 How much rent can I afford? |
| I am currently making $10.40/hr as a full-time working 40-hours per week. The bills I currently have are one credit card which I barely use, and when I do, its not more than $100 until I pay it off. I... |
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 We're thinking about moving to California? |
| Any ideas of a decent place to live for a newlywed ? In terms of neighbourhood,apartments,houses,cost of living etc etc. We are open for any realistic ... |
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 My landlord says I owe him much more than the receipts reflect. Are the receipts admissible evidence in court? |
| My landlord had been keeping a running tally of what I owed him on my receipts from the time I moved in (3/06) until the end of 2006. I lost my job at that time and didn't make a payment to him ... |
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 I am about to give a SHADY landlord a 30 day notice. Should I have a witness present to prove she recieved it? |
OR do landlords typically have some sort of reciept for this?
OR should I make another copy for myself and have her sign it?
ahhhh i dont know what to do because she is going ... |
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 Is there a reason why our condo isn't selling? |
| newer development in michigan 3/2.5/2 we have it listed for 24,000 less than what we bought it for, and are willing to sell it for what we owe, the carpet is the only thing that needs to be changed. ... |
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 Are landlords require by law to pay certain amount of money yearly to fix their rented house or aprtments ? |
Additional Details
is an old breaker that is on the house,keeps putting off the electricty , can it cause fire , or be hazzard ?... |
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 My ex-husband and I leased a house together. Now he has run out on me. Can I sue him for this? |
| My ex-husband and I leased a house together. Now he has run out on me and left he stuck with the house. Can I sue him for his part of the lease payment?... |
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 May I evict my husband's girlfriend from my house? |
| We're getting a divorce. We own the house together. He lives in the house for now. He pays the mortgage, gets the tax break and we divide equally the upkeep expenses. Now, he's moved the ... |
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 Would you buy a house that you know someone was murdered in? Thanks.? |
| We are considering buying a house that is now in foreclosure, but we heard that a recent murder took place there. A teen killed his mother! Then, left her in their pantry for a week before anyone ... |
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| I am on a 30yr. house loan so my house will no t be paid off until I am 65yrs.? |
| I would like to get my house paid off by the time I am 55yrs. I am presently 37 yrs old. What should I do to accomplish this goal?... |
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 It's been two months since I moved out of my last apartment, my landlord has not returned my security deposit |
| My landlord have not returned my security deposit or charged me for an damages. I called her to remind her that I have not received my security deposit. We cleaned the apartment, shampooed the carpet,... |
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 Do I need a lawyer for closing on my house? |
| My husband and I are closing on our first house on Friday. Do we need a lawyer to accompany us? Thanks!... |
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 Apartment...upstairs or down? |
I am going to be moving into a new apartment in the next few months and I am undecided if I should look at a down stairs or up stairs apartment.
At the moment I live in an up stairs, so I am ... |
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 What would your starting offer be? |
| The house is listed at $169,900. It has been on the market for about 200 days and was originally listed at $179,900. It appears to be in good condition (current owner is a carpenter) and looks modern ... |
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 I have rent in arrears and won't pay as I'm gonna leave the UK permanently? |
What do I risk? Interpol searching for me?
Additional Details
I rent from an housing association, notb a private landlord, and they doubled my rent x2! I can't afford it and need ... |
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quepasameng | How to get a mortgage with everything working against us.? |
The house we want will probably cost 300k. This may sound expensive but where we live, you are lucky to find a property this cheap. Anyways my parents have bad credit and we cant come up with 20%. What options do we have?
Additional Details
sorry but where we live..thats very very very very cheap for a house in a safe neighborhood..
plus we are paying more or close to rent than what the mortgage would be |
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Heather V
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Wait and save up the down payment. Rushing to buy a home with little or no money down is a disaster and usually ends in foreclosure. |
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Real Estate Guy
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Talk with a lender. What you think is bad, may not be.
I would go with FHA in this price range. They only require 3% down. And you could see if the seller will pay the downpayment and closing so out of pocket to you is $0
In regards to the people that "say" that you have to have a large down payment. WRONG!!!!!!
What is most important is being able to afford the monthly payments. You could put 50% down and still not afford the monthly payments. Your TOTAL monthly mortgage payment should NEVER!! be more then 28% of your total gross monthly income. And you should use only regular income (not a part time job, etc). |
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Judy1
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Wait a year or two, and in that time save everything you can so that you'll have a down payment plus closing costs and will have a better chance of getting a mortgage.
You don't mention what YOUR credit is like - while you are saving your down payment, try to get or keep it at a high level.
