 My husband and I are divorcing. I moved out of the house into an apt. My husband let a friend of his move in |
| Who was going to pay $600 a month toward the mortgage. The friend hasn't paid anything yet and has been living in my house for 3 months. Do I have the right to ask him to leave? There is no ... |
|
 I have money for a down pymt on a home, but my credit is awful. Is there help for me? |
| I am in SC and need to purchase at least 3 acres and a home, but my credit is trashed. Are there people that will assist with getting approved for a home purchase?... |
|
 If you live in a townhome, can you hear your neighbors? |
Additional Details
how bad is it? Don't most townhomes have a 4-ft firewall that dampens most noises?... |
|
 How can I evict someone from my home who is threatening me? |
| So I live in Michigan and have owned my home for 11 years. Recently I rented out two rooms in my home to help with the bills. One of the roommates has only been here for a week and a half and ... |
|
 Effect on judgment lien on my house? |
| I was involved in a car accident and at fault. The plaintiff is suing me and her claims are far over my policy limit. Obviously i do not have enough cash to pay her. I pay mortgages to the house that ... |
|
 Can a landlord increase private sector rent by 75%? |
| Been living at same rented house for 13 years & have good relationship with landlord who has only increased rent twice over the years, by small amounts, now her money grabbing son has decided ... |
|
 The house i was buying needed to many repairs, and now the owner doesnt want to give my escrow back.Any ideas? |
| I was purchasing a home, We set up the escrow on a good faith judgement. Our home inspector told US, that the repairs where major. The clause "was anything over 1000 dollars " We could back ... |
|
 Renting out....please help? |
How do people make money when renting out a house, flat etc when they still have to pay the mortgage at the same time?
eg. Having to pay the mortgage company lets say £350 p/m plus ... |
|
 Should I be angry at my landlord for coming in and cleaning my apartment while I was out of town? |
| My landlord knew I was out of town for a week, and that my boyfriend was watching my cat. She called me and told me that she'd gone into the apartment to check the cat (I didn't ask her to) ... |
|
 So, in pounds and pence, what does this new Interest Rate increase mean to your mortgage? |
I was lucky enought not to have a mortgage, but was curious about those that do.
Makes me wonder if Gorden Brown's past preaching was right, when he was pushing the idea of fixed rate ... |
|
 What can we do to keep the prior owners of our house from coming around to reminisce? |
| We recently moved into our dream home in New Jersey and have been living here for about 7 months now. The home was sold to us by an elderly woman whos husband passed away the year before and who ... |
|
 I need advises from people with experience please ! first time home buyer? |
| i would like to know how the process goes ..i am very stressed right now because i have no money to put down , i was told that i can get a 100% loan that covers down payment and closing cost , but i ... |
|
 Can i ask the realtor to show me the house again? |
| My husband and I are under contract on a purchasing a house *(we have agreed on a price, we have had an inspection done), we are just waiting on a closing date which is set for November 14. However, ... |
|
 What do I do if the landlord intentionally isn't paying the mortgage? |
| I sent a letter to my landlord the other day asking for a copy of a mortgage statement. I live in Sacramento where there are a good amount of foreclosures. We know someone who was renting and ... |
|
 Are landlords responsible for an evicted renter's delinquent nipsco(light and gas) bill? |
| My husband and I are trying to rent out our property in Gary, Indiana after evicting the renter for non-payment of rent. When we went to the electric company to get the lights and gas turned on, we ... |
|
 When's a better time to buy a house - winter or summer? |
| I heard that there are better bargains during winter and summer in terms of buying a house, but between winter and summer, which is better?... |
|
 Is a 6.3% interest rate on a home a good deal? |
| I was just approved for a loan of 6.3% 30 year fix loan. Is this good or should I wait until I can get a lower ... |
|
|  |
someone | Would I qualify for a loan on a $525000 house.? |
The Home appraised for $560000 and I realy want to buy it. My base salery is $60,000 and I will have roomates cover all but 1000 a month(based on a $3200 a month pmt). and i think my FICO score is around 680 and i am a first time home owner(hopefully).
The second part of the question Is there any loan out there that would lower the payment of this house to $2000 Dollars a month. and not go up very much EVER. and if you write these loans let me know your email adress and what you could do. Thank You |
 |
 
Gregorio
|
No you won't qualify even if your roommates pay part of it unless they are on the note.
How much down payment are you going to have? You will need some.
As for a lower payment loan you probably will not qualify for a 1% start rate option ARM and why would you want to anyway. It sounds like you can't afford a home and are looking for ways to force yourself into one. That's the problem now with all the foreclosures. Everyone is blaming the brokers and loan officers but it's consumers like you that want everything and can't truly afford it. Sorry of it sounds mean but it is true.
How do you figure $2000/mo on a $525000 house? (that won't go up much EVER) You live in a fantasy world! If you buy a house I suggest you don't bother moving furniture in, you won't have it long. Any loan officer that would even think of trying to work this loan is a fool!
Just my 2 cents |
|
Rick B
|
On 60K you are getting WAY in over your head. What happens if you lose a roomate one month?
You should be looking ain the $80 to $150K range on your salary. |
|
mia
|
I think you'll be fine if you have a $400,000 down payment. |
|
magic7
|
I've been a loan officer for 5 years now.
Think about this. At 60k a year it looks like you make about 4k to 5k a month, if you want a monthly payment like the one you're requesting, it sounds you have a lot of debt. You should try getting rid of all your debt so you can have more spare money. Because realistically your monthly payment would be about $3,600.00 and if you add taxes and insurance the payment would be about $4,242.
Just look at those people who bought their homes 5 to 10 years ago. Their payment was high on the beginning, but right now their payment is low. Lets say they bought their home for $250k which the payment for that is about $1,700.00 a month. In all this time they have built equity. Their property probably is appraised for $550k. right now. Think about the future. Get rid of your debts, also by lowering debt balances your FICO score would be above 700s. |
|
FeatherHead
|
Do you want one of us to finance your loan?? Not a good idea! Visit your local bank and get some advice... |
|
yourmtgbanker
|
On a base salary of 60,000 assuming you do not have any other debt you need to be looking in the 200,000 range. You can not depend on roomates as a stable source of income. They can move out and they are not liable on the loan. As far as the second part of your question, 2,000 will not even cover the interest on the loan. |
|
Namom
|
not gonna happen- you shouldn't even look at homes over 200K |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
9 | 34 minutes(s) ago
| | | |
9 | 48 minutes(s) ago
| | | |
9 | 1 hour(s) ago
| | | |
9 | 3 hour(s) ago
| | | |
9 | 5 hour(s) ago
| | | |
9 | 7 hour(s) ago
| | | |
9 | 9 hour(s) ago
| | | |
9 | 2 day(s) ago
| | | |
9 | 6 day(s) ago
| | | |
9 | 2 week(s) ago
| |
|
Homepage 
Financial
Forum 
Renting & Real Estate 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
