 How can I make my house look cheaper to a person who is appraising my house? |
I need to make our house look cheaper to an appraiser. I'm trying to help my mom because if we dont and the house is appraised highly my dad can get a LOT of our money. :(
So far we ... |
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 Is it the responsibility of the landlord to provide a phoneline? |
| At the viewing the agent could not say whether or not there was a phoneline. I now find there isn't one. I need the internet at the property in order to do my job. It will cost substantially to ... |
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 100% mortgage??? |
| I earn enough money to paid a mortgage monthly but I have not got the money for a deposit and by bank will only lend me 4 times my salary which is not enough to buy a house. Can i get a mortgage for ... |
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 If a tenant moves out and leaves an unpaid phone bill, is it the landlord responsible for paying it? |
| there is a collection agency attempting to collect on an unpaid phone bill from a former tenant, am I responsible for paying it since I own the property? If I rent to another tenant, will the unpaid ... |
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 Somebody please help!!!? |
| I have just had my property valued at £110k. No problem with that, i hear you say. only, I purchased the property for £123k less than 10 months ago. I want to sell but now have 13k negative equity. ... |
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 If a roommate can't pay his side of the rent, are you responsible for it? |
| Like if they lose their job and they were paying their $700 a month and y ou've been paying your $700, do you have to pay FOR them, so suddenly you're paying $1400 a month? How does that ... |
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 Why do people live in council houses and pay rent when they could own it? |
| I speak to people every day that have lived in their council houses for 20, 30 and 40 years. and have paid rent all that time and now have nothing to leave their kids...i dont get it ...is it simply ... |
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 Can I withhold rent if there is something broken with my apartment that i have asked my landlord to fix? |
| My garbage disposal has not been working for the past 2 months. My landlord wants to charge me a late fee because my rent was late a day. I dont want to pay a $100.00 late fee for 1 day especially ... |
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 How does one usually pay the deposit to a landlord? |
| Cash? Bank transfer? I'm asking because it would influence how I manage my finances, and it would be nice to know how the payment is usually done so that I could be on the lookout for unusual ... |
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 Is it just me or is craigslist down? |
| I just tried to get on craigslist and I can't get on. Is down right now?... |
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 Can I sue the realtor or landlady for not returning my deposit of 1,450 after I was not accepted in the buildi |
| I live in Miami Beach, I applied to rent a place which took 200 dollar non refundable for credit and criminal background check, and the realtor took 1,450 as a deposit, he said if you don't get ... |
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 Can landlords stop you from moving out before the end of your tenancy? |
| I've been wanting to move out my flat but my landlord says i can't until the end of the tenancy and if i do, i still have to pay the rent until he finds someone to move in. This can't ... |
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 If you get a writ of attachment from an apartment complex that says I have 24 hours to get out? |
| Will they enforce it, even if it falls on a weekend?? I live in Houston, texas, I should have went to the court session for the eviction but I didnt.... |
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 Whats the best way to address your landlord (property management) when your rent check bounces? |
| I've lived at my place for 8yrs as of May and Ive only bounced one check with them back in 02. But the story is I payed rent in March, then in April, but when I went to pay my taxes I saw that ... |
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 Can my landlord do this???? |
| We have been living in our home for 8mths. We have always paid our rent 2 to 3 days before it was due. We have only been late one time, and that was 2 months ago. We paid it on the 3rd of the ... |
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 Is it better to pay off debt or have more cash? |
| My sister-in-law is planning to apply for FHA loan soon. Is it better for her to pay more of her debts with the cash she has or save it in the bank? Her credit score is already low 700's. I was ... |
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 Does the landlord need to give 24hr notice before entering the property I rent? |
| my landlord and his partner keep just turning up- with potential tenants to show them my room, but they just use their key- dont knock or give notice, i thought it was 24hr they had to let you know, ... |
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PinkCarnation | What do I do if I want to buy a house, but I can't prove my source of income? |
I'm a freelance Web Designer. How do I legally get proof of income? The only savings that I have is the money that's going to go to the deposit, so my bank statements could be useless, or not? I'm 25 years old and a single female. |
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becca9892003
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depending on your credit score you can go into a no assist no income verification loan.....your credit score has to be stong to obtain a lon like this becasue the bank is going on the fact that you make what you state you make...there is very limited documentation needed for this type of loan....you can get 95% financing on this type of loan with a 3% seller assist to help with closing costs..the first step is to contact a mortgage broker and let them look at your credit to see if you even qualify,,,if your credit is not strong enough the next step is to be self employed for at least 2 years...at that time you can go stated with a letter from your cpa saying you are self employed.....if you have any further questions on this you may email at becca9892003@yahoo.com |
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whore of the old testiment
 |
you would probably have to find a way to declare yourself a small business and report your earnings |
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curmudgeon
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The bank will take your tax returns as proof. Or find a seller who will hold th emortgage himself. |
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epalmer613
|
There are mortgages available for people in your situation, that do not require documentation of income. You will pay a higher interest rate for this. Any large mortgage company can provide this service. |
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BuddyGuru
 |
Welcome to the world of the self-employed. That's only the first of the problems you will have to overcome, but it can be done. Bottom Line is it's well worth it. |
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momentum
 |
Did you invoice your customers? Can the customer provide you with a statement of some sort showing their payment records (like a pay stub)?
