 I'm afraid my parents might keep my money from me when I move out...? |
OK, to paint the picture roughly:
My friends from college and I wanted to live together. We decided to rent a large house and split the rent according to the room size, utilities used, etc. We ... |
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 With a credit score of 480, can I buy income property? |
| I would like to elaborate in my question posted earlier. I currently have a mobile that I will be selling that should bring me $55K. With those process I'm hoping I can buy a 4 plex and bring ... |
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 I have an arm loan? |
I GOT AN ARM LOAN BUT I HAD A 650 AND NO LATES EVER IN MY LIFE .YEA I KNOW I SHOULD HAVE LOOKED AT FINE PRINT BUT IS THAT PREDATORY LENDING
Additional Details
and i have a way to get out ... |
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 My mom got a letter in the mail saying our house will be sold? |
It says the house will be sold at public acution August 4th. I knew my mom was in debt but is she really about to lost the house? What do I do?
Additional Details
We still live here. C... |
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 Can I break the lease? |
| I just rent a room of a house on the september first aand singed 1-year lease. After I moved in, I found the room has a bad odor. I guess the odor is caused by mold. The bad odor cause nasal ... |
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 How much earnest money should I put down? |
| I found my dream house and will make an offer tommorrow. How important is the earnest money? The house is vacant, so the seller is motivated.... |
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 Will we get preapproved with 687 and 715 credit scores? |
| My husband and I are looking to buya $250K house in Delaware. We make about $120K combined income. We are in the preapproval process, but want to make sure our credit score sound high enough to get ... |
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 Should i sell my home? |
| i've only had my house for nine months my sister and my boyfriends best friend moved in with us(me and my boyfriend). we got a house with extra bed rooms because my sister and the friend told us ... |
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 Being kicked out-Renting a new home- Low Income-HELP!? |
Hello guys,
I have been surfing the web for ever & I can't seem to find any help with my situation. I am being kicked out of the house, long story, & I was already looking for ... |
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 What are my options w/ this house?? Please help!!? |
| Story in short: old woman that lived alone in a house behind my parent's (where I grew up) passed away...her niece who lives in TX has been cleaning out the house and fixing it up little by ... |
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 Eminent domain... county wants my land? |
| Whats a fair price determined by if the county wants to buy 4 acres of my land to build a retention pond to help control down stream flooding? Or can they just take it and build what they want?... |
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 My new landlord wants to charge me for water bill? |
| i think i heard its landlord responsibility in ny state this true?... |
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 How to break a lease (preferably landlords!)? |
Actually, I know how to, but I wondered if this would be a good enough reason for a landlord...
Currently I rent a 2 bedroom townhome. At first it was nice but now the area has really ... |
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 Is there going to be a housing market 'crash'? |
| As a first-time buyer, getting on the property ladder is fairly daunting at the moment. There seems so much uncertainty withing the economy....is it best to wait and see what happens over the coming ... |
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 Would you rather sell or rent out your home? |
| If you moved into a new house and had the option of selling your old house or renting it out until the housing market stabilizes what would you do?... |
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 Can I ask a realtor to hold a house for 6 months with some kind of legal agreement? |
| We would like to buy a house but will not have enough money for a down payment until 6 months from now. So can I ask the realtor to not sell the house for that time period?... |
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 What happens if my loan amount is more than my house is worth today cuz of the housing market? |
| Three years ago, we refinanced our house, got into a 3 year ARM, didn't know anything about refinancing so I did that, thinking that was the best thing to do. It was worth $182,000, the loan was ... |
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momof3boys84 | Need advice on trying to buy first home? |
I am a single mom of three boys, currently going to a Votech and i am wanting some information on trying to buy my first home. I have a limited income for right now. But i want to move to the Tulsa area where some of my family lives and buy a house. Does anyone know of any good loan companies that can get you a loan with a no down payment on a house or somehting to this nature. And what all is involved with buying your first home. |
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rlanicek
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None of the other answers have yet touched on your biggest hurdle: income. You mentioned limited income for right now, what about in Tulsa? You won't be able to qualify for a mortgage loan in another city before you have a source of income there, i.e., a job.
Other than that, go to www.julielanicek.com to apply for a no down payment loan. Fannie Mae (fanniemae.com) is not a retail lender so you can't get a loan there...
Move in with some family member in Tulsa until you find employment, then apply for a mortgage.
