 Social Security and low income housing help please? |
I am from the USA and I am currently on Social Security and so is my boyfriend we want to move to Chelmsford England
I don't know where to get info on stuff like applying for SSI and SSDI ... |
|
 Can i really be made homeless? |
| i have split from my partner and she left are housing trust property with our son, she now wants me out asap and is threating me with police to get me thrown out, her name is on the tenancy but my ... |
|
 How can I add my spouse to the deed on my house? |
| I bought my home before my wife and I were married. The problem is, her name is not on the deed or mortgage, and I would hate to think how the state of Texas would complicate things for her if ... |
|
 After college i plan to move some place warm but i don't know where? |
| i wanna live in california or flordia but i don't want to deal with hurricanes and forest fires. any suggestions???? and it has to be warm 24/7 365... |
|
 What is the requirement for $400k home loan? |
| What is the minimum requirement to get a loan for $400,000 or any loan. I want to make sure what exact criteria that need to qualify. How long you have to work in the same company or multiple company ... |
|
 Is it OK to call and ask on the status of an apartment application? |
| My boyfriend and Iare trying to rent an apartment. I turned in the application & fee late Tuesday(9/19) afternoon and it is now Thursday(9/21) afternoon and I have not recieved a phone call yet ... |
|
 Falling house prices - should we sell sell sell?!? |
| We keep hearing warnings of falling house prices, at first it was the odd comment now it seems pretty certain that house prices are finally going to crash in the UK next year, here in Wales they ... |
|
 I think I was scammed into signing a bogus real estate contract - Help!? |
| Yesterday a guy showed up to look at my "For Sale By Owner" and instantly told me he was very interested and wanted to buy it. He put a real estate contract in front of me with a full ... |
|
 Do I have to wait to refinance on a new home? |
| I financed with my builder and they out and out told me that they WOULD sell my mortgage, do I have to wait any amount of time to try to refinance? I've made two months worth of payments and ... |
|
 How to check if house has insurance? |
| I have a leasehold on a flat in a block owned by landlord who has freehold. He will not give us the buildings insurance details to make a claim and I am beginning to suspect there is no insurance. A... |
|
 Is 7.4% APR a fair rate for $80,000 home loan with no money down? |
| My credit score is 725 and I am a first time home buyer. I went to a local bank and was wondering if I could do better than 7.4%. Thanks.... |
|
 My aunt charges me $300 rent since Aug. She says I have to start paying $700 in Nov. Can she do that? |
| She says since she took out a loan to fix the house up (duplex) her mortgage will be $2000 so I have to pay $700. Mind you, I have not paid rent since I moved back in in 2000. In June she informed me ... |
|
 Should I move in a trailer or an apartment? |
| I have a really good deal on a trailer but an apartment would be less of a hasel. I am 19 years old and need to know if moving into an apartment would be a better start than living in a trailer for ... |
|
 What would be a fair price to allow a neighbor to gain access to my power pole, is there anything to beware of |
| my neighbor wants to get power to his property but doesnt have a pole on it yet so he has to tie into one of my poles on my property through an easement and he said to give him a price to gain access ... |
|
 Can the Military buy our home? |
we will be relocating due to Military I heard that the housing on post can buy your home and rent it out for other military housing. Is that true?
Additional Details
any one with ... |
|
 My tenents dont pay rent on time? |
| they seems to find me weak, every time i have to struggle to get my rent. he always tries his best not to pay or get some more time or excuses not to pay such as saying kitchen light is gone, heating ... |
|
 What is better? My husband and I are looking at homes within the 150-160 thousand range.? |
| we were quoted online to afford a mortgage up to 250,000 so this is well below that. Well my question is--should we buy a cheaper home that is 80,000 in a town 20 minutes away from where we really ... |
|
 I am purchaing a home through a remax agent. She has charged me $250 for compliance fees? What are these char? |
I am purchaing a home through a remax agent. She has charged me $250 for compliance fees? What are these charges? Is it costomary.
Any Advice will be very helpful
Thanks in A... |
|
|  |
areyou4me_80 | I am a first time home buyer i never purchased a home it will be my first loan...? |
WHEN YOU GO THROUGH THE FIRST TIME HOME MORTAGE, HOW DO THEY GIVE YOU THE LOAN? FOR EXAMPLE I AM APPROVED FOR A FIRST TIME HOME BUYER LOAN, I TELL THEM WHAT I WANT MY LOAN AMOUNT TO BE, FOR EXAMPLE I WANT 180,000 AND I FIND A HOUSE AT 169,900. ANYWAY WHERE WOULD THEY SEND THE MONEY TO? THANKS |
 |
 
Price is what you pay for value.
|
As housing market continues to slump, if you don't plan to delay your plan, please interview several and pick a good realtor or agent.
Bad ones will talk you into buying the largest property at your credit limit. Good ones will find you a good deal (Sellers are offering discount and incentives now).
