 How much rent do you pay? |
| I pay $900 a month for a one bedroom apartment in California. It's not even that nice, the kitchen is really old and there is no diswasher or washer/dryer. I would like to move but it is ... |
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 Should we allow more houses to be built in the u.k? |
it would solve most of our problems. e.g. high house prices
it will help lots of young people but it will impovish many baby boomers.... |
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 Evict or not? |
| I have a tenant who is suppose to have 3 people in her 1 bedroom apartment. Come to find out she has 7-8 people. I pay water, sewerage, garbage. I sent her a letter explaining to her that she is ... |
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 How can you rent a home or apt w/ bad or no credit? |
| I don't have any real credit history. I got a denial letter from a credit card place that said, "Lack of credit history" and "lack of revolving accounts". How can I rent a ... |
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 Can my roommate prevent me from having overnight guests? |
| I live in a two-bedroom apartment with one roommate. As my boyfriend and I are in a long-distance relationship, the only way we see each other is to spend weekends together. We would like to ... |
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 What is 7% of $150,000.? |
| We are thinking of selling our home, my husband isn't home right now, and I am horrible at math. I was just looking over the contract and it says the company gets 7%. Is that pretty good? T... |
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 Having a hard time understand 'rent in advance' pls explain? |
im getting my first place and they ask for a deposit sum and a months rent in advance. and then after ive lived there 4 weeks they want my first months rent.
i do not understand this. how come ... |
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 I am not going to pay then rent. What will happen? |
I am moving out at then end of the month but landlord wants me to pay the next two months rent.
I refuse to pay this, what can they do ? (you cant go to prison for not paying the rent can ... |
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 Can you rent a flat at 16 ? |
can you rent a plat when ur 16 ?
i really dont get on with my mum and shes told me she wants me to move out so i want to know if its possible to rent a flat at 16... |
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 Is it possible to buy a house with poor/bad credit? |
| Bad things happen to good people, a friend of mine is wanting to but a house for him and his family instead of renting and throwing way money every month. Please don't say "clean up their ... |
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 What is the max $ i should spend on a house? |
If my income is 45000 to 54000
Additional Details
I would be in Dallas, TX... |
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 If a mortgage rate is currently at 6.2%, when is it appropriate to refinance for a lower interest rate? |
Additional Details
Thank you for the information. My loan is for a fixed 30 year loan. I have had the home for almost 5 years. I have refinanced already 1 time, to get the 8% rate ... |
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 I rent a house out, and the rent does not cover the mortgage but the house value has increased. should i sell? |
| I have rented a house out for the last three years,the rent does not cover the motrgage but the value of the property has increased,is it worthwhile sustaining this loss or should I sell the ... |
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 Does my landlord have to pay for screens on windows & doors? |
| I rent a one bedroom unit that has no windows but two sliding doors but there are no screens on the doors. It is a ground floor apartment with street access & I dont feel safe.... |
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 I´n building a hotel with 100 rooms, but I´m superstitious.? |
| I have a bad ommen with the number 9, every room with a 9 on it, will have instead a letter, How many 9´s will I have to remove?... |
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 If I inherited a house free and clear that is too big for my needs, shoud I sell it in this down market? |
| I am thinking of getting a small condominium. Will also come into about 200k in cash. I don't know if I should rent out the house, and wait until the market turns around. I should pocket ... |
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teary chocolate | Mortgages- What % deposit should I aim for (realistically)? |
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gorgeousfluffpot
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you'll get a mortgage with 5% or more. Don't take up a 100% mortgage, you'll be out of pocket and, if you haven't the financial gumption to put aside money for a deposit then you won't have the discipline to pay a mortgage.
