 If I pay my mortgage weekly instead of monthly will that shorten the time it takes to pay my house off? |
| I've heard that making your mortgage payment weekly instead of monthly will shorten the time it takes to pay off my house, and the amount of interest that I will pay also. Does anyone know if ... |
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 Eviction from a private rented house? |
| i have been unable to pay the rent to my landlord my tenancy agreement ran out 3 months ago he sent me a section 21 letter stating that i had till the 5/4 then it would go to court for eviction how ... |
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| I am a property manager of an apartment complex. A resident, one I believe, says they put their rent in our? |
drop box. They say it was cash, so there is no way to track it. Needless to say it is gone. What is fair for me to do about their rent. And how do I catch the staff member who took it?
A... |
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 What can you tell me about home ownership? |
| I recently started looking into buying a house and renting it out to tenants so that they can pay for my mortgage. I'm still a college student and am 20 years old right now. I know real estate ... |
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 If I move out in the middle of the month, do I have to pay for the rest of the month? |
| I just gave my room mate and my landlord 30 days notice My room mate and I pay $1050 in which I pay half. My question is if move out in the middle of the month, do i have to pay pay for the full ... |
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 If you break your lease? |
| If some friends of apt. manager are allowed to break their lease big time and are allowed to do things none of the other tenets are allowed to do ,what do you do?... |
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 To survey or not? |
| My son is looking to buy his first house and has been adviced by the mortgage lender (Nat. West) that a survey isn't a legal requirement, i say it is, but if not i say he should get one anyway. ... |
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 How can I avoid shady renters? |
| I'm new to being a landlord and I've already gotten shady renters who would trash my apartments in just a couple of months, bunk in several other people and hold out on paying their rent. A ... |
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 Is it possible to get a loan for a home if I am unemployed? |
| I live in NJ. Divorced with 2 kids, I have 50K to put down and another 100K in the bank (cds, savings, and checking). My credit is in good standing-approx a 620. I am also a fulltime med student for ... |
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 Advice for first time home buyer with no credit? |
| my (long-time) fiance and i are hoping to buy a home within the next year.i do not work and have poor credit, so i will most certainly not be on the loan. he works and supports us all, but has really ... |
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 We run a motel and a guest wants to bring plunk his "live in" trailer in our back yard.? |
| The guest wants to stay here troughout the summer and he suggested this. This is good for us in some ways like, it free's up a room. But, what are the pro's and con's with this idea? W... |
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 Buy a house now, or wait - unusual circumstances!? |
| I have $40,000 down, can afford $3000 per month and have good credit. The thing is, I won't be living in the USA until 2017! Should I buy now and rent the house out, or wait? By 2017, I won�... |
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 How do you get out of a mortgage when the other won't sell and can't assume the loan because of bad credit? |
| The mortgage is about 5 years old on a house I part own in Colorado. I've been trying to get off the title and mortgage but my ex-fiance seems to blow me off each time. I don't care about ... |
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 I live and work in a very affluent area, yet I have a very low income. How can I afford to buy a house? |
| The area That i work in, all the houses are too expensive. It's in conneticut/upstate new york and the cheapest homes still cost $500,000 or more with under an acre of land. Real Estate here ... |
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LaQuita J | My credit score is 507, 517, and 535.? |
I live in Mississippi and it's hard to purchase a house. I have things on my credit report mostley from when i was in college. I am finishing up my master degree in June, therefore I have to move out of family housing. The only aprtment that I can currently find will cost my $650 a month. I would rather be paying that toward a house. Some one please help. I don't know what to do. |
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Yanswersmonitorsarenazis
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There is really no option of 100% financing with those scores, and unless you can find a property worth purchasing that costs less than $60-70,000, your rent payment will certainly be cheaper.
Better to keep your housing expenses as low as possible, and use the higher cash-flow to pay off old debts, build up some savings, and take the time to improve your credit before trying to buy.
If you can clean up all the bad debts on your credit report, and maintain a clean credit history for 12 months after that, you should be eligible for FHA financing after that time. FHA is a great product, allows for a small 3% downpayment, and has great fixed rates. They have no minimum credit score, being approved with a 560-580 score isn't uncommon, again as long as you can show that you've maintained a clean history for 12 months. Be sure you pay your rent in a way that can be directly verified, ideally with cancelled checks. Also, FHA will want to see 2-3 additional credit tradelines you've been paying on time as well. If you can't get credit cards or other loans that would report to a credit bureau, and with those scores you likely can't, they'd look at your utility bills, phone bills, cell phone, insurance, whatever you pay monthly. So be sure to be mindful of that, and never pay any of your bills more than 30 days past the due-date, and you'll get a sweeeet loan in 12-18 months, saving you thousands of dollars per year over what you might pay in a subprime loan.
There really is no hurry to buy right now, as the housing market is still relatively flat. You won't be missing out on any gains in appreciation of the home. Who knows? After all this subprime foreclosure stuff runs its course over the next year or two, home prices might be lower still. And you won't have put yourself into a high-rate, high-risk loan that might end up burying you in bad credit for years to come. |
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