 How can i protect myself from apartment staff who hate me ? |
Okay here is what’s going on,
I move into an apartment that I thought was great until I live in it and everything started breaking. I call to have the stuff fixed but they never fixed the ... |
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 Is this legal in a lease?? |
| I just signed a lease for a years apartment. Well as I was reading the lease when I get home (my copy of the the real one that is) I noticed that there is a clause I didn't see before in the ... |
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| We live together, he takes care of my 3 homes maintance & grass, and I cook just about every night, and sometimes even for his friends-but heck when I cook for his friends, he has to clean the ... |
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 Should people be allowed to own two or three homes? |
| Just because people have money, deaos this make it right for them to own two or more homes, when there are lots of young couples desperatly seeking a home, but have been frozen out of the market,... |
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 New Home Loan Denied by Builder's lender- Give up or keep trying? |
| I put a contract on a townhouse/condo in April with an earnest deposit of 5K. I did not have a credit score, I make good money and have been employed for a long time, My parents are putting down a ... |
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 Can you believe they want this house destroyed? |
http://einhod.blogspot.c
its the fifth story down, i know he built it illegally but its so beautiful
it'... |
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 Anyone worried that they will never be able to afford their own home? |
| House prices seem to be rising way above inflation every month. Is anyone else scarred that they may never be able to afford their own home?... |
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 Buying your home outright? |
| Having enough money to buy a house without mortgage...is it better to do just so?..or would it still be better getting a loan?... |
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 How much does a lot cost? |
| A lot that is 200'x200'x200'x200'... |
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| I am not good at making friends or keeping friends. I call myself the loner. I really don't think I need friends. Is that okay?... |
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 My boyfriend is thinking about taking out a mortgage......? |
| I am personally in the middle of a bankruptcy, so I know I would not be able to get on the mortgage. However, I am going to help pay for it because we know we will be spending our lives together. Is ... |
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 When searching for flats, what does PCM next the the price mean? ex. £5,416 (pcm)? |
| I'm using online agencies to find an apartment in London, and some use the p/wk price, while others are listing "PCM." What did this mean?... |
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 Our tenant just informed us that he is moving out a month before his lease is up...? |
| and he wants to know if he will be getting his security deposit back? My husband wants to tell him "no" because we're going to be out a months rent! What do you think?... |
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 I have a noisy neighbor who won't quiet down, what can I do? |
| I have a upstairs neighrbor who at night. usally 12am - 3am, makes so much noise i can't sleep. I've lived in m rental unit for two years, she just moved in two months ago. I've ... |
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 I have no kids and barely enough money to pay rent, bills etc, where can i get help? |
| I live in Delaware. I have no kids and I am not disabled. The job that I have is basically minimuim wage, i have been working it for 7 yrs. By the time I pay my rent, utilities,gas,insurance I have ... |
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danmais | Generally, how much money should I save before I can buy a house? |
Obviously I don't mean buying a house outright, but enough for a down payment. |
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Rosa
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This is easy, you don't want to buy a house, and then be lost in debt. I do not know what your price range is, but you should save a reasonable amount so, when you buy the house you will be comfortable with your money situation. |
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lachelle
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actually, there are tons of programs that you dont have to have any money down. However, you might still have closing costs for your new home which depends on the price of the home, in Missouri we allow about $2,000 for most homes. However, if you have a good Realtor they should negotiate trying to get the sellers to pay the closing costs, or at least have them rolled into the total if you dont want to come up with it all at once. Bank of America is a good place to talk to about loans and money down. If you need a good Realtor, Its me! : ) |
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Homer J. Simpson
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FHA loans requires a down payment of 3% of the purchase price. Conforming conventional moretgages require 20% to avoid PMI. If you put down 5%-19.9999% you have to pay mortgage insurance. However, you can can get a piggy back loan (aka 80/20) that gives you 100% financing. Additional closing costs, prepaid interest, and escrows add an additional 2-5% of the purchase price depending on the price of the house and location.
