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 Should I sell or rent my townhome?
I have just recently married. Both my husband and I have townhomes. His is larger than mine so I will be moving in with him. We are currently trying to decide if I should rent or sell my townhome. ...


 What do I need when I move out?
Im moving out of my parent house and with two roomates (i.e. my b/f and his best mate) and Im drawing up a list of the things that we may need when we move out, but my mind has gone totally blank......


 My husband and i put or house up for sell but its not selling?
does anyone know what and how you go about the bank buying it back
Additional Details
does this ruin your ...


 We are going to buy a house soon and want out of our apartment lease. 2 months left.?
We moved in our apartment mid-March. We like it but hate it. I've been looking for houses for almost a year now, just so we would have something after we move out. Well, we found this AMAZING ...


 Interest only Loans Good Idea or no?
I have an 80/20 ARM that will adjust in July of 08. I am currently looking at refinancing my loan. I bought my home in a small town that is growing fast and building way bigger homes. I have owned ...


 Is this illegal for landlords to do or perfectly ok?
So I've been hunting for a somewhere (non apartment) to rent since March and so far have been unsuccessful for various reasons. Yesterday was a first for me though. So a 3 bedroom house was for ...


 What kind of things should we do to get a good appraisal on our home ?
we are refinancing our home mortgage and we have to have a new appraisal done since our old one is a year old. what things will the appraisal be looking for when they come.
Additional Details


 Is it true that once a home for sale is listed and has an MLS number..that a buyer cannot offer to pay more ?
the house is listed for a price...but i am willing to pay more than the listed price because i want it so much..is it legal to offer the seller more or must i stick with the listed price?...


 Landlord tenant rights?
my super-intendant lives across the hall from me and one day she comes over and knocks at my door and claimed that it smelled like pot, She also mentioned that she did not mind she just ask that we ...


 If I make $30,000(CDN)/year....?
In order to be approved for a mortgage, what is the most I could afford?
Additional Details
I have no debt and I have no bills under my name and never have before. I have a driver'...


 Any advice for my Open House?
I am dreading the Open House, but we have found a house we really want to move to, so now we desperately need to sell our house. Any advice, tips or suggestions for a successful Open House? I ...


 Should I run if my realtor wants the down payment, first and last mo. rent in cash?
They won't take personal, bank or cashier checks. They haven't told us we need cash until now... What should I do?!
Additional Details
They did offer to give us a receipt but I...


 "Utilities included" question?
So I sublet an apartment for a month from someone. The ad for this apartment said "utilities included." She moved out, I moved in, things were peachy.

Yesterday, I found a post ...


 Ive just got a mortgage and my monthly payment is £800 without insurences?
it is a repayment fixed over 30 yrs on 130,000 is this ...


 Any 1 Know Of A Good Way Of Reducing Mortgage Payments Without Changing The Lenght Of The Mortgage?
...


 Hi I live in private accomodation, London UK, i have a baby 1.5 yrs old?
and theres no heating in the bathroom which is sooo cold, and theres mould growing everywhere and a smell of damp.
are there legally bound to any civil statues here, do I or my child have a ...


 Why won't "home owners" that couldn't afford the loan in first place take resposibility for themselves?
instead of blaming it all on the system or mortgage lenders?...


 Real Estate help?!?!?
Can anyone give me a link to a few sites or one good one that has listings of Fixer-upper type homes for sale? Basically a site that can give me specific options (acreage, woods, condition, etc)
...


 Is it legal for apartment places to charge different rent to different people in the same apartments?
We have 5 girls living here and we each pay $300 per month, the people below us are paying $275 each per month for the EXACT same apartment... we moved in on the same date and it really just doesn...


 I am a co-signer for a house how do i remove my name off of the house??
my step father is way behind on the payments im in the military so i don't live there or in the area where the house is in. its messing up my credit really bad what should i do or what can i do ...



dally
I'm 23 and want to take the first steps toward buying a home. Any advice as far as great websites, etc?
                     
