 Tenants won't pay their rent, should I change the locks and kick them out ? |
They are new tenants and still have not even paid their deposit saying they need time. 1 month later and not paid the rent either. 1 week late. Whats my legal stance ?
Can I change the locks and ... |
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| Recently - I received a visit from the town for my shed being to big, having a 4' freestanding pool with no permit, etc. Mind you - all of these charges were found to be a 'no grounds' ... |
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 I am a Landlord in Indiana my tenants moved out at the end of the lease without notice whats my rights? |
| The lease reads as follows under #32 NOTICE Any notice required or permitted under this leaseor under state law shall be requested ,30 days notice at the end of the lease to renew or not .I talked to ... |
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| I live in wisconsin and have been having trouble finding this information. I know the landlord has to give at least 12 hours for entering but it doesnt state anything about whether he is allowed in ... |
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 How much do we need to make to afford this house? |
| We are interested in a house that we think we can get for $275k. We would put 20% down and have a 220k mortgage. This will be no problem with our dual salary, but we're thinking that I will ... |
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 Should a Landlord rent out his property knowing he's not been paying the mortgage or ground rent ? |
| This little surprise arrived on the hall mat, in the form of a letter addressed to the occupier, it stated that a hearing was set at the local court for repossession to commence, would you as the T... |
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 Do I Have To Let Him In My Home? |
| I am moving out of my apartment on June 1st but the owner wants to show off the apartment before I leave, do I have to let him? I figure that I paid for the whole month of May and it s still my place ... |
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 Does the year of a house built affect its sale value? |
Additional Details
Thanks for your supportive answers so far. What about the situation specifically for an apartment unit inside a co-op building?... |
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 What to do - Landlord not providing heat!!? |
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The pet shop can supply mice and rats.
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| I got a roomates about a years ago but i want her to leave i want to have the apt to myself i just rented her the room and she wont leave? the apt has been mine for 3 years never had any problems. i ... |
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 What happen if u lose a job before closing date? |
| my closing date is aug. 8. i think my job mabye in jeopardy. if i lose my job before closing date...do i have to tell my mortgage bank? what happen if i get another job before than? do i still ... |
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 Have to leave Parents Home? |
My Parents have decided to sell up and leave the country - leaving my brother, sisters and I homeless.
Our ages range from 17 to 26 - are we entitled to any sort of housing help?
... |
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allykat | We want to buy our first home in Georgia (it's $189,000), our combined credit score is probably 700. Help!! |
Ok, so right now we are renting an apartment. Our monthly expenses without rent are maybe $1000. The house we want is in Stone Mountain, GA and price is $189,000. We are first time home buyers. My Transperian? credit score is 712, but my husband's is lower. (I don't know, but lets say 650?) I'm 25, my husband is 26.
My first question is...
1. Do they combine our credit scores to make 1 score?
2. What are the odds of us getting approved for a loan at a very great rate?
Thank you for any help you can give!!
:) |
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yogurtsoju
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your scores are not combined...and depending on the lender you go through they will take either the higher of the two, or the lower. But at the same time, your transperian is 712...but what about the other two? They will take the middle of the three. Some like new century will allow the use of the highest score. If you're score is 700+ you're A paper, meaning you should not have any problems...even if you are first time home buyers.
I am a financial planner and mortgage loan consultant here in California but am licensed to do work in Georgia. I can help and answer all your questions, so if you like e-mail me at yogurtsoju@yahoo.com or cwonj116@gmail.com and I will reply with my phone number and I can better help you. But even without my help you should be able to get a great loan. But since it seems like you are uneducated or experienced in the matter, let me know and I can help you out. Give you a list of questions you should ask your bank or broker (if you dont know the difference I'll explain that as well), things to look out for, and etc. I have been doing this for a long time and don't need new business, but I wouldn't not like to see you get into a bad program. So contact me, and I will give you some advice and you can take that to your local broker or banker and get something worthwhile. |
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littlebettycrocker
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call a local bank. you can ususally get a lower rate with a first time home buyer loan. I actually just bought a new house and signed the papers today. I took a home buyer eduacation course and received a $5000 grant to use for closing costs and down payment. Just call around for differnet rates before they increase again and make sure the loan officer locks in your rate. |
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Keyon F
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I work for United Lenders Group and I work with over 45 different banking companies so I could get you a mortgage with a great rate.
