 My home was foreclosed and now I need to rent a home, can you help? |
| I have horrible credit. My husband got laid off last year from a great union job. I lost my home the day after Christmas this year. I have 3 children and would like to keep my kids in their ... |
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 Can someone simply explain the mortgage crisis. I just told someone that I read millions are in trouble but..? |
| ..I really don't know what happened. They were given loans & then the intrest rate went to high so they couldn't afford the payment & are now losing their house? Please explain ... |
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 Does anyone worry about the next generation and how they will be able to afford a home to buy? |
| I have a 15 yr old daughter and a 9 year old son. I cannot for the life of me imagine how they will ever be able to buy a home until i die and leave them mine. Even if they get a 'good' job ... |
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 Can I get a decent 1 br. rental for under $1000/month in the u.s? |
| min. 500 sq. ft., full kitchen, close to public transportation and shopping.... |
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 How do you get into the business of flipping houses? |
| Also, is it advisable to start a business solely for buying houses and flippping them for a profit?... |
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 Is there any way I can avoid paying capitol gains on selling my home??? |
I have owned my home for only four months. My job is taking me elsewhere and need to sell my home. Any way to get around capitol gain taxes??
Additional Details
Purchase price of home ... |
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 How can you find out what your home is worth? |
| I don't really want to pay for an appraisel, I am just curious.... |
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 Ihave lousy credit, my broker got me into a loan i could not afford or qualify for? |
| the bank never veried the phoney income statement. after i questioned the bank about why they gave me the loan we found false bank statements too. what should i do?... |
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 Is it a stupid idea to slowly start buying small things for your future home to save for when you buy it? |
| My guy and I are starting out together with a little bit, but we would like to soon get a home together, and I have always wondered if starting my own little hopechest would bve a good idea, getting ... |
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 Someone please answer? |
| i have a question about a co-signer? I am trying to get a apartment but i need a co-signer. Does the co-signer have to pay any fees in order to be a co-signer? I have a lot of money saved up to pay ... |
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 Is This A Scam?? |
the following answer came back in response to an apt rental query. Tell me what you think..would YOU take this guy up on his offer?
Hi,
My name is William James.I am in my ... |
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 Sell Real Estate? |
I'm looking to Leave my change careers and sell Real Estate. Is is true about the earning potential?
Additional Details
I live the NY, NJ, CT area.... |
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 Can the HOA make me change my the color of my house? |
| A couple of years ago the HOA gave me their approval to change the color of my house. They have picked new colors and won't let me do any touch ups. They want me to paint my house a color on ... |
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 Breaking a lease? |
| My daughter recently signed a year lease with her best friend, after living there for 3 days the friend moved out, my daughter ran an ad and found a roommate after a month, now the friend is suing my ... |
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 Can theses two credit scores get into a house? |
| 656 and 660?......Can we get a loan?.How much of a loan can we get?... |
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suzy | How do i get a mortgage? |
will be my first time but not sure how to go about it any advice please |
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Huge
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First and foremost find a property that you think you can afford, then put in an offer and if accepted apply for a mortgage. You cannot get a mortgage without having first identified a property to buy.However, you can get an offer in principle based on your income. You can even do this on-line see: http://www.thisismoney.co.uk/ . If you think you cannot get enough on mortgage on-line then go see a FSA licenced financial adviser. Northern Rock is doing some great deals for first time buyers. |
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newmexicorealestateforms
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I'm assuming that you mean you want to get a loan to buy a property and if so, you'll need to know the language of the industry before going out there and getting one so that they know you know what you are doing.
When you get a loan, you will be asked to sign a promissory note and a mortgage (two separate instruments). The promissry note establishes the debt and the method and terms by which you will pay it back. The mortgage instrument is the instrument that you will sign and provide to the lender that gives the lender permission to take you to court in the event that you default on the promissory note so that they have the right to take your property as payment for the debt created in the promissory note.