 




jamesnbarnes
Rating
A really good website about mortgages, which is probably the next most important thing beside property location, is
http://www.mtgprofessor.com/
This professors website is full of accurate and good advice on pretty much every subject.

From my website here is my advice for First Time Home Buyers:

What First Time Home Buyers Need To Know
If you are interested in buying your first home, don't allow myths to dissuade you from trying. The truth is that with home prices increasing, it's a little more difficult for the first-time homeowner simply based on price. However, with so many options available, that doesn't mean you can't qualify for a mortgage loan. You just need to know what to plan for and what questions to ask.

Studies show that many potential homeowners believe they can't buy a house when in fact, there is strong possibility that they can. Close to 15% of people living in the United States state they would like to buy a home within the next few years but believe from a financial perspective, they won't be able to. Another 10% state they can afford a home but for other reasons, probably won't buy for a while.

Here are some myths:

In order to qualify for a house, you need 20% down - WRONG
Lenders are required by law to provide you with the best possible rate for your loan- WRONG
You can't qualify for a house if you've been with your current employer less than five years - WRONG
Your credit must be perfect - WRONG
Mortgage interest is not tax deductible - WRONG
The truth is these are just myths. Now for the truth:

More and more innovative mortgage packages are being created, offering the borrowers options between 3% and 5% down. Some buyers qualify for ZERO DOWN HOME LOANS. For first-time buyers, it's in your best interest to do some serious comparison-shopping.
Every lender works with its own rates bases on their standards as well as the type of loan being considered. Rates change literally every day AND are based on your Debt, Income, Credit & Equity (DICE).
Job stability is important but the five-year rule is merely a myth. For example, if you have worked in public relations or some other industry for 10 years but have had three jobs in that time, because you've stayed within the same business, lenders will often consider this as continuous employment, especially if you've made advancements. In most cases you can even switch fields entirely if you are getting more income and growth potential. In addition, solid credit and a larger down payment can compensate for work history in some instances.
It's true that credit is very important when qualifying for any loan. (You can close one day after completing a bankruptcy these days.) However, if you have been out of a bankruptcy for two years and can provide a good letter of explanation to the lender, they will usually accept that. Generally, this can be done in as little as 12 to 18 months.
As you make your comparisons of the financial benefits of renting versus owning, be sure to consider tax deductions. When you buy a home, the closing costs, mortgage interest, and points are all tax deductible.
The best things a first-time homebuyer can do are conduct research and ask many questions. Remember that buying a house is never easy for anyone. However, interest rates are currently lower than they've been since the 1960's so if you can buy a house, this is probably a great time.

With being a first-time homeowner, there are many questions you'll want to ask. It's easy to focus in on the size of the rooms, the structure, the lot, but there are other options to consider - things you need every day to live. Here are some examples:

Public transportation - If you depend on public transportation then you need to check into what options are available in the area you are interested in looking.?
Aging parents - More and more families are taking care of elderly parents, therefore, you should think about any special needs as you start looking.
Public safety - What is the crime rate in the preferred area? How close are public services such as police, fire, and hospital? Parking - Will there be any issues with parking? If the house you're interested in doesn't have a garage, is there ample off-street parking?
Utilities - This is an important finance to look at. Usually the seller can provide copies of the past few months for you to review, giving you an idea of what you would need to budget for.
New communities - If the area you want is in an entire new community, what recreational amenities are offered? Is there a clubhouse? Pool? Playground? Exercise facilities?
Property taxes - Some tax rules provide special benefits for veterans, elderly citizens, and even long-time residents. You should inquire what these benefits are and whom they cover.
When you get to the point of being serious about buying a house, these are the steps to follow to make the qualifying and purchase as easy as possible:

Establish good credit habits and cleanup any unfavorable reports.
You should start saving for the down payment, closing costs, and extra for any hidden expenses. Don't forget about utilities, moving expenses, and items needed for the home.
Research and read. Go to your local library and read up on as much as possible about financial management and home buying.
Start looking at various areas where you might be interested in living. Go to some open houses and do some comparison-shopping.
Meet with one of our buyer specialists and start the preliminary process.
Just remember that there is no reason to be afraid or intimidated when it comes to buying a house. The main concern expressed by couples is that they aren't sure where to begin. There is also the fear of rejection when it's very possible that the credit situation isn't as bad as they believe.

