 IM being evicted for a pet,how much time do i have ? |
| Ididnt pay the rent for june,i m moving to new place july 7th, will they evict us by then, im on a monthly contract, and a depositi s in place, ive run out of money and am worried..will the court ... |
|
 How can I prevent problems due to the buyer of our property having 100% mortgage and therefore no deposit? |
| The person buying our house has a 100% mortgage. Due to this there is a risk of them backing out at the last minute due to them not having given any deposit. What solutions are there to this issue. I&... |
|
 Got an offer within 2 weeks of house on the market - take it or hold out for better? |
I know, it's such a gamble! What would you do, take the offer that's slightly lower than what you wanted, or wait for more offers?
Additional Details
Update - We countered, and ... |
|
 What's a fair way to split the rent amongst roomates? |
I live with 4 other roomates in a 5 bedroom house. What's a fair way to split the rent? We've taken bathroom, closet space, and square footage into consideration.
There are ... |
|
 Would you rent an apartment (or house) in Argentina for a vacation? |
| Or if not Argentina, where else would you consider renting? I just want to see how many people would be interested in this type of thing.... |
|
 Apartment problems? |
| i rented an apartment with my b/f i signed a one year contact which is up in oct 20 2007 i cant stand to be with him ne longer..so if i abonden my contract what consequenses will i have?..... |
|
 Renting v Buying? |
A question for home owners or renters!!
At the end of the year I will be moving out from my parents (for the 2nd time) since this time I can now afford it.
However, I am unsure ... |
|
 Empty apartment and these? |
| hi. i'm in small apartment building. there is a apartment next to me and it is empty. now the manager is trying to clean it but leaves the door open!!!! now these strange teens, men, hookers, ... |
|
 My roommate got a $400 credit on our rent because he resigned for another year, should I get any part of that? |
| OK, so the backstory here is that my roommate lived alone for a year in our current apartment before I moved in. He then was offered a $400 resigning bonus to sign another year on the lease. When ... |
|
 Is it generally a bad idea to rent a room from a stranger? |
| i am looking for a place to stay. i have found a room to rent down the street from where i work. the rent is right and everything, but i just dont know what it will be like living with some one i ... |
|
 Is a document legally binding if I signed it when I was a minor? |
| I signed a lease for an apartment when I was 17 because the leasing agent didn't even check my birthday on my drivers license. I hate living here it sucks. Is my lease even legally binding, and ... |
|
 Do I go with CountryWide for my first mortgage? |
| My husband and I have lived in apartments for the past 10 years of our marriage. However with the recent adoption of our daughter, we want to "settle down" into a home of our own. We ... |
|
 What is the best thing to do when you are behind on mortgage payments and you can't re-finance? |
no re-finance because of Bankruptcy
arm loan is up and interest going up to 9.39% and every six months after that up or down a point.... |
|
 Can I get any personal loan from any bank without mortgage anything? |
| Im 25 yrs.indian citizen.can I get any personal loan from any bank without mortgage anything?and if yes,than what is the limit?and what are the requirements?... |
|
 How do i get loan on a forclosure on my house? |
| My husband was very ill this summer he was off work for 4 months so we got behind on his mortgage now they gave us 30 days or forclose and he has lived here for 17 years, how do we get a loan on our ... |
|
 Doing my own home inspection vs. hiring a professional.? |
So I'm buying my first house soon, been bargaining and unless I'm outbid over the weekend, we should have settled on a price.
Now I'm not just rolling in dough, so $300 for ... |
|
|  |
McKayla's Mommy | First time home buyers: discounts, no down payment??? |
my husband and i are thinking about buying a home for the first time. we have heard that first time home buyers can receive discounts. we also heard that we can have an easier time getting a loan and maybe not have to have a down payment.
is someone blowing smoke up my a$$ or is there discounts and help out there for first time buyers? thanks |
 |
 
Sokoh's toy
 |
While Jaidens answer seems the most correct to me...
There is possibly another option. Were either you, or your husband in the military? If yes, there is a VA loan.
I'm not sure of the specifics of it (you'd need to talk to a loan officer to get those) here's what we did:
VA loan
0% down
Seller pays 5% consession for closing costs and to buy down interest rate.
I'd speak to a loan officer directly |
|
charlie
 |
There are discounts right now for first time home buyers - and buyers in general. Getting 100% financing is probably going to be tough now. I haven't heard of any banks doing 100% financing in the past 6 months. Talk to a lender - they will be able to help you find what the best loan programs they have available specific to your needs. Good luck! |
|
That Guy
 |
NO bank will give out 100% financing anymore. You will need at least 10%, and that is if you go with a FHA loan, PLUS fees, and fees for you lawyer. Always ask the Lawyer how much you would have to bring to the closing, the bank wont include their fees, and make sure to get everything in writing as far as the fees go.
Also avoid Variable rate loans, and Interest only loans. try to get a fixed rate, but if you are in a bind, variable rate loans are pretty good, but just know that the rates will increase after 5 years. |
|
jaidens_dad
|
Many incorrect answers on here.
FHA programs will allow you to borrower 97% of the purchase price or appraised value, whichever is less. You will need the 3% down, plus closing costs, plus 3 month of mortgage payments (including taxes and insurance) left over as "reserves". The income requirements are very strict, with no flexibility. FNMA and FHLMC programs are more flexible, but are no longer lending 100%.
There were many 100% and even 103%, 107% programs available at one time; these have all gone away as lenders have tightened underwriting guidelines. You may be allowed to have the seller's credit up to 3% of the purchase price toward your closing costs, which would help.
As far as discounts, the recent legislation enacted gives first time home buyers who meet certain income restrictions a $7500 tax benefit - that could be what they are referring to.
Best thing to do is get several opinions and loan offers in writing, and have anything you are not sure of reviewed by an non-partial expert. |
|
Turd Ferguson
|
This is totally true.You can consider an fha loan or fannie mae.My wife and I did a FHA and we spent nothing as a down payment. |
|
Pogo
|
They're blowing smoke ... no matter how it is worded, you will have to have to come to the table with closing money.
|
|
annie
|
I never got a discount. As far as a down payment, my husband and I took loan out for more than the home. They took extra money used it for down payment. Example: house is 149,999 you would take loan out for 154,999. The 5000 would go towards your down payment. |
|
Mo N
|
i think no matter if you're buying your 56th home or your first, theres always gonna be a down payment.
maybe you guys should be on the show property virgins from HDTV |
|
maxmom56
|
Take a look at www.fha.gov. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
10 | 36 minutes(s) ago
| | | |
10 | 2 hour(s) ago
| | | |
10 | 4 hour(s) ago
| | | |
10 | 6 hour(s) ago
| | | |
10 | 7 hour(s) ago
| | | |
10 | 9 hour(s) ago
| | | |
10 | 1 day(s) ago
| | | |
10 | 2 day(s) ago
| | | |
10 | 6 day(s) ago
| | | |
10 | 2 week(s) ago
| |
|
Homepage 
Financial
Forum 
Renting & Real Estate 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
