Renting & Real Estate - February 2007

80% first loan and a 20% second loan so theres no PMI, and u JUST made the income to debt ratio on the loan itself ( i have no credit debt or other loan debt and my credit score is above 750) and even though im not putting any money down ( i dont have any to put down) if i JUST made the debt to income ratio to be approved for the loan.....where do i get the money to pay the 10,000% closing cost, and escrow cost..... do sellers always pay all of it? what if the buyer doesnt want to pay any of it, or he only pays the (MINIMUM possible on his part.) it seems like alot of people can barely afford a house with no downpayment.....but even thought they are appoved based on the lenders debt to income ratio.....the taxes, home owners insurance, AND the closing cost.....now made it immposible to play. if i payed 10,000 for the closing cost, and the how ever 1,000's$ on taxes....then i dont make enuogh for the mortgage paymesnt that year...beciase the closing cost is soo high.

2007-02-08 22:28:03 · 4 answers · asked by beach_babe971 2

to just take money out? if u already have a low fixed interest rate. is it possible, if u wanted to refinance to take money out you could, and ud end up taking alot of money out, BUT , instead you end up paying more montly payments that you were before? if i did try to refinance and it ended up making my monthly payments higher....doesnt that defeat the purpose of refinance? or is the money i take out worth it? i owned the house for almost a year, fixed low rate, paying interest only, but someone told me i could still reifnance to take money out before i plan to sell so that money i get back will be tax free since i plan on selling really fast.

what about when you also have a low fixed rate, but ur house appreciates 5% or higher? how does refinancing work with that? i heared about people refinancing and they end up paying a higher monthly payment and that confused me?

2007-02-08 22:04:33 · 4 answers · asked by beach_babe971 2

2007-02-08 19:50:00 · 11 answers · asked by Anonymous

we now renting house and wish to buy a HDB flat with HDB loan.
But i have taken 2 times HDB loan, can i still go for the 3rd HDB loan?

2007-02-08 19:45:04 · 2 answers · asked by blueoyster1 1

2007-02-08 18:42:15 · 3 answers · asked by chocolate smoke 4

2007-02-08 18:21:02 · 6 answers · asked by buttafly_biattch 4

Indians claim to be most forgiving and hospitable and yet there is wide spread distrust and discrimination when in comes to buying real estate... non-veg especially are muslims are barred from buying prime areas. What has education and liberalisation thought us all to be unjust and shameless and not follow the great tradition of secularism.
The question I want to pose : How can we change this legally, morally and socially

2007-02-08 18:15:15 · 5 answers · asked by coolGuy 2

Yesterday we were notified that the home we rent (our lease is now month to month) is for sale and in two days we need to allow access to the listing agent to show the home to prospective buyers. This concerns us greatly due to our guard dog and a member of our house has an impaired immune system. We feel that allowing people that could have potential illness (it is flu season) in the house puts this family member at risk. We are willing to move within 30 days, especially to avoid the potential risks to health and the safety of our pets. We live in an area where predation is a huge risk. You don't let your cats or dogs out because they may not come back. Do we have the option to allow access without proper notice if proper notice is even required?

2007-02-08 18:08:04 · 3 answers · asked by earthenergyherbs 2

Less than 5 years ago, an average home was affordable on an average income. Now home costs have soared to the point where it requires twice the income to buy an average-cost home. Why has this happened?

2007-02-08 17:46:54 · 5 answers · asked by Dan S 1

2007-02-08 17:15:36 · 5 answers · asked by My King loves me 3

I am starting a real estate invesment company and I need some investors to assist me with my rehabs.

2007-02-08 17:12:38 · 1 answers · asked by Moni B 4

2007-02-08 16:52:27 · 7 answers · asked by bujji 1

My co-worker says her landlord of 2 years won't fix things in her house, that were written down in the walk-thru. The painters quit and never finished the house, they said because the landlord didn't want to pay. Another handyman has done the same. Landlord told her to trim the blinds with scissors (they were too large for the windows and caused gaps on either side). She refused and bought her own. The house is really drafty; he won't seal the doors. The vents are broken under the house, and her floors are freezing. She said she pays her rent on time and keeps reminding him of the repairs. He keeps saying he'll get the work done but he's really just a stingy person. She is withholdiing her rent right now but I told her she shouldn't do that. Does she have any tenant rights? What are they?

