 Where do get the best bang for your buck? |
| Like where is a great place to live where you can get more of a home (bigger and nicer) for really cheap??... |
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 I Need to Pay My Rent by the 5th, I don't get paid till July 15th, I'm thinking about getting a title loan. |
| Is it possible to get a 30 or 60 day interest free loan from a title loan company? I just need to make it to the July 15th payday and I will be able to pay it back. I need to get 1400.00 from them. I ... |
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 23 yrs old- too early to think about buying a house? |
| So I'm 23 and still live with my parents. I want to get my own place but I don't want to rent. I want to buy a home but I don't know if I can afford it. I recently bought a new car and ... |
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 How much is your rent? |
Mine is $600/mo. for 2BR in Asheville, NC.
How much is rent in your area?... |
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 Do anyone know where i can rent a house or get information on renting houses? |
my husband and i are looking for a home to rent. if anyone
knows where we can rent a home or information on how to go about renting a home, can you guys help us out?... |
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 I want to buy a house and rent it to make money. Is that a good idea? |
| I was also thinking apartment complex, but do you have to get financed by a bank, and will they let you rent out the house? And how d you get financing for apartments?... |
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 How do I know what I owe for rent if I move in the middle of the month? |
| My lease ended several yrs ago so it's month to month. My landlord says I owe him for all of Feburary. I think I owe him for the last month I rent. When I moved in I only paid 1st months rent ... |
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 Why, when the value of my house has fallen ,? |
| must I continue paying the full mortgage price ? I consider the banks should be made to drop the value of the mortgages for all home buyers////.... |
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 How many people know that the twin towers were brought down by demolition explosives? |
| THE PLANES WERE JUST AN EXCUSE TO HAVE SOMETHING TO BLAME THE FALLING OF THE BUILDING ON. AS WE ALL BELIEVED AT THE TIME, IT LOOKED CRAZY! I HAVE VIDEO THAT IT WAS NOT THE PLANES.... |
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 Need to sell my home quickly!!!? |
| im currently looking to sell my home and we need 120,000 for it how do i go about selling it quickly for that amount?... |
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| Living in a council house,have had a damp problem for about 5 months,every time i call the repair phone line? |
| they say there is a back log with jobs regarding damp and they will call me back,which they never do,,,,any ideas how i can make them sit up and take notice of my situation as i have had enough of ... |
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 Renting a house? |
| My hubby and i have signed a shorthold tenancey contract for 12 months. Can we leave earlier or do we have to stay until the end of the contract as we want to buy a house? please any sensible ... |
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 Perfect house but its in a bad location what would you do? |
| The house that my husband and I found is perfect!!! The only thing is its next to a paper mill...which you can imagine that the smell the mill gives off is horrible. Were stuck because the price is ... |
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 Interest rates? |
| I'm getting a mortgage, and want fixed interest rate, but im not sure what term to go for. We originally said 3 years, but what are the chances of interest rates being lower than what they are ... |
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 What does Property sold "as is" mean to a seller? |
| I am selling my house, and a buyer come in putting this term on the contract. What does that mean? And what risk do I have? Thanks!... |
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 What is the best way to go about buying our first house for a young couple w/not alot to put down? |
| Just married w/a little girl. We want to settle in a home of our own and maybe expand our family. We need more room to grow for the future. We both work extremely hard but still struggle on how we ... |
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JuJu C | If you qualify for a $150,000 home loan but the house is only $130,000, Do you get to keep the remaing? |
We are trying to get qualified for $150,000 home loan. The home we are looking for is actually only $130,000. Would they redo the loan or could we keep the $20,000?
Additional Details
I was asking because the house is bank owned and needs A LOT of work (Like new walls, cause it was burned) so I thought maybe they'd let us keep it to fix it. |
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Peilthetraveler
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Here is what you can do. Buy the house for 130k, then go get what is called a title one loan. Very easy to get and you dont need equity in your home to get it( or even an appraisal). Its basically a second mortgage, but you get up to 25k to do home improvements (but you just cant get luxury items like a new hot tub and stuff like that.) Just google "Title One loan" to find out about it. |
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Marie P
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Qualified doesn't mean a check. That just means you can get up to that amount to spend on a house. If you qualify for 150 and get a 130 house, you get 130. At least that is my experience... |
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Andrew S
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they'll make the loan for whatever the house sells for but sometimes you can get them to roll the closing costs, etc. right into the loan |
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Amanda
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No. They will loan you whatever you are offering for the house. |
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lorijotx
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You only get a loan for the price of the house. You don't get any extra. You qualify for UP TO $150,000 your loan will be for the exact amount,$130,000 |
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Rikounet
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No, because they'll only give you 130k |
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Duk Dong
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No, your chances are probably better for getting the lesser loan. |
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TheOneOfLight
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..its a loan..dont keep it or you will have to pay more back in the future. You shouldn't just be thinking about today. The bank wants you to keep that 20,000 dollars too, because they will make more money off of you. "Money, like everything else, has a price tag on it" - My business teacher. More money you take, the more interest you'll have to pay to them. Tell them to keep the 20,000. |
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Troublestylist
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If the house is only appraised at $130,000k, they won't loan you $150,000, regardless of how much you pay for the house. |
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Yay for green crayons!
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no, you simply get a lone of $130,000. just because you qualify for $150,000 doesn't mean you will be borrowing that no matter what. it just means you can't take out more than $150,000. |
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src50
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No - it doesn't work that way. No lender will give you a loan for more than the value of the house. |
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Rex T
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No. You can get a loan up to 150,000, but they will not lend you more than the house is worth. If they had to foreclose, they want to get their money back. In fact, you will have to pay at least 5% of the house price in a down payment, so they will only really finance up to 95% of the house. If your down payment is less than 20%, you will have to pay a monthly PMI payment that is about $100 a month (more or less). This is insurance in case you default. Banks do not like to finance more than 80% of a house. |
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Moto
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you should by why you want to add more money to pay back just take what you want and try as much to pay back dont ever owe anyone anything especialy the goverment |
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Its Cold Outside
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idk. I think u would just give them the $20,000 back since u don't need it then u'd just have 2 pay $130,000 back |
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Jeanie
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I disagree with the answers so far.
1) If you qualify for a $150,000 loan that means that the bank believes that you can service a debt of that size. [make payments]
2) How much the bank will loan on the house depends on the appraised value of the home. If the house appraises at $150,000 the bank will loan 20% of that amount.
3) Banks often loan more than purchase price if the property apprasise for more than the purchas price and the purchaser qualities for a higher amount.
4) It is also common for banks to loan to remodel homes. |
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