 I am interested in purchasing a home.....? |
I read that you can assume another persons mortgage loan through a bank. Does anyone know exactly how this works? Is it a good or bad idea to purchase your first home this way?
Additional D... |
|
 Washington Mutual for first home loan? |
| I bank with Washington Mutual. Is this where I should go for my first home purchase? Should I give a second look to a broker or alternate lender?... |
|
 Why do most apartments not allow pets? |
| It ticks me off cause you have all of these poor animals in the animal shelter that needs a home.I am responsiable. They make the excuse that a dog will tear the apartment up.Whatever.Humans are the ... |
|
 Need some quick advice!!? |
| tomorrow my fiance and i are going to look at a house that we possibly might buy (first time buyers) and i need some advice on how to talk down the price- finagle- is that the word? please help!!!!!!!... |
|
 Can anybody give me advice as to whether i can rent a house when my name is already on a mortgage? |
| I have decided to leave my partner and really need a place of my own with my daughter any advice would be welcome.... |
|
 Would you buy a beautiful big, cheap house knowing that the drive to work is about 1.5hrs? |
| My bf and I went house hunting over the weekend. We checked out a couple of model homes and he really likes this one house inparticular. It's about 2700sf,4 bedrooms (5 optional), and its ... |
|
 What upgrades can you do to raise the value of your home? |
My husband and I are wanting to do some upgrades to our house, and I just want to know what kind of upgrades will actually raise the value of your home?
Thank you so much!
Additional D... |
|
 How long do you think that this tenant will be a total deadbeat? |
| first month, great pays on time. 2nd month, late, hands me his payroll check(i accepted due to his problems) and cant pay the utilities.. this month, paycheck is torn to pieces(i didnt accept), no ... |
|
 Next step after you evict your tenants? |
| Just got done evicting my tenants (FINALLY). What is the next step in terms of actually getting all of the past due rent they owe me and payment for damages done to the property?... |
|
 How should i go about looking for houses to rent? |
| I'm looking into renting a home for a year in my college town, San Luis Obispo. Any ideas on where and how I should start off looking?... |
|
 Can I qualify for a home loan? |
| I've been working at the same place for a little over a year, making roughly 2500 a month. My wife is graduating this summer with her masters in teaching so we will be making a lot more soon. We ... |
|
| Where is there a beautiful small town in north america? |
| I am thinking of moving to america and would like to find a really nice small town, to move near to, also I dont want the weather to be too cold I would like the landscape to be gentle rolling hills ... |
|
 I live in a private house is it a legal offense for my landlord to go through my mailbox? |
| Im having issues with my landlord and he has been going through my mailbox and taking important mail and putting the mail back in a week or two ... |
|
 Which refinance option is more convenient? (See details)? |
I'm refinancing my home loan. My credit score: 792
At this point I have no equity in the house. I bought it 2 years ago.
Options:
1) 3 year mortgage at 5.875% (... |
|
 Can a person take the real estate exam without going to real estate school? |
| I'm interested in the real estate career but to shortened the question: Can I just take the real estate exam without going to school.... |
|
|  |
GILKA | First Time Buyers can't afford to buy at today's prices, how can the cost of a house go up 40% in next 5 yrs? |
|
 |
 
olgreybuzzard
|
In 1969 the first suburban semi to reach £10,000 made front page news in London`s papers. Since then the price of a semi has risen 50 fold so your expectation of 40% in the next 5 years is an under estimation, it will be more like 60% if the same annual rate of increase at 10% maintained.If the same rate of increase is maintained over the next 38 years as the previous 38, then the price of a house will start at £20,000,000. Unbelievable? That`s what everyone thought back then about today`s values,supping their beer at 8.5p a pint. |
|
newmexicorealestateforms
|
There are programs available to you as a first time home buyer. Don't give up but do some research to see how you can get started. Here are some research links from our research department that might help you get started
FHA Federal Housing Administration loan programs: http://www.fha.com/
FHA Rural Housing loan programs: http://www.rurdev.usda.gov/rhs/common/indiv_intro.htm
US Government Housing assistance grants all areas:
http://12.46.245.173/pls/portal30/catalo...