2007-02-08 16:25:19 · 11 answers · asked by Anonymous

This is for the more seasoned real estate investors.... I personally like to invest in Condominiums and rent them out. What other kinds of real estate do people like to do, why and have you been successful at it? (ie. Flipping, hold and rent, buy land, etc....)

2007-02-08 16:20:48 · 4 answers · asked by Kenneth C 6

My father passed away and my 2 aunties are the untrustful Trustees and executors of his estate. they sold the properties he owned very cheap please help?

2007-02-08 16:14:40 · 6 answers · asked by Anonymous

The building is 3 years old and constructed by a reputed builder. Also, problem is the builder has not formed the society till date. Will it create a problem?

Please guide.
Thanks in advance.

2007-02-08 15:55:43 · 3 answers · asked by harsh_dk 1

Some loan office told me to take a loan and it's at 200K. I found a house at 100K and is just planning to buy that. It's a 2 rooms and 1 bathroom house. With the other 100K, I'm going to invest it and collect on the interest. Is it possible of me to do that? O also, I want the other 100K because like my mom and dad, they didn't have any money at all in the bank or what so to pay their house so they had to sell it. Now if I had that extra 100K invest, I'm going to get at least a bit of % back right. Also if inflation happens, I can be able to use the other 100K to pay off the mortgage

Anyways, can anyone tell me about this? New to the game.

9$ an hour and is getting about 30 hours a week.
Girl make about 9$ an hour also and about 30 hours a week also. Can we make it and is that loan possible or do I have to get a 200K house? Thanks for the help guys.

2007-02-08 15:43:36 · 6 answers · asked by Anonymous

Will not do anything Who do can we call to override him to get the situation Fixed with the MOLD

2007-02-08 15:04:47 · 5 answers · asked by l9poppy 2

2007-02-08 15:01:06 · 5 answers · asked by Jdub 1

Hi I am talking about the apartment lease here. I am paying quite a big amount for rent of my apartment. Information on negotiation in rent , after signing the lease and staying in an apartment for sometime, is expected. This pretty much leads the discussion into negotiation of apartment rent. Please share your experience if you have gone through this.

2007-02-08 14:53:36 · 4 answers · asked by a n 1

My brother just moved into this apartment complex in calgary. He plugged in his old computer into a wall socket and it immediately fried his computer, sending sparks out of the wall socket. He went that day and bought a brand new computer, and plugged it into the same wall socket. It blew the brand new computer up as well (luckily he had a warranty). Then the apartment manager came over and he then plugged in his stereo system to show the manager what would happen. It promtly blew the system as well. The apartment manager then plugged her curling iron into the wall and that blew as well. The landlord says he wont reimburse for the damages. I suggested small claims court action to my brother, but can the landlord evict him because he is sueing?

2007-02-08 14:39:41 · 4 answers · asked by lee r 1

2007-02-08 14:37:40 · 5 answers · asked by jay s 4

2007-02-08 14:36:31 · 5 answers · asked by Caribou2 1

My husband and I have the wonderfull opportunity to purchase a home outright. I am aware of the tax breaks we would get if we were to finance a home. We would still have PLENTY left over (after buying a home outright), to secure our living AND retirement by investing a portion of that. My question is this: should we STILL finance a home?
Thank you in advance!

2007-02-08 14:20:03 · 9 answers · asked by Ellie 1

2007-02-08 14:12:55 · 6 answers · asked by Patricia J 1

that are affordable for a college student

2007-02-08 14:01:41 · 4 answers · asked by Anonymous

2007-02-08 13:56:31 · 2 answers · asked by show me the way 2

Do you have to know algebra? Or use it at all? I already asked this question, but got someone who said yes. Most said no. So I need a real appraiser to tell me for sure........

2007-02-08 13:31:57 · 5 answers · asked by Anonymous

is there anyway to hide an eviction if you have one like if you go to rent again and you just fail to mention you lived in a apartment before does that work out?

2007-02-08 13:14:29 · 5 answers · asked by //S / 1

can you then just grab one of their flyers, call the agent and schedule a viewing (without having an agent myself)?

2007-02-08 13:09:04 · 11 answers · asked by Caribou2 1