 How am I supposed to do afford my rent? |
| I have a full time job with the government, a second job as a waitress, and I attend night school. Even with my two jobs I barely make over $1000 a month. I am single, and live alone. I live in the ... |
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 What would you do? |
| I just moved to an apartment and we had to pay $400.00 a month for our dog. $200 is a security deposit and $200 is a sanitation deposit. Puld I have to pay $20 extra a month for rent. I don't ... |
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 How much should i charge for rent? |
for an apartment with two rooms, one bathroom, one kitchen and a small yard, in Flagstaff Arizona
rooms and kitchen are about 110 square feet each, bathroom is about 40 square feet
<... |
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 My husband needs to make peace with Grandma. How can we make her understand? |
| Ok, we reluctantly bought grandmas house from her for her named price. It was on a high traffic main road, had apartment buildings on one side, and was outdated. Because Grandpa built it, we put a ... |
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 Can my landlord evict me if he has someone who wants to buy the property? |
| I am under a 1 year lease that expires in April 2008. I have to notify my landlord if I am going to buy the lease to purchase I am renting from him. I am not going to buy it. I will be cooperating ... |
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 I sued a tenant and won a judgment. I need to garnish their wages at work, how do I find out where they work? |
| I own several properties that I rent out. I evicted a tenant and I won a judgment for delinquent rent and property damage, about $3500. I filed a "garnishment of wages" at the courthouse to ... |
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 I'm renting a house: Is it my or my landlord's responsibility to maintain the lawn? |
THERE IS A MAINTENANCE AND REPAIR CLAUSE WHICH STATES:
"LESSEE WILL, AT LESSEE'S SOLE EXPENSE, KEEP AND MAINTAIN THE LEASED PREMISES AND APPURTENANCES IN GOOD AND SANITARY CONDITION AND... |
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 Stuck in horrible mortgage? |
| I bought a house in 2006. When I first purchased property (a house and just under 5 acres) I got a 1st and 2nd mortgage at Wells Fargo Bank 6% fixed on first and like 10.5 on second. My then ... |
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 What's better to rent a house or a town house for same price value? |
| i need help deciding on which is better for a family of 4? a house or a town house and which is cheaper? (bill wise)... |
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 My Ex-Landlord is being shady. Wont give back security Deposit.? |
Here is the situation:
I moved out of my apartment in New Jersey last month after being there 2 years. Before we left we cleaned the apartment thoroughly and rented a steam carpet cleaner and ... |
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 Does anybody know how much we would get offered for a mortgage on joint earnings of approx 37000. thanks? |
Additional Details
oh yeah sorry we are both 23 my partner is plumber and i work in jewellry shop not that that would make any difference. im only part time tho does that make a ... |
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 If I sell my house for money, what return will i get? |
i want to sell my place,pay off debts and move abroad.i have an interest only mortgage but my house is twice the price that i paid for it.
what amount would i have to pay back to my mortgage ... |
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 What to do with a 3 million dollar mansion? |
I'm just wondering...
If you were to somehow inherent such a big big 10 storie 1/2 mile wide mansion, what would you do with it?... |
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 When doing an eviction is their anything that I can do to make it uncomfortable for them? |
| My friend rented to the wrong people and now has started the eviction process. I am trying to help and wish so much that I could use force to get the trashy people out. what can we do to get them ... |
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 Home Loan for teens? |
| I am looking to buy a home loan, but I am having a hard time finding a bank that will even consider me because I am only sixteen. I am very motivated and a hard worker. I am also extremely ... |
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 Can the landlord just drop by and demand to inspection without notice.? |
| The landlord came by and demanded we let her in for inspection. We told her she should give us some notice and she could come by tomorrow at 1. She said we broke the lease and she is going to evict ... |
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 Rent Deposit - I never got it back? |
How long is someone obligated to give you your rental deposit if you never moved in the unit? I gave a friend who i was supposed to move in with $1500 for first and last months rent.
The ... |
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 Can we get out of a contract with a realtor for "looking" at houses? |
| We recently started looking for a house. We called the listing agent on a house we found online and met him to look at the house. We decided to put an offer on the house and he agreed to help us do ... |
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kristilkleer | Is it really too presumptious for me to think I'm going to qualify for a home loan? |
We recently moved into our dream home and the owner was willing to lease to us until we were ready to buy. Things have changed however; and he's pushing us to buy NOW. My husband and I have both been married before and my first divorce left me in financial ruin...so much so that after that divorce I had to move into my parents house. I was a stay at home mom with no education or work experience. I do have a $32,000 vehicle purchase that is paid off on my credit but other than that it's mostly small stuff ...that's the good. The bad is that I'm a full time student and I have medical bills and other small unsecured loans on my credit.