You should be keeping these as proof of income. If not, your previous year's tax return will suffice. Sometimes they will ask for the previous 3 years of returns for self-employed. |
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wayne22806
 |
talk to a broker or get into real estate using none of your own money. You can look at various investing techniques such as no down or rent-to-own. It's good way for people who have no money or on a bad credit.
Check this site out to get into the real estate, build up passive income and eventually buy your own house.
http://rent--to-own-property.blogspot.com
And always surround yourself with a reliable lawyer and accountant who specialise in property.
Good luck. |
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g w
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heard the old saying money talks bulls##t walks just find the right person or contact a lawyer that will guide you in right direction . |
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Ricknows
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My wife and I will be in the same boat soon..I own a painting company. What I think lenders and such suggest is depositing any money you make for 4-5 months in an account. I think, then they might estimate what a year worth of pay would be. It's hard with your trade and mine, because sometimes it's hit or miss and there are tons of other factors too....To ease your confusion, you really should just call a mortgage specialist or someone similar and just ask them that exact question and see what they suggest......good luck- hope it's smooth for you |
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9inches
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take your bank statement and be up fronr here thats prof of income here, and use itt as that purpose, and it dosent materr if your 25 or nott here, or get your bank to give you a updated status on your savings account records all can be done bye computer hons in minutes of your time money talks bul walks!! |
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Price is what you pay for value.
 |
As housing market continues to slump, if you don't plan to delay your plan, please interview several and pick a good realtor or agent.
Bad ones will talk you into buying the largest property at your credit limit. Good ones will find you a good deal (Sellers are offering discount and incentives now).
Try to stay away from Adjustable Mortgage, because 30 year fix mortgage rate is very low right now. There is no reason to use Adjustable loans except fatter commission for loan agents.
Interests only loans are not good iether. 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 you want to use interests only loans, might as well rent, especially during market downturn, because housing price won't appreciate.
Finally, for tax benefits, talk to your CPA or tax accountant. Do not consult finance with realtors or agents. They get commissions when you sign the check!
Good luck!
http://biz.yahoo.com/brn/060909/19463.html
http://money.cnn.com/2006/09/08/real_estate/caught_in_the_bubble/index.htm?postversion=2006090814
http://money.cnn.com/2006/09/05/real_estate/Ofheo_home_prices/index.htm?postversion=2006090514 |
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humanresourcesman
|
You can get a "no credit check" loan but the interest rate is a little higher and you usually have to put 20% down payment to guarantee the lender you have some equity. There may be restrictions calling in the mortgage if you ever put a home equity loan on it also. |
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Trish
|
paying State and Federal income tax you can photocopy your forms and use them as proof of income |
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jane j
|
If you need proof of income you must create your own receipts. Go to a stationery store and buy blank receipts. Each time you have an account receivable, record that on your receipt. Also bank cheques are a good way to record your income. Make sure that you get your cheques back service at your banking institution. Once you establish credit history with a bank and you have a good income without credit problems you could get a mortgage. Also look into no money down or distressed properties sales if your income is not high but you must have good credit. Also finding someone to guarantee a loan or mortgage would be good, but they need to know they are responsible if you default. Good luck! |
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Searchlight Crusade
|
Assuming your tax returns don't show enough income, you have two options: Stated Income loans, or, subprime lenders have a program whereby they will accept bank statements over a certain period of time.
Tax returns are the bank's most preferred method of documenting income. Nobody tells the IRS they make more money than they do. I am waiting for the IRS to start investigating people who get stated income loans as tax dodgers.
Talk to at least half a dozen brokers in your area. |
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nondescript
 |
Talk to a mortgage broker. They often deal with such cases and know how to make a case for you. My guess is that your bank record would be highly relevant.
You can search for mortgage brokers online. You should be aware, though, that the interest rate will be slightly higher in cases such as yours because you are, unfortunately, considered a credit risk. |
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pagemitre
 |
you can use your bank statements but the
best prove of income should be your W-2
from the year before. |
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ed
|
Your Tax Returns would be required.
Usually 2-3 years. |
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