 What to do with an Adjustable Rate Mortgage? |
| What can I do with my Interest Rate that is now variable? Now that my property decreased $15,000, the monthly payment is now way higher, I don't want to pay the mortgage anymore, and I can'... |
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 What are the differences between a 30, 40 and 50 year mortgages? |
I want to refinance my home for a 40 or 45 year mortgage. What are the avantages and disavantages of this type of mortgages?
T... |
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 Really need your help on buying a house.......? |
| My offer on a house has just been accepted for £91,500. Was orginally on market for £105,000 in Jan this year then was reduced to offers over £100,000. I have paid for Surveyor and Valuers fees ... |
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 I have a shmuck for a landlord!!! Help is appreciated.? |
| My landlord really stinks when it comes to making repairs. I've reached my wits end and waiting for my lease to end in another 6 months. Gas company recently did test on gas lines in my area. My ... |
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 My lanlord wants me to move out in exchange for money and is offering 5,000 dollars is that the most I can get |
Is there a way that I can get more money from my Lanlord.
Additional Details
He wants to move out because he is remodeling all the apartments and I want to know if there is a legal ... |
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 How much should I charge for renting one room in my condo. Should I request half of the mortgage? |
| I think I found the right person to be my roommate, the problem is that I dont know how much to charge her for rent. I dont know how much people pay when renting just one room. I want to tell her to ... |
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 Process2Get home loan for a 17&19yr. old with good credit? |
My husband and I want to purchase a home. We already have a trailer but want a house. How hard do you think it will be?
Additional Details
Also, I am a teller at a local bank. (If that ... |
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 Who thinks this mortgage bail out is BS? |
| This is total crap. I had a 1 year interest only loan that originated in August of 2005. My interest rate adjusted to a crazy number a year later ( when my plans to move again changed) almost ... |
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 How much money do i need to buy a house?? |
| this might sound ridiculous but i really dont wanna RENT as i feel its a waste of money..im 20 years old and im finishing my 2 years at a community college..i have a relatively stable job with good ... |
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 I rent a condo in Florida and the owners are now selling. I would like to get out of my lease early.? |
| Is it possible to terminate my lease early? I am not comfortable with strangers coming into my home while I am away. I feel this is an invasion of privacy. My yearly lease is up on March 1. I ... |
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 The city wants to build a church behind my house? |
| This is a residential area and there are woods behind my house. They are supposed to have a public hearing on this. I do not want the church to to built just behind my house because of the noise and ... |
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 First time buyer (interest only or repayment mortgage)? |
| i am a first time buyer, looking for a 100% mortgage on the property. i am very new to this whole idea of mortagage. i want to know whether it is wise to go for interest only on a fixed rate for 5 ... |
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 Do you think the landlord will pick us to move in the house???? read? |
well we looked at the best house, 4 bedroom in country secluded, huge house very very nice fenced in yard and all....
its 600 month+ utilities. we told him we could give him it all upfront in ... |
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 How can first-time buyers buy a home in So Cal where the average cost is over $700,000? |
| Our income is about $70,000 annually and we have no debt other than student loans. We have about $25,000 saved. In an area where an "okay" house will run you about $700,000 - how in the ... |
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 Do you think that the age of the house is important and I should be looking for newer house? |
| I Live in Phoenix, Arizona and I am in the process of buying a house. I have seen a house which I really like and it is built in 1988 but the house is in a very good shape. Do you think that the age ... |
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niquelynne | Is there any hope for people who WANT a house and are ABLE to pay a mortgage? |
With all the BS going on with the banks and such....what does someone do who really wants to buy a house right now and are financially able to pay a reasonable mortgage within their budget? Is there NO WAY to get a loan right now? All I want in the whole world is to get a cute little house for my cute little family in a cute little neighborhood. Is renting a house the only way right now? Don;t get me wrong, we have a nice apt. but hey a house is a house! |
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sircarpediem
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Its the best time ever for anyone to get a house right now. There is no real crisis. Its a way for the establishment to scare the public so they can go to congress for money. There are 125 million homes in the USA. Half of those homes are completely paid off. 40million of those homes have very low mortgages and are not in danger of going into foreclosure. 15 million of those homes has refied more then 30% of their homes worth but are meeting their mortgage every month and of that 15million 6 million have FILED for foreclosure. FILED, not foreclosed on. The remaining 7 million or so have ACTUALLY already been foreclosed on and lost their homes. Thats no crisis. BUT we live in a capitalistic society and the powers that be use it to go to the government to get more money. We are bailing out rich wall street billionaires because those loans they gave out were grossly misrepresented. Fake documents, exaggerated claims of income, etc etc just to get loans. They knew sooner or later they would get caught but they also knew they wouldnt get caught and the taxpayers would bail them out if they could make a huge stink about it. They concentrated on the smaller banks. What they dont tell you is that over 50 banks across the country went out of business. The SMALL banks. Larger banks are alive and merging. BOA, Chase, Citi, Wachovia, WAMU ( even though the depositors of wamu withdrew 16billion in the last 10 days they are still alive bought by JPMorgam Chase) Nothing happen to the big boys. AIG got alot of the blame and they didnt originate the loans!!! Bottom line, get your credit to a 700-730 score, make sure your debt ratio is below 40%, make sure you havent been late on your bills the last 12 months, have accounts open like credit cards, car loans, etc etc for 2yrs or more and you can get a loan. Chase, Citi, they all still handing out loans trust me. I closed on a loan the 19th of this month. |
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Steve D
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Mortgage money is still available. By necessity, lenders will be a little more conservative in who they lend to and how much, but as long as you can afford the payment and your credit is good, you shouldn't have much problem. After all, banks still need to earn a profit and mortgages are a great way to earn profits (assuming they make smart loans).
Start saving for the down payment and you should be golden. |
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Real Estate Guy
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Of course. Mortgage money is available. You will need to put either 10% down for a regular mortgage OR go FHA and put as little as 3.5% down.
Talk with a lender.
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Landlord
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You misunderstood something.
The mortgage industry has not closed its doors. People are buying property left and right.
You can get a loan, you had better hurry though, the interest rate is stating to go up. I lost sleep over that last night! I am not moving fast enough myself. |
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Lisa
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Yes you can still get a mortgage. I bought a house in April and got the loan through my local bank with no money down even. |
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chatsplas
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Sure, but hopefully right now can wait until Next month. . . . .things have to settle down a little bit. . . .
While waiting, SAVE for Down payment and BUILD your credit rating and pay down any debt you have (student loans, credit cards, cars). |
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Marysue
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Of course you can still get a mortgage, you just need to meet he income AND credit requirements. |
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bud68
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Yes, you can. But you need to be "well qualified." No more easy loans are being handed out. |
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♥ Femme De Chambre ♥
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Yes, you can still get mortgages. Get your figures together and go to your banks. They will do a 'stress-test' to see how viable it is to lend to you. They have cracked down on lending, but they still will lend to the right applicants. |
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