My husband has a broken lease on his credit and other than that not a lot, either good or bad. When typing this is sounds as if it's not so bad but when trying to get car loans we're always told me need co-signers. So my question is: is it possible for us to find a loan to buy our house even with the blemishes we have or should we start looking to move?
Additional Details
Ok I didn't want to go into this but it might make a little more sense. The person we rent from is my husbands boss...he's in big trouble. In fact he's going to prison for bad business practices. My husband's company has been bought for pennies on the dollar due to the owners (our landlord) predicament.
He has already told us to stop paying him rent as this house is sure to go into foreclosure once he is sentenced. He has already offered us a terrific deal on this house just trying to keep it out of foreclosure but I am about 3 semesters away from graduating from college and to me that is priority. We would have about $100,000 in instant equity but it is an adjustable rate that I'm trying to stay away from.
I will say that after researching on the internet my spirits are a little bit lifted, but I was hoping for some expert advice and possibly actual numbers.
The house is apraised for $287,000 he's offered it to us for $205,000, we're willing to pay hime $190,000 and considering... |
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Beau
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Don't ever count the chickens, until they hatch! |
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Gregorio
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The only way you will ever know is to go and get pre-approved. It does not cost anything and it will at least let you know where you stand and what areas you may need to improve to qualify later. No one here is going to be able to tell you yes or no without seeing your entire financial profile.
Best of luck
PS, don't go to Lending Tree, all they will do is sell your information to anyone that pays for it. |
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Expert Realtor
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I am so sorry.
You are correct, you are not in a position to buy right now. The lease on your husband's credit has to be paid off before a bank will give you a home loan.
I would just explain it to the landlord that you can't buy now, and understand that he may have to go with another buyer. |
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CIFYACAN
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It is very hard for a lender to make a decision without seeing everything. So much is based on the credit score, the debt per month in relation to your income and if there is any money for downpayment. My suggestion is to go to your bank and meet with an experienced lender and see where you are. I would look at what he wants to the sell the house for and how much the payment may be. The payment may be too high for you and then that answers your question right away. |
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rusty929
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just keep a positive attitude.......if you are meant to get the loan..you will.....if not..then another window will open..... |
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smile4u
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Have you ever seen your credit report. This would be a good starting point for you to see how your FICA scores are. I believe
over 720 is a good score. Under that is low. Start from there. If they tell you that you need co-signers for your car then I would think your score isn't great. You might be able to find a loan but it would probably be with a high interest rate. You don't want to go there. Don't rush just because the guy that owns the house is rushing you. Dream homes come and go. You will find another. Don't get over your head in debt with a loan you can't afford just because your rushed. I would look to move and make sure your credit is A-1 before even starting to look for another dream home. Good Luck |
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Rusty Shackelford
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It's hard to get a loan now a days, but it's not impossible. Go with a company like Countrywide that needs to stay in business, and is reliable, they will probably be more forgiving or lenient. |
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Mark C
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Tough call depending on how much cash you have. The timing is really bad for you (I assume you're in the US) as the US sub-prime mortgage market (where your loan would reside) is in the toilet. That means that the credit policies of lending institutions are now much tighter than previous.
If you have upwards of a 20% deposit, you may be able to qualify with no issue.
Based on what you've said, I would bet that you'll need a minimum of 10 -12% in cash to get a loan and even with that, you'll have to pay for lender's mortgage insurance (usually called PMI).
You may also ask your landlord if he would be willing to finance the property for you - he can then onsell a second mortgage to a lending institution so ohis risk would be limited.
Best of luck! |
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mtchndjnmtch
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Maybe. But your interest will be high. Your bills should not be over 25% of your income. Good luck. If you are in Texas, Try Texas lending. |
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Will Y
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IT's not IMPOSSIBLE for you to get a loan/mortgage but it is HIGHLY unlikely you will be given a decent interest rate and nearly guaranteed you will be offered an adjustable rate which is a sucker's bet unless you are 99.999% SURE you can refinance at a lower rate or pay off the place before the interest rate adjustrs. (that is what is killing so many folks financially the last year or three)
Dream home or not, if it's buy now or move, the price had better be FANTASTIC and the down payment at 20% or more or I'd be looking for a new place to live that costs less but is in a safe neighbourhood. |
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billieleann78
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Try Lending Tree they deal with all kinds of banks that will send you offers. |
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