ok. So im interested in purchasing this house for a very small amount of money and in exchange pay off the owners back taxes on the property and about 8 grand worth of liens from the city. (for not ...
Imagine this. You drive a friend home twice a week from school or work. You only drive them home, but don't take them in the morning. The school parking fee is about $90, so will you ask your ...
My cousin and I got in an argument 6 months ago and haven't talked since. Just recently he started e-mailing me saying he is sorry. Well today I get this phone call from him saying he is ...
I have a tenant who has been recieving housing benefits and JSA totalling £900+ per month but hasnt been giving me my rent money regularly. the rent is £715 whilst her housing benfits is £710. I ...
Our corporate office has assigned 3 units to be our specials for the week and if you sign a one year lease on the day of your move in you will recieve a free Iphone but the problem is that not ...
Can a prospective landlord keep a deposit ($500) used to secure an apartment, if the prospective tenant changes his mind about wanting to rent the apartment (in Ohio)? No lease was signed, only an ...
number 1- is a big white farm house in the country new roof 1010 sq feet good circuit breaker with new gas stove in kitchen and nice carpet just needs some cleaning
with an upstairs. new garage ...
Is there any way around bad credit to finance a house? We are now a family of four with only 2 bedrooms and my kids are boy/girl so they don't need to share a room forever. We are talking about ...
my partner and i split ,4 months ago .I have paid the mortgage
alone since then .i am living in the house ,she moved out .I cannot buy my partner out until next year ,due to a heavy penalty with ...
I went through a divorce and my financial status is getting back on track, yet I just can't seem to get caught up on the mortgage. I can't take any other type of loan, unless the payment ...
I want to pay the home with the Business Loan. I also want to take some of the business loan to use toward purchasing another property to reside in and run an in home day care OR should I sell my ...
save at least 10 % for down payment and start putting that morage payment into a saving account and do not touch it for at least a year before you buy any house.. and if you can do that then you can afford to buy a house. that's what the loan officer told me...
steve s
The first thing you want to do is get your financial house in order. Get together the 2 months of the most recent bank statements, 1 month of paystubs, the last 2 years of W-2's. After you get those all together then go see a mortgage broker. They will be able to pre-approve you for a mortgage and give you a letter that states how much they qualified you for. The mortgage broker should also be able to discuss all your options as far as loan programs for your situation. The one thing is you don't really want to shop around to various banks and brokers. What you want to do is find one that you are extremely comfortable with and just deal with that one. If you pick a mortgage broker that takes his time and tells you straight without all the bs behind it then you know you have chosen someone who isn't going to blind side you with hidden costs like some banks do.
gracita s
home loan.congratulation
greenhorizon1213
If this is your first home you can ask the goverment to give you a loan with a very low apr.
debraalbagli
Start by asking at your bank.Then shop it around with different banks.It is best to be pre qualified before you shop.Ask them what price range you should be looking in and remember ,look a bit higher because you are going to make a offer lower than asking.
K_Alexandra
Talk to a lender before you go looking for houses - you want to make sure you can qualify for a home loan, and that you don't waste your time looking at houses you can't afford.
A prequalification offer from a lender will make your offers more attractive to home sellers.
Congratulations on deciding to take the jump to home ownership!
Joe Cool
If you have a realtor - and you can interview them till you find one you like - ask them for a recommendation for a lender. Being attached to a realtor can help lenders work wonders in getting you pre-qualified for your maximum amount. They will tell you how much you qualify for. The realtor can work with them if you find a house that is a little more and requires "creative" lending.
Godsend
Besides some of the other good advice here, instead of settling for a 1 bedroom home/condo (which is a typical choice for first time home buyers in metro areas), consider at least a 2 bedroom home or condo that you can afford for three reasons: 1) you can take in a renter if you want to offset your mortgage payments 2) two bedroom homes are more marketable than one bedroom homes and tend to appreciate better 3) out of town guests will have a place to stay.
robert w
Amass Money lots of it . Learn from more than three sources what you need to know causes banks always win. Pay down as many bills as you can. Never get a variable rate only goes up - banks win you lose.
Never buy a house for emotion or ego. Get educated.
Read how not to loss the house. Expect every thing to costs more. Amass Money. visit DaveRamsey.com to learn what the banks don't want you to know.
Never believe what the bankers say you qualify for.
Mortgage (principle Interest Escrow) should Equal what you take home per Week only. Else Mr Murphy will live with you. School of Hard Knocks is harsh.
Ellan M
Talk to a property agent first. The agent may be able to guide you.
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