 Buying a home (unique situation)? |
| My mother passed away in August of 2007. I am administrator of her estate. I am also sole heir. I want the home, however there are two mortgages on the home. I want to pay off the 2nd ($20,000) and ... |
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 Mortgage issue!? |
| I bought my house for £46,000 last year, I now want to get a bigger morgage and take it to £75,000, a joint mortgage with my fiance, we went to the bank and they asked us to call some solicitors ... |
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 I need help! Pre-approved for home...but don't know if its the right time to buy!? |
| I've been approved for a loan of $75k (not very much I know) but was convinced by Agent that I'd be able to find a really nice foreclosure home for that amount...still haven't. I'... |
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 What is the difference between let and rent? |
| I am looking to move and am currently renting but have no clue what lettting is all ... |
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 Realtor / Listing agent submitted a wrong offer!? |
| After placing several offers on a bank owned property we finally received word that our highest and best offer was accepted. The banks listing agent sent us the banks purchase agreement and it had ... |
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 Assuming a home loan? |
| My ex husband and I bought a house together while married, and now that we're divorced and both remarried, I want my name off of the house. He said what he has researched is that the only way ... |
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 I am in my new job for 2 months? am i eligible for home loan? Will bank give me a home loan ? my net is 12k... |
| I am wrking in a public ltd co., net sal is 12 k but i am wrking for only 2 months.. Is there any time period in the present job to get a home loan?? Am i eligible for getting home loan?... |
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 Are there any places in the U.S. where a person could buy a house for less then $50,000 that isn't isolated- |
| what I mean is that it isn't in a suburb, but has a sense of neighborhood where you can walk out your door and not have to get into a vehicle to get places.... |
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 How to make big deals in real estate ? |
I have seen many people in the real estate business but yet I did not see any real person who can buy a big land....
how should i find such buyers ?
What should I do to find some one who ... |
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 Is a 6% real estate commission with 4% to selling agency plus a $5,000 bonus to selling agent a good plan? |
| My house is super upgraded and in sparkling condition on a large lot with a great view. Only negative is the outside is an older 60's style (fab condition but not the newer "big box" ... |
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 Landlords, what do you think of this??? |
| I recently found a cozy little house to rent. It's the former guest house of the neighboring house. The landlord is a nice woman who realizes that she isn't going to keep long term tenants ... |
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 Can you sue a tenant for ruining your property? |
my dads tenant left all his crap in the house at literally cost us about $4000
Additional Details
the guys left his crap at our house and broke a hole in the wall, his dog peed on the ... |
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 Am I a canidate for a home loan? |
Am I a canidate for a home loan?
My husband makes $45,000 a year (We have a 6 month old so I stay home)
We have $1500 in credit card debt (due to Christmas shopping)
We owe about $6000... |
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 Can 2 people each get their own mortgage to buy the same house if they are both living in it? |
| ok so 2 people live in a house they rent, the landlord gives an offer for us to buy it, but we want our own mortgages ect. can these 2 people each get there own seperate mortgage for the house and ... |
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 Mortgages........? |
| Does anyone know of any mortgage companies who will lend 4-5 times salary? We are not first time buyers but are struggling to get a bigger ... |
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 What are some good real estate websites to browse pics of properties? |
| Totally new to the real estate game. I can't seem to do an effective search in Google to get me good sites.... |
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 Home Foreclosure? |
My house is being foreclosed on. Will I still owe money?
Can I sell the house.... |
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 Planning on buying a house advice is needed.? |
| And I need all the advise I can get as far as all the extra fees that they chage when processing all the paperwork. My husband and I are a young couple and I am afraid that they'll try to screw ... |
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Free spirit | What's better fixed or adjustable mortgage? |
can adjustable become fixed later?
Additional Details
Thanks everyone !! :) :) |
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Mongo
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If you can get a low fixed rate GET IT. Adjustable is a little risky and your at the mercy of the market. |
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STEVE0 THE CLOWN
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FIXED |
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Society Dweller
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Without a doubt, a fixed rate mortgage is better...that way, the interest rate cannot go up, like with an adjustable rate mortgage. You would have to refinance to get a fixed rate, an adjustable cannot just become fixed. |
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(no subject)
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Fixed is definitely best-you'll lock in whatever the current rate is for the life of the loan.
Adjustable means it will change according to the fuctuation of the rates and that can be risky.
You wouldn't want to start with a 6.25% rate and then end up with a 13% later on.
Personally I would never get involved with an adjustable rate. |
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J
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FIXED |
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nh2sma
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fixed yes |
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iceman
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Always FIXXED. Dont get screwed by the adjustable rates. |
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mazziatplay
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There is no pat answer to this one. What type of loan is best for you depends on your individual circumstances, future plans, and goals.
There are many different loan types because investors want to be able to offer the best alternative to the widest range of borrowers. What may be just right for one may be totally wrong for another.
Yes, some adjutables offer an opportunity to fix the rate a specific times but the fixed rate is usually one that is higher than the current market rate so most adjustable rate borrowers chose not to do so but to refinance into a fixed rate instead. In many cases they can take advantage of the streamline refinace procedure and avoid the costs of an appraisal and qualifying criteria.
Fixed rates are still low so adjustables are not as attractive right now although the 5/1 ARMS are still a good loan for those seeking a lower than market rate and know that they will be altering their mortgage needs by the end of the fixed period. |
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audiA4isawesome
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In the long run its been proven that variable rate mortgages will save you more money. But, considering that the interest rates will likely climb somewhat, right now is probably a good time to go for a fixed rate. With most banks you can always change after your term is up (within your amortization period of course). Fixed rates may also work better for a budgeter since your payments are always the same. |
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