 Is £60 a month on house bills expensive? |
| My flat mate charges me £60 for bills which includes water gas and elctric and mayb internet. Am i being over charged or is this about right? its a small terrace ... |
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 Why do people like to live in $900,000 'condos?'? |
| I live in Atlanta, Georgia. I've grown up here all of my life, and I hope to move away into a nicer area further out in the country, at some point. I'm tired of the city...it's not ... |
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 Can I be sued for past rent and damages for a home that my mother was buying when she passed away? |
| My Mother was buying a mobile home from a private seller when she passed away in March. she is still legally married to my stepfather but he is incarcerated. My younger brother lived there for the ... |
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 Do I have to have pre-approval letter just to see the property? |
I'm planing to buy a property so I got a realtor who said that he has a few properties but would not show them to me unless I have a pre-approval letter. Is this normal? Is this a must?
<... |
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 I recently bought a house and was disappointed to find out I paid exactly the appraised value of the house.? |
| Is this unusual? I thought in this market I would be paying less but that was not the case. My coworker said I should have bought the house and already had equity in it. IS that true? Don't get ... |
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 Why is it that 96% all mortgages are still being paid on time? |
| Yet America hating liberals focus only on the 4% of scumbags that should have never qualified for a mortgage in the first place?!... |
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 My tenant wants to break the lease and move out immediately. as a land lord, what should i do? |
| she says that her mother has cancer and she has to move to Texas to take care of her. she says that she got fired from her job. there is no money to pay rent next month.... |
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 Apt rental agreement question with a faulty appliance? |
| I have just gotten a new 1-bedroom apt and it came with a refrigerator. most of the apts though in this bldg and managment company DO NOT come with a refrigerator and so i noticed there was one when ... |
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 How much am I entiled to? |
| My ex and I bought a house together a year ago. It is financed in her name alone, but both of us are listed on the deed. She broke up with my four months ago and we are in the process of sorting ... |
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 Father-in-law possibly buying house across the street? |
| my father-in-law and his girlfreind are looking into buying the house that's up for sale right across the street from my husband and I. My husband wants him to buy that house, however I'm ... |
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 Am muslim lady came to london from abroad for treatment looking for stadio flat to rent for 6weeks close to? |
| regent mosque, ready to pay 150 per week maxi, please may allah reward you can you help please reply yes or no. ... |
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 The house I'm buying isn't worth the price offered...? |
| the appraiser said it wasn't worth the price. it's about 50,000 less than what we offered. the sellers don't owe anything on it, but i'm worried they won't negotiate with ... |
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 Is this a good time to buy house / condo in Conneticut? |
| or are the prices expected to still come down? Do you think prices of Condos and townhouses will coem down, too?... |
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 Is It ok to Tag Along With a House Inspector While He/She Is Inspecting Your Future House? |
Buying a house and need an inspection. (Cincinnati, Ohio) A friend said that their house inspector did not want them to be there because he might get distracted.
Is that the norm.? Or ... |
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 A subprime borrower preparing for refinance? |
| When I bought my house a year ago I was a subprime borrower. I have a mortgage through Option One a known predatory lender. However I have made all my payments on time and havnt had one problem. In ... |
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My Little Girl Has Arrived :) | Will this be a good time to buy a house, since the economy is doing poorly? |
I'm looking to buy a house, I was wondering will this be a good time since the bank wants to get rid of them.I have no credit. What are the down payments I can expect if I was going to buy house in the next few months?
I live in New York. |
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doinou
 |
You will not be able to get a loan without excellent credit established.. |
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Madaine
 |
If you are financially stable and have an excellent credit rating... go for it. Given the current economic stituation, I would suggest a fixed rate mortgage as it will keep you from having fluxuations in your interest rate. It may be a little higher than an introduction rate in an adjustable rate mortgage... but it will be trustworthy over the long term. You can also refinance when the economy is on an upturn.
You certainly can take advantage of much lower housing prices. However, keep in mind that your house's value will likely go down before it ultimately goes back up. However, if you are looking to own this home for 10-15+ years... it is a fantastic time.
Make sure you have a decent down payment... to help you get an upper hand on home equity. Also, remember to keep putting added value in your home over the years. Not only can that give you a big boost in your sale price when the market turns around, it will also give you more leverage against your lender when you want to refinance or potentially run into unforseen financial hardships.
Good luck! |
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ghothem
|
Now is probably a good time to buy a house if you can afford to. Prices are extremely low and many sellers are desparate. You might be able to get non-financial concessions out of a seller (home warranty, appliances and other items left with the house, etc) in addition to a low price. If you purchase a new construction home, many builders are selling below replacement cost just to move their inventory. The downside is that mortgage lenders have become very strict. You will likely need at least 10% down payment unless you go with FHA financing which only requires 3% down. I would talk to a Realtor immediately to help you understand what you can afford. They can also hook you up with several mortgage companies who will help determine how much you can borrow. Read everything they give you so you understand what they are offering. Good luck! |
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private
|
When buying your first house. Base your payments,
on "one weeks take home pay" only. 30 year fixed.
You will need all the rest of your money, to pay for
everything else.
One other "very important" factor to remember.
The 20% that you put down for your "down payment."
All goes to pay off the "interest first." So, you do "not"
have any equity in your new house, to apply for a
"Home Equity Loan" to make any repairs on that new home.
The best thing you can do in life, is to learn from someone
elses "mistakes." So you don't do the same. <}:-}) |
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tamara d
|
Only get what you can afford, but YES...real estate is always a good idea, plus you will build equity.
some first time buyers qualify for no, or a minimal down payment. It will take time, but start looking around, or check the internet. Don't keep checking your credit, it throws up red flags that you are trying to pull a fast one...let the banker or mortgage company help, and get more than one opinion. |
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RM
 |
If you're looking to buy a house you only plan to live in for 2-3 years, don't bother. It won't be worth your time or money and there's a decent chance you will wind up losing money on the deal.
If you're looking for something that is a long-term investment (5 years or more), it is an excellent time to buy. Especially to someone who has a sizeable down payment saved up, good credit, and a steady income source. The deals can't be beat right now, and most of the time you can get the sellers to pay the closing costs of your loan. Rates are also extremely low at this time and you can easily get 6% with good credit (my parents purchased their home at a 14% interest rate in 1982, so 6% is a deal!).
If your credit is 740 and above, you only need between 5-10% down payment for a bank to easily approve you. If 680 and above I'd have at least 20%, and you need a BIG down payment if your credit is below 680.
I suggest you contact a lender and get pre-approved. The pre-approvals usually mean you can 'afford' this house but won't have money left for savings or retirement.... so never get a loan for the amount of pre-approval, always shoot for a loan 10-20% below that at least.
Good luck! |
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Hanz H
 |
Online if you have enough money to make the purchase. With the prices down, it should be easy for you to buy one. But if you don't and your income can't afford a new home, I suggest that you don't. Mainly because all the mess we're having right now is caused by people getting loans that they can't afford. And also, banks are not making new loans because of the financial crisis. |
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Like I Care
|
This is the perfect time |
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muneepenee
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yu dont hav kredit & no munee & yu wanna bi a hous? |
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