 I want a house!!! Any advice? |
| Me and my husband want a house so bad but we are in a finacial struggle right now and have dwindled our savings. We have a child so we are really working with one income. I only work partime. Any ... |
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 In your opinion, are double-wide mobile homes as good as, better than or worse than houses? |
| I am thinking of trying to purchase a home. I have saw some very beautiful double wide trailors. I used to hate trailors, but that's before they came out with the ones that look like real houses.... |
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 Will you PLEDGE to buy only AMERICAN made products with your ''rebate'' check? |
| Since the ''rebate'' funds will be funded by loans from China it makes sense to not just give the money back to them by buying their stuff.Let's truly help our economy..BUY AM... |
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 Is it a good idea to buy a house during a recession? |
| I see houses are going down and interest rates have gone down so I was just wondering if it was a good idea to buy a home right now.... |
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 Do you think it's ok to tell your landlord the reasons why your rent is late? Even if it's a bit personal?? |
| Now, I'm not talking about getting way TOO personal... but just a general idea of what's been going on in your life. Normally I would say this isn't a good idea. But my own rent is ... |
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 If I'm the seller of a property, and the buyer puts earnest $$ down but backs out, who gets the $$.? |
| A potential buyer of my property put $500 earnest money down but backed out because of the home inspection. The home was listed "as-is", but on the contract, there is a right to cure. Who ... |
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 What would help my house sell ? Ive droped the price,Its now the lowest on the street.? |
Im in Bardstown ky.
Additional Details
Its a nice clean, Landscaped yard and house, I have a real Estate person, But he has only shown it 2 times, Its below its apr. What Am I doing ... |
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 Can my landlord keep my security deposit for damages I did not do?? |
| Help! I am in a mess. My old landlord claims I left the apartment a mess...I live in Tennessee...I had a 350 deposit and they claim damages came to 469 dollars. I took 3 days out of my schedule to ... |
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 Does a real estate agent have a LARGE part to do w/ selling your home?? |
| My hubby & I have had our home on the market for almost 6 months now. There is nothing wrong w/ the home (it is always immaculate & sparkly). Nothing is ever out of place & it is very â€... |
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 When you rent an apt. or house? |
| Is the property tax figured into the rent or do you pay it separately or not at all?... |
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 Can my infant daughter purchase real estate. She will be paying cash? |
Additional Details
">There are laws that no one is allowed to purchase real estate without any credit"
This is complete rubbish. Obviously there is not a single ... |
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 Is it legal for our landlord to do this to us? |
| I live in Arizona. Basically we've been renting month to month a house from our landlord, and recently we found out he hasn't been paying mortgage and we have less then a month to leave. I ... |
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| Rather BUY a nicer home in bad area or bad home in nice area? |
Pros/Cons Socially and Financially in your choice???
Thanks.... |
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 I live in SC and have a friend staying in my house. How do I legally evict him from the premises? |
| We have a verbal agreement only however he has not maintained a decent level of cleanliness in my personal home. I would like him out asap and want to do it as legal as possible. What recourse do I ... |
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 Do americans realise they will never own a house,,,?? |
| Has any american realised they will never be able to own a home most times if they belong to the working class? If U do not have the millions in your account, u will have to sell it when U grow old ... |
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Happy Girl | Can you buy a house when you don't have any money for a downpayment? |
My husband wants to buy a house. He's been approved for a 700,000 loan. But he doesn't have any money for a downpayment. He keeps saying that first time home buyers can get a lot of help. |
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abandoned_ichthys
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Wow, some interesting responses.
Home mortgages are complicated, it is sometimes easier to buy a house than a $2,000 car on credit.
First you need to realize that in order to buy a home with a mortgage loan there are really two approvals that need to take place, 1. Your Personal Financial Picture 2. The Property. There are many lenders that will give you an approval based upon just a few minute talk on the phone... but truthfully that is not an approval, but a pre-qualification. It means nothing without aplying that info to a peticular loan and that also means finding a property.
There are many loan options out there that allow little or no downpayment to be made. FHA loans do allow a small down payment amount of just under 3%, but FHA limits are going to be lower than 700,000 unless you live in a REALLY expensive area, and even then I doubt they would go that high (FHA Limits are different from county to county nationwide, though usually less than $300,000 unless it is a multi family home.) FHA loans do allow gifts from Non-profit groups, family members etc to pay the downpayment. But that is really the exception, not to say it is the only loan option available there are still others.
But getting 100% loan is often much easier. There are many ways to do that and they don't all cost an arm and a leg.
You can find a 1 loan 100%, 2 loans 80% plus 20% (this allows you not to pay mortgage insurance). There are however other loans that don't ask where you got your down payment and companies willing to give you that money to help you close (all to receive a fee from the seller for doing it) Contact me and I can help you.
Best of luck to you! |
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mks 7-15-02
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Have Someone Co Sign A Loan . |
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BATISTA
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VERY TRUE,,, HOWEVER O DOWNPAYMENT DOESN'T MEAN THAT YOU ARE GOING TO GET A LOAN WITHOUT DIGGING INTO YOUR POCKET. YOU CAN GET A LOAN 100 PERCENT FINANCE, BUT YOU'RE STILL GOING TO COME UP WITH CLOSING COSTS, APPRAISAL FEES, INSPECTION FEES AND SO ON.
SO PRETTY MUCH IF YOU DON'T HAVE AT LEAST 5 TO 10 THOUSAND DOLLARS TO SPEND DON'T EVEN TRY IT. |
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Twinkle
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You can get 100% mortgage but you'll pay a higher interest rate. |
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Mohit Madaan
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You need to have a minimum credit score of 620 if you have that definately you can qualify for a loan with no money down. For more information write me at refinance@inbox.com |
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coachstrusz
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Where do you live, I may be able to help |
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Jenster*is*flipping*you*off
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yes fha and freddie mac programs.
if this deal falls through,
please call me at 866-242-6689 ext. 5002
ima broker myself.
thanks |
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angelbaby
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I wouldn't, but my ex seems to think you can... |
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dhfman999
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FHA helps first timers. |
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Lisa
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Yes, you can get a FHA loan the request no or as little as 2.5% down. But you do have to come up with closing cost. With FHA you have to pay Mortg ins till you have 20% into the house and you have to pay into it for at lease 2 years. You can also get a 20/80 loan...which that is you take out a loan (20%) for you down payment then your mortg (80%). |
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Eva Daniel Rn
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sure , if you have good credit...otherwise tough luck |
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master_akhkharu
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Yes, there are programs that can help pay for the down payment for first time home buyers, and you can ask for up to 6% seller's assist (it is built into the mortgage amount). |
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Hippie Chick
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Yes. You should speak with a mortgage banker/lender. |
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HELLO
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if you don't have a down payment why are you even considering a loan that high stop trying to live above your means and get something that's more affordable it's the best thing to do so you won't be in debt then you can really enjoy life and not worry about finance |
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seanmjm
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Check out the website of Robert G Allen. He is the author of a book called "Nothing Down" that explains how to buy with nothing down! |
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bburroughs83
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a $700,000 dollar house....and no money for a down payment. is he blowing it all away on hookers or what geez |
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regatta87
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I would try to save some money first, that way your monthly payments will be lower. Bying a house is big issue. Get prepare for it. |
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