Home buying has become increasingly easier thanks to the Internet. Years ago, people hated the one-on-one approach of determining if they qualified for a loan. The Internet has made it so much easier where people can now go to various lenders, provide some information, and be notified online whether or not they qualify.

In addition, mortgage advice is also readily available. Whatever questions you have can easily be asked from the privacy of your own home. Responses are accurate, thorough, and always confidential.


ccurious
good for you!!! try www.fha.gov - good for first-time home owners and www.fanniemae.com - shop around for mortgage companies - take your time - don't let anyone tell you that you can afford $1500 a month because it looks that way on paper - what looks good on paper seldom works in the real world!!!

GOOD LUCK!


Amber
Rating
Hello my name is Amber, I am a loan officer. If you find home I can get you a loan at the best rate possible (depends on your credit ect..) Just email me if interested :)

aherrera@hayhurstmortgage.com


moose
Rating
wanna buy my condo?


melissaw219
First thing don't use a web site. It to impersonal and you can't verify the advice you are getting. The first thing to do is find a Mortgage lender and talk to them. It won't cost anything and they can look at your credit and tell you what you may need to fix or that you need to establish more and then in the meantime while you do what you need to do you should save some money. You may qualify for a first time home buyer loan which can be 100% but you will still need some money for closing cost. Once you get preapproved you need to find a Realtor. They can guide you through all the confusing things that come with buying a home. This is also a free service to the buyer. Take advantage of the proffesionals out there who can help you. If you find a mortgage lender or a realtor who tries to charge you move on. This should not cost you anything


Chad B
i would agree that the mentioned above website is a great tool. However if you know your numbers i.e. Credit score, how much your down payment is, how much you can afford, how much you are going to buy the home for. Then you can use a free online calculator to compute your projected monthly payments. If you need someone to help you with this purchase or would like a quote to work off of feel free to contact me i have been in the industry since the age of 17 so i know a bit. PS YOU DONT HAVE TO HAVE A DOWNPAYMENT TO BUY A HOUSE!

thanks

chad


Darby J
Congratulations! There are several things that you should do.
First, gather your bills and earnings receipts to see how much money you bring in each month compared to how much you pay out. You need to find out how much you can afford to pay towards a mortgage payment each month. Mortgage brokers can really push you into higher numbers than you can truely afford, so it is best to know what you are comfortable with before you speak with one. After you decide on a monthly payment amount, schedule an appointment with a reputable mortage broker. Stick to your guns about a payment amount (don't forget about HOA dues either) and have them help you find out what price range you need to stay in.

Once you have settled on a price range, you need to find a real estate agent to represent you. This person will be your guide through the rest of the process. Too many buyers make the mistake of finding homes online and then calling the listing agent. If you buy a home from the listing agent, how do you know how well they are really representing you through the process? Their first relationship was with the seller! Find a real estate agent to represent you! They will help you find properties, take you to see them and advise you throughout the process.

How do you know all of this, you ask? As it happens, I am a real estate agent in Colorado. I would be happy to help you find a reputable agent in your area or answer any more questions you have regarding the home buying process.

Two really good websites are www.realtor.com and www.trulia.com.


Workfortoday
Rating
There is a good site below. When there click BUYERS then click FREE REPORTS and download all you need.

Great advice is there along with actual photos. One neat feature is you can see where you live from the satellite but its your actual house! Not a graphic.

Big brother is watching I guess.


cojik999
Rating
Do you have a down payment? if not save for it that's your first step. oh and get pre qualified with a loan officer = )


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