 Home loan with a credit score of 597? |
| What are the chances of getting approved for a loan to buy a house with a credit score of 597? just curious, thanks.... |
|
 I thought most people changed the locks? |
| Whenever I move into a rented property I always change the locks - and give the landlord a key. This has never caused a problem. I do not know who has lived in the property before and who they have ... |
|
 House size and area? |
| If you had a choice... would you buy a big house in a crap area, or a teeny house in a good area? We got schools to consider too...... |
|
 I have an adjust. mortgage at 3.875 which is scheduled to go to 5.875 in Sept. Should I get a fixed rate now? |
| I'm wondering if I should ride out the next year at 5.875 and gamble that rates will come down the next time my mortgage adjusts in another year. Just wondering what you think rates will go to?... |
|
 Why does my lender want to see my entire bank statement for the last 2 months? |
| Is it not enough to just show the cover page of the statement that shows the opening amount and the closing balance? Why would they ask for the entire statement the shows all transactions in the ... |
|
| Should I refinance my 7/1 ARM 2 years early? |
| I have great credit and 40% equity in my home. I took out a 7/1 ARM 5 years ago and have 2 years left. I got a good faith estimate from a couple lenders and found I can refinance and my current ... |
|
 Which renters should I choose? |
| Here are the situations. I have a 2 br and 2 bath condo apt. I won't be moving in right away and will sublet it for 6 month or longer or shorter depending on my current situation which I would ... |
|
 How many skipped mortgage payments before the bank can begin foreclosure? |
| Lost job in the begining of May. Paid May mortgage payment, but only a fraction of June's. It is now July 21. Can the bank foreclose already? I just sent $600 but still owe $1,000 of June's ... |
|
| Can my landlord refuse to let me take in a flatmate? |
| I'm thinking of taking in a flatmate or lodger to help me pay the rent. I will have to ask my landlord for permission. Do they really have the right to refuse? I have a 3 bedroom house and its ... |
|
 I'm Buying my first home and I have a question about.....?? |
| Our closing date is set for the end of June this year, but I want to know if typically the owners of the house will let you do any work prior to closing. They have already moved out, and we want to ... |
|
 What do I do when bank start to forclosure my house? |
Additional Details
I m not able to keep the house so I have to let it go. Please let me know what to when the eviction paper is on my door.
Thank you so ... |
|
 My mom is selling her house and has received an offer and she has signed the purchase agreement recently.? |
| She has agreed in the agreement to close no later than 8/1 and to close within a week when their bank say it is ready. But, she heard from her real estate agent that they want to close in the ... |
|
 Viewed a new rental property today and the estate agent said? |
| if you rent an unfurnished property the council tax will be less than a furnished one. is this correct. or are they lying to try and get us to sign the contract?... |
|
|  |
MS DAHL | Ok im a first time home buyer? |
here is the deal me and my husband have put a offer on the house for 150,000 when the orginal price is 144,900 we have to beat out 5 people on the deal i will admit all the walls have to be torn down and re done how good are our chances and if we dont get the house will we hear back from our reatailer or is it like if they dont call then we dont get it i hope this makes sence |
 |
 
The ~Muffin~ Man
 |
I think the best outcome is if you don't get the house. Sit tight and wait...the housing market is slowly crumbling...there'll be bargains everywhere in a few years. |
|
PatV
|
I wouldn't assume anything. While the right thing would be for the realtor to keep you posted on the purchase, it doesn't sound like he's thought of this.
Call the realtor. And check your contract for the bid expiration date. |
|
SANDY G
|
If your Realtor is any kind of agent then yes you should hear back from them,Also don't always believe them when they say there is others so interested in it because they say that sometimes when they have only had people to call about it and sometimes they just want to sell the home because no one else wants it because of all the repairs needed ,hopefully this home is worth the price because it sounds like there is some major problems with it ,and I would make sure you hire a inspector and get others advice before i would pay out that kind of money. I have made some bad buys with a home before an it cost me stress an money an was real bad on my new marriage and the things not told to me by a realtor caused major present an future problems even when it came to reselling it . |
|
akc1106
|
It doesn't make sense at all. At least I didn't understand what your dilemma was or what your question is. |
|
d b
 |
Its hard to say how good your chances are. If you offered cash your chances are much better if everyone else had to get financing. Did you offer too much for a house that needs repairs? That depends on how much it will take to repair it. Will they call you to let you know what happened? They will have to because you should have put up some earnest money. If you do not get the house they will have to return the earnest money to you. They should notify you and get that money back to you. You should have a expiration date on your offer too. If you do not hear anything by the time your offer expires call your agent. |
|
Price is what you pay for value.
|
If you aren't in Texas or Seattle area, I would be very cautious on what your realtor tells you. Becuase U.S. housing market continues to slump.
Sorry to say this, but both seller and buyer agents get their commission when you sign the check to purchase. It is BOTH agents' interests to tell you that the property is hot and pay more, buy fast.
http://money.cnn.com/2006/09/05/real_estate/Ofheo_home_prices/index.htm?postversion=2006090514
http://money.cnn.com/2006/09/08/real_estate/caught_in_the_bubble/index.htm?postversion=2006090814
I was talking to several agents. Some are honest to say that I can get deals as inventory continues to build up. Some were trying to use scare tactic on me. Telling me if I don't buy now, it would be too late.
Good luck!
--------------------------
Rent vs. Buy as Housing Market Continues to Slump
As housing market slump, it is easier to calculate "Rent vs. Buy" scenario. Because "appreciation" is no longer a factor.
Mortgage payment consists of two parts: interests and principal. Interests are like rent, which doesn't add to the equity to your house. It simply disappear as your pay it.
If interests portion of the mortgage payment is roughly equal to rent of equivalent property, then it is a decent buy.
For example, let's buy a $500,000 condo with 0% down and apply interests only loan (just like renting a place). Mortgage payment would be $3250/month. It is a bad buy, because you can enjoy same property for $2000/month.
Please note that I assume the tax benefits from home cancel out fees from home association and property tax. For more accurate calculation, consult with your CPA or accountant. But NOT your realtor, whom will say anything to get the deal to go through.
And again, if you like a particular property, then paying more may be reasonable. You are the only person who can decide how much more premium you are willing to pay. |
|
tonalc1
 |
You'll hear from your realtor as soon as your offer is accepted or denied. Your chances depend on the market in your area. Good luck! |
|
gotchazspades
|
You Realtor will definitely get back to you whether you have been accepted or not. If you can fix up the place yourself it might be worth it, but if you are not a handy person rebuilding the house can cost alot of money and potential headaches. I hope you hired an inspector as well to see what issues the house has. |
|
mark2zephyr
|
You are offering more than the price asked, therefore you must have an advantage to be successful. Will you hear back? I bet you will, estate agents would love to deal with people who are prepared to bid over the agreed sale price... |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
9 | 17 minutes(s) ago
| | | |
9 | 44 minutes(s) ago
| | | |
7 | 45 minutes(s) ago
| | | |
9 | 1 hour(s) ago
| | | |
8 | 2 hour(s) ago
| | | |
9 | 5 hour(s) ago
| | | |
9 | 8 hour(s) ago
| | | |
9 | 11 hour(s) ago
| | | |
9 | 2 day(s) ago
| | | |
9 | 2 week(s) ago
| |
|
Homepage 
Financial
Forum 
Renting & Real Estate 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
