 Ive overpaid my landlord what should I do(read on)? |
I rent from a private Landlord...
Housing Benefit increased my entitlement and as they send cheques direct to the landlord she didnt inform me of the increase and i remained paying my amount ... |
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 How do you go about refinancing your mortgage? |
| I have a 5 year interest only mortgage and just closed on my condo 4 months ago. It appears rates are lower. How do I go about refinancing and what are the advantages? If it's lower should I ... |
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 We got approved for our first home loan. can we use some of the loan to pay of our credit card bills? |
| we don't need all the money that we were approved to borrow for the purchase price of the home, but if we use some of it to pay off debt then we can have one low monthly payment...have you ever ... |
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 Property left by tenant, to be moved whenever? |
| An ex-roommate has agreeably moved out. He has left numerous vehicles, boats, trailers, lawn tractors, etcf. some in working condition, and my acreage littered with other items. A garage full of ... |
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 A credit card company put a lien on my house. I have to sell quick and can't afford to pay it off. Help! |
| I lost my job a year ago, i've been struggling since. A credit card has put a lien on my house and now I have no choice but to sell the house and can't pay off the credit card lien. Can I ... |
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 Feds cutting 3/4 of a point, what does that mean for home refi? |
Hello,
I've been stuck in an option arm loan for about 3 years now. I like to refi as soon as possible, but really havent notice rates dropping by that much for a 5 yr interest only ... |
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 Do you have to have a down payment to buy a house? |
i dont think you have to have one, but in order to get a lower payment you would need one right?
Additional Details
hey mark! tenn. is where we are planning to buy i need to get up with ... |
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 31 living with his parents? |
| rented out his property(900 euro a month) and sold his car to make more money.He earns 1200 euro a month after tax(less than 1000 pounds,1800 dollars after tax a month) and found it quite hard to ... |
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 Can a landlord request rent in October when they have yet to fix the shower from August thus you have no activ? |
| I have been living in an apartment to which doesn't have a working shower!! Yet I still keep paying the rent! The landlord granted is a friend but she has been saying she was going to fix the ... |
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 If you are a renter and a child drowns in pool you rent from, is the owner of the home responsible? |
| If you are a renter and a child drowns in pool you rent from, is the owner of the home responsible? No, this has not actually happened but a friend of mine owns a home that she'd like to rent ... |
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 Tax returns vs. W-2s mortgage question...? |
When applying for a home loan, do you need your tax returns or are your W-2s and bank statements enough to document your income?
Additional Details
Hmmm... I was hoping not to see ... |
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 Can I be sued for buyers remorse if i was unable to get financing? |
| If I am in contract to purchase a home and I was unsuccessful in getting the financing approved based on the contingency clause to buy their home without the sale of our home. I request a release ... |
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 Can I legally kick my parents out of the house after they have lived in there for over 30 years? |
The house is in my name, given to me by my late grandfather. They're paying me rent with no written contract.
They aren't preparing for retirement, there will be a day when they ... |
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 The driveway i rent is always blocked by the owner's family..what should i do? |
| i have my car and i rent an indoors driveway...almost everytime i take my car out or go back in someone is blocking the driveway..be it a neighboor or a family memeber and it is getting annoying..... |
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 Any Landlords out there??????? |
| My tenants of roughly 6 months had told me that the outside porch carpeting had gotten extremely wet and moldy after the long winter. One of them told me that her father would replace it for me for ... |
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rihanna | My husband and I are planning to buy a house with my mother in law as a cosigner.? |
my husband and i are planning to buy a house.the primary applicant is my husband and my mother in law as a cosigner as me n my husband both have bad credits.how would this affect our application and also even if i am not an applicant can my income info be used as part of the household income.pls help we r from canada.thanx |
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Landlord
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Legally speaking you are not buying a house. Your hubby and his mommy are, you are not part of this picture.
Only their income counts, your will not.
You really should cut those apron strings, it is time for your husband to grow up and stand on his own two feet. |
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Tommy M
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I hope mom isnt giving her house up towards your loan or she could lose hers too if you default>>risky
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yssirhcx
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There is no such thing as "co-signing" a mortgage. Unlike cars and other loans mortgages have owners of the property. The person(s) acquiring financing will be on the loan and the deed.
