 What do we lose if we decide not to buy a house after signing the contract and paying the earnest money? ? |
| The builder's sales representative is just playing with us and we are tired of that. We paid the earnest money and some deposit for upgrades. Do we lose everything? Does our credit will be ... |
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 Is it impossible to finance a home with bad credit..? |
| no bankruptcy, foreclosures, or judgements.. nothing major like that.. just poor credit.... |
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 What is a gentleman's residence? |
| I have saw this describing some property and I'm not sure what exactly it means.... |
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 Hi all are there any legal people out there who can answer a question??? |
| for personal reasons i have sold my house so i am looking to rent a bungalow but my question is. ... If i put down a deposit to hold a property could my buyer pull out and leave us losing our ... |
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 Can the bank come after me if I buy a house and then walk away from current house. I'm $70 K upside down.? |
| I make great money and can pay my mortgage but I would be able to upgrade my house and location for about the same I paid for my current house. I know that I would be hit for 7 years but that is ok ... |
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 Checking credit 4 an apartment? |
what do they look for when they check your credit?
Additional Details
but i mean like where can I find it on my credit, just to save me some embarrasement??... |
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 If you are married and husband wats to sell house and wife does not? |
My husband wants to sell house, I am on the deed too, if I don't want it to be sold, can it? even if he says he going to put it up for sale, and we are married now??
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 Bank of america home loans? |
| bank of american has a special offer on home loans which includes, $0 application fee, $0 closing fees, and no private mortgage insurance ...has anybody used this deal from bank of american to buy a ... |
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 Is $12.78 enough to live somewhere that is $1,055 a month? |
So I work a steady job, 40 hours a week. I make about 900 every two weeks. Would I have enough to afford an apartment that cost $1,055 a month?
Additional Details
I dont have any credit, ... |
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 Single mom tired of renting - NEED HELP? |
I am a single mother of 1, with low income. i have a roommate with good income. But both of us have questionable credit. we pay 1050 for rent now plus all utilitys.
Is it posible for us to buy ... |
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 I paid for an appraisal to refi. Dont I own the appraisal? |
| The first lender who ordered the appraisal came back with ungodly fees and interest rates. I would like to shop around for a better loan. Now other lenders want an appraisal as well. The appraiser ... |
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 Landlord controls sprinkler system, I pay water, is this right? |
| My landlord installed a sprinkler system and waters the grass constantly. Water costs more than gas and electric. How do I handle this!?... |
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loopyhaze | Houses Prices ....? |
Hi,
With house prices going crazy over the past few years, would anybody like to share any good ideas on the best way to get on the property ladder? |
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voodoobluesman
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If you want to get your first foot on the ladder, the Government is doing a new scheme called Homebuy. Basically you buy it in conjunction with a Housing association in your area.
http://www.homebuy.co.uk/
Other than that, there are 100% lenders out there which work on affordability and can make it possible to borrow more, but the payments aren't the cheapest and you have to have reasonable credit history. Let me know if you want to know more.
Good luck! |
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woteva
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Save plenty of deposit, buy a property that will appreciate at a good rate (maybe needing work, up and coming area, even somewhere that needs redecoration you can get extra equity really quickly).
Consider buying shared ownership.
Also, consider buying to let. That way you can continue living in the kind of accomodation you like, where you like, but get a foot on the ladder. (In this situation I mean a buy to let property that would be cheaper than you would want to live in yourself, but within your budget) |
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Caroline
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1. Really save like mad. And i mean save every penny. No coffees out, certainly no dinners. No cinema, pub or any fun. Get a deposit.
2. See if your parents will help out. Many do.
3. Don't wait for a partner for life. Find a house buying partner. Could be good friend/brother/sister/other family member etc.
4. Or even find several people and all buy one house.
Whatever you do, do it through a solicitor so its legal. |
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amanda a
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See how much you can afford on a mortgage and then research where you can buy property in your price bracket nationally. Rent it out and use it as an investment then you can re-mortgage and keep on doing it. The other option is to look abroad and cash in when prices go up. Good articles on http://www.overseasproperty-news.co.uk |
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Ollie
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Hi,my advice your better off not being on it.We give up a lovely council house to buy our dream property.We were only in it 2 year my hubby got put out of work & we nearly lost the property to keep it,he works abroad.The wages are not has high as some people assume has he his on day rate so when he his home he does not get paid.We are very gratefull to the country that give him a job. |
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peter p
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i've recently bought my first property. what i done was find myself a place that needed a bit of work so i got it resonably cheap. then i found out how much similar propertys are and got myself a mortgage + which is a mortgage with a loan intergrated. so my total borowed was the price of a place that was in good condition. i bought the doer upper and used the difference to redecorate. i should hopefully now make a nice profit when i sell |
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JOCK
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Buy what ever house you can, where ever in the country and rent it out. Make someone else pay the mortgage until it's equity increases to a point where you can sell it and end up with a stash of cash.
Generally you can get a buy-to-let mortgage for 80% of the value of a property. Do your research right and the rental income could cover the repayments. |
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COCHYN
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There are things you can do to make a mortgage more affordable:
a) Extend the mortgage term -some go up to 40 years, but beware your anticipated retirement age!
b)Have interest only instead of repayment for a while- you must be disciplined to do this though- I fear that many choosing this route will not change to a repayment method and have no means of paying of the capital at the end of the term.
c)Shared equity and shared ownership schemes
d) You may not be able to be too choosy to get on the ladder- pick some where that needs some decoration work and haggle with the price.
Good luck! |
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ogrendle
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First, Where are you? US, UK Where? If US what section of the country? A lot depends right now on the part of the country you live in. Here in the NE of the US is a good time to buy. we are beginning to see another shift to sellers mkt. |
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armaghmadman
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it is hard to get on the propert ladder for a first time buyer. i own several propertys in ireland which i rent out. unforgently for you it is people like me that drives up the prices and as long as we can afford to invest in property a lot of less well off people cant afford to do so.
i would suggest buying a older out of town property thats needs work done to it perhaps in a not so great neighbourhood "not a complete sess pit either" i would spend a few pounds and a few years doing it up, by that time regeneration will WITHOUT DOUBT" take place in that area which means if you do it right you will have one of the most desireable propertys in the area that you can sell for a handsome profit.
dont be afraid to take a chance i did it with a £30000 house 10 years ago and now have 18 houses with a value of around £4 million |
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Grizzly
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Wait a while, there's a lot of talk about house prices dropping in the relatively near future. |
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