 Can a landlord demand I give a 60 day notice before I move out? |
| I ask this because every other place I've lived has only demanded 30 day notice. Obiviously, the extra $650 would be a big help in my move, but I also don't want to get hit with a law suit ... |
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 I need advise, My x wants me to sign a quit-deed so she can sell the house,. should I ? |
| It is in the divorce decree that she owes me money, but she said she needs this quit- deed signed first, In the decree it said she would refinance the house to pay me instead she got remarried in 3 ... |
|
 Please HELP! my boyfriend wants to get a joint mortgage!!!!!? |
| we have 2 kids together but we have a lot of issues that could potentially cause to split ( well, his issues). what should i do???... |
|
 How much roughly would i have to put down as a deposit for a house of flat? |
| I know it would depend on a number of things but just want a rough idea. Would be looking for a place in south east london.... As i am a student could rent out to a friend or too (I'm only first ... |
|
 We are buying a forclosed home that we just found out is owned by indymac. Any ideas on what will happen? |
| We are totally scared now. We are doing an FHA loan, so I am thinking that it doesn't really matter who the seller is, only the financing. Help!... |
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 Is there any morgage company out there that will finance a 30,000.00 home for someone that has bad credit? |
| My husband and I have bad credit and having a hard time finding a morgage company that will finance us, Is there any morgage company out there that will finance a 30,000.00 home for a first time home ... |
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 Do you feel sorry for people who buy a house they couldn't afford? |
1) The bank gave them the loan
2) It was a variable rate, so after 3 yrs or so they KNEW it would go up.
3) Shouldn't a person have enough common sense to know it was too much to ... |
|
 What happens if you dont pay Rent-A-Center? |
| I HEARD IF YOU DONT PAY RENT-A-CENTER, AFTER 90 DAYS THEY WRITE IT OFF???? IS THAT TRUE?... |
|
 Can I fight my landlord for wanting my family to move out of the apartment we've lived in for 24+ years? |
| I live in Queens, NY and want to know what my rights as a tenant are. We have lived in the apartment for over 24 years and do not have a lease, we pay month to month. We have never had any problems ... |
|
 My friend inherited his fathers home that was paid off sometime in the early 70's, is there possibly equity |
| He is being financially challenged with upkeep of a home that is currently up for sale I was thinking before his father paid off the home that possibly there could be some money in equity his father ... |
|
 In my situation is an interest only mortgage right for me? |
| I own a home, brought it in 12/04 (2 years to the date) for $242,000, the Appraised Value as it stands is $305,000 so it has appriciated $63000 in 2 years. Our current mortgage is a 30 yr fixed rate ... |
|
 We just bought our first house? |
What are some maintenance things we should be aware of? Do you have any tips? We live in NJ, the house was gut renovated, and everything is new. Thanks!
Additional Details
Thanks ... |
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 Is it ok to break my lease if I dont feel safe? |
| There is this guy who is stalking me. He keeps knocking on my door and trying to get me to have sex with him for money and trying to sell me drugs. I have no clue who this guy is. I have called the ... |
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 It is possible to just give my house back to the mortgage company? |
| I hate my house and may soon struggle to pay the mortgage, can I just give the house to the mortgage company. I dont care about money, i just want out or will it be classed as repossession??... |
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 Is it a good idea to buy repossessed/foreclosed homes? |
| i'm a first-time home buyer and i want to buy a house that i can afford and that won't give me as much stress when it comes to finances.... |
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rollindem20z | Do the "get a $300,000 loan for 990 a month" really exist? |
If you know someone or by experience let me know, 10 pts! |
 |
 
Michel D
|
Yes, if they advertise it it has to be attainable or the company who advertised it could be sued. Qualifying for it however, is a whole other story. For example - to get a 300,000 loan for 990 p/m would mean that you are asking for a NEG AM loan. This loan would give you three different payment options.
1- 1800 payment is the fully amortized payment
2- 1500 is the interest only payment
3- 990 is the deferred interest payment
using option three just means that the difference in payment between 1 and 3 (810) would be added to the balance of your loan every month
300,000 - start
300,810 - 1 st month
301,620 - 2nd month
302,430 - 3rd month
etc......
ALSO THIS IS AN ADJUSTABLE LOAN...... that means that at anytime your rate can rise or fall. |
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Jen
|
I was offered one of these types of loans. It sounds good on the basics, but if you look into it you find out it is a negatively amoratized loan, or in basic speak, you pay part of the interest only, and the balance of your loan goes up, not down for the first year and you owe more 12 months from now than you did when you got the loan. THen when you do get to making your payments, they are 2 times higher, and it takes you about 5 years or so to get back to the original loan amount you started with. Additionally, they are usually adjustable rate mortgages so your interest rate goes up with a max rate about 6% higher than you could get a fixed rate for (at the time of the loan).
These are only good if you plan to have a home less than 3 months and are only doing it to turn a property.
Good Luck |
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eric_the_red_101
 |
Yes, but they are harder to qualify for in most cases and they are Interest only loans.
So they make no sense unless you keep the house less than 3 years. |
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jcampos8782
 |
Yes they exist and no you don't need perfect credit to get into one. This type of program is usually called an Option ARM. Each month when you receive your bill it will have FOUR different payment options on it (not three as said above)... The 30 year amortized payment, the 15 year amortized payment, the interest only payment, and the neg-am payment.
As said above, the minimum payment due is a negative amortization payment. This means that the payment does not cover the interest charged so the difference will be added to the principal amount on the home.
IF the area you live in gains equity quickly, this is not something you will have to worry about. Nationwide average is a 6% rise in equity each year which will usually cover the amount negatively amortized and then some. If it is not a particularly bustling area, you may be better off getting a 5/1 adjustable (fixed for the first 5 years) because adjustable products will ALWAYS have a lower interest rate than fixed products. On a $300,000 loan I could get you a payment for under $1,500/month as long as your credit and income are sufficient (620 credit score or higher and your DTI isnt above 50%).
Contact me for more details |
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gtofinancial.tomvoli
|
Yes.
This is called an Option ARM or NEGAM loan. The loan has a minimum payment of anywhere from 1.25 - 2% (depending on the program) but at that level you are not paying all the interest each month and that deficit is added to the balance of the loan.
This loan has it's place in a low loan - value scenario where a pullback in values combined with negative amortization won't cause a homeowner to be upside down. It is a popular product for investors but very risky for anyone on a tight budget.
I offer Option ARM loans as do many other lenders. Here is some additional info...hope this helps. |
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boston857
 |
Sure...but you probably need to put +40% down.....and have perfect credit..... |
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m2
|
the other is you can get the owner to do a buy - down
where the seller/owner to get a sale for someone that does not qualify..will sell the property $3000 cheaper and apply the reduction for the lower interest..
it has a down side... because when renewal comes.. you may not be able to afford the home..
if you situation will change in 3 years..as improve it is a temporary that will allow you into a house you would not have afforded for anothe 3 years..
this was used when interest on mortgages was very high..and if a situation did not change.. then you can be trapped on very very highpayments.. |
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Bodacious Baby
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R U JOKING WATCH THE NEWS THEIR THE PEOPLE LOSING THEIR HOMES, THE RATE QUADTRIPLES. REMEMBER IF IT SOUNDS TO GOOD TO BE TRUE ITS NOT TRUE! |
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Judy the Wench
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No...... |
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