US Government Grants page: http://www.grants.gov/
US Federal Domestic Assistance catalog for all Federal Programs available to State & Local Governments & the Public
http://12.46.245.173/cfda/cfda.html
All government Benefit Programs http://www.govbenefits.gov/govbenefits_en.portal
Department of Veteran Affairs – Home buying programs for Veterans:
http://www.homeloans.va.gov/veteran.htm
Low Income Home Purchase Assistance (Private): http://www.nehemiahcorp.org/
AFFORDABLE HOUSING CONTACT LIST FROM REALTOR.COM US GOVERNMENT AND ALL STATES: http://www.homefair.com/homefair/servlet/ActionServlet?pid=187&art=contlist&cid=homefair
Low income housing assistance (private) Habitat for Humanity: http://www.habitat.org/
USDA Rural Housing programs & eligibility requirements: http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do
That should give you enough research material to get started on finding a program that will help you get your first home.
Best of luck on your research |
|
Mike
 |
It is not sustainable, if first time buyers can not afford anything then nothing will sell and the prices would have to come down again.
Acemiller~ the questioner is talking about house prices in the UK, where the average property is now around £200,000 which is around $400,000, which is 11 times the average annual wage. |
|
yacharekar
 |
land available is limited, what land god had to make has been made & there will be no more supply of land, so basically the land prices keep going up as there is no new supply, however developers, town planners offset this supply shortage by increasing FSI & making buildings taller, apart & in spite of this there is increase in building costs every year due to inflation, thus in the long run you will always have a minimum increase of 3 to 5% per annum in house prices,
so the b est way to go is start by buying a house at an affordable location of an affordable size through a home loan & thereafter keep upgrading as & how your income rises, that way in spite of paying interest, at the end of it all your house will definitely fetch you the price you have paid with interest. |
|
A G
 |
It can't be sustained as it is at the moment. I think we are ready for some form of correction. Over the years I have noticed that the housing market goes in a cycle of about 10 years. I estimate that it is nearing the top of the graph and not a good time to bye property. Interest rates dictate everything, that's why G Brown put the BOE in charge.
I have been buying property over the years and it does seem to follow a pattern.
This is a personal observation based on my own experiences. |
|
pureinsomniac
|
first home buyers are a dying breed , but you have to go where you can afford the houses , the home buyers grant is said to be doubled which will push the home buyers inland , to the cheaper market , while home buyers on the east coast , and west coast have felt the effects of the housing boom , the inland houses are dropping to a reasonable amount , where the first home buyers are flooding the market , the houses around Western Australia , and the inland comunitities , around the districts which offer reasonalble returns on investors , are being held together quite well , such as communities around , Mount Barker , Kendenup , Cranbrook , Tambellup , and the Winner Katanning , usually places which have the best infrastructure are said to be the new gold mine for investors , and because the rental market is going strong in these area's the buyers are to follow. the downside to these markets particularly around Katanning and Districts is that the houses are historic , and are not to good for the modern homebuyer , but the first home buyer is able to still establish a foot in the door for there first home. before they get left in the cold by the inflation of the housing market. The housing boom which forced the price up , will plateau over the coming months , and you will most likely see prices go down somewhat , when the interest rate rises . you can never tell what the changes will be , thats why it is a market , becuase gaurantees are found elsewhere |
|
Big Bully
|
It cant, and the only people who are predicting the increase are are the people in the business. |
|
Alterfemego
 |
It may and it may not. I'm not sure where you heard that, but with today's market I would doubt it.
If I can answer any other questions, email me. |
|
PATRICK
|
GREED |
|
Jack
|
Because the rich get richer so they can afford to push peole out of areas. Its not a good place to live anymore. |
|
acermill
|
There are plenty of opportunities for first time home buyers to purchase houses. I am a real estate broker, and continue to sell houses to younger first time buyers without problems.
Certainly there are given markets in the nation where houses are very expensive and more difficult to obtain for a first time home buyer, but those markets represent about 5% of the entire nation.
Do remember that home ownership is the American DREAM, and not the American PROMISE. You will need to save your money so that you have sufficient downpayment on a house, which will keep your mortgage payment at a level which you can comfortably afford. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
11 | 7 minutes(s) ago
| | | |
11 | 21 minutes(s) ago
| | | |
11 | 53 minutes(s) ago
| | | |
11 | 2 hour(s) ago
| | | |
11 | 6 hour(s) ago
| | | |
11 | 11 hour(s) ago
| | | |
11 | 2 day(s) ago
| | | |
11 | 1 week(s) ago
| | | |
11 | 1 month(s) ago
| | | |
10 | 6 month(s) ago
| |
|
Homepage 
Financial
Forum 
Renting & Real Estate 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
