 Should real estate 'house flipping' be outlawed? |
| I have an adverse opinion to this real estate practice of buying a house, holding it for 90 days and then re-selling at large profits. I believe this practice to be dishonest and one of the reasons ... |
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 I am buying a house!!? |
I am buying a two bedroom house in swansea, it's on the market for 96,000 and i've been approved a mortgage for this amount and i have put an offer in, which has been excepted.
A... |
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 Cost of owning a home versus renting a home? |
What is the real cost of owning a home verses renting
Additional Details
I guess what I am asking is what other fees are there in owing a home. Is tax a major issue etc.... |
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 Rent increase before lease is up? |
| do i have any rights if my landlord increases my rent before my lease is up? i thought while under a lease rent couldnt be upped until my lease is up. I have no problems with my landlord except he ... |
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 Can I break my lease? |
| I live in Owings Mills, MD. My car has been hit multiple times outside of my apartment. Also the other night my fiance caught a man trying to break into my car. I also recently got a new job and ... |
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| I got accepted for mortgage, and i asked seller can i have house for 220 k instead of 225k.? |
| she said no too me, it was meant to be a private sale and she is my mothers next door neighbour. My point is house value is 225k and shes asking for 225k surely 220k isnt a bad offer.. i thought that ... |
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 Can I get rid of Private Mortgate Insurance now? |
| Hi. We bought our house in 99 for $145 k. We then refinanced and took out a loan in 03 - so our new loan balance was $210k. Our current balance on the house is about $198k. We're still ... |
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 What is better - renting or home ownership? |
| I've been throwing a lot of money in the past few years at renting places to live. I hate to think that this eats up a good piece of my budget. I was wondering if it'd be easier to own a ... |
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 Is there a fee for using a realtor when purchasing a home? |
| My fiance thinks no, and that the fee is paid by the seller. It seems to me that the seller would tack on the fee to the selling price so ultimately it is still the buyer that pays it in the end. T... |
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 Can a landlord charge me for a new subfloor in the kitchen when we only ripped the linoleum? |
I am having so many issues with my old landlord and we haven't lived there is over a year. She is charging me for the following damages...
-Tear in the linoleum $900 (we agreed to buy new ... |
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 Noisy neighbour? |
I have just reported a neighbour because I can hear him beating his children (they visit him on the weekend) and the kids are scremin so much that it scares me.
He also plays loud music at ... |
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 Can anyone tell me the benefits of having 100% equity in your home?? |
| Like what are your options, especially if the value has gone up?? Are the benefits really good? What does it mean when you are ready to sell?... |
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 Good Credit, Have Debt...Can i get a Mortgage? |
| By year's end I will have about 15k in credit card debt. I currently make between 45k-50k and am looking to get a condo under 150k with around 10k down and I am a first time home buyer. I have ... |
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 Would u be "pissed" if your fiance bought expensive "toys" rather than saving for a house/wedding |
| We have been engaged for 2 yrs and he just got out of debt and has some extra money now.I want to put money away for a house/wedding(both of us) but instead he keeps buying expensive stuff(drums/car ... |
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| If i have been renting a home sence 1992 from the same man do i get equity in it? |
| when renting a property that i have paid two times the retail market value. is there any way to have equity?... |
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 Why haven't we gotton an offer on our house? |
| We are selling by owner, but we have our house listed in the MLS. We are paying a 3% commission to a buyer's agent. We have listed our house according to a realtor's recommendation, based ... |
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Amanda D | Im a single mom of 2 small children and there is a house for sale down the street for 40grand how do i get it? |
i need a first time buyers loan, maybe a grant, but i dk how to go about it. Im all by myself out here and dont know where to start and dont have alot of money, but i got a decent job. I need a loan without an adjustable rate, i d want to loose it when i get a house so can anybody help me?????? |
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Russ
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.There are several loans that require no money out of pocket ( FHA, USDA,etc.), depending on your credit.
First, find a reliable mortgage banker in your area (not a broker), and let them get you pre-qualified & pre-approved.They'll guide you the rest of the way.
Try to get referred to one from a friend you trust who has been in the business 10+ years to insure they know what they're doing.
I'll answer any questions you might have via e-mail, and I will not try to make you a customer (I will just guide you) .Beware of folks soliciting for your biz on here,they must be desperate |
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Lottie W
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First of all, call a home loan company-NOT a BANK! and apply for a loan.
This is called "pre-qualifying." It means if what you say is true, you can afford to buy a house. Then they check.
Tell the person your situation and asks what is available. Get your loan in place FIRST-then go for shopping.
USE a Realtor for a first-time buyer who will help you sign the papers, make offers and guide you through the whole process. if you do it a couple of times and can deal with all the complexities, you can go without a Realtor next time. Deal with someone you can talk honestly to. If they don't talk easily and directly to you or you don't trust them for any reason, pass and get someone else. It is there business to help you. YOU do not pay them anything. Their fees are part of the house price and the person selling the house pays the fees out of their share.
