 Should I refinance an 80/20 50 year loan w/ a 2 yr arm after 8 months? |
| I purchased my first home in September of 2006. At that time, the only loan I qualified for was an 80/20. (50 year w/2 year fixed arm). The first loand is at 6.97% and the second is at 9.9%. At that ... |
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 Open House a bust...ideas? |
| My home in Northern Mi has been listed since Nov. "06. I haven't had one person look at it, I have dropped the price $80,000, put many improvements, working w/ a realtor (Coldwell banker), ... |
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 Question about renting a flat? |
If I want to move into a new flat at the beginning of July, when should I start looking?
I will be renting, not buying- I understand the market moves really fast and have been told before ... |
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 Is it weird to have or even ask for a "apartment" warming party for your 1st apartment? |
| My Boyfriend and i are moving into our first apartment. Finally! I have waited 22 years to do this. Just a few months after my 23rd birthday, my bf and I will be moving into our first apartment. We ... |
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 My wife's credit score is mid-700s, mine is high-600's, can we get a home loan? |
Additional Details
How do they choose which credit score to use? Experian, Equifax or TransUnion?... |
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 Help!Pending forclosure No sale date Yet........what is the next best move? |
| I am working now $43/hour 32 hours a week as a Nurse, the investor (Wells Fargo)will not work with me at this time (was not able to keep on repayment plan one time last year), I own my home owe $158,... |
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 How long do you have to own a house before you can get a home equity loan? |
| My husband and I are in the process of buying our first home. We got a great deal on the house at 1/2 the appraised value. How long do we have to own the house before we can take out a home equity ... |
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 When should I buy a house? |
With all the news on house prices at the moment, is it a bad idea to buy a house?
I'll probably have enough to pay at least 20-40% upfront but is there a good chance the value will go ... |
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 When selling a house through a Realtor, how long is the contract for? |
| Ive had by house up for sale by owner with no bites. Im thinking about putting it through a realtor but was wondering how long it would be up through that realtor?... |
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| Were can one go to apply for a government grant to buy a home. and if there is some were how long does it take |
| i need help buying my home i live in have bad credit so i thought that there might be some kind of grant program that can help. it can be some kind of loan i could pay back i dont want it for ... |
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 What can be be done about an illegal eviction? |
| I received a phone call tonight from my brother's landlord telling me to come get his belongs or he was going to put them outside. There was no court order, no hearing, no nothing. He went into ... |
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 Is it legal for a realtor to show an occupied apartment? |
| This apartment is currently lived in, with the occupants having a one year lease that is not set to end for 11 months. The realtor is showing the apartment despite a sign that asks them not to and ... |
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 Is Renter liable for damages? |
California:
I was renting to someone who didn't regularly clean the house including the bathrooms and kitchen. One of the bathroom shower faucets began to drip but never told me. As a ... |
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 How does a mortgage work? |
OK, im looking at buying a house and though I have a vague understanding of what a mortgage is, its still pretty confusing. Can someone explain to me how it works, what i am paying, etc...
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lisat41475 | Is it possible for 2 couples to get a mortgage together? |
My husband and I have lousy credit but make good money. My best friend and his wife have the same problem. Neither of us can get approved for a mortgage on our own. I am wondering if there are mortgages out there where more than 2 people can own a home. We are both renting in the same apartment complex right now and we practically live together anyway, but we really want out of here and want a place of our own. Any information you can give me would be greatly appreciated. Thanks! |
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leah_ifft@sbcglobal.net
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I work with a lender that will average the scores of all the borrowers. If they're all bad, it won't work, but if the average of the scores is enough to qualify you, you could be in luck. The rate won't be as good as it could be if you had good credit.
Also, if the four of you can come up with a down payment it will increase your chances.
Don't give up. Get the facts from a mortgage broker. Start saving for a down payment. Start repairing your credit. |
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Ricky J.
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Yes it is possible, a little complicated, but still doable. Just consult a property lawyer and he or she will givr you all the details. |
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n K
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well I think so it won't hurt to ask
because it might inprove your credit rating |
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grayladygranny
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I don't think you can,four bad credits are just as bad as two ,if you could find owner finance they might let you |
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answer annie
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Yes, it is |
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re_love1
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yes, all four of you can get a mtg together. the property will be deeded to the 4 of you equally so you are kind of bound to each other are you sure the friendship can take that? |
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wmp55
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Possible, but if you all have bad credit not likely. |
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unknown
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In my state it is possible for two couples to get a loan secured by a mortgage or Deed of Trust. However the lack of good credit is still a problem. Normally if you can come up with a down payment and keep looking you will come up with something. What you need is a seller who will help. They might even carry the loan. An aggressive real estate agent will also be helpful. One of your big problems will be zoning. Two couples will probably require multi family zoning.
You definitely need a good written agreement at what happens if the couples don't get alone or there is problem with the individuals in a couple. The agreement should cover all that you think could happen in the future. Remember if nothing else someone could die, become disabled, etc. |
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Sheila B
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You can if you make yourselves into a CC (Closed Corporation) which then makes u into a business, and in terms of the business you might be able to get a mortgage. |
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sarah
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yes i think its possible |
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