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I know its their home but if your renting it for years and starting your family there shouldnt it FEEL like ur home, allowing u to have pets, smoke and have pictures on the wall?
my ... |
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| I'm buying a house, have viewed one that i really like, it's up for £164,950. Don't want to pay the full price if I can get away with it. What do you think would be a sensible offer???... |
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| I would like to know if there is a way to find out if and when taxes were paid on a house. The house is not mine however I do have reasons to wonder. I would ask the person themselves but they may ... |
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| I am buying this house through an FHA loan. The inspector said that the house needed to be painted, some rotting boards needed to be replaced and a tree needed to be trimmed. We planned to do this ... |
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I do not have many friends, which is how I prefer to live. I am always with my boyfriend and we are usually with our two close friends.
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| My boyfriend and I may be moving into a 3 bdrm apartment with another couple and a single guy. The thing is, the apartment only has 1 bathroom. Is this not a big deal, or do you think that might be a ... |
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 I signed an agreement of sale on a 4 bedroom home ..... and now I've discovered ( after 7 days ) that the room |
| considered to be a fourth bedroom ..... cannot be considered a 4th bedroom ... because it's off from the garage ( a door to the garage opens to this room ) Do I have any grounds to back out or ... |
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 What shoudl I offer for this house? |
I found a home I really like in the Houston, TX area. it lists for 279,000. With todays market the way it is,(buyers market)
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| Help! Mortgage advice needed ASAP please? |
| Buying a house with a relative, but everything has taken longer to go though then we thought. I'm going away soon and need to know weather I need to be here to sign documents or is there ... |
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| My 2br/1ba condo has been for sale for 8 months. I can't afford to have it sitting empty any longer so I've decided to try rent it out. My current real estate agent has agreed to show the ... |
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 How can Gordon Brown help first-time buyers in the UK housing market? |
| There's a growing groundswell of opposition to the substantial discounts given by builders to private investors who buy houses to let. Rightly or wrongly, first-time buyers blame them for ... |
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starbrite74♥♥ | Does anyone think the mortgage companies will ease up on buyers anytime soon? |
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TallPaul
 |
Ease up how? The mortgage companies don't control the interest base rate. |
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thinking-guru
 |
You mean for qualifications? The answer is no. Many people rec'd loan approvals over the past 5 years who really weren't qualified for the loan. That is part of the reason for the current housing mess. The industry is in a corrective state and should remain so for years to come. They may loosen qualification standards slightly in the next 3 years but they won't (at least they shouldn't) revert back to the prior system of approving almost anyone. |
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steven e
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no.the economy is not sound it is still on a knife-edge and next year forecasters are warning us to expect a bumpy ride. |
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mazziatplay
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It isn't the mortgage companies, it is the investors who have tightened up qualifying criteria and, no, I don't think we're going to see a loosening of those standards soon. We have only seen the tip of the iceberg in the current mortgage crisis. The worst is yet to come. |
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Ahwell
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In what way? They've already loaned out too much to too many people who are now struggling to make the payments. |
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acermill
 |
You aren't quite clear on what you mean by 'easing up'. If you're referring to being able to qualify for a mortgage, that's not about to change soon, if ever. Lenders have learned the hard way what happens when you give mortgages to borderline credit/income buyers. The result is the current fiasco we have with foreclosures.
If you're referring to current owners who are facing spiking interest rates on ARM's, an agreement is in the works to freeze for five years the current rates of some of those folks. The details of the program have yet to be released. |
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jeanniep
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when the buyers have good credit and put more down on a home and get a fixed rate, it's not just the mortgage companies fought |
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luludoodie
 |
No.
The country is overborrowed (by Labour)
The public is overborrowed (greed).
The economy is in serious trouble (but hidden by Labour) because of overborrowing to hide the fundermental fact that the country is living beyond it's means on debt.
Either we suffer now or it will be much more painful in the future. Corrective measures should have been taken years ago to get us back to living within our means! We are leaving huge problems for our children/grandchildren. |
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DallasLoanGuy
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Things really aren't all that tight for people that can afford to buy a house and can prove it with w-2's and bank statements.
Still plenty of 100% financing available.
Wallstreet reacted too late to their irresponsible guidelines and they pulled back pretty hard. They will stay tight on the Stated Income and other crazy loans. But the Full Doc loans are closing everyday. |
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Gerry Atrix
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After today's Bank of England announcement of a cut in the base rate, mortgages will come down this month. NOT A LOT. |
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Matt K
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Mortgage companies never came down on buyers. Buyers choose to enter into legal contracts with adjustable rate mortgages because they wanted a bigger house. |
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Hans B
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No way, I waited out the obviously hyped market for years so I could buy some stupid sapps house for cheap and I want my reward. They better not step in and ease up because people overextended themselves. If they do I better get a tax break. |
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Tracker
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Lenders may be forced by the government to ease up on current owners. They're talking about freezing adjustable mortgage rates. I wonder how they can break contracts like that. The people signed it. Talk about rewarding bad behavior. They shouldn't lend to people with bad credit who don't make hardly any income. Period.
I wouldn't be buying a house any time soon if I were you.
http://news.yahoo.com/s/ap/20071206/ap_on_go_pr_wh/mortgage_crisis;_ylt=AuW5cMxhpogu7Tv48bUuDyKs0NUE
So, the answer to your question is, no. They are not going to ease up on buyers any time soon, nor should they. |
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SUPERFLY SNUKA
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If they dont ease up on buyers, they'll be sitting on foreclosed homes that they can't sell becuase they have tightened their lending criteia. What they should do, offer to refinance current adjustable rate mortgage's at current market rate of the home turning them into fixed mortgages. Ganted the banks will be taking a loss in the short term but they wont be slapped with empty homes that they cant sell and these will provide relief to homeowners.
The problem is that banks and investors dont want to let go. |
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