 Is 5% too high to pay a real estate agent? |
| I live in Pleasanton CA, and have recently been informed by a friend that my agent is robbing us, by charging 5%. Is this true? What is a good percentage? And does anyone have any tips on ... |
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 Based on our income what would be an affordable home price? |
| My fiance makes about 95,000 a year and i make about 85,000 a year. what is an affordable home price? we are both 27 years old and still have time for raises and advancements in our careers. We live ... |
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 As a tenant, what can I tell prospective buyers? |
I have a question for those 'in the know' here.
Our landlords have been pretty deceitful about the house. They lured me in with promises to update and fix things but never did ... |
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 Is there anything i can do about my neighbors guitar noise in my apartment?complex? |
| theres not a certain time of the day or an exact day of the week that he does it, but it's annoying as hell. the floor shakes and you you feel the vibrations when you're trying to watch a ... |
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 Are you sheltered from the mortgage crisis? |
| because you are lucky or becasue you have a 3 suitcases full of product in your closet?... |
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 Where is a good place to move? Why? |
| I would like to move somewhere that the cost of living is affordable, housing is reasonable, good school systems, wages with an B.A. degree or higher pays well, crime rate is not high, and a great ... |
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 Buying 1st home, 30 yr. fixed,10 yr interest only loan? ADVICE? |
| I have applied for a loan of 160,000.00. Approved for 30 year fixed @ 6.75%, 10 yr interest only + (including taxes, insurance, haz-insurance). I am pleased about the payment. What do you think about ... |
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 Being evicted? |
| This month has been hard on our family. We ended up paying rent very late. (just on sat) But we paid it in full and late fees included. This was the only time this has happened. The landlord came ... |
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 ADVISE PLEASE!!! Should I stay in the house I am in, or should I move? PLEASE READ BELOW? |
| I am currently renting a home, my landlords decided to put the house on the market and do a short sale. After an open house and 3 other showings, the real estate agent said that she received ... |
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 My parents want to buy a home under my name. What should I do? |
| I'm 22 with pretty good credit and a good paying job. My parents have never owned their own home but now that they're more successful business wise, they're up for it. They both have ... |
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 Is it possible to buy an island for about $2 million? |
| i herrd that leonardo de caprio bought an island for 1.2 millon and i was wondring is it tru becaue i have about 2 million saved and i would love to buy an island where can i get the info?... |
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 Can my landlord require me to do this? |
| My lease ends at the end of this month, and my landlord is sending me 'requirements' to move out. One of them is show her proof of final payment for utilities (in my name). I don't ... |
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 How do I make a nonpaying tenant leave my house? |
| My tenant has left her old mother alone at my house 2 days before the end of the lease saying that her mother would leave on the last day and return the house, But the mother refused to leave and ... |
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 Lease ends 6th of October. Should landlord have to prorate me if I want out by 6th? |
| I live in Washington state. I am on a 6 month lease and was wondering if I have to pay in full for my last months rent. I want to give them 30 days notice by the 6th of September. Are they required ... |
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 Can my landlord sue me when there was no verbal or contractual agreement of rent? |
| I recently rented the lower level of a home. The place turned out to have more problems and issues than I cared to deal with. I never agreed to a specific amount of time that I would stay or what ... |
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 After ice storm, tree fell on my car. Will my landlord be liable for the damage? |
| I rent a house. There is a pine tree that has been dying since before I moved in on the property. Two weeks ago we had a winter storm - freezing rain, below zero temps, wind gusts 30-40 mph. Well, ... |
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 Can I make it with a room mate? |
| Ok so I want to move out when I turn 19 and when I go on to this school I'm transferring to. The apartments around there are probably around $300 - $400 and I want to know if I can make it with ... |
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Shika | What is an ideal down payment for an $100,000 property? |
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 |
 
zanthus
|
I think the bank will require 10,000 at least.
a $90,000 20 year mortgage at 6% will cost
about $650 per month in payments |
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VEGAS VIXEN
|
20% or $20,000 to avoid having to pay PMI (Private Mortgage Insurance). But, if you're like me, you don't have that kind of cash just laying around. So, with good credit and steady income, you may qualify for 100% financing and the money you've saved can go towards closing costs and other expenses (new furniture, remodeling, etc). |
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RickRN
 |
5% gets you a better rate. Any more than that does not matter for rate. 20% and you avoid PMI. |
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RENEE
 |
Shika,
I agree with DakB. FHA loans are getting better. when we bought our home in Shreveport,LA we were put on a FHA loan. All we had to put down was 3%, which saved us a lot of money. Our plan was to flip and sale it. Needless to say the maket is crazy now, but with us being on a FHA loan our rate is only 6%. Being on a FHA loan, to me, is better. What happens is that your rate stays the same, you just get truned over to differt mortgage companys though out your 15-30yrs. Hope I was of some help!! God Bless!! |
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G
 |
$10.000 or $20.000 |
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Rick B
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If you put down 20% you will typically avoid PMI.
I would put down at least 10%.
The IDEAL down payment would be 100%!!! |
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Alterfemego
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Shika, it depends on your financial situation. You could go zero down to 20% down. It's your call. |
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Gregorio
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$20,000 Especially in the last few weeks. If you qualify for a conforming loan you will be fine. |
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kate
 |
20% down on any property saves you paying PMI every month
If you put less down , you pay the Private Mortgage Insurance and it is Not tax deductible .
> |
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Terry S
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20% or $20,000. Lenders are very nervous at this time and will not loan any more money with zero down interest only loans.
20% will help you get a lender to actually want to do the loan.
It will also AVOID Private Mortgage Insurance (PMI) which is a total waste of money you would be required to pay every month to cover the lender in the event you skipped out on your payments. |
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helprhome
 |
I agree that you will not have to pay PMI (Purchase Mortgage Insurance) which protects the lender from your default if you put 20% or 20K down in this case. BUT, I am hearing that the FHA, VA markets are coming back better and stronger than before so before you pony up all of the cash ask about the FHA loans and see if they are happy with a basic 3% down. This is a mortgage broker question not necessarily for the REALTOR. They will advise you to do what they are most familiar with and you should be working with a lender who is looking out for the best plan for you! Good luck the better questions you ask the better advice you get good job.! |
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