 I have a rooming house available for homeless veterans. I would like to know how could I make it known to? |
| homeless veterans with monthly incomes that can afford $250.00 per month for rooming in the Detroit, Michigan area.... |
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 What advice can you give for someone buying a home for the first time? |
| I just came out of college and got a job. I am looking for a house to buy. What advice can you give for selecting a house to get the best deal?... |
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 Breaking you lease, how can i do it? |
| I need to know if anyone knows who to ask or where to go to get out a lease...I have signed a lease agreement for 1 year i have a remaining $2500 on it....But i have to move 4 hours away for my new ... |
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 Buying a home after filing for bankrupt last year!? |
| we are buying 3 acres from my father in law and just curius on how long you have to wait before we can buy a home! we have been looking into buying a doublewide are module home we have talked to ... |
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 I got 2 months left on...? |
we got two months left on a 1 year lease on an apartment
we are wanting to move and found a great place
my question is how do we get out of our lease??
we know this place wont be there ... |
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 Help, my mortgage is with northern rock? |
| we are really concered and not sure what to do? we have 3 1/2 years left with our fixed rate term... but were considering moving and paying the penatly which is around £3000, do you think we are ... |
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 Should I sell my house for sale by owner?? |
| There are 3 other houses for sale in the subdivision. We have only lived there 3 months but we are just unhappy and want to move back home. Should I sell it by owner or use a real estate agent. How ... |
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 How can you definitively find out the property line of a property? |
| I'm looking at this property and the buyer says he doesn't know where the property line is exactly. Who, SPECIFICALLY, can definitively determine this and how do I get them to come out to ... |
|
 Reverse Mortgages? |
| Can anyone tell me the pros/cons of a reverse mortgage? I have an older family member inquiring about this & I'm afraid it's not beneficial for them. Tell me , anyone......... |
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 How can a person buy an abandoned house? |
| I'm interested in buying a house that has been abandonded for years. I don't know the exact address or who the owners are/were. I want to know who to talk to in order to find out if the ... |
|
 Hello does anyone a site that shows affordable apartments or rooms in Santa Barbara, CA!? |
| im looking for a site that shows affordable rent for an apartment or room/shared in SANTA BARBARA, CA.if u live there then you know how expensive it is.rent can be as high as $5,000.im looking for 300... |
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 How do I stop someone from building rental slums next door? |
| We live just outside a small town in missouri. We had an empty lot next door and this slum-lord jerk bought it and is putting up 3 tiny rental houses on a regular sized lot. One of them is about 1 ... |
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 Who should I talk to first about getting my money back? |
| My wife met a guy at a realestate seminar. At one of their "hook up with other investors" sessions she met a guy who seemded credible. He is from Utah -Bob Noxon-case you can look him up- ... |
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 When is our first mortgage payment due? |
| We are moving in around february 7. Are we going to pay the month of march or april.... |
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 We moved out of our apt and got a $900 bill for carpet replacement!!? |
| In the bill it said carpet replaced due to pet odors. Well we have 1 freakin cat, not a kennel! And the carpets did not smell at all. And if they did, why would you not get them professionally ... |
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 Is it legal for a landlord to evict you if he recived your payment but lost it and is now kicking U out w/3day |
| My friend needs help. She sent in her payment,they recived it and lost it before cashing it. Now he is evicting them and only giving them 3 days to do so. Is there anything she can do? Or anyone she ... |
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 Best place to live in the USA? |
i am looking for a place in the America that has good weather. Something Sunny and wham like 65 and 80 most of the year.
with low tax's and good jobs and homes in the pries rang $75,000-$130... |
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 What do I have to know and have when buying a used home with zero down? |
| My husband and I are looking forward buying our first house. We are teachers and know that there is a program offered by some banks for first time buyers and/or teachers. Do we need a realtor that ... |
|
 Am I financially liable for a rental laptop that was stolen? |
| I have leased (rent to own) a laptop from Aarons rent to own and it was stolen yesterday.Before I go and talk to the people at Aarons Id like to know where I stand and if I will still be responsible ... |
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Jeanette C | What are some ways a single mother on an average income purchase a house? |
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Chelle
 |
The first step is to talk to a mortage broker or banker. You will need to be able to provide proof of income, and they will run a credit report. If you're debt-to-income ratio is steady, and you have good credit, you may be able to do 100% financing with 6% seller assist. The interest rate may be higher than you want (like 9-11%) Your purchase price may be low, and you may need to buy a "fixer upper", which takes some dedication and a good real estate agent. You may be able to do an FHA mortgage, which will get you a lower interest rate.
