 I rent a house that is getting foreclosed because the owner didnt pay mortgage. what do i do? i paid my rent.. |
| i live in florida, and i have been told that if the house doesnt sell immediately after it forecloses, and we havent been evicted by our landlord (we are PERFECT TENENTS), we basically cannot just be ... |
|
 What can I do? |
| our realtor is lazy! and what can we do to make him do omething to sell our house quicker?... |
|
 Is it cheaper to rent or buy a house? |
| If you are not sure please list maybe the pros and cons of each.... |
|
 A caregiver who no longer empoyed by me, refusing to move out of my home. How do I get rid of her lawfully? |
| She was taking care of my disabled son, but he moved to a care facility, and we do not need her services anymore. I give her a week to move out, she refuses and locked herself in her room.... |
|
 Someone please answer!! i tried asking but didn't get any answers!! please, i need help!!!!? |
when someone transfers a house to you, how long does it take for the title to clear and come back to you and everything once it's recorded so you know that it is officially yours??
... |
|
 Lease says we can park our small trailer, owner says No? |
| My question is our lease (which was recently signed) says boats, trailers, etc are to be parked in assigned parking spaces only. It doesn't say you can not park your trailer anywhere on the ... |
|
 Should I evict? |
| My tenant has not paid me for January rent or February rent. Now March rent hasn't come. I sent him a formal notice that at least January and February rent must be depostied by today. Lets ... |
|
 Should I refinance my home?? |
I'm at 6.25% fixed. I don't need cash out, I just want a lower rate if its possible, on fixed terms. My credit is 730, and I can show my income.
Additional Details
I've ... |
|
 Is owning real estate a major hassle? |
| I have extra money and am trying to figure out what investment I should make. I'm in the stock market now and all it seems to do is steadily decrease, with huge swings up and down every day. I... |
|
 What are the legalities of not accepting a full asking price offer to purchase? |
| Think real estate agent suggested listing price to low, that way it sold quickly. Got an offer for listing price on first day shown. Do I have to accept this offer, when I think I want more for the ... |
|
 Looking to buy a house..? |
| I was looking at this house its priced very cheep, it says it has "slab issues" what does that mean?... |
|
 Landlord vs. Tenant? |
I started renting a house 1 month ago and we have noticed some things in the house that need to be fixed. So, what would you concider a landlords problem or a tennents responsibility?
L... |
|
 My apartment lease - 30 Day Notice? |
| My lease ends today Jan 31 and I want to move out. Am I required to give 30 day notice. If i give the house key today, Am I still responsible for Feb's rent? Pls help.. what is the law says?... |
|
 How can I "fire" my real estate agent after signing a dual agency agreement? |
| First time home buyer. Found a home I liked, signed the dual agency agreement with the seller's agent (I didn't have my own agent, yeah yeah yeah I know now), placed a bid, then had the ... |
|
 Stealing - Or is It? |
| If I was looking for an apartment that a Realtor said was vacant and available now and gave me a key to check it out and I found personal belongings in there; would taking them be stealing? Bear in ... |
|
 When is it time to change your realtor? |
| Our realtor has shown our house one time in the last month! I know the market is low right now, but when do I draw the line?... |
|
|  |
Cathy | I'm buying my first house but how can i avoid paying PMI. what can i do? |
i have investments in retirement accounts that i cant touch around 42k and only about 30k for a 10% down on a 300k loan. |
 |
 
Em C
 |
This is where it pays to have a good mortgage broker as opposed to just going straight to a lender or bank. These programs still exist but you need to know where to look. In your case you would need, an 80% first, 10% second and then your downpayment. That CAN still be done provided your credit is good enough. |
|
lepr0kan
 |
Unless you're putting down 20% you have to pay PMI, that's it, the only way out is if you qualify for a VA or USDA loan. Previously buyers could do 80/10 or 80/20 loans (meaning 80% first mortgage 10% second mortgage with 10% down) to avoid PMI but with the current issues in the mortgage industries such loans no longer exist, so you're stuck paying PMI. Some lenders may still offer lender paid PMI (meaning PMi is incorporated in the rate) but they do this by increasing the interest rate, which only makes you pay more than paying it yourself. |
|
ondreforsure
|
put 20% down and you can avoid the pmi.
Or do a 10% carryover from the seller. |
|
Big Sky 23
|
You're going to have to pay Private Mortgage Insurance for most loan programs unless you have at least 20% down. It doesn't matter what other assets you have in your possession if it's not invested directly into the equity of the house.
You can pay close attention to the total principal of the loan and monitor when it reaches 20% so that you can request PMI be canceled, it might not happen automatically. |
|
bigdaddy
 |
The only way to avoid PMI is with 20% down. You used to be able to do a piggy back loan to cover the short fall but with loan restrictions super tight I would bet you would be hard pressed to find a loan company that would do this. |
|
ann
|
You don't "have" to buy at $300,000. Buy as much property as you can afford, which, evidently, is not $300,000 worth.
Have you been paying attention to the current economy? People are being foreclosed on because they were foolish enough to spend money they did not actually have. Learn a lesson.
And PMI is not the worst thing in the world, at least you get the property and then when you sell or refinance after building up equity you can stop paying. |
|
acermill
 |
It's not going to be easy, given the current situation with mortgages. If you have an EXCELLENT credit track and a very sound financial portfolio, a smaller bank which keeps loans 'in house' might consider it. However, none of the big mortgage houses will do so. |
|
daeve930
 |
You can find 20% for a downpayment, or you can find a lender that porfolios their loans. If the loan will not be sold on the secodary market, PMI may not be required. The bank I used to work for did "consumer" loans and no PMI. |
|
Quicken Loans
|
You can either a) put 20% down or b) do lender-paid PMI.
Find out more about lender-paid PMI from the link below. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
9 | 35 minutes(s) ago
| | | |
9 | 44 minutes(s) ago
| | | |
8 | 2 hour(s) ago
| | | |
9 | 6 hour(s) ago
| | | |
9 | 10 hour(s) ago
| | | |
9 | 2 day(s) ago
| | | |
9 | 6 day(s) ago
| | | |
9 | 2 week(s) ago
| | | |
9 | 1 month(s) ago
| | | |
9 | 2 month(s) ago
| |
|
Homepage 
Financial
Forum 
Renting & Real Estate 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
