 House value is dropping like a rock! Anything we can do? Or are we in serious trouble? |
| We purchased a starter townhouse about 3.5 years ago, with the idea we would sell in about now (or a year from now) and move into a house with a yard. The housing market was very high then. We have ... |
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 I was wondering, what do you call a person whose a house flipper? |
| And I was also wondering if that is a career also and if its a good one.... |
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 Should I?????? |
Im 23 years old, Ive been renting my own places for the last 6 years. about 10 months ago my boyfriend (29 years old) moved in with me, we have being going out for nearly a year.
He is trying ... |
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 Plz help!! Getting married in 3 months, fiance and I have bad credit, need to buy a home with no money down.? |
| Our landlord has skyrocketed the rent up and we might as well be paying that much for our OWN place. What can we do?... |
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 Can a 14 year old buy a house? |
Can a 14 year old purchase a house. Like, it officialy be in their name and everything ?
Additional Details
the first answer confused me a little, like if iwanted to purchase a house ... |
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 If your lease runs out soon & you wanna move - can you sign a new one before the old one expires? |
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If you wish to move out of one place & into another can you sign a new lease on a new property before the lease on the previous property expires? (Notice has been ... |
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 Do you think writing a letter to the owners helps you get the house? |
| My fiance and I are looking for our first home to buy. We live in Edmonton, AB, Canada. Yea basically houses that are not worth crap are going for ridiculous prices! We have been told by people that ... |
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 I gave a 60 day notice to vacate my apartment in writing. Now the landlord is saying I never gave notice? |
| Landlord is suing saying I never gave notice, How can I win this case? However the leasing agent spoke to me by telephone and offered me new accommodations to encourage me to ... |
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 Will I be able to purchase another condo next year with 2 recent 30-day lates on my credit report? |
*I have 2 loans for my mortgage from the same lender so that is why it's two late payments.
The late payment was a total screw-up on my part. I totally had the money in my account. <... |
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 Need an apartment the will not check my credit score? |
| im looking for a website that has a list of apartment that dont have credit check or at least check ur credit score. in california ... |
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 Moving from an ARM to a fixed rate loan. Seeking advice on the best process.? |
| I have been in my home for 3 years and I need to try and refinance my main mortgage (I have a 2nd as well). October 1, 2007, my ARM rate jumps from 5% to 7%. I have refinanced my last home, so I ... |
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 Problem with my landlord!!!? |
| I have lived in my apartments for 6 months. My house was broken into in Octber they came out and fixed my door that same day. Now 4 months late my house has been broken into again. This time my door ... |
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 How can we sell the house very quickly??? |
| Our house has been on the market for a month now, which is not long, but as we are moving to Japan at the beggining of January, I am starting to panick...so, how can I make my house more "... |
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 Need to break my 1 year lease immediatley. I really really need help? |
| Lease was effective July 1, 2007. Me and my fiance need out of there immediatley due to us getting sick from the foul odor of the place and the hell on earth neighbor upstairs. I'm going to my ... |
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 Is there law that states I do not have to allow my landlord to show my apartment? |
| My landlord and I got along great I moved in 6 months ago( lease for 6 months) he allowed my to pay extra rent to pay the security deposit as well and I did. I have been very gracious in letting him ... |
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| What do i need in order to get a mortgage? |
| i'm thinking about getting a mortgage next year, but interested to find out how much money i need in order to be eligable for a mortgage, if anyone can help me with this i'd be most ... |
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 My house went to foreclosure and then to sale. I have now been contacted by the bank that purchased the house? |
| The bank that purchased the house has sent me a letter saying I have to vacate the property in 6 days. Is there anything I can do to get more time to vacate or save the house or is it to late for ... |
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 I bonced my rent check, what will happen? |
| My February rent check bounced. So my question is, will the rental agency deduct it from my security deposit, or will they come after me for the money? I have lived in this apartment for a year and a ... |
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Kellie R | Can you buy a home with no money down? |
My husband and I would love to buy a home but we have no money for a downpayment and can not afford to pay more then $600 a month including the insurance on the house. Is there any way we could do this? And if so how? We'd really like to have a nice place to raise our children.(Not that the place we live now isn't nice just not ours were renters) Is there any way we can do this? we pay every bill on time including our rent. |
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Joseph H
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Yes but it is not a good way to go. Try getting a loan for the down payment with a broker who specializes in home loans. The reason I say not a good idea is because your rate will either be higher than it has to be or you will be in one of those adjustable rate deals where 3-5 years down the road, you may be very shocked to see the house payment skyrocket. Check with multiple loan brokers. They work with different lenders and usually can find a decent deal if all is in order. Banks are not as flexible for risk taking. |
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What?
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yes i'm doing it this friday w/ $0 down. I am paying the closing cost, but you can finance that too if you want.
The more you put down the better interest rate you will have. I'm using wells fargo, of course i know the guy whos giving me the loan. So i'm not sure if they do this for everybody. My interest rate is 6.5%. |
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Barbara C
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There is a way to buy a home with out a down payment and closing costs. If you buy a home without a down payment, you will have terribly high intrest which will make your payment skyrocket. You will still have to have some closing costs. We have a $115,000 home at 6% intrest and pay $868.00 per month. We put $5,000 down and $4,500 in closing costs. That is why we got a good intrest rate. That includes insurance and taxes. If you can't afford more than $600 then you will not be able to pay more than about 80,000, and you are probably in a nicer home now. I would wait until you are much more financially sound. You also have to realize that on top of the payment, you are then responsible for all repairs, which can add up very quickly. |
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celia s
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Call Hazell (a loan officer) and he 'll see the best situation for you.
(404) 963-0534 |
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Reenie
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Yes, you can if you have good credit and a reliable salary, but you will most likely pay a very high interest rate. This site has some helpful information on obtaining no money down loans. Call around & do research on the internet...there are many mortgage companies that can help you. Good luck!
http://loan.divinfo.com |
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AnOrdinaryGuy
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Yes you can, but as others have pointed out, you will be borrowing more money and you will have to pay a higher rate of interest since it's a riskier loan for the lender.
You will have to be sharp and check around because you want really low monthly payments (more on this below). The loan broker may offer you reverse mortgages or other deals that keep your payments artificially low for a year or two but then they go up fast, or your balance due keeps increasing because you are not paying the full rate of interest that falls due.
Unless you live in an unusually poor area, $600/month is unrealistic, because you have to include real estate taxes, as well as at least part of the principal and interest and insurance.
Keep in mind that mortgage interest is tax-deductible, meaning your annual income taxes will probably be less than they are now, leaving you more money, which you can spend on your monthly payments.
You should look into Federally-subsidized loan programs if you are on low income, or are first-time buyers. |
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Twister
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Yes, if you try very hard you can. you and your husband should try to find out about "Habitat for Humanity" I have friends that got one and they are like only around $450 a month. Allyou need is a job.
Best wiehes hopes everything goes good for you. |
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brien123
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In the uk you can buy a house without a downpayment but you need to pay a lot more than $600 a month, the uk average for a house without a deposit would be about $1600 a month(not including insurance). If you can get a house for $600 including insurance, I want to move to where you are!! |
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peanut
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sure there out there, you just have to find them ,,,try a ad in the paper |
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bitchprincess456
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Yes you can. My ex and I bought our first house with no money down. the thing to do is talk to a bank or a real estate person and see about getting pre approved, the are programs for first time home buyers also. A real estate agent should know about these and also any bank.... |
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DDR QUEEN
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Yes there is. Make sure the house you want says No Money down on the sign or you probably have to pay move up front. |
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