 How to start the home loan process? |
| My husband and I are just starting to think about purchasing a home. However, I don't know how to get started. Should we go find a house we like first? Should we call a realtor? We probably won&#... |
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 Need advice in wether or not to proceed with purchase of brand new home.? |
| I'll try to keep it short and to the point. My husband and I are very interested in purchasing a home (to be built) but must sell our current home and use the profit to be able to afford the new ... |
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 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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Stan | With all these repossessions who are the banks going to sell these homes to? |
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Landlord
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Me. They can sell them to me. |
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cuddles_gb
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People who don't need mortgages. |
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loddi
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Landlords. |
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Hermia
 |
A friend of mine bought his house in the last recession. It was a repossed one and the building society just wanted to get rid of it. He got a nice semi-detached house in greater London for £45,000. He had some money for the deposit and managed to get a mortgage for the rest. |
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Eddy T
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To house buyers who can afford to pay a deposit in order to get a mortgage loan from them. |
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Mikey B
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They'll all end up at the local auctions, and private investor landlords will snap them up when they're at their lowest values.
Then we'll spruce up what needs to be done and stick them on the rental market.
Of course there is a lot up for rent so it does mean that rentals will get more competitive!!
In the long run, this is going to mean that there are less properties available for first time buyers, and it will probably all happen again in another 10 years.
The banks will have to offer 100% mortagages, then prices will drop, negative equity sets in and away we go again!!
On the upside, if you've got good credit and a full time job, you'll be able to rent a top notch place, for esonable rates!! |
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southy
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they wii put them to auction and sell them to reclaim some money back.
any money outstanding after selling will have to be repaid by the original owners |
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Scott H
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The one that still have money, the very one OBAMA wants to take it away from,They will now buy your home at greatly reduced rates and rent them to someone that still has a job |
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marina_rat
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That should be obvious.. they are selling them to people who HAVE THE MONEY TO BUY THEM because there ARE NO HOME LOANS AVAILABLE NOW. |
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Boudicca
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Previous posters are correct, but something has to be done about the 100% mortgage, There are a lot of first time buyers out there who want to move out of the rented trap but are unable to save for the 10%deposit because of the exorbitant rent they are paying to landlords.I know of one person who is paying only£100 less in rent then what the mortgage would be on a house that he has fallen in love with. |
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