 If his name is just on the title, not the loan of the house, do I need his sig. to sell/rent the house? |
| The mortgage co. won't even discuss business with him unless I send permission. So what does his name REALLY mean on the title?... |
|
 Can i charge my lanlord rent for a vehicle he has stored in my backyard? |
| my lanlord has an old truck sitting in my backyard. we're not able to use any part of that area. can i charge him rent or storage?... |
|
 How do I get cash at closing? |
Additional Details
when purchasing a ... |
|
 Why do mortgages or interest or whatever you call it go up overtime? |
| I ask my Mother why we have to leave our beautiful home, the home that I lived in for almost my entire life she said something about mortgages-- now why do they go up? and why is the bank like that! ... |
|
 Do you automatically start making commission once you get a real estate license? |
Tomorrow I start a real estate class hoping to become a realtor part time until I am making enough money.
I have a friend who took this same class and automatically started getting ... |
|
 How much noice do I need to give my landlord, if i decided to move out of a house i share with 2 other people |
| ive been living here a month on a six month contract but want to move in with a friend, it'l mean i lose my deposit, but i dont think she has any hold on me, even having a contract that i want ... |
|
 Should I consider and interest only loan? |
I am first time home buyer.
I am interested in the interest only loan.
After the three years I can handle the increased payment.
Money is tight right now, though.
In the future ... |
|
 Would it be smart to look into a house? |
| We are currently living about an hour outside of Cleveland Ohio. In 2003 we purchased our condo for $80,000 with a three year fixed and then it went to an adjustable rate. So, last year, we ... |
|
 Why would a Savings Institution prefer to lend borrower at fixed-rate instead of adjustable-rate? |
Savings Institution bears less interest rate risk if they lend money at fixed-rate, but some institutions prefers adjustable-rate, why?
Additional Details
What if the market has upward-... |
|
 My sister and her husband want to break their lease and move out of their apartment? |
| she asked me could they do that i told her its best to wait until your lease is up than to break it would they be libable to pay more money how does this work so i can explain this to her need some ... |
|
 If I get evicted or break my lease in my state, ? |
Will it show up if i move to another state to rent?
Additional Details
It may not go on my credit report. I have an eviction on my record, but it only shows up through the city records. I... |
|
 I need HELP with my mortgage payment.....? |
| I bought my house on 4/06 it has a year already, in Florida the real estate business went down so what I paid for my house $235k is not the value of my house right now. My husband lost his job and ... |
|
| What do you think about the Realtors and Mortgage brokers? |
| who are trying to sneak their advertising in here?? Isn't that breaking the rules, guys and gals????... |
|
 It doesnt say about pets!? |
second question if a rental advert does not say anything about no pets, then is it possible to have a pet in a rented house?
Additional Details
my pets a 1 year old springer spaniel, ... |
|
 I lived in a apartment for over 10 years i moved out during the 11 year with out notice can i be held for brea? |
| i lived there for over 10 years i moved out with out notice and i was told i still have to live up top lease signed over 1o years ... |
|
| Apartment question need help asap? |
| I applied for an apartment with my two friends and brother and we got approved. One problem, we have to sign the lease by Tuesday and the current tenants are not moving out before then. Is it normal ... |
|
 Council tenants? |
how easy is it, to exchange council homes? i live in north east of scotland, but i want to move to another town, so that i am beside my family.
is it just a case of contacting the council?
... |
|
 How do I ask....? |
| My fiance and I are planning on moving within the next couple of months. However, hes got a job where he works undocumented (off the books). How do I ask a potential landlord if they will accept a ... |
|
| Rental equipment problems! what would you do? |
| i rented a man-lift from a company i told the guy what i needed it for he recommended this certain lift. they assured me that it worked!! got to the job site and it would not work, and on top of ... |
|
|  |
alfeebester | How to start the home loan process? |
My husband and I are just starting to think about purchasing a home. However, I don't know how to get started. Should we go find a house we like first? Should we call a realtor? We probably won't be buying within the next 90 days. It is more like a longer term goal- maybe 4-8 months in the future or even longer. We just want to know what kind of loans we can get and what all of our options are.
