 House not selling, is it the price? |
| I live in Baton Rouge in a great area and have my 3 bedroom 1 bath home listed at 155,000. I have shown it 3 times. and has been on the market for 3 weeks. Need some honest advice. Address is 4068... |
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 If my landlord fails to keep the pool operational can I get a rent discount or out of my lease? |
| I live at an apartment complex in Texas. May in Texas means HOT HOT HOT, and HOT means I want to use my pool. One problem with that is the fact that the pool is locked. When I called the apartment ... |
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 Is there any law that states a bank cant short sale a property to a family member? |
| A friend's home is in jeopardy of foreclosure and he is trying to divorce his wife who lives in the home. Their daughter wants to purchase the home through short sale but Bank of America told ... |
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 A complicated renting question...? |
| I have been renting an apartment for a year now.. and I just cant seem to afford it, so I gave my notice a month ago, and I'm moving at the end of this month... The problem is I can't ... |
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 How much mortgage could i get on a salary of £24,500 and what would the monthly payments be? |
Here some details about me for info:-
I finished uni last year with a degree in accounting. I am now earning £24,500 as a trainee accountant and once i become chartered this wll increase.... |
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 Should we buy a condo?? |
| My husband and I rent a kind of run down house with a landlord who refuses to do anything about our leaky basement and mice problem...We can't afford a nice big house right now--but, we can ... |
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 Pouring water off a Balcony, is this illegal? |
| I live in an apartment (condo complex where I am renting) and a person in the unit above me has twice poured water off their balcony onto mine. Fortunately I wss not on mine at the time. I am going ... |
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 Can i rent my house to a friend on benifits? |
| I have a house which is not in use and have asked a friend if she and her children would like to live there, can i rent it to her even though she is on benifits?? and still have my mail arriving at ... |
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 For those of you who have lived in an apartment, what were your worst neighbors? |
It's story time, so let 'em rip!
what crazy or awful neighbors have you had?... |
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 Downpayment dream shattered... what to do? |
Hey all, me again.
I was expecting a hearty tax return this year... last year we scooped up $7,000 and I was expecting the same this year, at the *least*, to function as a home down-... |
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 Landlord/tenant How do I throw her out? in Florida? |
| I own a house and helped someone out, and let her stay in a spare room. I dont live in that house, I have another house. I need to get this women out. Since she moved in there are roaches in my house ... |
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 What can you do with empty land? |
| I bought 7 acres of land, beautiful country mountain land with several nice home sites, bordered on two sides by national forest. I do not live in the area yet and I'm looking for ideas to ... |
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 Is it illegal for my real estate agent to force me to use his lender instead of builder's lender? |
| Trying to buy a townhome in Orlando. Realtor is almost refusing to show me new townhomes because he says I would have to go through the builder's lender and I don't have good enough credit.... |
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 What happens if I sell my house for less than I owe on my mortgages? |
| Let's say I sell my house for 150,000 - but still owe 160,000. Do I have to pay that 10,000 right away? Can I roll it into my next mortgage?... |
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 Can you get out of an oral offer to purchase home? |
| I'll try to make this short. We do not have an agent, seller does have an agent. His contract with his agent expires in 2 months. We orally offered "X", seller accepted, and we ... |
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 I am a licensed real estate agent. My ex-wife is purchasing a home; I am her agent.? |
| As far as disclosures goes, would you not say anything or just disclose "buyer is related to agent" in the purchase contract?... |
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 Rental with no security deposit. Left in clean condition, but landlord finicky wants money. What's the redress |
Rental with no security deposit. Left in clean condition, but landlord finicky wants money. What's the redress.
Landlord is saying it is not clean here and clean there. I pressured ... |
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 Should I sell my home or ask agent to sell it? |
| The 5 % agent commission is quit a lot in which I have to pay $11,000 for a $222,000 home.... |
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 I am being evicted for no cau.se? |
| My landlord is trying to come into my property. She did give me a 24 hour notice for a day That i won't be here. If I refuse what will happen?... |
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carlos h | My agent is telling me to go with 0 down . is this a good idea ? |
because i have saved money to put down . |
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dzwreck
|
Depending on how much you have to put down and what the difference in your financing terms are will help make this decision. If you have less than 10% to put down on a home, it may make more sense to go with a 0 down or 3% down home loan for the simple fact that once you tie your liquid money up into your mortgage it is not that easy to quickly get back out. Take that money you were considering using for a down payment and either put it away into a savings account, invest it something low to medium risk and save it for a rainy day. You can also use this money for immediate updates, improvements and/or repairs that need to be done on the home. Some things that are typical of buying or needing when moving are painting, window treatments, appliances, landscaping, minor repairwork throughout, furniture, etc...
However, if you have plenty of money to make a 20% down payment and still have plenty of money left over, then by all means put down 20% and get the best financing available. Look at the differences in payments, rates, loan terms, etc... and use these as guides as well based on what best fits your needs. |
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Shaun N
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It all depends on how much you have saved for a down payment. Always paying something down even if it is closing cost will help you in the long run on interest. If you are planning on staying there for a short period of time it might not make that big of a difference if the down payment is not large say 10%. If it is 10% or more then you will automatically have this much equity in the house and will help you when you sell it. |
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Marina S
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no because you have to pay mortgage in full together with an interest rate..why do you wanna do that..the best option is to put 5 % or if possible 10% down..i would change my agent because that will not save you money in the long run..think about it |
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goz1111
 |
if you can find a no money down which i doubt in today's market check to see all the fees and points you are going to pay and the rate as well |
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Robert H
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You'll have to pay private mortgage insurance PMI with 0 down. |
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brokerstorage
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It all depends what your goals are. Let me give you an example " If you have $20,000 to put down , that will probably save you about $200 a month on your monthly mortgage. If you think you can make more then $200 a month on in investment with that $20, 000 then go 0 down and invest the money, unless you know you will not invest it and spend it. Remember go for your best interest in mind not the agent's. The agent is thinking about his commision. |
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Heather
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For every thousand you put down, your mortage payment will drop about $10.00, put that money in an ira or stock and it could make you a lot of money over the course of the loan. |
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Robert N
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Fire your agent...he is clearly not skilled in real estate investment, and your mortgage broker makes more money the less you put down...bad advice there.
Please give some more specifics so I can give you the best possible advice, but in general, the more you put down, the better your interest rate and the lower your payment.
Do not fall into the trap of a Pay Option ARM, and beleive that the minimum payment is good...it robs you of equity and again is the type of loan that your broker makes the most money on.
Beware of hidden fees, which cost you more in APR, which is always higher than the quoted interest rate, because there is actually no such thing as a no fee, no points, no cost loan. You always pay for it somewhere...beware as mortgage brokers are required to disclose this to you, but banks and direct lenders don't have to disclose the hidden fees.
The key is that your monthly payment is higher due to these rebates (officially known as YSP).
If you would like better guidance on your loan scenario, please give me the opportunity to help navigate these dangerous waters for a relatively new real estate investor. Even your first home is an investment, so choose wisely.
If you are in the US, feel free to contact me if you'd like to learn more.
Regards,
Robert Noakes
Real Estate Investment Consultant
Sr. Mortgage Planner
415.652.8112
robert@noakes.com |
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loladrewblue
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0 downpayment loans are hard to find they are a thing of the past. Why do you think they are so many foreclose properties nationwide? Its the result of subprime loans. Besides, on a 0 down the interest rate will be higher, if you can find them that is. Lenders are moving away from these kind of loans. If you have a sizable down payment see what interest rate that will net you verses a no downpayment, and shop around for a good rate. |
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