 Is it weird to have or even ask for a "apartment" warming party for your 1st apartment? |
| My Boyfriend and i are moving into our first apartment. Finally! I have waited 22 years to do this. Just a few months after my 23rd birthday, my bf and I will be moving into our first apartment. We ... |
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 My wife's credit score is mid-700s, mine is high-600's, can we get a home loan? |
Additional Details
How do they choose which credit score to use? Experian, Equifax or TransUnion?... |
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 Help!Pending forclosure No sale date Yet........what is the next best move? |
| I am working now $43/hour 32 hours a week as a Nurse, the investor (Wells Fargo)will not work with me at this time (was not able to keep on repayment plan one time last year), I own my home owe $158,... |
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 How long do you have to own a house before you can get a home equity loan? |
| My husband and I are in the process of buying our first home. We got a great deal on the house at 1/2 the appraised value. How long do we have to own the house before we can take out a home equity ... |
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 When should I buy a house? |
With all the news on house prices at the moment, is it a bad idea to buy a house?
I'll probably have enough to pay at least 20-40% upfront but is there a good chance the value will go ... |
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 When selling a house through a Realtor, how long is the contract for? |
| Ive had by house up for sale by owner with no bites. Im thinking about putting it through a realtor but was wondering how long it would be up through that realtor?... |
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 Were can one go to apply for a government grant to buy a home. and if there is some were how long does it take |
| i need help buying my home i live in have bad credit so i thought that there might be some kind of grant program that can help. it can be some kind of loan i could pay back i dont want it for ... |
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 What can be be done about an illegal eviction? |
| I received a phone call tonight from my brother's landlord telling me to come get his belongs or he was going to put them outside. There was no court order, no hearing, no nothing. He went into ... |
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 Is it legal for a realtor to show an occupied apartment? |
| This apartment is currently lived in, with the occupants having a one year lease that is not set to end for 11 months. The realtor is showing the apartment despite a sign that asks them not to and ... |
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 Is Renter liable for damages? |
California:
I was renting to someone who didn't regularly clean the house including the bathrooms and kitchen. One of the bathroom shower faucets began to drip but never told me. As a ... |
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 How does a mortgage work? |
OK, im looking at buying a house and though I have a vague understanding of what a mortgage is, its still pretty confusing. Can someone explain to me how it works, what i am paying, etc...
... |
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 What are the steps in buying a property? |
| I'd appreciate it if someone broke this down for me. For example, do I need to get a mortgage first, then starting looking for a property? then what? I based in the UK if that helps.... |
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 How do I go about getting a loan to purchase a home? |
| I have found a home that I want to purchase, nothing new but it has potential, the price is 75,000...what qualifies a peron for a loan to purchase a home???I am 23, My credit is @600 and I have a ... |
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 Im a 1st time buyer looking for a property in london. Budget is £200,000, where in can i get value 4 money? |
| Current seeking 2bed house/flat in london, this is a challenge being 1st time buyers but we desperately need to get onto the property ladder. Please can you advise what area within london or ... |
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 I am selling my house privately, do I need an attorney for the seller disclosure agreement or just closing? |
| One of the potential buyers has requested a copy of the seller disclosure document, I have downloaded the one for our state, but do I need an attorney for that, or do I just take it to closing with ... |
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samiam | If I cosign for a loan, would that hurt my chances to apply for a home equity loan? |
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Beverly S
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As a mortgage lender I can tell you that we would treat the loan you co-sign for as your loan. Therefore we would count the payments against you in the debt to income ratio. A co-signer is as much obligated to pay the loan as the borrower-if the borrower doesn't pay. So yes it could hurt your chances. |
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sunshine336
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Yes-the lender will take into consideration that you may have to pay the loan you cosigned for. |
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Big daddy
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Absolutely, this is a big negative when it comes to co-signing, it shows up on your credit and can hurt your chances to refi, get loans, etc. If you do co-sign, make sure you have legal documents in place created by an attorney with, for lack of a better term, a get out clause. Depending on your situation, this could have a significant impact on what you do financially and without a way out, the only way for you to get out would be for the people to refinance. also see about going into title as if you are going to be financially responsible, you should be in title as well, good luck |
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Real Estate Guy
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YES!!!!!!!!!!!!!!!!!!
Do not co-sign for anyone!!! ANYONE.
Listen to the bank. The person that wants to use YOUR GOOD CREDIT is a bad risk.
By co-signing, you are taking on 100% of the risk for NO REWARD (except to be a good friend, which is NOT worth it). Good friends don't ask other friends to put themselves out on the line like this. This includes family. |
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Tatum
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If you are a first time borrower of a home equity loan it is imperative that you have a checklist of essential questions that you need to ask each and every lender. The answers to these questions will provide a valuable reference to base your comparisons on. What’s the interest rate? Knowing this is crucial. The interest rate will determine<!--the monthly payment you will need to make. You also need to know if the interest rate is of a fixed or adjustable nature. Fixed rate implies that the monthly payments will remain constant, while an adjustable rate implies that rates will fluctuate depending on market conditions.
http://best-loans.awardspace.com/homeloans.htm
In adjustable rate, when will rates change? If your interest rate on the home equity loan is of the adjustable variety, you need to know three things: when the rate is going to change (that is under what conditions), how frequently will the rate change and what’s the average-->percentage by which the adjustable rate will change. What is the Annual Percentage Rate or APR? The APR on the home equity loan will determine the yearly payment you will need to make towards this.The higher the payment in terms of points, the lower is the interest rate. |
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