Should I be talking to lenders or real estate agents? Where should we start? |
 |
 
Alterfemego
 |
I advise my clients to talk to several local lenders and have them pre qualify you. That way you know what you can afford and you can think about the programs each has to offer and make a selection based on what is best finanically for your family. Next make a list of the things your family "has to have", and a list of "would like to have" in your home. Before you are ready, try visiting some open houses in the area you like. Be honest with the agent that you are just looking for now. If they ask for your name/number etc, simple tell you aren't ready to share that information. Ask them interview type questions, how long in biz, what they know about the neighborhoods, etc. If you find one you like and feel comfortable with, then you decide if you wish to share your information and ask them to help you. Some will needle you to no end, but just be firm. You really are doing your homework on them at this point. Once you are ready, select the agent, call them to schedule an appointment to discuss what your needs are, give them your lists and give them a chance to schedule some showings. You are in no way stuck with an agent. If you aren't satisfied, tell them and why, if they don't correct it, then tell them your relationship is over. And find another agent. If you aren't comfortable enough to ask questions about each step, even some you may feel are dumb, then they aren't the right agent for you. I've been in this biz for nearly 20 years and I haven't handled every scenario and don't have all the answers. But if you ask me, I'll share what I do know and tell you if I don't know.
I think I have rambled on enough. This should be a good start for you. I wish you all the best! And thanks for being in the market soon! We need al the buyers we can get. |
|
Arkansas hunter
|
Take all you pay receipts and such, then go get preapproved. This way you will know ahead of time what you can afford to get. Also, once you get that figure, start checking out foreclosure sales and tax selloffs in your area. |
|
golferwhoworks
 |
contact a mortgage broker in your area and get pre-approved so you know how much home you can afford. If you are not doing this for several months in the time being put away as much cash as you can as you will need reserves that are in the bank now so the lender can make sure you can service the debt. Also understand this--- the Mortgage industry is changing daily and what you are approved for today may not be the same when you go to buy. Always buy less home than you are approved for as the max is just that and you want to be married to your husband and not a mortgage. Money problems are the first cause for divorce in the world and you need to be able to enjoy life with less stress so you can love each other and not the bricks.
I am a mortgage banker in TN & KY |
|
David Beasley
|
Get with a mortgage professional who KNOWS how the lender guidelines.
The lowest down payment/lowest rate lender today is FHA.
FHA requires:
1) 580+ mid score (or NO score with written letters of credit).
2) Gross income MUST be MORE than 2X the mortgage payment + all bills on credit
3) 3% down, but for the moment, down payment assistance programs are still out there.
A LOT depends on your situation. There are exceptions that are available for this and that if you don't fit the exact mould. That is why you need a pro who can indentifly COMPENSATING FACTORS to an underwriter to help close your purchase.
These are:
1) job stability
2) year over year growth in income
3) 3% of your own $ as down (down payment assistance adds risk, risk is not good)
4) paid off collections
5) paid off/down credit cards
and many others.
FHA loves a good story, so get with a mortgage professional with your paystubs/W-2s/bank statements who knows what an underwriter wants to see!
Best of luck! |
|
Fire-n-Ice
|
Find an independent mortgage broker in your area. Someone who represents more than one lender and who can present you with some options. You have much more bargaining power in the purchase process if you are pre-approved for your loan prior to looking at any houses. Also, you will already know much much of a loan you can get so that you can shop in the right price range. Plan on NO MORE than 25% of your gross monthly income for your mortgage payment. Some lenders will go higher but don't do it. Also, check out the Fannie Mae or HUD websites. There are several educational publications for first time home buyers. Lastly, check your area for homebuying seminars. Many lenders put on free one day seminars to lure in business prospects. Attend and learn but don't feel obligated to use a lender just becasue you went to his seminar. If he writes one loan out of the whole class he's more than made his money back. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
9 | 40 minutes(s) ago
| | | |
9 | 3 hour(s) ago
| | | |
9 | 7 hour(s) ago
| | | |
9 | 1 day(s) ago
| | | |
9 | 2 day(s) ago
| | | |
9 | 4 day(s) ago
| | | |
9 | 1 week(s) ago
| | | |
9 | 1 month(s) ago
| | | |
9 | 2 month(s) ago
| | | |
9 | 3 month(s) ago
| |
|
Homepage 
Financial
Forum 
Renting & Real Estate 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
