 What does " buy to let" mean? |
I need you clever people out there to answer
my question .
what does " property to let" mean?
Does it mean " for sale" or " for rent"
Can you ... |
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 Do you have credit checks when renting a house? |
| im renting with my boyfriend (he will be responsible for paying rent) i have a bad credit rating and worried it will affect us being aable to rent this house! Would it be ok if I had a guarantor with ... |
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 Do you think this offer for a home is to low or insulting? |
| Finally want to make an offer on a unit in a new loft condo. The unit is now at the asking price of 209k , it has been on the market for about 300 days now, yes just a few more months and it will be ... |
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 What can young couples do about soaring houseprices? |
Me and my boyfriend really want to move out of our parents houses and get a place of our own.
House prices are massive and we simply cannot afford to get on the property ladder. I've been ... |
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 When apartment complexs get complaints what is the most common action taken? |
| I want to speak to the manager of my apartments to complain about noise and guests loud late at night. I just moved in november 1st. The apartments I live at have rules that no loud noises can be ... |
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 We're buying a house and need to move very soon, could we rent the new place from the owner before we buy it? |
| I'm having a baby due September 1st, and we're moving to a new town and I want my daughter to be at school for the start of the new school term too... Although we've had an offer ... |
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 Advice on mortgage? |
| My partner and i are looking into buying a house next year but the problem is we have alot of debt, ÂŁ13,000 altogether. Does anyone know if we would be allowed to get extra on a mortgage to pay ... |
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 Are there any houses? |
Hey all,
I was wondering are there any period houses that are in need of restoration that I can get cheap[ish]. They need to be of decent size at least 7 bedrooms. Is this possible or am I ... |
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 I have the opportunity to move into a friend's house for 1 1/2 years while he is on deployment. My rent will |
| be less than it is for rent at my apartment. But, with living in a bigger house the electric bill will be a little bit more. Is the space going to be worth it? Do you think I should go for it?... |
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 I am a first time home buyer i never purchased a home it will be my first loan...? |
| WHEN YOU GO THROUGH THE FIRST TIME HOME MORTAGE, HOW DO THEY GIVE YOU THE LOAN? FOR EXAMPLE I AM APPROVED FOR A FIRST TIME HOME BUYER LOAN, I TELL THEM WHAT I WANT MY LOAN AMOUNT TO BE, FOR EXAMPLE I ... |
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 What do i need im moving out on my own? |
| im moving into my first apartment and i was just wondering what i need and if anybody had any tips that whould be ... |
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 One of my properties is going under foreclosure because of nonpayment. What can I do? |
| i am six months behind. The lenders already told me it is under foreclosure. is there anything i can do to avoid this.? please ... |
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 Can i raising the selling price of home to cover closing cost before accepting buyer offer.? |
| we are selling our home privately and came to a verbal agreement with a neighbor of a price of $350,000 and buyer pays all closing cost. when the buyer submitted a written offer they offered $350,000... |
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 I broke my lease at my rental property and the following are the charges that I am on the line for: fair? |
Lease broken Aug 20
$1000 lease break fee--OK fair enough
$895 - rent for the month of Sept. If I am being charges for this, should I not still have access the the apartment ... |
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 My landlord has moved new renters in while I still have term left on my lease? |
| We bought a new house mid-August and promptly moved in. The house I was renting before, the lease terminates on September 30, 2008. I met with the landlord who said he would not give me my last ... |
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Christy | What is your opinion? |
I live an hour and a half away from work and have to commute every day (Monday - Friday). It puts a lot of miles and wear and tear on my car, not to mention costs a lot, and takes a lot of time and energy. I found a house twice as close to work that I am interested in purchasing.
I live with my boyfriend. I am 19 years old and he is 20 years old. I have a bit of credit established and he does not at all. If we are going to purchase this house any time soon (our lease goes up October 1st) it will have to be in my name since I have credit and he does not.