10% preferably, but that's high, but 5% is good. Remember to put aside money also to pay a solicitor and moving costs, estimated another 1%. |
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MISSY G
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At least 5%. |
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babalooie21204
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OH MY, I had to chime in here b/c i work for a major lender on the east coast. You should shoot for 20% of the total loan amount (house + closing cost) in order to get under 80% LTV (loan to value = how much you owe vs how much the house is worth). Getting to 80% ltv would eliminate the MI (Mortgage insurance). There are so many programs for first time buyers (they vary state to state) and even for minorities. So my best advice would be to check around. Feel free to ask me any questions --babalooie21204@yahoo.com |
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don't_leave_ur_equity
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There is no fast and set rule as to how much to put down. Anywhere from nothing to paying cash. You need to go talk to a broker and see what you can really qualify for. I would hate for you to miss out on a house you really like and could get and afford or maybe even worse is go look and find a house you really fall in love with and then find out you don't qualify for it. Then anything else you look at you will compare to the one you loved and if will make the house hunting that much longer and harder. As for the gentleman above that thinks all mortgage brokers are out to screw you then he must of had a bad experience with one. You expect to get paid for your job and they get paid too. Don't get me wrong some will charge lots of fees and get greedy but most are not that way. Mortgage brokers get paid 2 ways from the lender and or from the borrower. Depending on how long you plan on staying in the house is what decides if it's better for the lowest possible interest rate or paying points. Even if you go to the bank it's the same thing. So you don't save money going directly to a lender. But you do limit yourself to only the plans that they offer. I like it when Bank of America publishes their rates because when I beat them my clients love me. And putting down too much money is having that money just sitting in your home doing nothing for you. If you need that much down to qualify and or afford the payments ok but don't leave tons of money tied up in your equity because if you need it you may not be able to get it and it is not making you any money either. |
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MadameJazzy
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Realistically, around 10 to 20%. For example if you are looking to buy a 150,000 house. be prepared to put down 15000. The higher it is the higher the down payment, the lower?...well u know. |
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Agustin-Jean F
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as much as you can afford, hence less interest on your repayments |
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Number 3
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No less than 10% |
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aj1020
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We are in the homebuying process right now, and we were very hesitant at the beginning to even start looking because we don't have much of anything to put for a down payment. I've always been told you need to put 10-20% down, so we were prepared to wait another year or so before we start looking. After meeting with a lender this week, she assured us that it is completely ok to do 100% financing, with no downpayment. She said it's not uncommon at at all for homebuyers to not have a large deposit, even on a 2nd or 3rd house.
She's helping us set up a 80-20 loan to avoid PMI insurance for not having the 20% down. Downpayments are great if you have them, but don't stress if you don't! |
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heebygeeby
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it's at least 5%. |
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zyberianwarrior
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well depends on your credit and what not but 10% is good enough. There are 100% financing out there along with arm scams it really helps to get a pre approved mortgage as well that whay you know what you are in store for. |
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vavarea c
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hi the more you put down on the property the less the intrest rate you have to pay this means less to pay out each month there are a few things you can do if you dont really have a deposit look at vendor gifted deposit your mortgage advisor will explain this to you but i will save you alot of money |
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abrahamrbgem
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Honestly, put down as little as possible. Logically it makes sense to put down more because it should help your interest rate. Truth of the matter is that if you put more down your broker will just try to screw you on the back end. For example, say your buying a 200k condo. It's a primary residence and you're putting down 50k. Say if you did %100 financing your rate would be 7.5, but since you're putting down 50k you get a rate of 6.8. Chances are your broker will hit you on the back end putting you back at 7.125. See, the banks pay the broker for screwing the borrower. My advice, pretend your broke. Your lender will be more honest if they think you don't have any money. At that point it will be more important to just close a deal and get paid something then to get greedy and not make anything at all. I would only suggest putting down as much as you can if you plan for this to be the last house you'll ever live in, "HOME"...
Good Luck! |
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VEGAS
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100% are available but costly - 3% available - but look out for Higher Lending Charges - most lenders will cover this for you up to 90% lending then the cost is passed on to the customer (normally added to mortgage) some lenders cover the HLC up to 95% - the HLC is an insurance to protect the lender if they made an losses in the event of having to repossess your property - payable from 75% upwards - higher the debt to vaue the more risk so the higher the HLC- so 10% ideal but 3% OK |
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Slappy McStretchnuts
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there are a lot of decent 5% down loan products out there. I bought my most recent house with 10% down, but that's because I made a profit on the sale of the house I had prior. |
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p23uk2001
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5% is a good place to start though it is possible to get 100% mortgages, I wouldn't recommend it for a second! If you have 10% deposit you will have a wider range to choose from. But 5% is a realistic aim. |
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plain_jane
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I was always told 10% but i think 100% morgages are available |
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champagne
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about 10 % |
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Achha Admi Buddha Admi
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7.6578 percent |
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mcfifi
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As much as you can afford - but you can always get a 100% mortgage if you don't have enough savings. |
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