 Do you always have to put a 10% down payment on a house? |
| My fiance and i would rather buy then rent....we are just worried about the large downpayment. Is this always necessary?... |
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 I want to save for a down payment on a house, but I pay $1300 for rent. Any suggestions on how I can save $? |
| I want to save up to $20,000 in the next two years and it would be possible if I didn't have to rent. My credit is getting repaired, its not bad, but its not great. I bring home just about $2500... |
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 Help with my landlord and what my rights as a tenant is? |
| i lived in this house for 1 year now, and am moving out this month, this landlord is horrible, he doesn't fix anything, he won't listen to my complaints, there is mold in the basement and ... |
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 Does anyone know if there is a way out of a 5 year fixed mortgage without having to pay the penalty? |
| I got a fixed 5 year fixed mortgage with northern rock, due to unforeseen circumstances i now have to put the house on the market, im only 5 months into the mortgage term which means a hefty penalty, ... |
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 If I use a realtor to see my house, can I be there when they are showing the house? |
| Then I could point out additional good things about the house or neighborhood. Or is this something I forfeit by hiring a realtor?... |
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 What are the disadvantages of not having a lease when renting to someone? |
| I need to get a court order to evict a tenant thats not paying rent. He won't leave on his own and owes us 2 months of rent. Is it going to be difficult if we just had a verbal agreement and ... |
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| Can a landlord charge an insufficient (30 day) notice fee, when landlord rents apt immediately and is out $0.? |
| It is my understanding that a landlord can only charge for damages and lost rent as a result of breaking a lease. I paid for April rent (april 1-30), got new job in new city and had to break lease. ... |
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 Realtor Fees? |
| We are thinking of buying our first home in the next year, and I am curious what the average cost of realtor fees are for the buyer in the Midwest US? Thanks!... |
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EARTH
The fifth-largest planet of the solar system and the third in order of position from the sun. It is an oblate spheroid, being slightly flattened at the poles. Satellite observations ... |
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 Anyone have any advice on selling our house FSBO? |
| I know that is not the ideal way to sell - we've always used a realtor in the past, but if we do this time we'd lose money which we can't afford. Selling so I can stay home with baby ... |
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 Repost: About how much would it cost me to have someone build this house? |
I asked this question last night but didn't get any responses. Perhaps you Real Estate section folks are morning people? ;) I've also added a couple of questions to the end.
S... |
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 My Granddad is a pensioner who is looking for a house to rent. Is he part of dss? |
| My Granddad is a pensioner who is looking for a house to rent. The government would pay him the amount needed directly to his bank account. i want to know whether he is Dss or not. Because someone ... |
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 What Can be Done if Many Townhome Owners Refuse to Pay Maintenance? |
| My neighborhood of 78 townhouses has about 32 people that haven't been paying maintenance for over 2 years. They pay the bank for the home but they don't pay for the maintenance costs so ... |
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 Really outdated bathroom in the apartment I rent? |
I live in freaking NYC - I don't like it. Rent is 1,250 for a two bedroom one bathroom.
The bathroom is stuck in the 70's and is gross. The floors are tiny white tiles and the wall ... |
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 Can I legally hand over an apartment to the landlord through the mail? |
| I moved out of the apartment a couple days ago. I finished cleaning the apartment and taking the last of my belongings. I've tried handing over the keys and the apartment in person several ... |
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 Is it possible to be both a Travel and Real Estate Agent? PLEASE ANSWER (10 points for most thorough answer)? |
| I want to be a Realtor bad! But the pay isn't so good necessarily. I want to be a Travel Agent on the side until I can "make a name"for myself in the Real Estate business. I would ... |
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 Can my landlord charge security deposits exceeding 150% of the rent amount? |
| I'm moving to Arizona and the lease indicates that before I move in I have to give them certified funds that cover Security Cleaning Pro-rated June July rent and last months rent. On the ... |
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qwerty | Would I qualify for a 300,000 mortgage loan ? |
This is my situation my husband and I have two small children for which for the past two years I made very little; and my husband is self-employed. We made a combined 39,000 2006 and 36,000 2007. We have the 20% down for the above loan and excellent scores well above 700. Thank you
Additional Details
Forgot to add that we own a house out right with no mortgage worth $150,000; and this year we would make 42,000. We can afford the payment for one we will rent our house and for two I can finally go back to work as my children are a little older. I can easily make 60,000 year but that doesn't make a difference as what i made in the past and will make doesn't count. |
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Landlord
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No, you qualify for closer to 90-100k.
There is no possible way for you to make payments on a 300k house. |
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Rick B
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You make less than $40K and you want a house worth over a quarter of a million dollars? REALLY?!?!?
No, you would not come close to qualifying for that much. You need to find a nice house in the LOW $100s. |
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Just say no!
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Has your income increased DRASTICALLY? If not I would say no. |
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xtraheavy01
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I would say no.
on a 240K loan your monthly payment would be 1775/month
That would mean 60% of your monthly goes to pay the mortgage
You still have to cover :
Insurance $600
Taxes $4000
Add another $350-$400 monthly. that would be tight. |
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☼AstrologerJuliAnne☼
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You make less than 40k a year. You would be lucky to qualify for a house that is nearing the 200k mark! Now, back in 2004 they would have loaned you the money no problem!!! These days, they are going to check every which way but Sunday your finances. And, being self employed is even tougher, because, on your taxes you do all you can to show deductions...well that hurts you when you go for a mortgage! LOL
I would say wait til you have a huge increase in your income before biting off 300k. (Well, the bank wouldn't allow it anyways these days, but, I would say, no, you won't qualify for that)
There are a ton of online mortgage calculators that will figure out roughly how much house you can afford. Try one of those. |
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RedPersianKitty
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Sell the home you are in now and then buy the one for $300K. That is the only way you are going to be approved. If you have 20% down now then add that to the money you get from your home when you sell it and you won't be financing that much on the new home. |
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Margo A
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Can you afford $3000 a month for a house payment? |
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Mst A
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If you have excellent scores than you can obviously get the loan or qulify for mortgage loan. But i think you have to research more about mortgage loan there are many online resources which provides mortgage loans........you can search it in online search engine like google or yahoo where you can get the best resources for mortgage loan |
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ann
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before you go any further get on susie ormans site she will give you straight scoop. don't forget about economy that is not getting any better at present, and your lender may get you variable rate which will do you in. |
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