 My Mother left me Her house which is paid off, It's worth at least $400,000.00. I have horrible credit.? |
| I owe $22,000.00 in property taxes. I despratly need help, but I'm not sure what kind of help I'm looking for. I think a private investor, looking for a great return in a short period,(... |
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 Why wont my home sell? |
| My home is in a very active subdivision the longest listing being 2 weeks(excpet mine now on the market 1 month! Average home is selling in 5-6 days! We are at a good market price most home have sold ... |
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 If I apply for a mortgage with my partner, will the bank tell him the details of my credit report? |
| It might not be a good report, although I am taking care of my finances now. Will the bank tell him how much I owe, etc.?... |
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 I think my landlord came in when i wasnt home , i left a light on when i returned it was off , uncool ? |
i feel annoyed would you be ?
Additional Details
yes i made a point of leaving it on , when i got home i checked and the light was still working just off ...... |
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 Are the commercials true that you can get a home loan for like $150,000 and only pay $500 a month? |
| Are they serious about this. How good does your credit have to be? How much money would you have to have put down? Would you need a cosigner if you only have a 5 year credit history?... |
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 Does anyone have experience using LendingTree.com? |
| I'm looking for a mortgage....mid-600 FICO scores, no down payment.... |
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 Buying a house but when to tell landlord? |
| We're in the process of buying a house and everything seems to be going smoothly. We are renting at the moment and our landlord has says we can leave before our contract is up (Feb) as long as ... |
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 Do realtors have to present your bid to the seller even if they think offer is lower than the listing price? |
| If your realtor contacts the listing agent for the seller with a low offer....do they have to present or can they just say they won't present to the seller? I thought legally they were just ... |
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 What things should I look for when looking for a new apartment? |
| I will be moving into an apartment soon. What kinds of questions and situations should I be aware of when apartment hunting?... |
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 How do I find who really owns the house I am renting? |
| Wish to find out who owns the house - not sure if it is the landlord I am paying rent to. Is there a registry where I can check? Is this reliable? That is how quickly is updated? If someone offers ... |
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 Buy a house now or wait? |
| Heard a guy on Glenn Beck say he thinks housing prices will be on the decline for the next 5 years. I'm currently looking into buying a house in San Diego by summer time but I'm now ... |
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 Tenant fell down stairs - am I as a landlord responsible? |
| In May 2007, we began renting the upstairs apartment of our newly remodeled duplex to a couple. On their application, they both put "self-employed" and gave us all sorts of verbal details ... |
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 How long can a landlord leave a tennant without hot water? |
| I moved in Saturday, and since yesterday morning I've had no hot water, and I've just been told they can't do anything about it unti ltomorrow afternoon. Can they leave me this long ... |
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 How can i put a lean on a builder that wont pay up???? |
| i did some work for a builder but now he wont pay up and we didnt sign any contract since it was a one time thing so can i still put a lean on the house????... |
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 Simple living expenses question? |
i'm not saying which side i'm on or that i do this....Do you think 2 people can live on £1100 per month if the house is rented for £550 leaving them £550 to live on?
Additional D... |
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 Me and my husband are looking into buying a house? |
| for the first time and we have NO idea where to begin or what the process is like.. can anyone give us some tips or advice? Thank you!!... |
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 Landlord Cheated us ..! can someone Advice ? |
| We went to look for an appartment yesterday in the chicago downtown. we liked the place and we offered the agent that we will put the deposite on the spot. He asked for one month of rent plus ... |
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| What do you think of this place? |
It is for sale; I saw someone else on here was checking it out. Do you think it is worth the price? To me it sounds perfect. What do you think of it?
http://cgi.ebay.com/ws/e... |
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 Is this some sort of a housing scam? |
I have been recently looking to rent a house from a private landlord and so posted a wanted ad on gutree.com. Anyway, i got many responses but here is what most of them have said -
'&#... |
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BabyGirl | I am trying to find the max loan amount I can get and the mim dwn payment i can get without requiring PMI? |
I want a house that cost 400,000 and was appraised at 375,000. My monthly income is 7300.00 and I have two cars totalling 730.00, alimony 400 and credit cards.
My proposed conventional mtg payment is 2000.00mth which includes PITI.....Thanks for the help
Additional Details
i am trying to find the max loan amount I can get and the mim dwn payment i can get without requiring PMI?
I want a house that cost 400,000 and was appraised at 375,000. My monthly income is 7300.00 and I have two cars totalling 730.00, alimony 400 and credit cards.
My proposed conventional mtg payment is 2000.00/mth which includes PITI.....Thanks for the help
This was a purchase scenario i got from school. |
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duffyatkinson
|
in addition to the info given by the above posters, some lenders allow you to convert your PMI payment for loan amounts above 80% LTV (not tax deductable) into a slightly higher rate (anywhere from 0.25% - 0.35%) which IS deductable. |
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Ann H
 |
You can go to most bank web sites especially those who have mortage departments and prequalify online without any obligations. SunTrust Banks at www.suntrust.com is one that has a user friendly website and provides that type of information to you. |
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robert w
 |
Let me tell you what is happening around the country.
People like you are trying to avoid PMI by getting 80% prime loans and then 20% SUBprime adjustable loans.
The Banks when they get your house back in 3 - 5 yrs after the adjustable Balloons to 2 , 3 times the fixed payment are Wining. How do I know - served over 25 foreclosure notices last 2 weeks to people who were a penny smart and dollars poor. Pay the PMI and you will keep the house. Pay extra Principle payments for 2 - 3 yrs until you got 21% equity. PMI cancels then. You'll still have your house not the Banks.
visit daveramsey.com to learn what the bankers don't want you to know.
Why are you paying More than appraised value? |
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charles m
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If you would like please contact me at cmentesana@rmchomeloan.com we can discuss your situation and see what you qualify for.
Thanks |
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Crystal S
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The real question here is why would you buy a home for 400k when it was appraised for 375k?
That doesn't make sense.
As for the PMI, you don't need it. Do an 80/20. It makes way more sense. |
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o_harrill
|
Asking Price $400,000
Appraised price $375,000
You Pay renegotiated price:
$375.000
Down payment $ 74,000
Loan Amt $301,000
Loan Type Interest Only
This is one scenario. I do not recommend it though |
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precious73@verizon.net
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SOUNDS LIKE YOU GOT IT GOING ON WHAT IS THE PROMBLEM? |
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nswblue
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This has nothing to do with your question - but what do you do that you make $7,300 a month salary?!@ |
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phoephus
 |
You need to pay 20% down to avoid PMI. |
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shani n
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It doesn't matter whats the loan amount as long as you put 20% down u wont get PMI but what most people do they get 80% money from one lender and 20% from another lender as a secondary mortgage so they can finish PMI. |
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mortgage_info_4u
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These peaple are all wrong! You can get a combo loan. 80% 1st and any amount for the 2nd to avoid PMI. Let me know if you want more info. I own a mortgage company. |
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ne11
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Generally to avoid PMI, you must have a down payment of 20% of the purchase price. Often lenders will only give you a mortgage for the appraised value of the home plus financing costs. |
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ken
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you can get loans upto 100% of the price and depending on how it is structured you can get without PMI (80/20, 80/10/10) however the the amount above 80% will be at higher rates and even the 80 may be at higher rates.
I recommend to get it with PMI and then wait 1-2 years and get reapraised for 10% more to waive the PMI. |
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