 Mortgage going up by a thousand dollars. What will my bank do? |
I've stopped paying my 2 mortgages because I just can't
afford it anymore since one of them went up by a thousand
dollars. What can I expect my bank to do? I put my house
... |
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 Is the tenant or landlord responsible for damages to home fixtures caused by a burglary? |
| tenant made a police report, but did not tell me of damages for over one month. The toilet & 1 window was broken and a few small holes in bedroom walls. Is it the landlord or the tenant who is ... |
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 Mortgage lenders? |
I'm looking for a good Mortgage Lender for a new home purchase. Does anyone know of a good one? I've tried quicken loans and country wide. Lending tree sucks!
PS. If anyone ... |
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 If you are a landlord, would you rent it to family, relatives, and friends? |
| I have bad experiences renting to relatives because they tend to take advantages of me. If they don't pay you late fees and rent, it's very uneasy to ask them because they will take it ... |
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 Standard real estate agent comm is 3%. If I offer buyer agent 6% will I get much more traffic? |
| My listing agents have underperformed. I am highly motivated to sell my home. I am experienced and willing to "sell by owner". I'm wondering if double commission idea has merit/... |
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 When can a new homebuyer refinance? |
Bought home in April 2006
When can I refinance to-
1.combine mortgage 1+2
2.Get cash out to do home improvements?
I bought the house well under market value but with no cash down<... |
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 Got a mortgage refinance quote: Too good to be true? |
| A mortgage broker quoted me a refi of $235K with adjustable rate loan at 1.2%, and the monthly payment can increase by only $77 per year. Does this sound too good to be true?... |
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 Is it common for most people to not know the differences between Foreclosures, Short Sales, Preforeclosures,? |
| Is it common for most people to not know the differences between Foreclosures, Short Sales, Preforeclosures, and Bank REO properties? Is this something that needs some additional clarification for ... |
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 My boss owes me over $5000 in unpaid income. I want to send a letter to all the people he does business with? |
| I want to tell them he refuses to pay me or return my calls. I want them to know what a scumbag he is. Can he turn around and sue me for talking to the people he does business with and telling them ... |
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 Mortgage question? |
| Parents have a two homes they own free & clear and going to put one up for sale after they buy a home soon.(like within a month) Both are on SS with total income of about 1800.00/month. C... |
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 I want to sell a house that I inherited. What happens if a lien is found? |
| I inherited a house a few months ago from a relative, that I have been caring for the past 5 years. I am living in the house, but I want to sell it, and move somewhere else. I was wondering if I ... |
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 Can you be billed more then your deposit when you move out? |
| In the state on Minnesota. When you move out of an apartment or rental property, can they try to tell you to pay them more then your deposit was, for cleaning or repairs? Or would they have to sue ... |
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 I have bad credit and need an apartment? |
| I live in the city and everyone does credit checks, my credit is horrible, and i am working on getting it fixed, but that doesnt really help me now. What can i do?... |
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 If you own a beach frount property? |
| do you own all the sand and water too?... |
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 What do you think about buying a foreclosure home that is in good condition? |
Is it a good idea?
Additional Details
clari331 does not belong here...so rude!... |
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| How Much do you Pay For Rent ? |
What state do you live in. Just tring to see the rent price's and how they differ.
I have a three bedroom house i pay 325.00 Per month. Ohio :)
Additional Details
Wow Its ... |
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 How do I know my agent made my offer on a house I bid on? |
| I put in an offer on a home a few weeks ago that was $75,000 less than listing price. My agent looked less than enthused to be wasting his time drawing up the papers. We did anyhow, and he called me ... |
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Don't you get it?? | Can you make a offer on a house then try to get approved by a mortgage company? |
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felixthecat
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No, you really shouldn't - you should go to pre-qualify for a mortgage so that you have a good idea of how much you have to spend. Then be vague with your realtor about how much you qualify for so that they don't necessarily go straight for the upper limits of your pre-approval. Remember they are paid a commission by percentage so it is very beneficial for them to sell you the highest price home you qualify for! Always stay at least slightly lower than your upper limit -- you can always adjust if you found something irresistible! Always offer less than you think they'll accept so that you leave yourself some wiggle room -- who knows, you may be surprised in this housing climate -- they may accept a very low offer if you can get the money and close quickly. Again, DO NOT make your offer until you know you have the financing. That's a very dangerous road to go down - you would need to leave money with your offer and could lose the money if you then couldn't get the mortgage! |
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Shawnta M
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You can, but it is best to get a conditional approval from an underwriting to know that you are really approved by the lender. There is nothing worse than getting a conditional approval from a broker to find out that the UW will not approve. If you get your full approval on your income and employment first, the only stips to clear will be on the actual property. |
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Spock (rhp)
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of course
this is very common ... you write the offer subject to receiving acceptable financing. you'll want to specify the maximum interest rate you'll regard as acceptable, and possibly other terms, in the offer. |
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roadhunter
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Yes. In fact, this is how it is ALWAYS done. That's why ALL offers are written to include a clause about being subject to getting approved financing within a certain period of time. Not only that, it has to be "acceptable" financing to the buyer.
This is the most common way for a buyer to back out of the deal. Even if you get approved for a nice rate, you can just say it wasn't acceptable, and be on your way, usually with your earnest money as well.
A pre-qualification letter is essential, though. I won't even show a house to someone who isn't pre-qualified. There are too many dreamers out there who think they can afford a home that they can't possibly get financed for. |
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Jersey D
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you can, but they usually will not take your offer seriously unless you are already approved. |
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TedEx
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You can say , "": I will offer 300,000 for your house, contingent upon my being able to obtain a mortgage..""
The seller can counter, " fine, but if before I hear from you, someone else comes in who HAS BEEN approved,. you are too late." ..."". |
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chatsplas
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That's backwards. Get preapproved so you know what you are likely to be approved for. Then make offer on home in your price range. If you have EXCELLENT credit, stable, longterm job history, and more than adequate income, you can do it your way. But if there are two offers for similar terms with one preapproved, guess which one they will choose? |
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MissV
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Most Sellers are not going to sign an Offer from you to purchase their property unless they are somewhat confident that you have the finances. So through their Realtor they will require that any potential Buyer provide a prequal or pre-approval letter from the lender.
A prequal letter is basically useless. The lender accepts whatever you say your income and debts are and says you are prequalified. A pre-approval letter from the lender indicates that they have also pulled your credit and have a ballpark idea of your ability to purchase. |
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Luis G
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Yes you can but it is better to get pre approved first. This way you know what your budget will be. You may think you can afford 250K but then you find out you wont be approved for more then 125K. It works the other way too. If you put an offer in and you are not pre approved the other agent will ask you to get pre approved unless you are paying cash.
They will turn down your offer if you don't.
It's like going to the ice cream truck and asking for five popsicles and then saying I don't have any money. |
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biker chick in Indiana
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Yes you can, but it's better to get pre-approved that way you know how much house you can afford and stick to looking in your price range. it should say on your contract offer subject to bank or lender approval, also to if you are a first time home buyer STAY AWAY from adjustable rate mortgages go for the fixed-rate |
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