To find a Realtor, go to several realty companies and talk to several people. Call around. Ask your boss who she would recommend and why.
do not COMMIT to buying from anyone until you are listened to and feel comfortable. That is their #1 job.
Chances are a home that cheap will so many things wrong with it that it won't qualify for a home to be bought. Companies with money want to be sure the house it worth taking abck if you don't pay!
Tell your realtor what you are looking for and what you can afford to buy-according to what your finance company tells you.
NEVER sign anything without fully understanding it. Do not let anyone push you. This is your life and your money.
Picking a house and THEN going to get the money is about like going christmas shopping at Walmart and getting heaps and piles of stuff--then you get up to the register and don't have your wallet. While you are gone to get it, everything in your basket gets bought by others.
And you have to start all over.
Never go shopping for a house until you have a clear and reasonable idea of what you can afford.
We all WANT a million dollar house with 2 pools and a pool-boy, BUT once you have fallen in love with a house you cannot afford, you will hate any house you CAN afford.
What do HAVE TO HAVE? A garage? 2 bathrooms? A fence? Will a condo do? 5 bedrooms? room for your horse? Figure that out and see what is out there. Wear that realtor OUT! You are her job.
When you buy a house, buy from/through her. That is your commitment to her for all her hard work.
She can show you any house in the state! No matter whose name is on the sign, call YOUR realtor. She is your FRIEND in the business.
This is a buyer's market right now-good for YOU, BUT getting a loan is VERY difficult. There is usually grant money and other stuff-early in the year-it might be gone by now. ASK your REALTOR. She will know or know someone who does.
PS you are NOT all alone out there. You have to ask! So you did! Keep asking and you will see you are among friends. |
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Blue Rose
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Go to the R/E listing office. Explain your situation and they will lead you to a mortgage lender - whose job it is to assist you the buyer with all aspects of trying to obtain your first home/mortgage. |
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linkus86
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Each state has a special loan program directed towards lower to median income borrowers. The rule of thumb is that if you can qualify for an FHA, you can get their help. Depending upon your income you might also qualify for a grant between $4500 and $15000 depending upon where you live. Often these programs can be hard to find and mortgage brokers often don't mention them to clients because they can't make as much money off of them as they can with other loan programs. The first place to look is with your state's housing department, but when your looking for anything within the government it can be like a maze. So if you need help, feel free to email me. |
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Pamela D(midget12_
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you first need to talk to real estate person, also will need to have credit check run to see if you make enough money and credit is good enough to buy house. You will need to have 10-15 percent as a down payment up front
Don't fall for these make money quick schemes cause you will in turn loose everything.
Just call real estate person and go from there.
GOOD LUCK |
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mangledmatt s
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I don't know how it is in the states, but, for starters, in Canada if you don't have 20% of the value of the house to put down, you've gotta pay a large mortgage insurance fee. So I would not advise buying a house unless you have at least 20% of the value to put down.
Second, if you make good money and you have a substantial amount of the value to put down, you'll probably be able to get a mortgage no problem. I would get the help of a finance savvy friend to tell if the mortgage rates are good. Shop around, try to get a mortgage that won't penalize you for paying early. Have you heard of ING Direct? Their commercials seem to have good mortgage deals.
Lastly, about the buyers loan or the grant, talk to an accountant or tax specialist at a local accounting firm. They'll be able to structure you and give you advice on how to take advantage of these sorts of things and pay the least amount of taxes possible. They'll pay for themselves quickly by the taxes you'll save.
And one last thing. You've gotta get approved for a mortgage before you even start looking for houses, that way you'll know what your price range is. Leave a little room for renovations and miscellaneous expenses. |
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katrina_alyse
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You can just go to a bank, and talk to them. Most banks have people that specialize in loans, and most of them can help you. |
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Justin McCallum
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That what Fha loans are for. I am a mortgage broker and specialize in Fha loans. I can give you a full explaination and break down of how they work. Most of time youi can get $0 donw financing. justin.mccallum@mail.moneystore.com |
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Katie
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Talk to the agent selling the house, you can put what you want to pay for it in (your offer) since you can bargain with the seller. If the seller accepts your offer, you will have a mortgage from the bank. The more you put down on the home, the less your monthly payment will be. Make sure your loan is fixed! |
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ClarkWorld
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Outside the house on the for sale sign there is most likely a phone number, give it a call and tell them you want to see the house. Then after that go to a bank or mortgage broker to work on getting a loan. |
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Mark Maxine
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contact me on my Email mark_maxine700@yahoo.com |
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aprilbaybii93
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you won't get it. Do you get child support, are you a famous doctor? THINK sweetie. Well, i guess you could sell your old house for more than it's worth. |
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