Good luck. |
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Big daddy
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depends on what the definition of bad is. Fha is an option as you only need 3% down, but you will have mortgage insurance, and if your parents credit is bad, it could be pricey, www.fha.com, www.fha.gov, good luck |
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Beth
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Fix the credit, save money, and wait. Prices aren't going up any time soon. |
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John L
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In this credit crunch you are SOL. You know what that means. |
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drewxjacobs
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Buying house for most people is the single largest investment you will make. Therefore, any reputable lender needs to know that if they lend money to you to purchase this house that you are secure enough financially to pay for it according to the terms.
Buying what you cannot afford today only spells disaster for the future. This is why there is such a glut of foreclosures on the market today.
I'm sure you don't want to hear this, but the best thing to do is save your money, live on a budget, get your credit in shape and then buy a house. Do not rely on other people to get the credit for you or even the down payment. |
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estielmo
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Get second jobs to save more money.
Cut ALL non-essenial spending such as cell phones, net access, cigarettes, cable/satellite TV and start shopping in second-hand stores and yard sales.
During the next year or two clean your credit up.
Look for a smaller house (most cities allow two persons per bedroom).
Look for housing in cheaper, less desirable neighborhoods. |
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summersnow
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Buying now isn't necessarily a bad idea. Lots of investors are buying property now...those who have the money to. Buy low, sell high, right? Now, getting a mortgage is the hard part. As long as the property will be a primary residence, there is still 10% down available. Of course, you have to be well qualified...little debt, relatively good credit (doesn't have to be perfect) and a good paying job...even then, lenders are getting veerrrrry picky (that's an understatement) so go get pre APPROVED (not prequalified) for a loan before you go under contract. That will make your offer stronger and also give you exactly how much the monthly payment will be...make sure it fits into your budget...mull it over. Buying a house is a big decision, and you need to make sure you are making a good one. We've already seen what happens when people make bad decisions regarding purchasing real estate, but that's not to say you shouldn't buy a home if you truly are in a good position to. What's with the "parents have bad credit" part? Is it that mom and dad have the money, but you have the credit? |
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src50
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If "everything is working against you", what exactly does that mean? You can get loans for less than 20% down but you still have to qualify in terms of credit and income. |
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blogdog123
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Your best bet is to contact a licensed Mortgage Broker whose company is FHA approved.
This person will find the best FHA lender available.
FHA generally has no credit score requirement, but some lenders will require a 560 to a 580 score. How ever there are very few lenders that will comply with the no min score option. A Mortgage Broker is paid to do the searching for you. They should know their lenders and loan programs.
Also FHA has replaced subprime loan programs for people with credit scores under 600.
FHA loans require only 3% down. In addition, they could go with a Nehemiah down payment assistance program and they will pick up the other 3% and could get you in a home with no money out of pocket.
There is also a rural development loan program, formally called U.S.D.A. Generally this program is not for bad credit but they do go down to a 600 score. This is why you need a Mortgage broker, to research the best loan program to fit your needs. |
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godged
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It depends on how bad your parents bad credit is.
But if they have bad credit and little down, the chances of them getting a mortgage is significantly reduced. |
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boilerette72
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Renting is a good option.
The "dream" of home ownership is a farce... it ain't worth it. Rent, save your money, and fix the credit problems.
I have owned two homes, sold one and made a killing, bought the second, sold the second, lost all that killing money b/c of the crappy market. now I rent, and I am so much more financially better off b/c my mortgages+condo dues were 2x the cost of a comparable rental. |
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Dan
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Do every thing that you can to save money and to make your credit score as good as possible. A $280,000 mortgage will be pricey so I hope you have a good job. Don't incur any debt. What ever you do, don't fudge on the loan application.
Regards,
Dan |
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HIGH SHAMAN
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Well, not to be mean ... BUT; have you ever thought of moving to a less expensive area ... that is safe ?
I KNOW that there are homes out there that are in the $100,000 -$200,000 range that are good homes and in safe areas .... Probably just not as fancy and showy , to be honest ..as YOU ..... WANT ....
You can get an FHA Loan for about 5-10% down .... just shop around for a Direct Lender and NOT a "Mortgage Broker" and it will save you several Thousand in Closing Cost for the "Broker fees" ....
Also; Talk to some of your local INDEPENDENT Banks ..as they usually have money to invest Locally ....
Good Luck ...... |
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lee h
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try lending tree your exposed to many lenders some one may like your loan especially if you have been paying rent for some time equal or greater than your mortgage might be |
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