 What Will Happen to Mortgage Co.s' After Foreclosures? |
| We live in CA and have 2 homes that will be going into foreclosure. Countrywide will not negotiate with us. What will happen to them when they only get maybe half of what all these thousands of ... |
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 I want to buy a house,and i am paying off debt.Should i close credit accounts or leave them open? |
Specifically i am talking about credit card accounts. I opened up accounts to bulid credit,and now i am paying them down. Im looking at about a 1 year timeframe.
Should i leave the accounts ... |
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 Want to help my brohter pay his mortage.? |
hi,
I live with my older brother in his house for free. Now I graduate from school and have a job nearby. I may still stay in his house for a while, but since I already have a job, I figured I ... |
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 What are the laws regarding what my old apt. complex can charge me for replacing my carpet? |
| There was some damage in the bath and it was noted in my move out. She said she was going to get her carpet guy to quote it for repair. (I had the carpets cleaned the day before my final walkthru). N... |
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 Is is rude to request to not ride with realtor while looking at homes? |
| Husband and I are driving 3 hours away to look at some homes soon and the realtor wants us to ride with herin her car. The rpoblem is-We have done this before and we cant really tell how we really ... |
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Okay, I asked this question earlier but evidently didn't share enough specific information.
My dilemma: my house has been on the market for 13 months. I have lowered the price ... |
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 Can I move the right of way to my neighbors house? |
| There is an existing right of way to my neighbors house directly behind my house. I want to put a nice new driveway in that will connect the main road to their house but not go directly by my home. ( ... |
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 My husbands mom passed away and he wants to sell her house ...? |
| she had alot of financial troubles how can we find if there are any liens on the property?... |
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 What's the best company to get a mortgage loan from these days? |
Additional Details
Thank you everyone for answering, I don't have a great credit score we could say that is slightly low.... |
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 Apartment question? |
I make $1600 a month. Could I afford a decent apartment on my own?
Additional Details
I live near Philly. I'd be willing to live in either the surrounding suburbs or in the city.... |
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 Can a mortgage company close on my loan even if I'm making the payment obligations? |
| If the worst happens (i.e. panic, stock market crashes, all banks go under), is there any scenario in which the company that owns my mortgage could close on my loan even though i'm making the ... |
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leftixxx | If I have a 15% deposit on a property I wish to buy, do I still have to prove my earning's? |
...or can I have a mortgage, no questions asked? I am a first time buyer |
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Munki nutz
 |
They need to know your earnings becuase that is what the mortgage is based on.
I think you can have 4x your annual eanings if single application or 3x times you & your parnters annual ernings if its a joint application.
this is the main problem, its not that you cant afford the monthly payments, it that you cant get a big enough mortgage due to your earnings.
you might be on the roughly the same wage you were on 2 years ago, but in that time, house prices have shot up |
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alatoruk
 |
unless you have 100% deposit you are borrowing correct.
would you lend money to someone unless you knew they had the ability to pay it back.
ohh lets see, the easiest way to prove that is proff of earnings. so the answer is YES. |
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simplesimon
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Yes! Of course you do, the banks needs to assess your ability to repay. The fact you have (for example) £22.5k doesn't mean you will be able to afford the repayments on the £130k mortgage you will be taking out.
If you cannot demonstrate this, they may still consider you with a guarnator. |
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wonderingstar
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of course you have to have proof........... |
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sonya
 |
if you have a good credit score you can go for a self cert mortgage, i did this when i got divorced, it does depend on what equity you already have in the property or in your case deposit. Go to a mortgage advisor and see, you do sometimes have to pay a slightly higher rate of interest if you do go for a self cert type mortgage but its better than been refused because they dont think that you earn enough. |
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Deliah
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Wow unbelievable the people who respond without a clue! IF you have a superior credit rating you could get a no doc loan. They are so very hard to find right now and the hole on that one might even be dried up as of the last few days.
Now if you report fraudulent income and you start defaulting on the payments and they start investigating you would be charged with mortgage fraud.
So the answer is yes but it is going to be real hard to find on your own, go to a GOOD broker. IF your credit score is superior otherwise forget about it. |
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*New Mummy*
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you will still have to prove your earnings because they are still giving you the rest of the money. You are in a very good position though. You should get a martgage with a great rate |
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Rob K
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Yes, otherwise, what will you use to pay the other 85%?
Also, they will have the details of your place of employment.
You are less of a flight risk.
If you buy a house with a 15% deposit, you could get loans and all sorts for 'home improvement'. Then you could do a moonlight flit and disappear with hundreds of thousands of pounds.
it's not just as simple sounding as that but I'll not go into details so others don't find out. |
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Smokin' Gun
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Yes you do.
No matter how big your deposit you still have to prove your income as your income is what your mortage agreement is based on.
And I would be very, very wary of any lender that offered a mortgage on a 'no questions asked' basis |
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katy_bug56
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probably - they want to know how you are going to pay it back. They may also be curious as to how you got the deposit, but mostly they want to see how you're going to get the money to them every month
good luck |
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pfelmar
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I am writing to invite you or your company to look carefully at this proposed project for a Hotel with 100 rooms and equipped with recreation facilities which include squash, gymnasium, Turkish baths sauna and full spa facilities.
Alongside this hotel complex will be 200 villas, 118 apartments and a Club for social and recreational activities - to include indoor and outdoor swimming pools, tennis courts and restaurants
This whole project will be built at Espartal - a hill between the two beaches of Arrifana and Amoreira
I am looking for investors who can commit to the start of this project and have the patience and foresight to see it through to the end. This is an excellent way to invest in capital projects in Portugal. The area is an up and coming tourist destination in the Western Algarve.
The nearby beaches of Arrifana and Amoreira are spectacular with the dramatic western Portuguese coastline as a back drop.The hills are a maze of tracks to explore.
Espartal also offers a paradise holiday for those who enjoy the tranquil outdoors for walking, cycling, running, cycling or just chilling out
I enclose more detailed information for you to study. I shall call you in the near future to discuss the proposed project further.
Yours sincerely
paulo |
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anonymous
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paulo u are a theif..why start a project if you dont av adequate funds? Any sane person wouldnot invest with u |
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