Buying a home question...? related questions

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Home buying question?1SWETA2012-09-19 00:46:05
So my husband and I are in a house that is 3 bedrooms , 2.5 baths , beautiful house, with a cottage / apartment in the back we could rent my best friend and her boyfriend . My brother and his wife - used to rent the house , so I know how it looks inside and such, but not available to rent as landlords over foreclosed on it . It is in the market for 129K 92K marked down . Using a mortgage calculator I found online with a 30 year mortgage , an interest rate of 6.5 % , and $ 0 down payment we could do . The problem I foresee is that getting a loan which I am working , so I'm in, but I have a credit score of 0. I've never had a credit card or take out a loan or anything . I have no credit at all . My husband has a good credit score , but not income . This could be a problem ? Or if both our names are on the mortgage , you have to be right? Actually I have no idea, but I have a general idea before going to the bank for a loan deal . Not to sound a complete idiot .
Buying a home question...?0Alvi2012-09-20 16:16:03
Student loans . ----- 100k will be discharged from military disability service connection , unempolyability . MedlinePlus VA / SSD 4600.00 monthly income guaranteed forever .... MedlinePlus FICO score - 722 MedlinePlus CC -0 MedlinePlus Car payment -6700 left ... month 300. MedlinePlus 4 MedlinePlus Family I pre -qualify for 180- 200k MedlinePlus Put on offer in a home filled MedlinePlus - 2k asking price was 177K below asking closing costs . Selling agent says that so far everything looks good , it's been two weeks , bank marketers are asking about our MedlinePlus side . Is it a sign SELLER GOOD APPROVING BANK ?
The ULTIMATE home buying question....?4Tityana2012-09-06 10:15:04
I'm about to graduate from college , and I have about 15,000 saved. I am thinking of buying a condo of about 85,000. I have two choices when it comes to mortgage .... 100% of the loan, the payment of 6.75 % to about 550 a month (not required PMI ) 95% of the loan , payments of 6.375% over 540 per month ( including PMI) (4,250 cash down payment ) My qestion is this .... ? Does it make any sense to make a down payment when only lower the payments for about $ 10 a month? I wish I had equity in the property , but could use the money to pay off my car completely , which would free up $ 115 a month. Market is Tulsa , OK ..... appreciation rate of around 3-5% a year, really is not affected by the market, so there is never any downturrns really important. I'm looking to be home for about 5 years.
Home buying question...please help? FHA loan?3Wood2012-08-16 22:24:31
Ok ... so I have my pre -approved FHA loan . We found a home at last . But the bank that owns the property that is the entire country is with me all confused. We put in an offer with our agent. She calls me to tell me that the bank wants prior approval through them . ( I say in case I fall through the funding , and have a backup so the bank is not wasting time ) Obviouslly So we are getting a better price through the FHA loan with a lower PAYMENTS . So NOT going to use the loan Counrty wide . I'm waiting for the entire country to get back to me in the state of our loan application . Is this normal for a bank that you have 2 pre-approval before you sell a home or across the country is trying to pull a fast one and say you have to finance them. My agent said it's just for backup to make the bank happy that we have a backup option if necessary. And I can go with the loan that is giving us the best rate . Anyone ever experience this? ?
First time home buying question?3Remi2012-10-20 23:49:02
I am a first time home buyer and have been launched prequalification and pre-approval for a mortgage loan Wellsfargo so now I'm starting to look at houses online and such so my question is .. if I make an offer on a house there a period of time when I have to move in by ? My contract expires in three months and I have informed them ( I can go month to month if I have not found anything by then ) so I'm thinking if I can make offers of housing but now it will not happen to them for 2 months? or whatever it is unusual to have a delay of 2 months, if an offer is accepted ?
Buying my first home quick question?1pretty2012-10-14 21:38:02
I want to buy a house ive googled a bit between 150,000 and 250,000 Currently I am paying my debt to all 20,000 i will not get a bank loan , how it works if you want to buy only cash only im 23 live in apartments on my own, so I'm confused how it works
Buying vs. Renting Round 2: Question about Buying?2Pedro2012-08-20 10:24:28
We have an income not so surprising (43,000 for family of 3 , but may increase a little) , but recently got a stroke of luck bringing my savings of $ 250,000 - after taxes and everything. Will move to Bozeman Montana soon and probably stay long term but could move after 2 years. To find out whether to buy or rent, first I have to know more about the option. Given my situation , the amount of down payment should I put down a $ 240,000 house , and how should I handle the rest? I think any amount not to put down (ie , hold) will have to make more investments than the interest on the loan to be profitable , right? If I can be sure to do more than the loan interest rate (with the money not spent at home) , is not it best to put as much down as possible? Are there other factors I'm not considering? Thanks in advance ....
Will buying a new car before buying a home hurt my credit?07582012-10-12 01:21:36
Hi , Does anyone know if buying a car ( with trade ) before buying a new home would be my chances of getting approval for a mortgage if my car payment went from $ 100 per month? MedlinePlus MedlinePlus Thank you !
Which is better: buying a home first, or buying a business first?2lakecia2012-09-05 01:51:08
Or even matter ? MedlinePlus MedlinePlus I want to buy a small local company . I also like to buy a house . If I had a business that could earn more money than they currently earn . I was thinking it might be better to go into debt to buy the business in the first place , because it is something that can increase my earning potential and higher income could buy a decent house . On the other hand , I've heard it could be difficult to get a business loan without collateral (ie a house ) , but it's not like there is any equity in the time I tried to buy a business anyway , so I do not know if that's entirely accurate . Also, do not know if you have a mortgage count against me when I try to get a business loan . What do you think ?
How to arrange finances when buying home, and what type of home loan?1samerah2012-09-16 22:13:05
My boyfriend and I recently accepted offer on a home for $ 264,000 . Combined we make about $ 105,000 a year , we have about $ 40,000 in total debt (student loans mostly , but some rotary ) . We have about $ 13,000 in equity and about $ 10,000 in cash. MedlinePlus MedlinePlus As we prepare to close , how to prepare finacially as this? ie sell all shares and use for a down payment , try to get something revolving credit , etc ? Considering the cost of housing that we need more to close , so I could not pay off the entire revolving credit . We intend to catch up after this purchase of housing by managing costs. MedlinePlus MedlinePlus Last question - what type of loan should be considered? Just a typical fixed or 30 years should consider a shorter period such as 15 years? Any other options ? We only payment to 5% and finance the rest . Thank you !
Questions about buying first home and qualifications needed for a home loan?0Popularity2012-11-06 04:59:35
I am wondering what types of qualifications you need to get a normal 30 year fixed rate mortage? ei...employment length etc. Also what is the going rate for APR ( just the avg please), can you have a cosigner? What is the first step to take in buying a new home..should we contact a realtor or the bank? any other tips on buying my first house? Thank you
How do you finance buying one home before you sell your existing home?2danae2012-10-03 12:26:02
I want to buy another house , move, and then sell my old home . Are there ways to finance the new home to the heritage of the old house to secure the loan ?

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