 Mortgage advice needed please!? |
| Applied for a mortgage today and was told that i'd get a 100% mortgage for £54,000. I live in Edinburgh and that wouldn't buy anything here. Huge waiting list for a council house - i ... |
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 How much notice does your apartment complex require you to give? |
| i assumed it was 30 days like everywhere else. guess i should have read the fine print. i gave them 33 days and to my horror they tell me they require 60. anyone else have to deal with a 60 day ... |
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 Is it better to rent or buy? |
| I know that you are just kind of throwing money away when you rent but renting is so much cheaper then buying. And their are so much less responsibilites.... |
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 Is it better to get a fixed rate mortgage or adjustable rate? |
| I've heard you can get a low rate initially on an adjustable rate but then it jumps up. But I also heard there is a cap on how far it can go and it works out better. How do you choose?... |
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 How do I reduce the number of years on my mortgage? |
I owe $126,000 and am approximately five years into a 30-year fixed mortgage. My payment is $1150 a month (most of it interest of course).
I would like to reduce the number of years that I... |
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| My husband is trying to take the equity/refinance our house without me.? |
I am in the state of Florida
My husband is planning on leaving me, (other women) We got married in 2002. I had a property at that time in just my name. He went to jail, I sold my property ... |
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 What should my less then 30 day notice say? |
| I plan on moving into a house on the 1st of sept. I have less them 30 day to put it in writing, for my landlord. I'm not sure what should the letter say? and will I get my full deposit back?... |
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 If his name is just on the title, not the loan of the house, do I need his sig. to sell/rent the house? |
| The mortgage co. won't even discuss business with him unless I send permission. So what does his name REALLY mean on the title?... |
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 Can i charge my lanlord rent for a vehicle he has stored in my backyard? |
| my lanlord has an old truck sitting in my backyard. we're not able to use any part of that area. can i charge him rent or storage?... |
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 How do I get cash at closing? |
Additional Details
when purchasing a ... |
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 Why do mortgages or interest or whatever you call it go up overtime? |
| I ask my Mother why we have to leave our beautiful home, the home that I lived in for almost my entire life she said something about mortgages-- now why do they go up? and why is the bank like that! ... |
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 Do you automatically start making commission once you get a real estate license? |
Tomorrow I start a real estate class hoping to become a realtor part time until I am making enough money.
I have a friend who took this same class and automatically started getting ... |
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 How much noice do I need to give my landlord, if i decided to move out of a house i share with 2 other people |
| ive been living here a month on a six month contract but want to move in with a friend, it'l mean i lose my deposit, but i dont think she has any hold on me, even having a contract that i want ... |
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 Should I consider and interest only loan? |
I am first time home buyer.
I am interested in the interest only loan.
After the three years I can handle the increased payment.
Money is tight right now, though.
In the future ... |
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 Would it be smart to look into a house? |
| We are currently living about an hour outside of Cleveland Ohio. In 2003 we purchased our condo for $80,000 with a three year fixed and then it went to an adjustable rate. So, last year, we ... |
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 Why would a Savings Institution prefer to lend borrower at fixed-rate instead of adjustable-rate? |
Savings Institution bears less interest rate risk if they lend money at fixed-rate, but some institutions prefers adjustable-rate, why?
Additional Details
What if the market has upward-... |
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 My sister and her husband want to break their lease and move out of their apartment? |
| she asked me could they do that i told her its best to wait until your lease is up than to break it would they be libable to pay more money how does this work so i can explain this to her need some ... |
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 If I get evicted or break my lease in my state, ? |
Will it show up if i move to another state to rent?
Additional Details
It may not go on my credit report. I have an eviction on my record, but it only shows up through the city records. I... |
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ayoung21921 | Why haven't we received a closing date? |
We have turned in all of the papers the bank requested and and they have contacted our employers We's had and inspection and appraisal done. What is left to do until we close on the House? The man we are buying the house from jsut bought it 8 months ago and fixed it up and sold it so they shouldn't have to do a title shearch should they since it was not that long ago? |
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hunter2
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Your closing date would be writen in your contract.
yes, they will still perform a title search.
Generally most closings take 30-45 days from start to finish. You can do them in less with all cash.
Best of luck |
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togashiyokuni2001
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Your contract closing date is in the purchase agreement. That will not, 99 times out of 100, be the date you close. That's determined by the underwriters at the bank. They have to pore over all the information you give them. A title search is required in all real estate transactions, but that only takes a day. Make sure that when the bank asks for conditions, you get them taken care of right away. That holds up loans more than anything else, and usually the borrower blames the broker/bank when the only person they have to blame is themselves on that one. Once the underwriter signs off on everything, then you can schedule a close. |
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swimmyfishy
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YOUR CLOSING DATE SHOULD HAve already been written in your contract!!! |
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m2
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the closing date should be on the purchase contract
it is not an enforcable contract without a closing date.
if your bank is acting on the paperwork as you state there must be a date on the contract for closing...
get a lawyer..
you will need one anyhow...............
this contract is void without..a closing date........
you need a lawyer to enforce this contract..
the owner could be accepting other offers higher than yours...........
and your contract becomes void without it being properly filled out..
good luck |
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Jeremy
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You determine the closing date yourself when writing the offer. Call your realtor TODAY and get your date in court....errr....the bank managers office! |
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teran_realtor
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On any purchase where the buyer (you) gets a loan, there MUST be a title policy (the title company has to perform a title search before they can issue a policy).
Was the lender informed that this is a "flip"? Some won't do those at all. FHA has strict regulations on it (are you getting an FHA loan?) Many lenders will require a 12 month "chain of title" - that means they want to know who owned the house for the past 12 months - on the surface it may seem silly, but they do need to make sure that they're lending on something that you can have clear title to, and they can have the first lien position on.
Title search is MORE important since this is a "flip" - as the prior poster noted, you need to know if all the subcontractors got paid. You don't want to own a house and find out in 10 years when you go to sell that now YOU owe for the roof the investor had put on.
I do hope you had a Realtor draw up the contract for you. If not, then I would advise getting a real estate attorney to represent you, looking over everything BEFORE you go to closing. |
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Jed
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Oh, I'd bet you're going through Citizens' Bank.
They are the hardest ************ and I'd NEVER go through them again. |
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SGT. D
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It could be lots of things. Underwriting? Backed up closings? who knows? hang tight and it'll happen. |
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gbeavers2003
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Title searches have to be done on any loan everytime a loan is made regardless of time, etc. If your loan officer is being vague, time to consult his boss. If he too is playing games, it is not too late to find other financing. I am a Mortgage Broker of 8 years. I have gotten financingfor clients and closed them in two weeks. Don't be afraid to ask questions from your finance company. Demand answers. It's ultimately your money, your decision, your home. |
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chasin_jasen
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A tite search should always be done....this can protect you if an heir or relative of a previous owner comes and tries to claim ownership. also since it was just renovated, you really need this since you have no idea of the current owners finances, therefor no way of knowing how he financed the renovation. You really dont want to purchase a house only to find out there are leins against it. The title search may very well be the hold up on this closing. I would contact your realtor and the title company immediately, demand a explanation and closing date. If your finances are secure there is no reason not to have a tentaive closing date within days of the contract being signed, in fact nowadays most contracts have a closing date on the contract before it is signed. This is actually so common place that if closing is not complete within 7 days of that date (by fault of seller or buyer) the other party has the legal right to release themselves from the contract. I would see to this ASAP something sounds fishy. |
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