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 Can a landlord evict you in 15 days?
my landlord came to me with a written piece of paper she wrote herself saying i had 15 days to pay up the arrears or have to vacate after the 15 days.I live in Ontario Canada.Should i sign it or what ...


 First time buyer In process of buying a house and having second thoughts, worried about negative equity?
My boyfriend and I are currently in the process of purchasing a house, we've paid a lot of money for a 2-bed house as it's in top condition and location. Legal fees have already been paid, ...


 I am a new loan officer and Its really becoming hard to produce my first loan. How can I get them?
...


 My brother wants to put real estate in my name so CHILD SUPPORT doesnt take $$ From him, Advice Please?
I am 25, my brother is 26. I have no children. He has 3 by different mothers. He loves his kids, but unfortunately has not been man enough to pay child support for the past few years, which is ...


 If a house is haunted & you are selling it....?
does it have to be disclosed to the potential buyer by law?
Additional Details
Should it be legal everywhere to disclose this information?...


 What to do if a co-signer refuses to get out of the loan?
My dad bought a house about 2 years ago, I have 2 little brothers, and the co-signer is single.. he now hates my dad and refuses to get out of the loan he said he wants to see us in the street! he ...


 Selling a house?
Say that you have your house on the market at 50,000. Then someone is really interested, they have the money, and everything is in the works. The lending institution orders an appraisal and the ...


 What is the legal amount can a landlord increase ones rent?
lived in a three bedroom apartment for six years now. have had my rent increased $50.00 a year. going on to my sixth year and my landlord is now wanting to increase my rent now $150.00 more. is their ...


 Can a Land lord make these demands?
Demand to meet you at the bank that he has set up an appointment with, to review the tenants finances and proof that his rent is being paid in every month. I am forced to show him my financial ...


 How can I stop my ex-landlord from ruining my credit?
I had been renting for a while when I decided that I was throwing my money away by renting. So I ended up looking to buy my own house. I initially tried to time it so I could close on something at ...


 What can I do when my house is not selling?
I got a job in a different city than my house is located. What can I do? Renting is not an option....


 Why are some landlords so funny about DSS and Animals?
Before the more biggotted among you start, I'm thinking about those on DSS because they are working and getting a low wage or are not in a position to work - ie, carers, retired, disabled not ...


 If a house is for sale for $119,900, would it be insulting to make an offer of $105,000?
...


 Should my brother need a cosigner for an apartment just because his fiance's parents say he should?
I received a call from my younger brother asking if I could co-sign for an apartment for him?

Here is the situation:

He is 26 years old. He just came out of the marines last ...


 Ok i'm tryin to get on the property ladder. who is makin up these house prices cause they r too expensive.
i have a good career, i earn a fair bit, just not enough to buy a house in essex. why r they so expensive....


 Should I rent to this woman?
I finally found a renter. However, the woman barely makes enough to cover the rent. She would only have $500 dollars left over a month after paying the rent. But she also gets 30k in child support....


 To buy or not to buy real estate?
I have the opportunity to buy a 4 year old condo worth just shy of 100K for 75K plus closing costs essentially paid. It is in a relatively stable market with no sharp spikes up or down (during the ...


 My rent is £65 weekly if i was to buy the mortgage would be £430 including insurance .?
if i was to buy my house the mortgage is £430 monthly whereas i only pay £65weekly for rent would you buy it and hope you can find the money every month. I only have a part time job which pays £125...


 Arent you pissed off about the Bailout?????
All that 700 billion dollars is out there with CEO's and Brokers. All crooks!! WAMU CEO made 18 mill in 3 weeks! wtf is that about??? The FBI needs to crack down and take away all that money ...


 Who gets the tax benefits to owning a home?
If there is a borrower and co-borrower on a mortgage...which person benefits from "home ownership" when doing taxes?...



kylesac1
What is the standard $ amount to put down as down payment for a $400,000 home purchase?
                     
 




melissaw77
Rating
80,000. usually the standard is 20%
You can apply for different types of loans that do not require as much down, but you usually will pay a much higher interest rate.


zzzzzsssseee443
standard = 20% so $80,000
reduced = 10% so $40,000


Andrew
Rating
anywhere from 3-20% depending on how the mortgage is to be financed. If you can put down 20% or more you can avoid having to pay PMI insurance.


vinster82
Rating
There is no standard amount any more. You put down as much as you like depending on what type of loan you qualify for. Go get a lender.


godged
Rating
If you can put 20% down, you don't have to pay PMI.


Cumjunkie Doner
The "standard" amount of a downpayment on a $400,000.00 house is 20% which is $80,000.00.

Very few people put down 20% anymore due to the higher prices of housing stock these days.

As a guideline - you should put down enough so you can afford the monthly mortgage payment of principal, interest, taxes, and insurance.

Also - houses have a lot of surprising expenses related to upkeep and maintenance.

1.) Painting the house
2.) fixing things that break
3.) buying equipment like lawnmowers, snowblowers, rakes, wheelbarrows, etc etc etc.

So make sure you can really afford the house - no matter how much you out down.


Deme21
Rating
You can put down no money or 5, 10, 15, 20%.....

It really depends on what you can afford? Paying full principle & interest with property taxes and homeowners insurance.

Do you want 30 year, 40 year, 50 year mortgage.... you have a wealth of options.

Contact and industry professional to assist you with making that decision (and to make sure you qualify!)


Amos S
answers are all over the spectrum.best to contact your bank or mortgage company.


TH
Rating
With good credit, the standard (common) is 0% down
You can get the best interest rates with a 20% down and avoid paying mortgage insurance
It is a complicated equation with major factors such as income, credit history, debt to income ratio, and many more factors


jvazjr07
Rating
Agree, more important question...can you afford a 400,000 dollar home? And I am talking a loan with sensible terms: 15 or 30 year fixed. Not no toxic 1 year interest only option ARM. Too many people making 40k buying 400k houses in the last 5 years resulted in tons of foreclosure happening now in California. To avoid PMI you need to put down the 20%.


veesmom
I think it's 10% which would make it $40,000


sugarbdp1
Rating
Not sure but on Our Home $108,000.00 we had to put down $6000.00 Good Luck


chris f
i believe it's usually 1%


Ken
Rating
5% is usually a good minimum...so $20,000


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