 I need roommate/apartment in the next month, where should I look? |
| I just recently graduated college and want to pay off my loans, so I thought getting a roommated in an apt would be the best way to go. Where do I look for one in my area? Knoxville, TN is a decent ... |
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 I don't wish to be unsympathetic but............? |
| Is it fair that those who don't buy house and contents insurance just get compensation anyway from the Government yet some people buy their insurance. Will the thrifty get handouts as well? I ... |
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 Anybody have any warning for me on buying house? |
| What should I be cautious about? what to look for so I am not getting ripped of by the lenders or others? what fees should I pay or not pay? Any ideas that will help me to avoid a bad situation ... |
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 How do I get my deposit back? |
I'm living in the UK, renting a place and may soon need to leave because I think the Lanlord intends to sell.
The problem is the estate agent that arranged the contract between me and the ... |
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 Help, I need legal advise about a tenant? |
| I have a tenant who is allowing her daughter's boyfriend to live at the house. He is not listed on the lease, nor will he be able to get on the lease since my house only has two bedrooms. I ... |
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 How do I get out? |
| I'm 17 and I have a 2 year old daughter (keep your judgements to yourself), my mother and I have different opinions on how I should raise my daughter. Basically I'm tired of living with her ... |
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 Landlord wont fix anything? |
| ok i posed a question on here 2 weeks ago about having problems with my landlord not fixing things and that they had been going on since i moved here in may i.e. sewage backing up into the house ... |
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 Considering purchasing a home with a septic system and well water? |
| Is it a good idea? What are some things to look for. Depth of well? Septic systems I know nothing about. Anybody have them for a long time or work on them? Thank you for your imput.... |
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| We have our house up for sale ourselves and someone just made an offer. They're getting a FHA loan and said that we would probably need to pay closing costs, but I can't get anyone to tell ... |
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| Would someone making $80 000 a year be able to afford an apartment for $3985 rent?? My sister has just started a job making that much, would she be able to afford that??... |
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 So with the current housing market we have found our house has dropped in value by A LOT of money...? |
In one year our house has depreciated in value by 80k or there abouts...
Is there like any way to recoup some of this loss?
Will the value eventually climb to what it once was before this ... |
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| Should i have the deeds to my house if its morgaged?....i have. can i do anything good with them? |
| was given them by my solicitors when i sold and bought, i still have a morgage on my property. ive asked around a bit and been told i should not have them. can i make any money out of this? or will i ... |
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 I have a home loan in my name but i want it just in my boyfriends name is there a way i can do this? |
| im looking to buy another home in a different city and i dont think that i will be able to get another loan so i was wondering if i could take my name off the loan and jjust put his name on it , he ... |
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 What do we do as potential buyers at an open house? |
| My husband and I are in the early home-buying stages and are planning to go to a few open houses this weekend. This is the first time either of us have sought a house to purchase, and we're ... |
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 How long before a house goes in forcloser? |
I AM RENTING A HOUSE FROM A FAMILY MEMBER
I JUST FOUND OUT HE HASN'T PAID HIS MORTGAGE IN A FEW MONTHS.NOW HE IS TRYING TO SALE IT "QUICKLY
BEFORE THE BANK FORCLOSES.WHERE DOES TH... |
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 I am trying to buy a single family home but have bad credit and no down payment? |
| My wife and I have bad credit we both work full time jobs but dont have money for a down payment.My husband makes $16.00 hr and I make $9.00 hr we also receive 574.00 in SSI for our son. but because ... |
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 I offered $80,000 for an $89,000.00 house and they...? |
| counter offered $82,500 and said as is. What does as is mean? And should I suggest they help pay closing cost or just take the offer?... |
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 Our home was sold at sheriff sale, the bank now owns our home.? |
| Can filing bankrupsy help to get our home back at this point?... |
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navydave1974 | Can we get a house? |
I am 32 and just got out of the Navy after 12.5 yrs. My credit score is 573. My wife is 26 with a score of 720. We are trying to buy a house for 169,990. I make 28K post tax at Comcast (where I work now) and me and the wife receive 1200 a month in Disability pay which is non taxable. We have our phone interview with Pulte Mortgage tomorrow morning. I'm just wondering if this is a pipe dream and if not, what kind of rate can we expect? We also have the option of using a VA loan since both of us are prior military. Oh and we just paid off my wifes car 2 years early to free up 453.00 extra a month. Any help is appreciated.
