 Terrible landlord. I am moving and want out of my lease. Afraid of eviction? |
| I live in Georgia. I am pretty well versed on eviction in Georgia. I am moving to Alabama. My lease is not up till next July and I am not willing to wait. I live in a badly run complex and my ... |
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 How did people have homes before banks invented mortgages for the sake of profit? |
| With a mortgage you don't even own the house until 30 years later after you make all the principal and interest payments which means you end up paying double the original purchase price. There ... |
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 Questions to ask when purchasing a home.? |
My spouse creature and I are going to be buying a home for the first time soon. I need to know what questions I should ask about each home I view.
If there are specific issues with ... |
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 Interest Only Mortgage? |
Can someone break it down for me?? If I get a home that is 250K and I only pay the interest, will I build equity in the home?? Hope I dont sound stupid asking this!!
Thanks
Additional D... |
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 Landlords: How do you screen tenants to avoid deadbeats? |
| I verify references, employment, former landlords, and still have problems with paying the rent and skipping out on the rent. I have taken to filing evictions just so there is a public record to ... |
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| I have two houses I am considering buying. One has "a bad termite report" (whatever that means) the other has a lot of mold on one outer wall of the bedroom. Which would be worse?... |
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 I live in a duplex and my landlord is selling the property and did not even tell us. is that legal? |
Additional Details
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 Accept a check for first, last and security deposit? |
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 Can anyone buy a house on $28k income? |
| When I talk about renting everyone says "you are throwing your money away" and talk about 1st time buyer programs. But do I have any other choice than to rent when I live alone and make so ... |
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CARRIE M | If i make 30,000 a year can i buy a house? |
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profclean2000
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Yes, depending on a few things. Those being how lang have you had your job(at least 1 year usually), what is your credit like (600+), how much other debt do you have (monthly payments less than 10% of income), are you marrried? Your best off to just go to a bank, they can tell you in 10 mins top. |
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Tajuana
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not in California... seriously I went to check it out today my fiance and I make about 90,000 a year (gross) and we have good credit scores... high 600 and low 700 and we have very little debt about 700.00, and we qualify fine but even with the best loans we are looking at paying like 2300 a month for a little ity bitty place.. we tried fixer uppers and all kinds of things but with out A LOT down there is just no flippin way... no way. Its so upsetting.... |
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Searchlight Crusade
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$30,000 per year is $2500 per month. A paper guidelines allow you payments of 45% of monthly income, subprime in general goes to 50.
So A paper your limit is $1125, subprime it's $1250. From this, subtract any monthly debt service you already have. What's left is your monthly housing budget. For good credit 6% thirty year fixed rate mortgages are very doable right now - perhaps as low as 5.5, but let's stick with 6. If the mortgage was the only thing, you'd qualify for about $187,500. Unfortunately, there are property taxes and homeowner's insurance to consider, and perhaps HOA fees. I'd say that depending upon where you are, a loan between $120,000 and $150,000 would be feasible, not considering rental income from roommates. Add whatever down payment you have to that, and you have what you can afford. If that buys a home in your area, there you go! Around here unfortunately, it might get a cheap 1 bedroom condo. |
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Magick
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Yes but you may not be able to buy a house over $150k.
Don't go for Intrest only or ARMS, there are a large ammount of people that have problems down the road with those types of loans. Get a regular mortgage with fixed rate. Consider a 40 year if you find a broker that does them.
My advice is to make sure your credit is in fact good. Shop arround and talk to brokers for the best deal. Check on first time buyers programs. Save your money up for a down payment and closing costs. And take the time to find a house you can afford and enjoy living in. |
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fifty
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First you should have six months salary in the bank plus money for a down payment. If you will not be left with six months salary, you might want to look for a second job or make sure that you can save a significant amount of money in a short period of time or make sure that your job is very secure.
Write a budget and come up with what you can afford to pay per month for a mortgage. Calculate at the current interest rate what price you can afford to pay. Don't forget to include the downpayment amount. Banks are the hardest entities from which to get loans. Try Ditech and some online mortgage lenders as well. Make sure they are decent companies to deal with. Some will jack up the interest rate the day before closing (which has happened to me both times I have bought a home), so try to get some references from this site. |
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Roscoe P Coletrain..yip yip
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You can buy a house in texas |
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Jess B
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Yep depends on your situation and what house you are trying to buy.
You would need a mortgage person in your area try to figure that out with you. |
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maggotier
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Yeah but it depends on what you are trying to invest into. |
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?
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yes ??? if you live with your parents ???? |
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Rishi
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It depends if you are married, have kids and what are your expenses every month.
But usually people with a salary of $30K per year, win $2,500 per month; that means that if you live alone, without not much expenses you will be able to pay the mortgage, if you live with another person that makes the same as you, you have more chances to buy a property. |
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Matt J
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Yes, but you need to watch you payments.
Matt
http://www.diversifiedlender.com/
http://www.minnesota-mortgage-rates.net/
http://www.realestateagentlive.com/ |
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john_lee910
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No you cant,maybe in a bad area of town,you need to go back to school and make more money....im happy at 75,000 a yr |
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learningnewthings
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depends on your current debts, calla mortgage broker in your area , ,to find the best loan shop three mosrtgage brokers. |
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citronge
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Yes, as long as you have a good credit rating, and don't get into a house you can't afford. Remember to don't want to be "House Poor!" Make sure you don't have to much current debt, this will not help you in the Debt to Income Ratio. |
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