Try to stay away from Adjustable Mortgage, because 30 year fix mortgage rate is very low right now. There is no reason to use Adjustable loans except fatter commission for loan agents.
Interests only loans are not good iether. Mortgage payment consists of two parts: interests and principal. Interests are like rent, which doesn't add to the equity to your house. It simply disappear as your pay it. If you want to use interests only loans, might as well rent, especially during market downturn, because housing price won't appreciate.
Finally, for tax benefits, talk to your CPA or tax accountant. Do not consult finance with realtors or agents. They get commissions when you sign the check!
Good luck!
http://biz.yahoo.com/brn/060909/19463.html
http://money.cnn.com/2006/09/08/real_estate/caught_in_the_bubble/index.htm?postversion=2006090814
http://money.cnn.com/2006/09/05/real_estate/Ofheo_home_prices/index.htm?postversion=2006090514 |
|
jules vane
 |
You get pre-qualified for a maximum amount (not usually what you ask for), If you find a home up to that max. (169,000.00), they pay off the current mortgage (the current owner's mortgage). I don't really know if the mortgage lender will lend you more money than the house is appraised for (ie. repairs). Good Luck, quite a learning experience! |
|
PatV
|
Being approved for a 1st Time buyer loan, does not "preapprove" you for an amount. That will be based on your income and debt.
Your monthly payment will be for the mortgage, property taxes and homeowner's insurance. You also need to add in the monthy costs of homeownership. Take the monthly payment amount (i.e., $1500), divide by half ($750). You will need about $750 above the $1500 to pay for utilities, television, internet, association fees, upkeep. That will vary by your location of course but you need to plan this ahead of time.
Be very careful you are not "talked" into a home loan & lifestyle you can't afford. Do your homework - I recommend books by Robert Irwin... |
|
Andy C
 |
In general the money will be sent directly to the owner of the property you wish to buy from you bank.
This may be electronic.
This will usually be handled by the solicitors invloved in the sale.
Good luck ! |
|
porkchop
|
You won't be approved for a 180,000 loan if the home price is 169,900. The money from the mortgage company goes to the seller to pay the purchase price of the home. More likely than not, the seller has a mortgage to pay off and most of the money will go to the seller's mortgage company. It's all done at your closing where the title company has prepared a voluminous amount of documents including the closing statement. In my state the buyer and seller are in the closing together but not all states work like that. I would suggest getting someone to help you with this process, perhaps a family member or trusted friend who has gone thru this. |
|
sugarbdp1
|
You don't get the money it goes directly into the house plus a broker helps you with this no bank will hand over that kind of money you get a loan to get the house & you make monthly payments on it that's how that works lol |
|
hello
|
The bank sends the money automatically to the house seller's lawyer on the closing date. The bank doesn't give you any money. You would probably have to get a separate loan if you wanted more than the purchase price of the house. |
|
arizonaprincess2
 |
it should all be taken care of at the closing |
|
kja63
|
Well, it doesn't work like that. Once you find a home within your price range, the mortgage company will approve or disapprove your loan after the house is assessed and inspected. If you want a home for 169,900 then that's all you get from the mortgage company. |
|
Searchlight Crusade
|
The reason that residential home loans are lower rate than anything else is that they use the land for security. That land is not going anywhere. On the other hand, lenders will not loan more than that property is worth. There are some people out there who will counsel you to do it, but it is FRAUD. |
|
janet_67_1998
 |
You don't actually see the money. The bank depending on the size may keep the loan there or they may sell your loan to a larger bank which happens all the time. The money for the loan goes directly to the bank where the loan is held. First Time Home Buyer option allows you to put little down. It's an incentive to get people to buy. You also have to get approved for a certain amount. Be careful about the loan amount it's better to figure your payments and how long you want to pay that'll figure out how much you can spend on a house. Remember because of interest you will probably pay much more for your home than what you bought it for. You have to think of property taxes, insurance, etc. and you can set those up in an escrow account where you make one payment for everything or you can choose to pay taxes and insurance one time per year and just make monthly payments on your house that way you have to make sure that you have the money set aside to pay it. If you get the house at closing you will be signing a lot, you almost feel like your signing your life away. Most likely everyone goes through, "What did I just do?" afterword. Good Luck. |
|
jlacroix1758
|
No, but congratulations on your first home purchase.
Have fun but be safe! |
|
The ~Muffin~ Man
 |
Reading questions like this, it's no wonder banks make money... |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
13 | 13 minutes(s) ago
| | | |
13 | 47 minutes(s) ago
| | | |
13 | 1 hour(s) ago
| | | |
13 | 2 hour(s) ago
| | | |
13 | 7 hour(s) ago
| | | |
13 | 8 hour(s) ago
| | | |
13 | 10 hour(s) ago
| | | |
13 | 11 hour(s) ago
| | | |
13 | 2 day(s) ago
| | | |
13 | 3 day(s) ago
| |
|
Homepage 
Financial
Forum 
Renting & Real Estate 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
