 Is this mortgage too much? I think my MIL got taken for a ride? |
| Okay, I don't know much about mortgages, that's why I'm here. She purchased a home for 150k and is paying 1500 a month...that just sounds like way too much isn't it? In the end ... |
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 Do I necessarily have to get a loan to buy a house? |
If you have more than 20% for down payment, then is it still necessary to get a loan? For what other reasons would one get a loan to buy a house?
Additional Details
A loan officer is ... |
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 Landlord asking for too much personal info on application? |
| We are looking for a rental. We have tons of assets and the perspective landlord knows this. He gave us a credit application. We forwarded it to him and he then asked for our birthdates. This ... |
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 What can I do about noiseyneighbors in my apartment building? Los Angeles here!!? |
| The neighbors that live below me play music all the time. It thimps with bass and I can barely watch TV or concentrate. I have tried to talk with them, but no luck. I've reported them to the ... |
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 We're renting a townhome from Remax realty in Chesapeake Virginia that has big cockroaches, what will they do? |
| We started living at our new townhome (rental) on the 20th and there are cockroaches. We just moved in 2 nights ago and last night we saw 3 different ones run and scurry across the floor. The realtor ... |
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 Ok.. FHA say's I'm approved for the loan. Closing is Set for this coming Tuesday. Title work has been ordered? |
| They have doen all the paper work W2's, Bank Statements, IRA funds, Credit Reports, ETC.. They called my employers this past wednesday to verify my employement.. Loan officer told me they would ... |
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 On a 100% loan - what costs are the buyer responsible for? |
| I found a house I like while browsing. I had no plans to buy but now I am thinking about it. I have good credit and job history but no savings really. So I would need to do a 100% financed loan; ... |
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 Tips for selling my house myself??? |
| My husband and I would like to sell our house without a Realtor. I understand that the process can be a difficult one. Any tips to make it sell faster? I will appreciate anything, from staging my ... |
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 What advice do you have to offer when selling a home with out an agent? |
| A friend of mine is wanting to sell his home without a Realestate agent. What all should he do? Thanks.... |
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 What's the typical down payment like on a condo? |
| I've heard the 10% figure tossed around quite a bit. I'm realistically looking at something in the $150,000-$200,000 range, probably in Florida. Is 10% pretty much standard or does it ... |
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 How much would we need to earn per annum to get a £70,000 mortgage? |
How much would a bank realistically be looking at us (a couple) earning to grant us a mortgage? What about if just one of us is working?
Thanks!
(Trying to figure out whether ... |
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 If I rent a room to somebody under 21 and they drink alcohol in the house am I responsible? |
I am renting out a room in my house and one of the potential renters is under 21. If he drinks alcohol in the house am I responsible if he gets pulled over?
Additional Details
Im in C... |
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 Is century lending group a scam? |
| they are trying to get money i can not even find their web ... |
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 I'm moving into my first apartment? Any important things I should know? ? |
| Also how does utilities work? I pay the apartment place or do i have to go through the heat, water, and internet people?... |
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 What does `under the table` money mean....talking about mortgage deals dealing with a solicitor? |
| solicitor may have taken 10k less from us, but no solicitor does that without illegal reason hes saying hes charged us or dealt the house at 10k less but its all looking like fraud day by day. dad ... |
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 How much my property worth now? |
I bought my property 2 years ago on £157000/- (2 double Room and 1 single Room+lounge+ kitchen and Bathroom.
For that price i thought it was a bargain. I have inversted £5000/- on new kitchen ... |
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Mosquito | How much more of drop in the price of houses can we expect in the next 6 months? I'm looking to buy. Wait? |
I'm looking to buy in Chicago's NW suburbs. I can wait another 4 months if I need to. Is that my best bet?
What can I expect to pay for a house that is listed for 300k right now in about 4 months? |
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Mike
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Yes. |
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sparky2gig
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Wait for sure. This thing is still crashing down around us. The trade off you will need concern yourself with is the cost saving in purchase price against an ideal location for your interests. What is on the market in competitive areas may not remain there for the interim period. Try and find out more information about the area in which you hope to buy and the homes presently on the market. All the major franchised realty's have on line listings broken down by area, start there and then you might try home owner's associations to see what kind of data they collect on home sales and pricing. It is a buyer's market now, but the bottom has not been found. This ridiculous stimulus package the idiots in the beltway have thrown together is going to be an abysmal failure. Once that passes and the markets continue their erratic tendencies and more and more homes are foreclosed on, you will be in a position to better tell what the local real estate market is going to do. As far as predictions, I wouldn't even venture a guess. We have relatives who just bought near St Louis and paid 107,000 dollars for a house that just a year ago appraised at 205,000. It will really vary dramatically by area. |
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jaye412
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I don't think it matters where you are the bottom has not been seen yet,I think you can expect to see RE value drop even more. |
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abdiver12
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Its hard to predict the future but from what I've read, we can expect the housing decline to continue well into 2009 and even 2010 with price decreases of up to 30%. That seems to be the general consensus even among realtors and mortgage brokers. So I would definitely wait if I were you. I know I am! |
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www.JerryLarach.com
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I would say... just wait a little longer..... The real estate experts say the prices will continue to decline and they will hit the bottom by the the middle of the year.....If you are in no hurry to buy....just wait and research the market 6 months from now and do your homework again. |
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lyon1977
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I work in the liquidation dept at a bank (short sales, deeds in lieu). Calls from IL are starting to pick up, as are they in some other midwestern states. While we haven't seen the drastic drop as california has, it may start dropping more, as the spring purchase season comes upon us and more arms reset. Most, including me, expect the bottom to hit in 1st qtr 2009. I've been keeping track of which states I've been getting calls from...IL is #4 or 5. Ca 1, fl 2, ny 3, az/il 4-5 |
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mary b
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www.money.cnn.com is a great resource during these crazy financial times. Most experts there believe housing prices will drop probably 25% within the next year, and will take at least until 2010 until we crawl out of the abyss. If you see a house you really want, and have a great credit rating [720 or above] and have 20% down payment [most banks and mortgage companies are going back to this model], then stop and look at the rent prices in that area for the home you want to buy. That's what the "experts" believe that 300K home is really worth. Then, offer that amount to the seller. And be prepared to walk away. Remember, you build equity in a home going into the purchase, not after you moved in. Good luck. |
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Riley
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experts expect the houseing slump will begin to flourish in the may june area i would start looking to buy around then (may)because it will be at its lowest possible prices and maybe as the prices start rising you can sell your house for more than you expected. But if you ignorantly wait until may and not pay attention to prices of houses prices rising you may lose the game. Be sure to pay attention to stocks especially the DOW corperation when that starts rising (steadily for a long period of time) you should expect the houseing market to get better. It is better to buy a house for a cheaper price then sell your house for more than its worth in my opinion. Buyers are really desperate right now they want to just get the house off their hands right now . You don't have to buy a house right away, find a house you like, then offer them a very low offer, to be honest if they don't like your price you can find millions of others. |
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Rico
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The real estate market is alot like the stock market, you can't tell the top or bottom. If you're buying a house to live in you have to determine what you can afford, what a bank will loan with a LONG TERM LOAN, and start looking for something you will like and stay in. If you buy something you like and can afford and will stay in, you will make money. But you can't buy just for that.
The government is finally getting around to lowering interest rates so you are in the driver's seat. If you wait then everyone will jump in, prices will rise and you may miss the boat. |
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gobonzzo
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Some are of the opinion the prices will continue to weaken for the next two years. Make an offer of $150k for the house |
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