 My fiance and I are buying a home, but I will not be on the paperwork? |
| We are going to get married this year, so we are buying our home. In the midst of this, I lost my job at the time we were filling out the loan forms. My fiance makes enough money to qualify alone ... |
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 Is it legal to rent a house if you are paying an interest only loan? |
| we rent a house and just found out that the owner is on an interest only loan, he just bought it and we are concerned that he has illegally rented it to us. Should we be? and what happens if the loan ... |
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 Need help with landlord dilemma? |
| My husband & I have always paid out rent on time. Last month was an acception due to an emergency. Now my landlady claims that we have bounced the rent checks for Aug. & Sept. She took our ... |
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 Should one buy a 100,000 flat in central London? |
I'm looking for a flat / house at the price of about 150,000 - 170,000ÂŁ. With this money, I expect to live far from central London.
But I was surprised to find one can still buy a ... |
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 Is it possible to sell your house "By Owner" if you don't live in the same state as the house? |
| Cut to the chase: our house is located in the Denver area. We now live in the Kansas City area. Our house has been for sale for eight months ... no nibbles. Is is possible to try to sell it ... |
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 My realtor finally told us what the prob is with they buyer not being able to get a closing date on our home.! |
| I have posted the ? about "why has the buyer of our home not been able to get a closing date from her mortgage company for over two weeks?" We were supposed to close on 9-29 and it keeps ... |
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 Buying a house w/huge CC debt? |
A family member would like to buy his first house w/new wife. I believe they have over 60K in CC debt, but have good credit. What is the likelyhood of actually buying a house?
Additional D... |
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 Should I move home? |
I live in share accomodation in East London and would really like to move to Canary Wharf.
That would cost double what I pay now in rent. Currently my rent is about half a day's pay, ... |
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 How do I afford a home in California? |
| I am considering moving to San Diego. I have $140,000 to put down on a house. I am terrified that I will not be able to live. I can only pay around $2300 a month including taxes and insurance. I have ... |
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 Is my landlord required to supply working appliances? |
| I signed a 1300 p/month lease for a town house that had a washer/dryer/dishwasher stove and fridge. i was told they were all in working order. Upon moving in I learned only the fridge works. I ... |
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 I am not going to be on the mortgage with my boyfriend but on the deeds, am i still entitled to half the house? |
| I already have a mortgage but my boyfriend doesn’t. I don’t want to sell my house at present so we were going to just let him get a first time buyers mortgage and just have my name on the deeds. A... |
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 I live on disability. How can I find a cheap, safe place to live that will let me live a decent life style? |
| I get just over 1,000.00 a month plus prescriptions and medical. Where and how is the cheapest way to live and still have internet and cable tv? I live in Arkansas. I really need some serious answers.... |
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 Whyyyyyyyyyyyyyyyyyyyyyyy... please me something!? |
| What in the heck is up with property owners starting to rent their homes out to low income renters?! That means I have to pay $1500 a month to stay in a descent area with people who get to enjoy the ... |
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 If you owned a house and lost it to the bank and it sells for more than was owed, are you entitled to any? |
| My exhusband and I bought a house together and both names were on the deed, but only his on the loan. He let it go back and it has sold for $5500.00 more than was owed on it. He claims he is ... |
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 Trying to sell my house, why won't anyone put a bid on it? |
Additional Details
I am in the Northern part of Minnesota, town of about 11,000. There are quite a few house on the market here, none of which have a pending sale, or sold sign on them.... |
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 HELP I'm house sitting? |
| I am house sitting for my manager while she is gone for 14 days. She wants me to take care of her cat and make sure their house isnt broken into, etc. I'm not sure how much she will pay me but I ... |
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 My tenancy is about to expire and the agent told me I cant move out as the others want to stay is this true? |
| I am in a joint short hold tenancy that runs from the 12th of October 06 to the 12th of October 07. I would like to move out on this date but the others wish to stay on. I have been told by the ... |
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007 | I want to own house, what should I do? |
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whitecloud
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go to tour bank and see if you are able to get a morgage and ,how much they say you can afford to spend to get one ,then look for a house you like ,see s solicitor and contact the bank and away you go |
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J w
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first think about location, second think about job,schools..Distance traveling to and from.3rd find you a real estate broker, let them run your credit to see your range,then going looking at property.. |
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Marty K
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Study some creative techniques, such as lease-options and others. Real estate investment strategies. An interesting source is creonline.com. It's a message board and I would relate your cirucumstance and ask this question there. |
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L96vette
 |
Best thing to do is find out your credit score, and then maintain a steady job. Of course, it also helps to speak with someone who is in real estate, or a mortgage banker. If there are inaccuracies in your credit report, or you have some delinquencies, get them resolved. Often a creditor will remove small delinquencies in exchange for paying off the account because their real focus is of course getting their money, not ruining your credit. After a creditor agrees to fix your claim, get it in writing, and follow up by checking your credit again as many will tell you anything if they think it will get them money.
Many lending companies are more lenient on the credit issue because they know that virtually everyone will make the mortgage payment their number 1 priority. Someone may qualify for a $70,000 house but not be able to finance a $5000 car.
I would also recommend staying away from "adjustable rate" mortgages. I have seen many people lose their homes after years of payments, when the rates went up and they were unable to afford the new payments, and could not refinance.
Refinancing can be a scam too. I know a guy who bought a house, got refinanced along the way, has paid in over $90,000 in five years, and after all those payments now owes more than what the house sold for originally. |
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angeldust
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more details? |
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luvbug
 |
Depends, if u live in California MOVE |
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missl
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Most banks are looking at 100% lending at the moment.
If you have a good credit rating steady employment and a reasonable deposit you should have no problem |
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zambranoray
 |
Buy one. |
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Tiger Long
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get the money and buy the house. as simple as a b c |
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Michael
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find a job, earn a lot of money and buy one..... |
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Price is what you pay for value.
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As housing market slump, it is easier to calculate "Rent vs. Buy" scenario. Because "appreciation" is no longer a factor.
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 interests portion of the mortgage payment is roughly equal to rent of equivalent property, then it is a decent buy.
For example, let's buy a $500,000 condo with 0% down and apply interests only loan (just like renting a place). Mortgage payment would be $3250/month. It is a bad buy, because you can enjoy same property for $2000/month.
Please note that I assume the tax benefits from home cancel out fees from home association and property tax. For more accurate calculation, consult with your CPA or accountant. But NOT your realtor, whom will say anything to get the deal to go through.
And again, if you like a particular property, then paying more may be reasonable. You are the only person who can decide how much more premium you are willing to pay. |
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debbie c
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buy one first |
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