 What would be a fair price to allow a neighbor to gain access to my power pole, is there anything to beware of |
| my neighbor wants to get power to his property but doesnt have a pole on it yet so he has to tie into one of my poles on my property through an easement and he said to give him a price to gain access ... |
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 Can the Military buy our home? |
we will be relocating due to Military I heard that the housing on post can buy your home and rent it out for other military housing. Is that true?
Additional Details
any one with ... |
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 My tenents dont pay rent on time? |
| they seems to find me weak, every time i have to struggle to get my rent. he always tries his best not to pay or get some more time or excuses not to pay such as saying kitchen light is gone, heating ... |
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 What is better? My husband and I are looking at homes within the 150-160 thousand range.? |
| we were quoted online to afford a mortgage up to 250,000 so this is well below that. Well my question is--should we buy a cheaper home that is 80,000 in a town 20 minutes away from where we really ... |
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 I am purchaing a home through a remax agent. She has charged me $250 for compliance fees? What are these char? |
I am purchaing a home through a remax agent. She has charged me $250 for compliance fees? What are these charges? Is it costomary.
Any Advice will be very helpful
Thanks in A... |
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 What would be a good name for a new apartment complex? |
Serious answers only please. I'm purchasing a complex and need a good name for it. Best answer gets 10 points.
Additional Details
It is in Phoenix, Arizona.... |
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 Good Real Estate Deal or no deal? |
| I just bought a property for $15k. The Tax assessment for its current condition is $63k. Six months ago a house on the same street sold for $68k. It needs some interior paint, floors refinished, and ... |
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 Mortgage??? |
| we are looking to get a mortgage, my husband is self employed and on a good income which is provable, i work part time so don't get alot so i know my wages wont be included. where is the best ... |
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 Is it okay to use credit cards to buy real estate? |
| I currently have good credit I would love to learn how to make more money.I contacted the real estate instition abouty finding a mentor to show me how to make money the cost 4 the mentor is $3775. ... |
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 Landlord question? |
| Due to financial hardship, I am having to sell a rental property I have in CA. The tenants did sign a year lease agreement in May. I am trying to work with them in every way possible. They have been ... |
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 When you have a yearly lease is there a way out from under neath it,if you decide you want to leave? |
Additional Details
say your boyfriend left and your unable bec of income coming in,can you break ... |
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 I have mice getting into my refrigerater? |
| It is so disqusting we keep the spot clean we always take the trash out vacumm daily ,keep our food in large plastic tugs we live in the city in row homes and we cant keep them out we tried poison, ... |
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 Does a landlord have the right to walk into your home?..whether you are home or not.? |
| I was in my sons room and saw my landlord drive by. I then heard a knock on the door.( like 2 seconds later) I knew it was him but I couldn't get to the door in time. As I was (finally) walking ... |
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 Who is to blame for UK housing market decline? |
| I would say home owners being greedy, wanting unrealistically high and unsustainable prices, estate agents encouraging silly prices to get bigger commissions, banks being greedy knowingly lending ... |
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 How do I get a package if I live in an apartment? |
If I was to order something online to have sent here, would it just be left by the door if I live in an apartment complex? Ive never ordered anything while living in an apartment before.
-T... |
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 Can I buy a house? I am 24 creit score 700 and make 24k a year? |
But I am in school and have about 20,000 in student loans. I also owe 6000 for my car.
Can I buy a house?... |
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jalapino4 | What is the requirement for $400k home loan? |
What is the minimum requirement to get a loan for $400,000 or any loan. I want to make sure what exact criteria that need to qualify. How long you have to work in the same company or multiple company to combine a minimum requirement that they need? how much you have to earn in monthly gross if you do it yourself or a co-sign include? what do bank need in minimum % down payment and closing cost?. Sorry if i ask too much questions. I want to understand what i will get myself into. I know there might be more requirment that i didn't listed. But I just need this basic informations to see where i stand for a first time buyer with a credit score of 750. |
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IBD1
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Every lender has its own requirements. The three things that help determine your rate are income, credit history and cash on hand. Most lenders are no longer granting stated income loans w/ zero or small down payments. Most lenders are requiring 5-10% down (20-40 k on $400,000 loan, not including closing costs) with proof of income. Most lenders like to see a history of 2 years in the same job with reliable income. And of course a good credit history. You should have 3 active credit sources (ie. car loan, credit card, school loan) that are reporting to the credit bureaus. I hope this helps you. Most importantly: understand your loan. Read every line. Understand points, APR, fixed rate vs. variable rate, interest only, amortization, negative amortization, balloon payments, penalties, etc. If you don't understand some of these terms YOU WILL GET BURNED, guaranteed, |
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RickRN
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Sounds like your credit is good. You could probably get 100% financing. You total debt-to-income ratio should be less than 45%. As long as you have a two year work history, you don't have to be at the same place to use your base salary. If your debt is typical, you should qualify for a housing payment 30% of your salary. $400,000 should be;
$2,662 mortgage
$320 PMI
$500 Taxes
$75 Insurance
$3,557 Total
You should make $140,000 annual salary. |
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phirephoto
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Depends on the bank. Each bank is different. There really isn't a generic answer. |
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Mark M
 |
The first thing you need to do is sit down with a reputable Mortgage Consultant that will get all the information from you to see if you can qualify for the home without putting you in debt over your head. They need to run your credit, look at your finances and run the scenario through an underwriting system. Then you will know if you should purchase the home and exactly what you need to be able to get it done.
They should also see what type of first time home buyer programs you may fit into.
I wish people that don't know whats going on would stop answering questions and stick to their own expertise. Get information from a reliable source. It's the best way to go.
Mark Marchand
Your Mortgage Consultant For Life |
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ted f
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750 score will get you 100% financing
the requirement for job history is 2 years doing the same type of work if you have been at different jobs but same field no worries there
the national average of closing costs is 4.5% this is right off freddy macs site.
there are some great ways to cut down closing costs also have seller cover most of your closing
http://www.directlendingplanet.com/article6.html
also consider making sure you are getting the best deal
as far as your income it is best so not have more than 40% of your income that is monthly gross income including tax and ins i
your mortgage payment the payment 30 yr fixed at 6% is 2398.20
gross income is what you make less normal bills car payment credit cards etc. |
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bostonianinmo
|
Each lender has their own criteria and the criteria can vary from one type of loan to another, i.e. FHA, VA, conventional, jumbo, etc. You'll have to ask them what their criteria is.
Some VERY rough guidelines:
Mortgage payment no more than 28% of gross income.
Total debt including mortgage of no more than 35% of gross income.
Sufficient down payment for the loan program in question. That can vary from 0% to 20%
Sufficient funds for closing costs.
Sufficient funds after closing costs for the first 2 months worth of mortgage payments.
And ignore anyone who tells you to e-mail them in this forum! Most of them are scammers from Nigeria or Latvia who will rip you off blind! |
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Ronin
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Email Joseph W. Ignore the other clown-like moronic answers. |
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ROCKET
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First is an insatiable desire to be homebroke ( u wont find that in the dictionary by the way). Second you must want to sit around your marble top counter eating ramen noodles. Lastly, must believe in Santa cause thats how your kids will be getting gifts. |
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pinkyismygirlfriendniluvhur
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stupidity
you wil have to earn like 1.2 million to pay it
calculate how many hours that is
then buy a cheaper place to live, or move to where you can get a cheaper place
like in NH I saw a very nice house on 2 acres with a nice view for like $70K |
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