Rick
www.fairwaymortgagelending.com |
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castlemortgage1
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Finding a good company isn't the problem, most lenders offer 100% financing or FHA loans with 97% financing, in which the seller can pay up to 6% toward closing cost. So either option will get you into a home with no money down
The question is, do you qualify for a loan. First, you need to have decent credt. A middle score on your credit report of 600 will get you 100% financing through conventional loans. A middle score of 580, will get you qualified for a FHA loan. FHA loans are not score driven, but your credit score should be at least in mid 500's, but better if possible. FHA perfers no lates or collections within the past year, but a letter of explanation can get around this.
Second, what is your income. You have to prove you can pay the mortgage. Your debt to income ratio (DTI) is an impotant factor. The amount of house you can afford depends on your DTI. This basically means, how much money are you paying out versus how much you are taking in. Convetional loans will go up to 50% if your credit is good, FHA up to 41%. |
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smartbluewater
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FANNIEMAE.COM |
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Edward P
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Hello.
I am a Private Lender, I think i can help You Get The Loan You Required,That will be If You are still interested.My Interest rate is considerate.
Contact me Via email,edward_loanfirm@yahoo.com
Mr Edward Pellicane. |
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rhsaunders
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First thing to do is to draw up a current financial statement: balance sheet (what you own and what you owe), and income statement (how much comes in during a year, and how much goes out). Next, go to your bank, taking these documents with you, and ask for advice. The banker will know generally what can be done and will be able to work out how much house (if any) you can afford. Then, go to the realtor.com web site, and go shopping in the area of interest. Knowing what you can afford, and what there is to buy, will give you an overall sanity check on the project. If the sanity check passes, go to Tulsa, find a realtor, and start shopping. |
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mytwodogs60463
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You can get a HUD loan which is housing urban developement. |
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She She
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Countrywide or First Horizon are big lenders around here...TALK WITH A LENDER FIRST
Here is WHY??
It allows us to know your maximum sales price.
It will help us know what type of house you will be able to purchase.
It is a great negotiation tool.
It tells the seller you are serious.
10 Things to Take the Trauma Out of Homebuying
1. Find a real estate agent that's simpatico. Homebuying is not only a big financial commitment, but also an emotional one. It's critical that the agent you chose is both skilled and a good fit with your personality.
2. Remember, there's no "right" time to buy, any more than there's a right time to sell. If you find a home now, don't try to second-guess the interest rates or the housing market by waiting. Changes don't usually occur fast enough to make that much difference in price, and a good home won't stay on the market long.
3. Don't ask for too many opinions. It's natural to want reassurance for such a big decision, but too many ideas will make it much harder to make a decision.
4. Accept that no house is ever perfect. Focus in on the things that are most important to you and let the minor ones go.
5. Don't try to be a killer negotiator. Negotiation is definitely a part of the real estate process, but trying to "win" by getting an extra-low price may lose you the home you love.
6. Remember your home doesn't exist in a vacuum. Don't get so caught up in the physical aspects of the house itself—room size, kitchen—that you forget such issues as amenities, noise level, etc., that have a big impact on what it's like to live in your new home.
7. Don't wait until you've found a home and made an offer to get approved for a mortgage, investigate insurance availability, and consider a schedule for moving. Presenting an offer contingent on a lot of unresolved issues will make your bid much less attractive to sellers.
8. Factor in maintenance and repair costs in your post-home buying budget. Even if you buy a new home, there will be some costs. Don't leave yourself short and let your home deteriorate.
9. Accept that a little buyer's remorse is inevitable and will probably pass. Buying a home, especially for the first time, is a big commitment, but it also yields big benefits.
10. Choose a home first because you love it; then think about appreciation |
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pattibcacl
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Thats sounds great good for you so am I buying my first home you have to have a down payment 5% your first time buyer you find the home you want then make a offter your realtor trys to get you a good deal next home expection to see good conditon then lawyer to check lto see that every thing is ok hope this helps you |
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ProudArmyWife2005
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We (my husband and I) just got married and bought our first home together...It's what we lovingly referred to as a handman special but still, it's a diamond now! As for our start though, we went thru foreclosure listings and researched ALOT before buying. FreddieMac and FannieMay are one in the same and will be the easiest (espicially with credit blemishes) so try them. Find the right real estate agent and it can make all the difference in the world. People NEED to sell homes now, not have too so shop smart...it was possible for us and it can be for you too.
Good luck :) |
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