 How can we get a home with no money down, bad credit and debt? |
| My wife and I both have bad credit, I had bankrupt. in 2001 (discharged in 2002) And I have about $25k way over due in student loans. My credit score is about 580. My wife has a credit score of ... |
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 Should I go, or should I stay? |
My appartment building was sold, new owners promised all kinds of improvments. After a few upgrades were done they, told some tenants their lease was not being renewed.
My lease expires in Dec. ... |
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 Bad service form an realestate agent can i get out of the contract? |
| I signed a contract to sell my house. The agent never returned my calls always took 5 - 10 days. They would rumage through my belongings, leave the t.v on after an open house, and gave me 10 ... |
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 I own a house and rent it out, but the rent doesn't cover the entire mortgage, and I have fallen (see details) |
| behind on the mortgage payment and am thinking about letting it go to foreclosure. Can I still collect the rent? And what should I do with the rent money? Do I have to keep it in an account, or ... |
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 Why are there so many home foreclosures? |
| I've been reading about how there's a real big problem these days with people losing their homes? I'm sure that sudden unemployment or over-spending might account for some of it, ... |
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 If you put your house for sale do you have to sell it if someone offers your asking price? |
| if asking 200k, and a buyer offers 200k, do you have to except his offer. is there a penilty if you change your mind and do not sell it to the offerer?... |
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 When is my first mortgage payment due?? |
| I have just applied for a mortgage with my partner. I was just wondering about the first mortgage payment. If we are accepted for the mortgage, when will the first payment be taken out of our bank?... |
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 What do you think of this move out deposit? |
| I rented for 2-3 years. We had cleaned the house and had the carpets proffesionaly cleaned. We did our walk out inspection on the 5th. The lady said that it was 'one of the cleanest houses' ... |
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 I was willed a home that is upside down on the loan? |
what options do i have?
I cant afford to keep it...can i just tell countrywide to take it???... |
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 Flatmare refusing to pay rent.? |
My flatmate is refusing to pay rent, however she has signed a joint lease but the rent comes off my account.
She quit her job and now has no money but she's refusing to contribute ot rent, ... |
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 Can i sue my previous landlord for this? |
| My previous landlord is trying to sue me for damages to the house and not paying rent when they kicked us out 3 months before the lease is up. Also they kept the security deposit that I was promised ... |
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 Customer wont pay? |
| I have just fitted a kitchen for a customer and they are refusing to pay. The kitchen was fitted last week and the money was due today but they say there is a scach on the work top so they are not ... |
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 How does paying down a huge amount on my mortgage affect my payments? |
If i buy a house for 300k, put down 30k and get a loan/mortgage for the remaining $270k . if 1 year later
i pay off a big amount of about 50-60k on the loan, will that help my loan payments at ... |
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 How do I get my landlord to stop the flooding of my apartment? |
| I have a townhouse that has a porch and sliding glass door. Twice since i've lived there and we get heavy rains, the water comes in from underneath the carpet by the door. The first time it ... |
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 As a tenacy with contract of one year how long notice i ha to give to may landlord as i lived 6 month? |
| I lhave a contract of one year in a property in uk i benn living about 6 months now i need to give notice to my landlord do i give one month notice or 2 months?... |
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 How to change from a 30 yr mortgage to 15 year? |
I bought a house a year ago and am in a 30-year mortgage. I was just looking at a 30 vs 15 year calculation and the 15 year mortgage is only about $100 more a month.
Can this be right? The loan ... |
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 My lease ends July but, my apartment says I cannot get out of the lease until September.....? |
| My lease ends July but, my apartment says I cannot get out of the lease until September because I didn't give them a heads that I was leaving on July. Is that true?... |
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 Once the old house is purchased how many years can you sew last owner for hidden faults? |
| we bought the house last year only to find out that the floors are completly rotten under ceramic tiles as well as the floor in the basement under carpet. Rotting is due to water entering over ... |
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sirsmokealot51 | If i make $17,000 a year, what kind of house (price wise) could i afford realistictly.? |
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Vicky L
 |
go to yahoo real estate section, they have calculators for you to use. These calculators should be able to help you realistically compute what you can buy.
according to the calculator, and assuming that you have no other debt, you can realistically buy a $64,000 house. |
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Dr. Deth
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probably no more than $50000 |
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meandnadine
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A good rule of thumb is that your mortgage payment should not exceed 25% of your take home pay.
So, if you take home $17,000/year, you need a payment of around $325/month. |
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Emmy
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I agree, no more than $50,000. Remember property taxes, ALL utilities and any other bills you have. Realistically, you can't afford a house on that salary unless you get a foreclosed house for VERY cheap. It would be unwise to mortgage a house on your income. Consider renting until you can make more money. |
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cjray4
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You should check on a FHA loan or something like that and they will let you know how much they will loan you. |
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formula2516
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It mostly depends where you are located. Forget Florida. I llive there as an invester. Contact a mortgage company or just do it on line. You can look at realtor.com and see what is out there in your price range. Do not go with the first person who says they can get you into a home. SHOP AROUND FOR PRICES OF MORTGAGES! You can also try some For sale by owner and do a lease option just to get your credit score higher. Also look at maybe buying a duplex or 2-4 family so other people pay your mortgage and insurance. It looks like about a $44,000 house. If you buy a multi family you get more of a house because you use the income from the tenants as more income for you to play with. |
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Yankees
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Your mortgage would need to be quite low. However, no one can really answer this for you because we don't know what other debts you have. Ideally, you need to determine your debt to income ratio. This will then determine the type of mortgage you can comfortably afford. |
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Evan W
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You should look to rent. Trust me, buying a house is not a easy thing to do. I make more than double what you do, and I am flat broke most of the time. I bought a cheap house also. The payments are cheap, then there are taxes, water bill, trash bill, electric bill, gas bill, phone bill, cable bill, house upkeep (on a cheap house, usually is not cheap), house insurance, car insurance, fuel for cars/lawnmowers, you need furniture, simple lawn tools, lawnmower, groceries. Its hard to do, if I were you, I would continue to rent until a big promotion comes my way. |
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Sprout
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you will need homeowners insurance which is an added expense. If you live in a rural area the real estate taxes would be relatively low. You need to make a high down payment if you can and shop around for a good rate and terms. |
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Albert L
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I think you should be working on finding a new job rather than a house. |
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philosophy dude
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i would focus on college and not a house. |
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