 How long to foreclosure? |
| I went through a divorce and recently lost my job. I called the mortgage company to let hem know. Is this something they will work with me on? I can't make the full payment, but can pay about 25 ... |
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 How should I prepare? |
| My boyfriend just bought a house and is asking me to move in with him and pay $500 rent. What should i do to prepare myself in terms of legal issues if we were to run into trouble? Should I ask him ... |
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 Can you please explain simply why an interest only loan is a bad idea? |
| We plan on getting a conventional loan, but have come to a road block. The PMI, with our poor credit score, makes our monthly payments $200 more than we can afford. We paid off a debt, at the ... |
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 I'm thinking of selling my house for sale by owner. Who is responsible for the legal fees? |
| Who is responsible for the legal fees and appraisal and all that comes with selling a house on your own?... |
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 What is the law for people who rent? |
| In NJ- What is the law on if you rent an apartment - does the landlord HAVE TO have a key to your apartment if you change the locks?... |
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 Is it a good deal to buy a new home from a developer who offers incentives only through their lender? |
| We are in the market for a house, and have talked to a number of developers in our community. They seem to offer great incentives, but only through their preferred lender. Is this a good idea, or ... |
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 What is the best way to get out of a year lease? |
| If we just left, what will happen? Does it mess up our credit in any way? we do realize that it would be a reference lost, but at this point, we can't afford it anymore. We've thought about ... |
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 Can anyone tell me the meaning of " buy to flip " in real estate business? |
Additional Details
i will surely give away the 10 points to the best answer, promise. but i should get the correct answer. and a 5 star !... |
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 Help!! Rent just went up $35 dollars with no notice? |
| Can a new landlord just raise your rent with no notice? Furthermore, can a landlord give you a 5-day eviction notice with no previous warning?... |
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 We are new homeowners,is there a grace period till you are late? |
| are house payment is due on the 1st but we cant pay till the 3rd, will this harm our credit and count us late.... |
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 Live in Landlord? |
| I have been living in an apartment for over a year now.Sharing with a gay male. I have no problem with him being gay, i myself am straight. For the first couple of months things were perfect, but ... |
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 Who should pay the bill, the landlord or us the renters? |
| My gas bill came out outrageously higher than in the past. Our gas bill would usually be of 15 dollars, no more than that, but this time it came out of 200 dollars. The gas company came down and ... |
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 Whether verbal agreement is valid in property law? |
| Purchased a residential property with son in law and it was agreed verbally that on sale or one of us moving out that any increase in value would be split between us on basis of what each of us put ... |
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 I'm thinking about leting my home go into foreclosure, to get a better deal on a bigger home. Is this smart? |
| I bought the condo last year brand new for 244,000 and now the builders are selling the same condo for the starting price of get this 189,000 for a 1,743sq ft 3bed 2.5 bath 2car garage. My plan was ... |
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 Do i get a thirty day or sixty days to move? |
| ive been living in my home for six years and i live on a care home property. landlord has just sold the property. so im not sure if there are any other rights i had. nothing was written in my rental ... |
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 Paying down the principle on a 30 year mortgage? |
| On our monthly mortgage bill there is a designated area to indicate if we are paying for principal only (after the initial payment). Do I still need to write a seperate check for a "principle ... |
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Clur 82 | How can I get a big enough mortgage as a single first time buyer? |
I'm a newly qualified teacher, with a student loan to pay off and I'm trying to find a house. They're all over £100,000 and with my wage I can't get anything near that amount. I don't know anyone who I could share with either. Anyone got any suggestions? |
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charlotte l
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key worker housing is a great starting place.
Some mortgage companys lend on affordability now not multiples of your salary so it is well worth talking to an independant mortgage advisor.
Also shared ownership houses may well be worth looking at - at least you could then get on the property ladder and build some equity.
Good luck x x |
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msmarvel123
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Make sure your credit rating is good - that will go a long way. When I got my mortgage, I was approved for 180,000 but was told I could get approved for more. At the time I was making about 65,000.
Check your report and make sure everything is right and you can also see if there are any open charge cards you'd like to close. Go to annualcreditreport.com. You can get a free report from each of the three services once a year. Good way to keep an eye on things is to get one every 4 months from the different companies. |
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claireyC
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Or you could look into getting a part buy, part rent property. There are some really nice ones around. Look out for the new estates that they are building in your area. Whenever they put a new estate they need to put up a certain number of these properties. |
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MSMORTGAGE
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New builds offer a 5% deposit, I can get you a mortgage based on affordability rather than income multiples. In your position you need a broker to give professional advice. E-mail me if you want more personal advice. |
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SUSIE
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what state are you in?
in tx they have a website you can go to casanuevahouston.com and click on city of houston, housing assistance programs to apply. im not sure but other states should provide something like this. |
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jimswainbbmc
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You might consider a co-borrower... the lender will consider both incomes. In most cases they will work with the credit score of the person with the higher income, so you will want to make sure if your co-borrower has higher income that their credit is good as well. Lower credit scores mean higher interest rates, which is a very bad thing on limited incomes. If you think your income will be going up in the next few years, you may want to consider an adjustable rate mortgage. These have low fixed rates for a few years, then begin to adjust, which usually means the rates go up. But you will be using the lower payments to offset lower income in the short term, with the goal of refinancing the loan before the adjustment period starts. An option ARM would give you a few different payment options, which typically include a minimum payment, an interest-only payment, a 30 year payment (or whatever the term is with your lender - UK uses 25 year notes, I believe) and an accelerated payment which is typically half the length of the loan term (on a 30 year term, the accelerated payment would be a 15 year payment) |
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Reaper King
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where do you live? depending on that it all depends on your credit really. salary does come into play eventually but if your score is good then usually you can get a higher loan amount than if you had bad credit. teachers are granted certain leniency in their application process than regular due to your vocation. makes it a little easier for you to close a loan but doens't really increase your loan amount. |
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Steve C
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Try part rent part buy. |
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Norter
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Try applying for key worker housing |
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G!
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As a general guide, Banks will only usually lend about 2.5 to 3.5 times your salary, as this is to ensure you can pay it back with the interest.
Its really hard, but you just need to wait till something comes along that matches your available assets. Don't forget, on top of your bank loan, a deposit can give you a boost. ie 3 times a 30K salary = 90K, and a 10K deposit = 100K.
The property game is difficult, but it moves very suddenly. Keep a careful eye on it. With it moving so much, the 2.5/ 3.5 rule may change. |
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