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| It is in the divorce decree that she owes me money, but she said she needs this quit- deed signed first, In the decree it said she would refinance the house to pay me instead she got remarried in 3 ... |
|
 Please HELP! my boyfriend wants to get a joint mortgage!!!!!? |
| we have 2 kids together but we have a lot of issues that could potentially cause to split ( well, his issues). what should i do???... |
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| I know it would depend on a number of things but just want a rough idea. Would be looking for a place in south east london.... As i am a student could rent out to a friend or too (I'm only first ... |
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 We are buying a forclosed home that we just found out is owned by indymac. Any ideas on what will happen? |
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| My husband and I have bad credit and having a hard time finding a morgage company that will finance us, Is there any morgage company out there that will finance a 30,000.00 home for a first time home ... |
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 Do you feel sorry for people who buy a house they couldn't afford? |
1) The bank gave them the loan
2) It was a variable rate, so after 3 yrs or so they KNEW it would go up.
3) Shouldn't a person have enough common sense to know it was too much to ... |
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| I live in Queens, NY and want to know what my rights as a tenant are. We have lived in the apartment for over 24 years and do not have a lease, we pay month to month. We have never had any problems ... |
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 In my situation is an interest only mortgage right for me? |
| I own a home, brought it in 12/04 (2 years to the date) for $242,000, the Appraised Value as it stands is $305,000 so it has appriciated $63000 in 2 years. Our current mortgage is a 30 yr fixed rate ... |
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 We just bought our first house? |
What are some maintenance things we should be aware of? Do you have any tips? We live in NJ, the house was gut renovated, and everything is new. Thanks!
Additional Details
Thanks ... |
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| There is this guy who is stalking me. He keeps knocking on my door and trying to get me to have sex with him for money and trying to sell me drugs. I have no clue who this guy is. I have called the ... |
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 It is possible to just give my house back to the mortgage company? |
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 Is it a good idea to buy repossessed/foreclosed homes? |
| i'm a first-time home buyer and i want to buy a house that i can afford and that won't give me as much stress when it comes to finances.... |
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 Can some one help me? I have applied for a loan and the loan was approved.? |
| I haven't got the closing date yet. How long after the approval dose it take for the closing to happen? The company I am working with is a broker. They say I have been approved and I have ... |
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grafguy06 | Is a down payment required at closing on a 100% home purchase loan? |
Wouldn't the down payment represent the portion of the purchase price not covered by the loan? |
 |
 
victorschool1
 |
100% would be a loan for the entire cost of the home, so nothing down on the house, BUT, they may want you to pay for some loan fees and/or points, so you still may have to come up with some money. |
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randyssgirl25
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If you are getting a loan for the total amount the home that you are purchasing than no but you will have closing costs that you will need to pay so you might want to check into getting your closing costs added to you loan if you don't have to money to pay out of your pocket, the place that you are closing with should be able to tell you what your closing cost will be! Best of Luck |
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babedoll_nj
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No there is no down payment required on a 100% purchase, however you do have closing costs to think about which should have been brought to your attention at time of loan application. You are always going to have to pay for the closing costs, unless you ask for a Seller Concession and have the closing costs financed into the mortgage.
Hope that helps! |
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John T
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Most Real estate companies ask you for a 1,000 dollars down payment or deposit when you are signing a sales contract. but usually this money goes to your closing cost. this money is also given to the broker of record and kept if you do not close on the property without any of the parties fault. |
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tennessee
|
you may have to pay closing cost and pay points. talk to a banker or mortgage counselor. before you start looking at a house even.
get your ducks in a row so to speak ! Good luck
Check out Capital mortgage in brentwood tennessee.
Dave ramsey recommends them and they have a great page! |
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tom r
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Babedoll and Randy gave you great answers, cant really add much to it |
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mortgage help
|
no
you will still have closing costs to pay for unless you get the seller to pay them. |
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She She
 |
NO!..That is why it is a 100% loan..You will still have pre-paid items (such as insurance and taxes for escrow) and you will still have your closing and loan costs (such as appraisal fee, doc. prep. fee, closing costs to the title company and such) amounts to about $2500.00
But you should not have a down payment...ss |
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mazziatplay
|
100% financing is just that, the lender finances 100% of your purchase price. There are, however, depending on your loan type, closing costs and pre-paid finance items.
Closing costs will include but may not be limited to things like, loan fee, any discount points (probably not required unless you opt to buy the interest rate down), appraisal fees, title and escrow fees, flood insurance certification, tax service fee, processing/underwriting fees, and county recording fees.
Pre-aids include, your first year's fire insurance premium, any property tax pro-rates, and interim interest.
The total of thesee costs may be as high as 10% of your loan amount but usually runs from about 5% - 8%.
A motivated seller can pay some of thes costs for you. Your lender can pay some for you by increasing your interest rate a bit and using the overage paid on the higher rate to apply to your closing costs ( this will require a very ethical loan officer as many of them want to retain that overage as income), or you may finance your closing costs on some loans.
I don't know where you are or where the property is but you might ask a local mortgage banker about the Rural Housing Program. It is 100% financing with financed closing costs and no Private Mortgage Insurance at competitive rates. It isn't available everywhere but it is worth checking out. I'd be happy to see if your property qualifies. You can email me. |
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Hena
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If you are looking for a 100% mortgage home loan, than NO you will not have to come out with any down payment towards the house out of your own pocket , it will be just like it is a 100% mortgage loan of the property purchase amount. However there will be closing cost. I am a mortgage consultant and I can show you how you can get into your 1st home even without paying your closing costs at all! That means you can purchase your own home with no money down and not pay any closing costs at all so basically you move into your own home without a penny out of your own pocket and just pay your monthly payments. Feel free to contact me at hena1ch2@yahoo.com or at h.chavarria@globalempirelending.net and I will be more than happy to assist you every step of the way.
Hena Chavarria
Mortgage Consultant
Global Empire Lending Inc. |
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