 Thinking of buying first home, but I have bad credit and no down payment? |
I keep going back and forth:
- I could wait a year and improve my credit and save for a down payment. I would continue paying more in rent than I would in mortgage and insurance, but I ... |
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 Credit crunch and today's interest rate drop - when to buy a house? |
| I'm a first time buyer so for me, the more house prices come down the better. But I'm also worried about missing the boat - I don't want to wait and wait and then find that suddenly ... |
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 As a homeowner, should I sell the house of rent it out? |
| I live in zip code 95132. Rents might go to $2000 for a 1790 sq.ft., 4/2 house. My property, unmodernized, built in 1965, might sell for $125,000 less than last year (now <$600,000) I have an ... |
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 What do you think? Quick question, easy 10 points for best answer!!!? |
| My lease is over this month and i want to leave, rent is gonna raise for all tenants who renew. so i applied for this other apt. showed proof of job,bank account, and current apartment verification (1... |
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 Please help!!!can not find no where to live!? |
| me and my fioncee have been looking for a place to live in apple valley ca since it is where he works at and i have been looking everywhere for listings of houses to rent. i have found some but since ... |
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 Landlord problems? |
I am really un sure what to do about this!!
I moved into my rented rent at the end of February 2008, a month later I got a letter through the door from a solicitors saying that we need to ... |
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 When first buying a house, financially speaking should one go very big or go small? |
| It seems that people these days go as big as possible (really stretching financially, some so much that they go paycheck to paycheck starting on a 0% down ARM)...is there a good reason to go this ... |
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 I chose realty fraud for my senior project...will that put people to sleep? |
| I'm a senior now and I need to choose an interesting topic. what do you think of realty fraud? where can I find good information on it? I couldn't find any. it'd help if you told me ... |
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 How can i rent an apartment without a backround check? |
| Me and husband have tried to rent an apartment but his criminal backround is not good mine is fine and they wont take us because of it what can i do?... |
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 Should I trust a tenant on housing benefit? |
| A young lady has advertised for a flat. She is pregnant and will claim housing benefit. She revealed, however, that she has a partner who works and that she is also working part-time. Will they ... |
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 In Texas, is land lord responsible for providing window units in home with no central air conditioning? |
| I am renting a house in Texas that does not have central air conditioning....is there some kind of 'tenant law' that says my land lord is supposed to provide the window units? Where can I ... |
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| We put new wall to wall carpet in our rental unit before the tenants moved in two years ago.? |
| They have been having trouble with one of their children (smoking cigarettes), and there are four or five burns in one of the carpeted rooms. I imagine the whole carpet will have to be replaced when ... |
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 Rent Increase Do To Greed? |
My rent has gone up 90 dollars in the past year and a half.
Can they do this? And to top it off it has just gone up another 20 dollars while the interest rate has drop?... |
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 Names of manufactured homes dealers? |
| i'm looking for them to be located in G... |
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| I sold my home and my Realtor also represented the buyer. The buyer moved closing date sooner and wants rent? |
Additional Details
My home closed today and the realtor wants me to sign a rental agreement for the days that i will be in the house. I was pressured to accept the 21 early day closing ... |
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Ava | How long should I wait to refinance my home? We bought it 2 years ago.? |
I pay extra principle each month on it and would like to refinance enough to pay off my vehicle and to do some remodeling on my home, painting, etc. I would appreciate all insight. Thanks!! |
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Dan
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There is a great chance you have built up enough equity over the past two years to make this possible. Keep in mind your rate will more than likely go up and so would your payments but it may still save you some money. If your not sure if you have a prepayment penalty you can always check your original documents you signed. Many home owners do debt consolidation like you are considering as the interest you pay on your vehicle is not tax deductible like the interest on your home is. Make sure you consult a CPA to go over the pros and cons. If you need any help or have any questions feel free to email me tadgeman@yahoo.com. |
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Frank M
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Sounds like you need extra cash now &the mortgage is the cheapest way to borrow. In the UK we have some credit cards offering interest free on purchases for up to 12 months. If you need longer term borrowing now the mortgage is the way to go. Make sure you borrow enough. In the UK with fixed rate deals there is usually an early surrender penalty so if you plan to move soon then it's not a good idea. |
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YAY Me!
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Do you have a pre-payment penalty? If not, it all depends on your specific situation: Loan to Value, Appraisal, Cash out....if you want any advice (at no cost & no pressure) I'd be more than happy to help. Just email me & I'll be able to help.
lmunoz@myfclending.com
-Linda Munoz |
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iggwad â„¢
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Have it appraised before you start the process. Make sure you have adequate equity built up. Its good that you pay more on you principle but a refy is probably still going to cost you a couple of grand. Make sure it is worth it before hand. |
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Blondie
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Prime companies want you to have at least 6 months and sub- prime want at least 1 year. After 2 years your good.
Myisha McGowens
mmcgowens_mchase@yahoo.com
Primary Residential Mortgage |
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donna
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anytime that you think that you will save money. I can help to send you in the right direction if you choose to contact me. |
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Loo
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I guess it just depends on the interest rate. If it is going to save you $$ then go for it. |
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MEL T
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Wait until the interest rates go down. If you got your home 2 years ago with a low interest rate, refinancing now would give you a higher payment.
You need to find out if you're eligible for a home equity loan. Call your mortgage company and ask. States have different regulations for this (such as Texas only allows up to 80% of the worth).
Sometimes you have to make monthly decision, but ultimately paying 30 years interest for a car would be a financial mistake. The home equity loan on a shorter term is a better bet. |
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Openthathouse.com
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What is your prepayment penalty if you should have one? Than get some comparables within 5 miles from your home if suburba or 10-20 if rurual.
Calculate subtract the comparable to your Loan Amount that you took on the property than that will be your equity. If you equity can cover your second than yes refinance and get into one loan.
Couple of choices here on options:
Heloc/eloc-Home Equity Line of credit is a revolving home credit card which interest rates flucuant with market rate. So when the market rate changes up or down so does your payment.
Good- is you dont have to appraisal your home and low cost. Great place is a credit union or local bank you currently bank with may or may not waive the fee's.
Full refinance and pull from the equity gained and buy down the rate. You can pull whatever money you need from the equity and buy down the rate with the equity in the home.
So there are some options hope it helps any questions please ask. |
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