 My neighbor is playing high bass music... why are people so rude?? (I live in an apt)? |
| I don't get it. This guy has a newborn infant and about 5 other people living his apartment, yet he plays his loud bass filled music all the time. I like loud music too, but I realize I live ... |
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 What do I need to buy a house? |
| My husband and I are wanting to save up for a year and put the money we save together with our taxes and buy a house. Our credit isnt that good right now but we're going to spend the next year ... |
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 Neighbors downstairs complaining about my walking - what can I do? |
| I live in a seven year old apartment. I am on the top floor. I can normally hear my neighbor below me pounding the bass when they play video games. Anyhow, suprisingly enough, they complained to ... |
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 Should I rent the condo or buy it from the seller since he has offered me owner financing? |
| I was recently looking for a place to rent with a friend of mine. We chose a new construction condo to rent, and they are not finished yet. As we are waiting for them to finish up so we can move ... |
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 Do you need to be in full time employment for a period of time PRIOR to applying for a mortgage? |
I want to apply for a mortgage when I graduate in June with my boyfriend.
He is on around £18,000 and I hope to be on the same.
I was wondering if I can apply as soon as i get my first ... |
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 How long do i have to keep my house before i sell? |
| My husband and i just bought our second home back in sept. 06. We were in a rush to get a home near a good school for our daugther. Well we didnt have much to choose from in our area at a price we ... |
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 Flipping HOUSES?? Good Investment? |
| For those who don't know, the term "Flipping Houses" is when you purchase a house, fix it up and sell it for more money to make a significant amount of profit. Does anyone know if this ... |
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 I had a shop for 9 mths without signing the lease, am i still liable for anything? |
the landlord says im liable for the lease even though i didnt sign anything
Additional Details
im not stiffing anyone he's trying to wangle money out of me, i didnt make any profit ... |
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 Real Estate licenses? |
| Do you need to take a real estate license course again to be license somewhere when you already license in your own state? OR can you just go and take the state exam in that state to be licensed. ... |
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 Are There Any Free Appraisal Sites ? |
| I am looking at a property and just wanted to get an estimate on what the home is worth but not pay 300-500 for an appraisal on a property I may not want.... |
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 Foreclosure? |
| Before everyone goes "holier than thou" on me, I already know I messed up and I'm trying to fix my problem so please save the semons and offer at least some kind word, honest opinon ... |
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 Pointers for selling a home? Suggestion on what people look for? |
Other then keep it neat and clean....
Additional Details
We have an agent.....
I was just looking for more ideas other then the basic list.... |
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 Tenant/Landlord question? |
| If you are told you have to move out of your apartment by your landlord, how much notice does the landlord have to give you to find another place if you live in Alabama?... |
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 Closing on my first house?!? |
I am closing on my first house tomorrow!!! (I am only 20) And I was just wondering how long it will take and what all will I need to bring besides closing cost?? Any other good tips?
If I ... |
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John D | I live and work in a very affluent area, yet I have a very low income. How can I afford to buy a house? |
The area That i work in, all the houses are too expensive. It's in conneticut/upstate new york and the cheapest homes still cost $500,000 or more with under an acre of land. Real Estate here is outrageous and is bought up by New York City's rich and famous for weekend homes. Currently I rent an apartment in NY in a low-income complex for $550 a month. I figure I can afford a monthly mortgage payment of up to $900-$1000. But in this market, that will not even come close to buying a house with a 30 year mortgage.
I love my job and don't want to move and work somewhere "cheaper" just because I am working-poor. Sure, I have a roof over my head, but I want to own my own home. Government Programs? Low Income Loans? They all exsist but wont do me any good if I want to stay and work in this area because a) I can't afford a mortgage on a $500,000 loan and b)The government won't give me and help just to live amongst the rich people in conneticut.
Anyone know of any other options?
Additional Details
I think i have decent credit, my FICO score is around 720.
Between me and my partner (with 1 child) we make around $45,000 a year. The monthly payment I approximated was based on only MY income compared with what I pay in rent, car payments, debts and student loans, etc. I didn't factor in my partners income because my income pays ALL of our combined bills and rent while her income (which is alot less than mine) buys all the groceries and random expenses. |
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Squat1
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Look in areas that you can afford the housing. You are not going to afford a $500,000 house so don't look in those areas. |
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my brain hurts
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Presumably you are thinking of Fairfield County. Go a bit further north and you will find plenty of homes under $200,000. Of course though you will either have a long drive or a long train ride to work. The other big problem now is that banks are much less willing to hand out loans and mortgages, especially to regular working folks like us.
My suggestion would be to wait a tad longer. Prices will probably go down even further at least through next year, and the more cash you save up the easier it will be for you to get a loan anyway. |
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The Great Slappy McStretch Nuts
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Welcome to Capitalism 101...
You're just not going to be able to afford to buy a home with your income level. Try a condo or townhouse instead. Especially with the lending crisis going on right now, banks aren't making any risky loans anymore. Get a better job, or move. Those are your choices. |
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Expert Realtor
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You can't afford a $500K house on $45K a year...more like $150K is what you can afford, especially with high New York Taxes.
Sometimes people live in areas where they can NEVER afford to buy a home...that is a choice to live there. |
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Jolly
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Work with a real estate agent who can keep an eye out for you for what they call a "fixer-upper". If you put some "sweat equity" into a place like that you can improve it and have a place of your own. |
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jelle
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It doesn't sound like you have any other options. Resign yourself to renting or move. |
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Mrs. Leaf
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Looking at houses that have been foreclosed on is a good idea. I don't know if your area has sheriff auctions but I purchased a three bedroom, two bath house and my house payment is less than what you pay in rent. I also went through a bank that had a good neighbor loan which really helped out. Good luck! |
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Chris B
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HUD will help you buy a house, if it's your first and only house. HUD requires by law that arcitects and contractors set aside houses for low income families. contact your city hall if you cant find anything out online. You may have to commute to work, lets be realistic |
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Melissa.Speer
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I'm not sure what goes on out there, but in CA we have a government program that helps low income people buy a house.
I would suggest to you that you look for foreclosed homes. They are often much cheaper than "On-the-market" homes. And the banks that own them often have assistance programs.
Good Luck!!! |
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e2saxon
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i have a few thing that will work to improve your bottom line and help with your goals.drop me a email at e2saxon@yahoo.com and we can chatt. |
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