916-860-0804
keyon |
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sunshine
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They will use the middle fico of the primary wage earner. Are you doing 100% finance, or do you have a down payment? Your 700 score will get you a decent rate, but the rate will improve with the amount of money you have down. Let me know if you need assistance, I work with a mortgage broker and am a real estate agent. |
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reggiewjr1
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They do not combine the scores, they will use the middle score of the main borrowers three FICO scores. Normally you place the person who makes more annually as the main borrower. But I do know of lenders that will use the higher mid FICO of either borrower regardless of incomes, so it's also a variable to look for.
A TransUnion score of 712 is good but you need to know all three, six in your case because there are two of you.
It depends on what your idea of a Very Great Rate is, I would think. But depending on your other FICO scores you should be in a good position to get better than average rates.
P.S. Please do not use anyone on this site that didn't have the courtesy of answering your questions before pitching you on their services... |
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mkulda
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You don't get a 'combined' score that is a combination of the two individual scores, but rather you get a joint score that is a reflection of the repayment of your joint obligations.
A 712 is going to be good enough to get you a decent rate. A 650 is not. Hopefully you have a better joint score. The lack of length of time of joint credit is going to hurt you though.
Since you have a much higher score, your odds of a good rate is pretty good. |
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bulabate
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Do not get in a hurry, home prices are just starting to fall! 200k range maybe too high if your incomes are not secure or high enough. Make sure you get a fixed interest rate when financing.Rule of thumb your mortgage monthly payment should not exceed the best earners "one persons pay" take home pay of one weeks pay! a rule that young people fail to recognize! |
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Dan
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There are other factors involved but just based on your credit scores you should have no problem getting prequalified and at a good interest rate. Keep in mind you should have 3 credit scores for each of you and the middle score is the one used to obtain a mortgage. They are not averaged just used as they report. I recommend contacting a mortgage broker as they have hundreds of lenders who will compete for your business from the broker. If you need any help or have any questions feel free to contact me. www.dantadgerson.com |
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nancy b
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You shouldn't have any trouble, that is a good score you have and your husbands isn't too terrible, the thing they also take into consideration is combined income, that will have a big impact on how much you can get financed for, get yourself a good buyers agent, do not use the agent who is listing the house, she works for the sellers and has their best interest in mind. A buyers agent is no cost to you, they'll split the commission with the selling agent. The buyers agent can get you preapproved for a house so you know where you stand before you even start to look.
Good Luck |
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dm_dragons
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There are lots of variables involved but your scores sound very average and common. Your debt ratio and income will impact the loan consideration. It appears that your PITI could be near $1,800 per month so one question to ask is whether this is more than 1/3 rd of your combined income.
They consider both your credit rating.
The odds sound pretty good. Look for some kind of state housing authority...you might find help with your first purchase and even some free cash!
Start with this website:
http://www.columbushousing.org/
If that isn't your city they should be able to point you to the proper agency. There is usually plenty of help with the words "First Time Homebuyer"...don't miss out on the opportunities of better rates, down payment assistance and the such. |
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Erin
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You might want to consider just get the mortgage in your own name, since you have the better score. 712 is pretty good credit. The average is about 680, so you should be fine. |
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DMBthatsme
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Answer to:
1) They combine the score unless only one of you is buying the house, I believe.
2) Not that great odds, but better since you are first time home buyers. Depends on how you are setting up the loan. How much are you putting down? Please say at least 20%. That way, you don't have to pay for the PMI.
Good luck. |
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