 Question about renting a flat? |
If I want to move into a new flat at the beginning of July, when should I start looking?
I will be renting, not buying- I understand the market moves really fast and have been told before ... |
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 Is it weird to have or even ask for a "apartment" warming party for your 1st apartment? |
| My Boyfriend and i are moving into our first apartment. Finally! I have waited 22 years to do this. Just a few months after my 23rd birthday, my bf and I will be moving into our first apartment. We ... |
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 My wife's credit score is mid-700s, mine is high-600's, can we get a home loan? |
Additional Details
How do they choose which credit score to use? Experian, Equifax or TransUnion?... |
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 Help!Pending forclosure No sale date Yet........what is the next best move? |
| I am working now $43/hour 32 hours a week as a Nurse, the investor (Wells Fargo)will not work with me at this time (was not able to keep on repayment plan one time last year), I own my home owe $158,... |
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 How long do you have to own a house before you can get a home equity loan? |
| My husband and I are in the process of buying our first home. We got a great deal on the house at 1/2 the appraised value. How long do we have to own the house before we can take out a home equity ... |
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 When should I buy a house? |
With all the news on house prices at the moment, is it a bad idea to buy a house?
I'll probably have enough to pay at least 20-40% upfront but is there a good chance the value will go ... |
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 When selling a house through a Realtor, how long is the contract for? |
| Ive had by house up for sale by owner with no bites. Im thinking about putting it through a realtor but was wondering how long it would be up through that realtor?... |
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| Were can one go to apply for a government grant to buy a home. and if there is some were how long does it take |
| i need help buying my home i live in have bad credit so i thought that there might be some kind of grant program that can help. it can be some kind of loan i could pay back i dont want it for ... |
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 What can be be done about an illegal eviction? |
| I received a phone call tonight from my brother's landlord telling me to come get his belongs or he was going to put them outside. There was no court order, no hearing, no nothing. He went into ... |
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 Is it legal for a realtor to show an occupied apartment? |
| This apartment is currently lived in, with the occupants having a one year lease that is not set to end for 11 months. The realtor is showing the apartment despite a sign that asks them not to and ... |
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 Is Renter liable for damages? |
California:
I was renting to someone who didn't regularly clean the house including the bathrooms and kitchen. One of the bathroom shower faucets began to drip but never told me. As a ... |
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 How does a mortgage work? |
OK, im looking at buying a house and though I have a vague understanding of what a mortgage is, its still pretty confusing. Can someone explain to me how it works, what i am paying, etc...
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 What are the steps in buying a property? |
| I'd appreciate it if someone broke this down for me. For example, do I need to get a mortgage first, then starting looking for a property? then what? I based in the UK if that helps.... |
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 How do I go about getting a loan to purchase a home? |
| I have found a home that I want to purchase, nothing new but it has potential, the price is 75,000...what qualifies a peron for a loan to purchase a home???I am 23, My credit is @600 and I have a ... |
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 Im a 1st time buyer looking for a property in london. Budget is £200,000, where in can i get value 4 money? |
| Current seeking 2bed house/flat in london, this is a challenge being 1st time buyers but we desperately need to get onto the property ladder. Please can you advise what area within london or ... |
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Mick | Do you wish house prices crush by 50% next year? |
So you can get on the housing ladder |
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Landlord
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You seem to forgetting the fact that it would mean most Americans would be broke, something like that would destroy the economy.
Why would you wish that millions of people would loose so much on their investments? There are many people that have one investment, their house, and they are counting on it for their retirement.
This would lead to not simply homelessness, but the homelessness to many seniors and people who can not recover from this.
If this happens in 10 years, when I plan to retire, I actually would not be able to retire, I would not have any money. |
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John H
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Yep!! thats not a good idea!! Think of all that negative equity out there if that happened, and with recession hitting normal families - there is bound to be an increase in repossessions. Then the banks will sell the repossessed houses for a loss, increasing the problems within the credit market - tightening credit even more.... making it harder for first time buyers to get on the market.
This is happening now - but if there was a 50% drop in house prices, it would near as damn it impossible for you to get a mortgage unless you had very high % deposit.
Anyways, good luck in your search and have a very merry christmas.... and in the future be careful what you wish for.... it just may come true.
Cheers
John. |
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Timothy H
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I'm not wishing for a crash as I have £10k of my own money tied up in my flat. You can get on the property ladder even I did. I Left London 3 yeas ago for the North I had £0 in the bank and no job. I brought my 3 bed flat last year for just less than £95K. It's bloody hard work and we had to live on one person's wage £850ish Per month for a year as we were saving the rest fortunately we did get a job but only after 3 months of temping. We were still only earning less than £14,000 each. We basically did things on the super cheap, Ditched the car, shopped in Netto and hardly went out. I brought at the wrong time but wasn't to know at the time so very nervous about the future. |
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And
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No - this is a dip, not a crash.
They should start to recover in the meantime.
If prices were to fall much more people simply wouldn't sell them. Something which is already happening. So they won't drop much more. |
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Eddy T
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Barclay's boss has said that house price may fall 30% from its peak of summer 2007. Which also means that his bank may also starts its mortgage lending. I take it that house price will also pick up in price as more people will have access for mortgages to buy houses. |
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Doctor Deth
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house prices have already dropped that much in some areas - the decreases are supposed to finally slow down and hit bottom next year |
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RaysBack
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Well that is one way to look at it |
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Ed Atun
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Yes. We will be able to buy 3 houses. That will pay for retirement when prices go up in 15 years.. |
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R W
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As for someone looking and trying to buy a home , this would be great.However the biggest problem people have in home buying is the closing cost and down payment.Most people can afford the monthly payment..including taxes amd insurance. Its just getting money saved to get the loan. |
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infinite crisis 247
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truthfully that happening helps nobody. it doesn't help existing homeowners who lose equity in their homes. this means that eventually fewer people sell, meaning less supply.
right now, it's a buyer's market and very good prices for first time homebuyers. the thing is that it's harder to get approved for loans, so if you have dings on your credit, you are much less likely to get approved. you also must have much higher down payment amounts than you used to have to bring. |
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