 I own a house ($2500 mortgage). My girlfriend is moving in. How much, if any, should she pay in rent? |
| She currently pays $800 a month for her apartment. My home is 3bed/2bath and we would be sharing a room. Do girlfriends pay anything? Fair market rent? Discount for love? This is a relationship ... |
|
 Are we stupid!????!!!? |
Me and my boyf are buying a house, we have a mortgage set up and about a 50% deposit. I have been obssesively looking at flats in my area and there has always been one that I love.
Before ... |
|
 Real estate question???please help? |
| is 7500.00 alot for closing fees for a condo woth about 145,000.00.the mortgage guy explained where each fee comes from but i kinda forgot,im getting the mortage from a federal credit union.should i ... |
|
 I rent a house on a month to month basis, without a lease. Am I responsible for maintaining and repairing? |
| The 10-year-old washer stopped working on Monday. I called the landlady about the matter and she told me I am responsible for getting it fixed. I was a little stunned since the washer isn't mine,... |
|
 Can i afford an apartment? |
| Can i afford apartment on 8.00 dollars an hour ? full time i live in mn 2... |
|
 Would you buy it????????? |
I am Christian...prefer other Christian opinions...
Hi,
How are you?
I need a little advice...
I am considering purchasing a fixer upper home in very good shape, only an ... |
|
 Can landlord raise rent? ? |
| hi my names Shawn me and my parents moved to this apartment (in Maine) about 6 months ago ( i'm 17 ) and the rent was 800.00 for a 2 bedroom well two months later my brother moved in with us ... |
|
 Whats the deal here? |
| I got a phonecall this evening from a telemarketer who told me that I had been selected to "win" $1000 worth of resort checks that are valid in several different parts of the world, if I go ... |
|
 I am looking for the very best real estate agent to sell my house. How do I find that person? |
| I live in the Austin, Tx area and our real estate market is not as bad as some of the other parts of the country. That being said...we will be needing to sell by May or June. I want to put it on ... |
|
 Does a above-ground swimming pool add to the value of a home? |
| We're thinking of getting rid of our 26' pool, but want to keep it if it will help whenever we decide to sell the house in a few years.... |
|
| A Messy Situation in Real Estate? |
| My father is getting ready to begin a huge home improvement project(i.e. renovation and restoration). However he has a huge problem. When my grandmother passed back in 1984, she left the house and ... |
|
 Should I require my new tenant to get renter's insurance? |
| I'm renting out my house for the first time. Should I put in the lease that I recommend they get renter's insurance, or should I require it? I'm not sure if that will scare them off. ... |
|
 Am I crazy for renting to family? |
| My husband took a new job which required us to move 2000 miles away. Our house has been on the market for sale for 60 days but we have had no offers. We have it reasonably priced but the market is ... |
|
 I bought a house not knowing it would be a money pit, need advice...? |
| I got a no money down loan w/ a low fixed interest rate on what I thought was a decent house. I planned to replace the wood siding this year as it is starting to rot from previous owners' ... |
|
 Can I terminate my contract with my realtor and buy a house directly from an agent that owns it?.? |
| Even though the realtor showed us the house, is it too late to just go directly to the owner who is a realtor also, and buy the house from her?, and will this save me money?. We have already put a ... |
|
|  |
Lori D | Do mortgage companies approve new loans with past foreclosures? |
|
 |
 
Darren Meade
|
Hello Lori -
The lenders will want to see between a 24-36 month clean history since the foreclosure.
Make certain before you seek pre-approval or allow anyone to pull your credit, that you bring your credit card balances under 30%. For example if you had a $1,000 credit limit, pay it down so you only owe $300.
You also will want to have 3 months PITI which is simply 3 months worth of mortgage payments and taxes sitting in a saving or checking account. This you will want to be in your account for 60 days before applying for a mortgage.
Unless you have a retirement account which has a balance. The lenders normally will consider 75% of the total amount in a retirement account.
If you are a W-2 employee, that will help, although selfemployed will also work.
Please let me know if you have any other questions.
Kindest Regards,
Darren Meade |
|
parisg22
 |
Yes they do. The traditional guidelines ask that the Foreclosure is over 4 years old however there are more lenient lenders that allow for people to get approved even if they have just got out of foreclosure. Foreclosure is a housing history issue: if you have rent/mortgage checks that have been consistent since the foreclosure then you are re-establishing this housing history. The question really is, what are you comfortable paying for rate/fee wise? |
|
recovering christian
|
yes. you just need to give them some time... my parent's went bankrupt and got their house forclosed on when I was 14 and got another mortgage when I was 20... |
|
debraalbagli
|
It will not be easy to find one unless you have a big down payments. |
|
sage seeker
|
Sure - if you are willing to pay MEGA MEGA in terest rates |
|
SESHUVEMU
 |
yes they will see your past record and then give you the fresh ones |
|
its me
 |
Yes, you just have to find the right lender. |
|
Martin S
 |
It is hard to do, but not impossible. Contact me whenever you are available, and we'll give it a try!
513-860-2940 ext 10
msmith@premeirloangroup.com |
|
Bonny K
 |
Yes, many of them do ... however, your interest rate will be higher after a bankruptcy or foreclosure.
Here's some online information about getting a mortgage after going through a foreclosure:
http://www.thinkglink.com/Getting_A_New_Mortgage_After_A_Foreclosure.htm |
|
Yanswersmonitorsarenazis
 |
Yes. Anything less than 2 years, and you're going to be paying significantly higher rates though. After that, it starts to open up somewhat. After 4 years, you should be able to get almost any normal conventional loan.
Provided, of course, that since the foreclosure, you have reestablished a good credit history on your normal credit card/car loan accounts, and have a SPOTLESS payment history on your rent. It's best to pay your rent with a check every month, so you can track those checks down if necessary to prove without a doubt that you paid on time (never more than 30 days late). |
|
wizjp
|
Not often. Need to be a LONG time back, lots of good credit in the meantime, decent job and risk and a good down payment and you have a shot; if you have a good reason for it and you didn't leave anyone holding any outstanding debit |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
10 | 35 minutes(s) ago
| | | |
10 | 1 hour(s) ago
| | | |
10 | 6 hour(s) ago
| | | |
10 | 11 hour(s) ago
| | | |
6 | 1 day(s) ago
| | | |
10 | 2 day(s) ago
| | | |
7 | 3 day(s) ago
| | | |
10 | 5 day(s) ago
| | | |
10 | 2 week(s) ago
| | | |
10 | 2 month(s) ago
| |
|
Homepage 
Financial
Forum 
Renting & Real Estate 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