My idea is (if I can get pre-approved) that we should go ahead and get the house in my name and put the utilities in his name while he builds credit. Once he has credit built up and/or we are married, we will refinance to put the house in both of our names.
His idea is to wait to buy a house until he has established credit. But in the meantime, it costs me a lot of time, money, and energy to work so far away.
Suggestions?
Additional Details
Our location will not effect him and he loves the house we want to purchase.
What should we do in this situation? |
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Stephen Newman
 |
I will preface my answer by stating that I am a licensed Realtor® in the state of Arizona.
It sounds to me like you have your act together even for a person of your age. I commend you for your way of thinking.
Personally if it was I and I could make the financing and the payments work I would buy now and start building some equity. Between the amount you will pay down on the principal on your loan (it won’t be much at first) and the appreciation of the value of your property, you will be able to move into something higher in value in the future.
I don’t like to get into financing so much as I don’t have the training for it, if you find yourself a good Realtor® and/or lender. They will be able to guide you through the process of getting financing as well as finding the right home for you.
Good luck in your search for your home
P.S.: If your lease is up in October, you will need to get going on the process now, as it usually takes about a month to go through all of the inspections and closing. |
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purple rain
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Can you find somewhere to rent that is closer to work?? house or apartment?? Meanwhile he can be trying to build his credit.... |
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mamababysingle
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It akes a little time to build up credit, so your idea is probably your best bet |
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Kjo
 |
i think you should go with your plan, it sounds way better than his plan, and his sounds kinda lazy |
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Funding Dreams
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You are so young, and yet if I could have bought a house at your age I would have. They are such a huge tool for your future. These days so many things can be done. Give me a call. I would love to talk to you about an idea I have. No strings attached. Just listen and if it is not for you then Hang up.
(360) 635-8898
Felicia |
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boo
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his name can go on the house along with yours. |
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rodrigues7527
 |
damn your situation sounds just like mine just not the hour and a half job. I dont even have a car. But anyways if it were me, (I am the decision maker in my relationship) I would go live in that house if I was able to get financed for it. I don't even understand why your man wants to live in an apartment. Houses are so much better. Plus, if he waits to gain credit then could take at least a year (that was what I was told when I got a credit card). Maybe there's some other reason that he doesn't want to move b/c to me that just doesn't sound right since he can get credit if he puts the utilities in his name. If ya'll cannot reach an agreement and the relathioship is worth the stay then I would suggest you find a closer job. |
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csucdartgirl
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Buy the house yourself and charge him rent to live there. You'll have your investment and he can live with you if he wants.
Or, get a shared equity agreement and both of you get a % of the house and are jointly liable for it. |
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(:♥TayLee♥:)
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I agree with him,wait |
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Ya-sai
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Doesn't sound like you are both ready to buy. Your idea sounds alright written down, but in reality I think you will come across a lot of problems. Rent for one more year and see how things work out. |
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satarnag
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What you state is fine. However, once married, you do not need to refinance to put him on title. On a personal note, 80% of all divorces fail with people in your age group, make sure the person who puts the majority of the money in the house makes the other sign a prenup or find another way to protect yourself.
Also, as super mom pointed out, Fannie Mae has great loan programs that most brokers haven't heard of. Check out their website, choose a loan that meets your needs and then locate a lender that is qualified to provide that loan to you.
Regards |
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supermom
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Not sure if this is in your area but a close friend of mine was in this same situation and spoke with the reps at the fannie mae foundation. Buying a house is a big move for anyone. Lending Tree is a great way to get the lowest interest rate too! My husband and I bought our house 2 years ago and got a 5.75 interest rate. We get all kinds of calls about refinancing and no one can beat that. Goodluck with your search! If you don't have access to the fannie mae foundation look for first time buyer assistance. |
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sinnamin2005
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Whats the difference? I would go ahead and buy it now. If the two of you are secure it shouldn't matter whose name its in |
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