The other option (which takes a lot of patience and self-control) is to save like there's no tomorrow. Cut up the credit cards, pay off some debts to get your income-to-debt ratio lower (generally you can't have more than 33% of your income go towards debt), and open a savings account, even if it only has $100 in it for now. If you're able to put even 5% down, in addition to about $4000 in closing costs, you will be able to get a much better rate, which will lower your monthly payment. It takes longer, yes, and it won't be easy, but you will ultimately be able to afford more house.
The "unconventional" route would be to see if you can find an owner-financed home for sale. Basically, this means the seller is willing to carry the mortgage for you, and you can negotiate if you get the deed upfront or after the home is paid off. There are a few risks associated with this, so be sure to work with an experienced agent or attorney if you are able to find a willing seller.
The housing authority (HUD), Fannie Mae, Freddie Mac, etc. may have some additional resources for you, so you may want to check out their websites first. They will at least be able to provide participating lenders and give you a good place to start.
www.hud.gov
http://www.fanniemae.com/index.jhtml
http://www.freddiemac.com/
Best of luck to you and most importantly, don't give up hope!!! Feel free to contact me if you have any other questions. |
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dvz
 |
Maybe I can help you..
Go to one of your local Realestate dealers and thell them what you can afford, where you want to live, etc..
I am sure that they can help you. I live in CostaRica so can not help you here.
If I can help you more, write me at dvz_33@yahoo.com |
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Shay~Shay
|
Here we have the single parent program and there's young lady that speak's about this on the radio. Make some calls to DSS I know the could help with the information. Call the radio station they'll be glad to tell you. Hud maybe able to give you some information and maybe the bank's on these program's. |
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W. E
 |
All is not hopeless - ok Here are a few links to show you the in/s and outs of homebuying.
http://www.fanniemae.com/homebuyers/homepath/index.jhtml
www.fanniemae.com
The have a Homebuyers Handbook, from the George Washington University, Washington DC that you can download and print out.
Just as a reminder, when you start to look, go with a broker who will only pull your credit 1 time. He / she can submit it to his lenders (for instance I underwrite for 150 company's). The lenders I submitt to will use my credit report, saves you haveing your credit pulled numerious times, and lowering your credit score.
What you will need:
2 years job time
2 yr's W's's (not your taxes- unless you are self-employed, but the W2's itself.
2 yrs rental history - if you rent - if not - a letter from a parent. It is always good to pay your rent by check - so you can get the cancelled check's....your broker will help you.
Visit my web site - there is alot of helpfull information on it - I am not trying to get your business, just trying to help you - Information is the key - to homeownership, the more you know the better you feel, your more confortable in the process - and ALWAYS ASK QUESTIONS IF YOU HAVE A QUESTION - IF YOU DO NOT KNOW SOMETHING.....NO QUESTION IS A DUMB QUESTION - OK Good Luck. |
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Lynn
 |
Contact your state housing authority. They usually have some classes you can take that tells you about all of the available programs and the ins and outs of buying which I highly recommend. It really helped my husband and I when we bought a house. You might need to consider slightly different options than a house first. In our area prices are absurd- the only single family houses we could afford were complete dumps that needed thousands of dollar to make liveable and they had no land. We ended up buying a duplex and renting out the other side to pay half of the mortgage. It's a much nicer place than we could afford if it were single family and we can sell it for a profit in a few years if we want to. If you end up doing something like this, make sure you have a lawyer review the lease you would have your tenants sign. It can be a major pain if you have to try to evict someone and you don't want any loopholes.
There's always the option of buying an apartment or a condo too. In my area, they're not great for resale value but I know of a lot of people who prefer a condo because they don't have to worry about mowing the lawn and all that stuff. Good luck!! |
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answermonkey
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Try applying for the loans for the first-time home buyers - Feds subsidize first-time buyers and there are numerous programs allowing you to get a lower interest rate. The drawback of those programs is that you cannot sell a house. |
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Mr ME
 |
find a married father with an highly far above average income
who would put you into your dwellings against small "services".... |
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nartox
|
contact the Fanny Maye foundation |
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Wendy B
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there are many programs for 1st time hm buyers. contact me for details. |
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