If your name is not on the loan the only way to get your name on the deed is to file a Quit Claim Deed. This is a deed that would be signed by the mortgagee and yourself adding yourself to the deed. Costs appx $250-$350 with an attorney depending on your location. Deeds do not affect credit.
If you are not on the loan then your income cannot be used. Credit would only be affected if the loan is reporting to the credit bureaus - thus your name would have to be on the loan to benefit. |
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alexbeauty333
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Please don't do that, Please. If you have a good relationship with her thats good but keep it at that. Don't allow her to have a say so over your property. |
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estielmo
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Isn't Job #1 to clean up your credit? Better credit means lower rates and better terms. Start by cutting your budget to the absolute bone and saving as much money as possible to a sizeable down payment. Get second jobs. Ask the lender how to improve your numbers.
But beware of the co-signer. Many co-signers think they have a say in all things concerning the house. I have seen many Questions here from co-signers who want a say on improvements and even control over guests and what color paint you use.
Be clear with mom that you love her and respect her, but the house is yours and yours alone. And be aware of the re-fi rules and as soon as you can get her off the mortgage. |
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Forever young
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Giving your mother in law any kind of authority or control in your personal life is a total mistake. Don't do it, you may not see it now, but it will eventually cause ulcers. I know that, and your mother in law knows it. And she's smiling! |
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i am zoe!
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I can't really help you with the whole loan thing, but I strongly suggest you dont let your mother in law have any authority. If, god forbid, something happens to your husband (either a divorce or death) your mother in law will have the rights to the house. Since the house isn't under your name, you'll have no rights. It has happened to so many people and I strongly recommend that you cosign and no your mother in law. |
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Ed Atun
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If you are not on the loan, your income will not be counted in the qualifying process. That is the rule. In real life, there is a good chance that the bank will see that you have extra income and they will be more generous.
Your bad credit means that you can't be trusted to handle your income well. Explain to the bank that you have learned your lesson and you now pay all your bills on time and in full. |
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janetsinbox
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Any income that is used must be from a person who is a signer on the loan. Also, if memory serves me the co-signer's income has to be half of the total income that is used to qualify. This may not be accurate if you are using an FHA loan.
You should be able to look up underwriting details for Fannie Mae, Freddie Mac and FHA loans online.
Good luck |
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Kat G
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if you are not on the application or loan then you don't exist as far as the bank goes. Are you on the deed with your husband? If not, then this house is not yours it would belong to your husband and mother in law.
Good Luck and congrats on the home. |
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s
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Put your name on the application as you income would help you qualify for a better mortgage. Your income shouldn't be on there if you are not on there. Which begs the question, if you both have bad credit why aren't you both applying. It sounds suspicious to me, if you are married you should both be applying together. The more people who are paying on this, and have an income that can pay towards it, the better chance you have of getting the loan. As well as you need to have YOUR NAME on this mortgage because if you don't you could find that TITLE will be put in your husbands and your MOTHER-IN-LAWS name. Then you could be screwed some day. If your mother in law wants to help she will do it with both names one the application, if she doesn't, she may be a kaniving ***** like mine. Watch the hand that is helping you, particularly when it is your mother-in-law. Now I do not want to stir up trouble where there is not any to begin with, however you should always cover your ***. All the best laid plans can go awry, should that happen, you want your name on that title. The mortgage doesn't really matter if you were divorcing, but you want title in your name. If there is a GOOD reason for you not being on the mortgage app. the talk to the mortgage broker & real estate agent to make sure when title transfers, that the title to the property goes only to you and your husband. I have been in this situation and was told that they could co-sign the mortgage and not hold title. However there was a snag along the way & the agent was a dunb *** and my husband just went along with the flow and we ended upwith the title in the hags name. And I think she either expected it to be that way or when it happened it was a power coo for her. Our life was a nightmare for two years because of the hags, interfering in everything & thinking she owned our house even though she was not paying a dime on it. When my husband tried to get it in our name she started some song and dance about if he died she would be left hanging, because I wouldn't pay, & she would not do it. Crazy hag, in reality, if I/we stop paying the mortgage the house doesn't stay with me free & clear, there is still a lien on it. You pay the mortgage or lose the house. So, I just do not want to see any one else in that place. Good Luck. CYA |
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