 To buy or not to buy (our council house)? |
| We are renting a 3 bed council house with good back garden and drive to front in a fairly nice area of a fairly nice town. We know we want to stay here for a long time but don't know if now is ... |
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 Just got kicked out and i got a 3 day pay or quit letter. if i dont pay it how long by law do you have? |
| the lease is over in september and i dont want to pay rent now. i want to know what the laws and the rights i have and how many months i can be here please let me know thanks!... |
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 Can I get a home loan for 99,900 with an income of 44,000 and no downpayment. ? |
| My credit score is 575 and my husbands is 595 and we have not been late on a rent payment ever.... |
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 I want to put an offer in for a house but I haven't arranged my mortgage yet? |
| Is this a bad idea? Im worried if I dont put an offer in soon someone else will and it will be too late, but will they be put off if I dont have a mortgage ready?... |
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 I'm just about to buy my first house...? |
and I'm down to three contenders:
http://www.losanjealous.
http://farm1.static.flic
http://www.... |
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 I have tenants that will not move out and I gave them a month and a half notice to move? What are my options? |
My house is being sold and the people who are buying it want it empty. My tenant said that she is going to go to court to see what her options are? Does it matter that they have 2 kids?
A... |
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 I sublease an apartment. The person who is on original rental agreement is giving me notice to vacate..? |
This is a rent control building but I am only subleasing, ...
Can the person who has the original rental agreement with the landlord and who subleased / subrented it to me....
Can he just ... |
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 Should I just sell my house and get an apartment to save money? |
| I'm so sick of living paycheck to paycheck just to live in this house that I don't really like all that much. I'm thinking of just selling and getting into an apartment and just on ... |
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 3 Day or Quit paper from landlord in CA? |
| I have been asking questions but now I have a new problem. Basically my mother is my land lord. She knows I am moving out in 2 months and she said she was going to be doing things to the condo and I ... |
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 Is the landlord responsible for installing a phone jack in a room? |
| I want the "extra" room to be my computer room but there is no jack. I called the phone company and they charge $150 to install one. Can I bill the landlord?... |
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 Is it acceptable for an estate agency to charge a tenant..? |
...admin fees?
I'm trying to rent a flat and just realised on the estate agents application form there's a £60 admin fee for applying - I feel this is ridiculous just wondering ... |
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 Mortgage question-why so high? |
| Why is a $200,000 mortgate over $1100 a month? Every way I add 5-7% monthly, annually, whatever, I get a payment that is much lower. At $1100, with no interest, I'd be paying the bank $396,000 ... |
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 Can landlord give day notice? |
| Ive been residing here in my apartment for 5years and the owner call me last month to tell me he sold the property and I should move I agreed. Today I received a letter of one day eviction. is this ... |
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 Can a beauty shop move right next door to a beauty shop? |
| i have been at the same location for eleven or so years i work alone it is very nice i am located in the middle of town just recently a beauty shop moved right on top of me with three other girls ... |
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 Does my fiance have to be there for closing on our new house.? |
| My fiance and I are closing on our first home next week. I told my realtor several weeks ago that we do not want a Wednesday or Friday closing because he is out of town on business during those days.... |
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Hi Hater | Can we afford this loan for a home? |
Ok, hears the deal. My husband makes about $60,000 a year and im a stay at home mom. I have no credit and he has not to good credit. His score is about 600. We want a house for about $150,000. Do you think we can get prequalified for a loan. We only have about $3000 the most for downpayment. Our rent is $775 a month, car payment $350 and about $500 for everything else for the month with about $500 to put in the bank. Do you think we can get prequalified for a loan of that size? He also was in the milatary for 8 years |
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Mike
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YES! the general rule of buying a home (if you can afford it or not) is that generally you can afford a home 2 and a half times your total net income...if thats 60,000....then you're right on the money! congrats! Id suggest getting a fixed rate though. Dont fall for adjustable rate loans because it will mess you up in the long run,,,,,,although you dont have the biggest downpayment, i think the bank will realize you do have a substantial income coming in. They'll see you always paid yiour rent, You should be in good shape. Also try to see if you can knock the price of the house down a little bit. Give them an offer they cant refuse =] good luck! |
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Joe S
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Somebody might qualify you, but I wouldn't do it. It would be a mistake in my opinion. Your payment would be high. You should try to save up a bigger down-payment. Also don't forget you need cash for closing costs. |
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soundz81
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There's a lot of other factors at play here. Whats your lifestyle like? Where do you live and how expensive is the area? Plan to send the kids to private school or anything like that?
3000 is a very small down payment...almost not a factor. Then there's property tax, home owners insurance, things of that nature. Some communities have home owners association fee's that can get pretty high up there.
Bottom line is if you want it bad enough you can probably make it work. Someone will definitely give you a loan, but with your credit scores it probably won't be at the best rate. Either way best of luck with your decision. |
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mortgage underwriter
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Take your monthly payments including the new housing payment, divide by your monthly gross income. If it's over 38%, it's too high.
Monthly housing payments include Principle, Interest, Taxes , hazard Insurance, any HOA if it's a condo or PUD and with that little down Mortgage Insurance. |
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Gdoggy
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Yes |
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Expert Realtor
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His military background should qualify him for a VA loan which would be good so you can keep your money and not have to come up with a down payment. You also can do 100% financing without paying PMI.
That is the route I would go.
However, with children and you not working, money is going to be tight. Without even getting out a calculator, I would say after you add taxes and insurance (rough estimate) you are looking at about $1000 per month.
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Cherishalatina
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Oh yes you can get a loan a VA loan or first home owner buyers will also help you out with a place. Look into each one of these site.
FirstTimeHomeBuyerProgramGuide.com
www.hud.gov/buying/index.cfm
www.HUDforeclosed.com |
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