My advice would be to work with a reputable real estate licensee that will hold your hand through the process of qualifying, finding the property, acquiring the loan and the closing of the purchase. To learn more about the intricacies of first time buying go to http://www.realestateformnm.com/ResearchLink.html
Buena Suerte |
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Justin Lair
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Listen to the Dave and J Show. these guys cover all you need ot know about being a first time home buyer. They tell you what type of questions to ask to keep you safe and they are always there if you need advise. they are great and have tons of experience in the industry. You can listen on the web at www.daveandj.com or on iTunes. Good luck! |
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CJKatl
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There are many types of organizations and individuals selling mortgages. You need to shop around to all off them.
Mortgage Bankers are companies that lend their own money. Mortgage Brokers arrange a loan for you but do not lend thier own money. And finally, Credit Unions and Banks are also a good source for mortgages.
After you have checked your credit report and scores, corrected any mistakes, and done some basic research (http://www.hud.gov is the best place. Also look at http://www.bankrate.com, http://www.fanniemae.com, and http://www.freddiemac.com.), start calling around. You want to contact at least two mortgage bankers, two brokers, and one bank/credit union and compare offers. And at this point, don't let them pull your credit. Give them your score over the phone and let them give you that day's rate and points. Once you choose the best offer, then allow your credit to be pulled.
Recently, I was pre-approved for 6.85% on a 30-year fixed on the company that has my present mortgage. By calling around, I was able to find a 5.75% loan instead. Don't depend on a single broker to do this for you. The broker gets paid more by talking you into a higher rate. Call around yourself. Let them know you are shopping. Make them earn your business.
Once you decide on a lender, get a good faith estimate. This will tell you what you are paying for when you get the loan. Then question any changes that happen on those charges as your loan travels through processing and underwriting. Loan originators love to tack on charges. Don't let them get away with that!
Also, see if you qualify for any loan programs like FannieMae's MyCommunityMortgage, which is based on income or neighborhood. This can save you lots of money every month.
Best of luck! |
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londonplaything
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Getting a mortgage sounds very complicated but it is not as bad as you would imagine. Here is a little check list that gives you an idea of the things you need to do:
- make sure you are on the electroll roll
- fish for properties and get an idea about the prices of the property you want
- check your finances and see what you can afford
- have an idea of the mortgage type you want (are you full time employed or self employed)
- see how you can prove your earnings
- make sure you have at least 10% of the property value for deposit
- don't forget about the stamp duty, valuation and soliciters fees that you need on top of your deposit!
- contact a mortgage broker (estate agents often have their own ones)
- get a mortgage promise from the lender so you can see how much you can borrow
- go back to the estate agent and start looking for properties and find the one you like
- make an offer and negotiate with the vendor on the price
- leave the rest up to your broker who will tell you what paperwork you need to get as you go along.
The whole process takes time so you need to get rolling. |
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James
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I have a list of some good websites offering Mortage Loans with low Interest rate and fast approval. Its a policy voilation of yahoo if i post any link here.
Just mail me at solidoffer11@yahoo.com with subjet- Mortage Loans. I will send a link of best website where you can find best Loan offers,tips and resources.
best wishes |
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katie s
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we just obtaned our first home loan. First, we saved about 22,000 for down payment and closing costs, decided what amount would be affordable to us,taxes and insurance included as well, checked our credit and outstanding debt, based our price on my husband's income alone, prequalified for our price range thru our bank, picked a property, got preapproved, then once things were hammered out between us and the seller, we applied for our loan. which we got. It's nerve-wracking and there are many unexpected costs involved beyond the down payment, so be ready and good luck! |
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Mark J
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Find a mortgage broker who will advise you on all the different types of mortgage. They will take you through the application process and what is required.
Go to an estate agent and they maybe able to advise you or do a search for mortgage brokers in your area. Make sure they are independent for the best advice. |
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csapdani
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I think this is just what you are looking for: |
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