 House deposit back? |
| If i signed a contract and i payed the deposit to rent a house,if i change my mind,can i get the mney back?The house does not fit my needs.I am supposed to move in at the end of the month,but i ... |
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 Anyone live in North Carolina? |
| I'm looking to move down there and I wanted to know what are the best areas or counties to find a job and what are the absolute abandoned places to live. I'm moving from Washington D.C. and ... |
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 I've been approved for a home loan, we're first time buyers with fair credit, the lender approved us at 10.7 |
| % interest rates (wow) he said that after a year we can refinance our house and get lower interest rates. It's my first time, So I don't know much about it. What are the chances that ... |
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 Buying a house? |
| Ok, my aunt who's elderly is moving in with her daughter and offered to sell me her house. Its below market value , but also needs some updating. My question is, I have no problem securing ... |
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 In this day in age, is better to rent or to buy a house? |
| Peoples opinions are really going to differ with this question.... |
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 Looking to buy a house how pricey of a house can I afford? |
| I work 40 hours a week at 10 bucks an hour... My girlfriend makes about the same thing... I have a half of a semester left in college and she has a year and 1/2 to go. Is buying a house a realistic ... |
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 Do we have a case to terminate lease? |
| My mom was living in an apartment in texas, and became very ill. She renewed her lease for 7 months just before she got very ill. She suffers from mental illness and was in the hospital, she has a ... |
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 What exactly I'm looking for when refinancing my condo? |
| I was just looking for a better interest rate, don't want money back and intend to move as soon as I can.... |
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 Realtors..Male or Female..Who will get me the best price for selling my house in todays economy? |
good time to sell or wait?? i have realtor friends..should i use them or get someone i dont know to get the best price?? and which gender should i use?...any suggestions and thanx in advance...
<... |
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 I have a realtor but no one has even called to see my property, should I rent it instead of sell? |
| its a one bed one bath condo in the northshore of IL. On the market for 149,900. Totally remodeled, granite, stainless steel appliances, pool, garage, great location. Would it be more beneficial to ... |
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 I just looked at a house I am interested in buying on the internet, but I have a question? |
| The house is a ranch brick house with a basement and it says boiler new. What is a boiler for? It doesnt say anything about airconditioning or heating, so I am assuming maybe this is for heat. T... |
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 What are my rights as a tenant? |
| over the past two years myself and 5 others have lived together in a rental house while attending university. during the course of our 2 years there have been wear and tear on the house, like scrapes ... |
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 What happens to the deposit on a house at closing? |
We are buying a house and we put down money for a deposit on the house. Do I get the deposit back at closing? Or is it used to pay other fees?
Additional Details
I do have estimated ... |
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mtsoccerx | Need help with mortgage information? |
This is the first time buying a house. I was wondering do different lenders have different payment set ups, or do they all go by the same "rules" For instance, i got a quote on a house its 80,000 and my payments would be 730 a month for that lender. Would it be the same no matter what lender i go to. Also,Could someone explain all the important details i would need to pay attention to and any extra help. Thanks |
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benebuck8
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No, they don't all go by the same rules.
What you want to get is a Good Faith Estimate, which breaks down the closing costs as well as the mortgage terms (interest rate, loan amount, etc)...
Also, your $730 should include property taxes and insurance. Otherwise, this is probably a high interest rate. |
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alexatlanta
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No, all lenders do not play by the same rules.
Look for two things (at the minimum).
Rate and APR. The rate is the rate you pay on the loan and not the up front costs. The APR tosses in the extra costs and gives you a more "real" picture of your overall loan cost. Therefore a rate of 5.75 might have an APR of 6.4. A rate of 6 might have an APR of 6.25. The first has a huge up front cost and the second has low up front costs.
Always ask for a "Good Faith Estimate". Your loan specialist will know this term. This estimate outlines your costs and your payments. What you need to bring to the table in a money order and what you need to expect to pay each month are on this estimate.
If you compare estimates, you will see variances in costs and charges. That is why I say, the easiest way is to compare the APR. That includes the amounts.
That said, the APR is rated for the term of your loan. Most people don't live in their first house for the term of the loan. So, it can be a little misleading. Using both the APR and Good Faith Estimate will allow you to know what you are getting into. |
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burfette
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I am in the same situation as you are. I just got a GFE from the lender I intended to use and am very confused by the proposed monthly payments. When I questioned, the lender told me it would be in my best interest to "shop around." So, apparently, you could get a better deal with a different lender. Definitely find someone you trust to look over the documents before you sign and committ to anything. |
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Gem
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Wow, that is alot of monthly payment for such a little mortgage.
No, all lenders use their own rules, go to more than one to get the best deal. Make sure you take your loan documents to someone that can understand the legalese before you sign them.
Good luck |
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sideline2084
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Check out http://www.mortgagefigure.com there is lots of information on mortgages, refinancing, consolidation, bad credit mortgages, etc and may be able to help you. |
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Rick K
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most times its based on your credit score,income and debt to income ratio if credit is above 720 score and you make good money you should get rate in the low 6% right now watch out for fees on good faith and ask questions!
GOOD LUCK |
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Don
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If the interest rate and closing costs are the same then the payment should be the same. Make sure you know what you are getting, an ARM, or a fixed rate. ARM's (Adjustable rate mortgage ) are what are causing the astronimical forclosure rate right now. When they raise the rate some folks can't afford the new payment. A 30 year fixed is the most preferable lone. |
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Carolinahomerates.com
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no it wont be the same.
the interest rate may be different and also the monthly property taxes, hazard insurance, and mortgage insurance will definitely be different!
you need to compare the interest rates..and the closing costs from the 800 lines. DO NO COMPARE THE 1100 LINES because every lender will ESTIMATE what they think YOUR attorney will charge or YOUR insurance will charge. |
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Irv S
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There are different deals, different rates for
different terms. Shop around. You will be
bound by this contract for a long time.
Seek advice from YOUR lawyer, not an agent
whose only interest is the sale, and who is
working for the seller, not for you. |
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