The important thing is to make sure that you BEAT the fees out of the lender. I usually only pay 40-50% of the fees that the average borrower pays. |
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Gin
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It depends on the type of loan you are getting,and the price of the house.If you are a veteran you can get a VA loan that does not require a down payment.An FHA loan I believe is usually 3 percent of the selling price,plus closing cost.FHA is real strict though.They do a very good inspection on the homes,and the homes are expected to be in tip top condition before they get approval for the loan to go through..A conventional loan is more.I believe 5% to 20% Plus closing cost. It also depends on the type of home you are buying.If you are buying a manufactured home, a bigger down payment is required because manufactured homes are a bigger risk for lenders.They must be 76 or newer,and a double wide. If not the lender will not loan on any mobile that is older than 76 or a singlewide.Let's say you happen to qualify for a home loan of 210,000.You find a home you love for 200,000,and only have enough for the down payment.You do not have enough for closing cost which the buyer is expected to pay.You could offer the seller more lets say 210,000 if they pay closing cost.That way the closing cost do not have to come out of your pocket upfront.It will be put into your Mortgage payments. |
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blibityblabity
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If you can save 3%, then there are a lot of nice first time home buyer programs out there. Also, depending on your area, there are a lot of down payment assistence programs out there. There are also a lot of scams out there, so be careful. |
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T I
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Decide what price home you can afford first. Then figure on a down payment of 10 to 20 percent. But you dont have to put that much down, there are many types of mortgages out there. But down payment will lower your monthly payments. Good Luck |
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saurus3118
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You ideally would have 20% or more down for the best rate. You also need to take into consideration moving expenses...there's always the curtains, rugs, shower/bath items and it's amazing how many things that fit your current home won't work where you're going! Good luck! |
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INACTIVE
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20% will save you from paying private mortgage insurance but realize that a new home isn't only about the mortgage but think about taxes, maintenance, insurance, higher energy costs, water/sewer, etc. Make sure you can afford the home and make sure you have money as a cushion in case of a layoff or illness. You don't want to lose your home to foreclosure by not having a few bucks for emergencies. You don't have to rush out to get a home. Live within your means. |
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Ed W
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More important is your ability to pay. Generally all you living expense; property tax, utilities, mortgage P&I, should not exceed 25% of your gross income. |
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Sheila
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10% of the price range you have in mind would be great. Good luck! |
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timgullette
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Generally, if you can't pay 10% of the sell price, as a downpayment, you will have to pay 'mortgage insurance'.
Mortgage insurance is not financially beneficial for you, because you can not, if I remember correctly, take this payment as a deduction on your income taxes.
So, it is best to have 10%+ up front.
However, if you have less than 10% to pay down, some lenders will give you a 'piggyback loan'.
This 'piggyback' loan is a second loan that you take out at the same time that you take out the primary loan. (The primary loan is the one that coves ~90% of the sell price.)
The piggyback loan is taken out in the amount that matches the difference between your downpayment, and the 10% of sell price.
The advantage to doing this, is that you are not paying mortgage insurance. The disadvantage is that the interest rate on the piggyback loan is several points higher than the rate on the primary loan.
However, the interst on the piggyback loan, if I remember correctly, is tax deductible.
Overall, if you don't have 10% down payment when you go to buy a house, try to get a piggyback loan, as it tends to actually cost you less overall that does paying the mortgage insurance.
Take care.
:-) |
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Blue Jean
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It depends on how large a mortgage you are willing to pay. Between 5% and 10% is a good start for a down payment, but ideally you'd want more. |
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cpa
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There are millions of options. As a licensed real estate agent, I would recommend speaking with a lender in your area that has access to multiple loan options. You may qualify for up to a 103% loan to pay for closing costs as well as the home or need to put a certain percentage down for the purchase of the home. BUT, a good rule of thumb, if you can, is to put 20% down on the home if you plan on owning it for some time. Then you can obtain a conventional mortgage with NO private mortage insurance which will save money each month. But, once again, there are a ton of options and even no realtor knows them all. You need to speak with a lender in your area--and NOT an online lender! |
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didray@sbcglobal.net
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depending on size- $5,000 to $10,000 is a show of sincerity to sellers and yourself remember saving is a sign of dedication and discipline give yourself a reasonable time frame to make it happen and watch your pride increase ten fold...while your saving check on some appliances like refrigerator stove etc most sellers will hike up the selling price if the house come with them. enjoy your new house friend |
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Freethinker
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I'd try to get at least 12-15% of the cost of the house. That will give you money for a down payment, closing costs, and a little money for emergencies (if you have to replace the water heater or air conditioner, for instance). |
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John
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10% of the sale price of the house. Look at housing costs where you want to buy, and figure out the mortage payment (google for mortage calculators, realtor.com has one). That will tell you if you can swing hte payments or not. Then save 10% of the asking price. There are lower down payment loans available, but be leery of them. They end up being very expensive. I got burned by that. |
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Brenna
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Well it all depends on the house you're hoping for and what you expect your budget to be for mortgage payments/rates....b/c those factors will affect how much of a down payment may be expected. I would probably save $10,000. |
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Zeltar
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15% of the purchase price you're looking at buying. 10% of that for the down, and the other 5% for closing costs and misc. purchases you'll need to turn your house into a livable home. |
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Pgybnks
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Well what size house? On average you have to put down 15%. That also depends on the loan you're using and all of that. The % changes...there isn't just one outright answer.
I would say on average you would need about 20,000 to put down. But that once again depends! |
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