Home | Links | Contact Us | Bookmark
Financial Forum Search :
   Homepage      News      Financial Topics     Finance Directories      Financial Forum      Dictionary  
Financial Forum    Renting & Real Estate
Finance Discussion Forum

 Is it possible to buy a home or condo with absolutely NO money beforehand?
no downpayment, no closing costs, ...


 Empty apartment and these?
hi. i'm in small apartment building. there is a apartment next to me and it is empty. now the manager is trying to clean it but leaves the door open!!!! now these strange teens, men, hookers, ...


 My roommate got a $400 credit on our rent because he resigned for another year, should I get any part of that?
OK, so the backstory here is that my roommate lived alone for a year in our current apartment before I moved in. He then was offered a $400 resigning bonus to sign another year on the lease. When ...


 Is it generally a bad idea to rent a room from a stranger?
i am looking for a place to stay. i have found a room to rent down the street from where i work. the rent is right and everything, but i just dont know what it will be like living with some one i ...


 What would you do with $200k?
...


 Is a document legally binding if I signed it when I was a minor?
I signed a lease for an apartment when I was 17 because the leasing agent didn't even check my birthday on my drivers license. I hate living here it sucks. Is my lease even legally binding, and ...


 Do I go with CountryWide for my first mortgage?
My husband and I have lived in apartments for the past 10 years of our marriage. However with the recent adoption of our daughter, we want to "settle down" into a home of our own. We ...


 What is the best thing to do when you are behind on mortgage payments and you can't re-finance?
no re-finance because of Bankruptcy
arm loan is up and interest going up to 9.39% and every six months after that up or down a point....


 Can I get any personal loan from any bank without mortgage anything?
Im 25 yrs.indian citizen.can I get any personal loan from any bank without mortgage anything?and if yes,than what is the limit?and what are the requirements?...


 How do i get loan on a forclosure on my house?
My husband was very ill this summer he was off work for 4 months so we got behind on his mortgage now they gave us 30 days or forclose and he has lived here for 17 years, how do we get a loan on our ...


 Doing my own home inspection vs. hiring a professional.?
So I'm buying my first house soon, been bargaining and unless I'm outbid over the weekend, we should have settled on a price.

Now I'm not just rolling in dough, so $300 for ...


 I want to purchase my first home I have bad credit can any company finance me a loan?
...


 Breaking rental lease?
Can you break a rental lease (no penalty costs) in an apartment if you show mortgage papers if you have purchased a new house? I live in the state of Oregon and planning on buying a home in Florida....


 Do I need to buy Title Insurance for my condo? What is the risk?
I am buying a condo in a new development and paying cash for it. I understand that mortgage lenders require title insurance, but that isn't an issue here. I understand that the insurance is ...


 How old is your house?
...


 Can my landlord ask for 5 months rent to break my lease?
Is it legal?...


 In CA, if you pay for a fullmonths rent but move out on the 15th does a landlord owe you money?
In California, I've given a 30 day notice to move out of my apartment on the 15th. My landlord is requiring me to pay for the full month's rent (1st to the 31th). There is nothing in the ...


 What are some good cheap ways to increase the value of a house?
...


 Ok whats the catch and anyone hear of this?
In my mail box is a check for 2150 dollars from my mortgage company. Its like the lottery but too good to be true thought and i hear of all of this dishonesty banks are commiting. I called my ...


 If I put a loan in rescission Thursday, when does it come out?
My coworker is signing papers on a home equity loan and she is telling me she can get the money Monday, but I don't think she can get to it until Tuesday, who is right?...



JOEWIL D
Is 7% interest rate for the first time buyer good?
                     
 




statusquo333
Your interest rate will depend on several factors including but not limited to your credit score, payment history, LTV (loan to value of your home), income, title, etc. If you would like a free quote or to speak with a mortgage consultant try submitting your info to www.restructureyourmortgage.com... Best of luck


weissert21
Rating
Shop around. If you want to know what you should be able to get ask different lenders what they think. As a first time homebuyer I was able to get 6.3% in TN in May, location, credit score, treasury rates, and alot more go into making the decision on interest rates.

Also, be aware that you can buy points, reducing interest rates but causing you to pay out more up front.

Shopping around may hurt you though as well, each time your credit is pulled it counts against it. I have a couple of freinds that claim your credit is hurt by the total number of times it is pulled while others claim its related to the reasoning for the pulling of credit (if 4 mortgage lenders pull within 30 days it would be equal to one) So you may want to look into this as well to insure your credit rating isnt hurt, causing a higher interest rate.


Just me........
Its not bad, But not that great either...

I would shop around...


Blue October
Rating
Joewil-

this is fairly good in today's market...but i can please advise you to make sure you also DO NOT sign for a ARM (adustable rate mortgage) loan!
make sure you have a 30 year fixed with no prepay penalities.
The ARM is a loan that many many americans got sucked into within the last couple of years...the interest goes up steadily and so does your payment and before you know it your payment is double or more....and you end up in foreclosure....
this is why the U.S. foreclosure rate is so extremely high right now.

Congratulations and good luck


mike
Rating
If your in the United States it is a very good time to buy. If you believe it will get back up again. Im canadian and I doubt USA will ever be back up. Canadian currency is stronger than the US currency and the housing market is HOT! after all this it is very doubtful Canada will step down to USA. But if you are a risky person I would buy in USA keep it for a few years and hope it'll go back up.


The "Axeman" cometh
Rating
what interest rate you get is usually dependent upon your credit score and your ''debt to income'' ratio.That is not a bad rate at all if its locked in on a 30 yr. morgage.


Ronin
Yep!


Dr. Deth
Rating
I got 7.00% with no money down and no PMI last year in SE Penna for my first home last year-and only 5 yrs after discharged bankruptcy. How big is required down payment of yours?


mel s
Yes, it is reasonable for a first time buyer.


prwhite55
Rating
i would check around. we were first time buyers with an over 700 credit score and we got 4.65 in 2005


 Enter Your Message or Comment


User Name:  
User Email:   
Post a comment:







Archive: Forum -Forum -Finance - Links - 1 - 2 - RSS - All RSS Feeds
The Causes and the Results. 0.114
Copyright (c) 2011 Financial Crisis Monday, May 28, 2012 - Terms of use - Privacy Policy