Additional Details
I forgot to mention that we have over 10k in mutual funds. We can afford the payment since we don't have much else for bills. We are really good with our money, I just have bad credit history due to me being young and foolish. And yes, both me and my wife are eligible for a VA loan each. |
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MARBELLA
|
You can definately get a house. You just need to ask the right questions. And do your homework before you pick your lender. MAke sure they list alll you options. I am a single mom and I had to file for chapter 7 after my husband left me with big bills that I couldn't pay, and I only make about 34,000 with no help from my ex-. I went on line and look for companies that lend money to people with bad credit. I got a loan for 100% the cost of the property. No down payment, no closing cost. The only thing was that I had to get a split loan (80/20) the smallest loan interest rate was very high, but I kept it for a year and refinance to have just one loan. Just remember, you are the costumer, don't be afraid to ask questions, check with different companies, just make sure that you do that within a 30 day time frame., otherwise it may hurt your credit. You should be ok, as long as you have made your payments on time in the last year o so. Good Luck! |
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hatchland
 |
The VA loan will probably give you the lowest interest rate. Make sure the lender you're working with investigates this FIRST. After that, make sure you account for ALL of the financial implications, both plusses and minuses, meaning:
Property taxes and insurance
maintenance
utilities that you might not have had to pay before (water & garbage)
upkeep
TAX BENEFITS (ALL of your mortgage interest is completely deductible. Plus, once you start itemizing, you'll discover all kinds of deductions that you qualify for)
APPRECIATION IN YOUR NET WORTH DUE TO YOUR HOMES VALUE GOING UP.
In short -- GO FOR IT!!!!!!!!!! |
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kelli
|
Yes you can get loan.
I have a list of some best websites offering mortage loans with low interest rate and also some real estate compnies with details such as location, prices, service etc.
Just email me with subject mortage and real estate at solidoffer1@yahoo.com you dont
have to write anything.
Best wishes |
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mktgurl
 |
Depending on how you get financed, the lender will probably use your wife's credit score instead of yours. It also depends on how much you've saved, how much you're willing to put as a downpayment. 720 is pretty good (850 is best, but really unachievable without owning a home). You also should have 3-months reserves to cover PITI (payment, interest, taxes, insurance), which is the mortgage payment and any taxes or insurance you get with the house.
You can check www.bankrate.com for national averages for various lending products (e.g., 30-yr fixed, 15-yr fixed, option ARM, etc.).
And, it may involve more paperwork, but you could also get whatever help you can from the VA loan. |
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Anita G
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Sounds like you will be a homeowner soon...you should not have any problems.
GOOD LUCK! |
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TaxMaven
|
You should not be so worried about getting approved, you should be more worried about whether you can make the note. You are talking about borrowing over 4x your annual income! How will you even be able to afford the utilities on the house & basic necessities if you have that large of a house note? What if you have an emergency that causes you to miss work? I sincerely hope that you can get into a position to be able to afford a house in the near future, but I think you are fooling yourself here. The mortgage company might very well be foolish enough to approve you, but you will be living w/ so little wiggle room that one mishap (layoff, medical emergency, strike,...) could send you over the edge financially. I am not trying to crush your dreams, b/c I do think that if you take some time to work up to a better salary & save up a good down payment for a couple of years, you will be able to get a house. I just don't want to lie to you & tell you that borrowing 4x your income for a house is reasonable, especially since your wife is disabled & cannot just pick up a job to take up the slack if your budget runs short (like a healthy sahm might be able to do). |
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swimmyfishy
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you can use your wifes credit score to buy a house, and a better rate too. you will be fine. |
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nickhawkins21
|
At this point in the market, almost anyone can get a home, but be careful of the financing options they give you. You don't want your housing expense to be anymore then about 35% of your monthly income, so I would figure out what you make a month combined and know a range of numbers of house payments you would be comfortable with. Also since you are going to be living in this house, they might even offer you an interest only loan, I would be careful of that too, they might just put in a prepayment penalty, make sure that is not in ANY agreement you sign, especially if you get an ARM. If I were you, I would check with the military and see how many VA loans you get, if you get one and your wife gets one, if they can be combined or have to be used seperately. The reason I mention this is because if you only get one for example, I would be more inclined in saving it for your dream home later on, unless you plan on dying in the house you are buying then go ahead and use it. And if this is your first house, see what kind of first time home buyers programs they offer in lieu of using your VA loan, or even if you could combine VA and first time home buyer. |
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coolbeanie27
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Your loan will probably be approved. However ...you may find the prospective payment a bit steep for your income. I would suggest looking at government repo homes to get a better sales price. Check out this website ....www.hud.gov.
If you do your homework and depending on the state you live in you can get some great deals ! I should know....we bought ours through them and on the day we settled our home was appraised at twice the price we paid for it. That way you also start out with instant equity in case you need to make a home improvement loan later on.
Good luck ! |
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