Renting & Real Estate - October 2007

I just bought my first home two months ago. My loan officer required me to put 10% down on it. I already want to move, but I want to keep it for an investment. I know I can rent it out enough to cover the payment on it. My question is, if I go to by a new house to live in, will my loan officer require 10% or 20%. He said that they require 20% for investment properties, but my new house that I buy wont be an investment, I will live in this one.

2007-10-07 14:36:06 · 3 answers · asked by Donald L 1

I guess i asked everything

2007-10-07 14:28:47 · 8 answers · asked by Anonymous

Any advice would be great. Should i speak with Bank Managers, or go to the Local County Seet office. Are they bought at auctions or can i buy them before directly from the bank? I really appreciate your help in helping me find my dream home/land...thanks a lot

2007-10-07 14:12:22 · 3 answers · asked by Anonymous

I gave my landlord a list with 4 problems with my house over 2 months ago. I had a leak, mold on the walls and carpet, and my bathroom fan and oven fan were out. In the 2 months the only thing that has been fixed is the oven fan and the leak. My wife has been sick with headaches and sinus problems that we think are because of the mold. I dont know how to approach this because i do not have a lease, but i did pay for 5 months rent up front in aug. So i am paid up untill january. Hope someone can help.

2007-10-07 13:32:02 · 6 answers · asked by Matt G 2

My husband and I are planning to purchase a new home in the next couple of months. I know that traditionally, without 20% down payment, banks require you to pay PMI. While I understand the bank's perspective on this, as a buyer - it seems like money thrown to the wind every month.
My husband has impeccable credit, so we can get a good interest rate. We just aren't in a position to put 20% down at this time. I have heard about 80/20 loans, but I am not sure if that is a better option. I am only intrested in a 30 year fixed rate mortgage - no ARM! Do I have any other options other than PMI???

2007-10-07 12:48:44 · 9 answers · asked by Anj 3

I was just wondering:

1. How are apartment rental bills paid? For example, every week, or every month?

2. Is the rental bill seperate from other bills For example, electricity, water, gas and all of that?

2007-10-07 12:02:51 · 3 answers · asked by Anonymous

I am from Iowa, does anyone know how I can get help with making a deposit on my apartment.. I hear that the Salvation Army will help, but does anyone know how I go about doing that or how that works? Thanks...
I just dont understand how they expect a single mom to make a deposit and first month rent at the same time...

2007-10-07 10:31:37 · 3 answers · asked by Anonymous

I only have 2 weeks left to live in my crappy house. There is a giant hole in the floor in the middle of the hallway. It is covered in carpet so there is no risk of falling through but when I step on it it sinks in. I asked my landlord to fix it 2 times in the last year. Now my time is almost up and I am afraid he is not going to fix it then charge me for "damaging" the place even though the hole was there when I moved in. (it was not a big hole at first but it has gotten lots bigger)

How do I get him to fix this? I am very poor and can't afford to fix it if he charges me.

2007-10-07 10:30:49 · 4 answers · asked by Ambie 3

how can i convince my parents to move to a plance in a very good neighborhood(jmy mom always said that she would move there if she could but my dad thinks diffenenty)i want to move because my crush that i have 4ever is like right there i mean we would not be neighbors but his backyard would be bacicly my front yard seriously i have been to his neighbors house befor (one of my friends lives there so that could e my excuse for wanting to move there so please give me some reasons for wanting to move I WANT TO MOVE SOOO BAD!!!!!!!!!!!!! PLEASE HHHHHHEEEEELLLLLPPPPPP

2007-10-07 10:20:45 · 6 answers · asked by Anonymous

How long until the prices go through the roof? Does anyone know any more details of this project. Will it end up housing a lot of the real scumbags, unfortunately cheap housing has a way of doing that! And when will it move down south?

2007-10-07 09:27:51 · 2 answers · asked by jj26 5

are there n e news papers or websites that post this sort of thing?

2007-10-07 09:14:31 · 4 answers · asked by Anonymous

2007-10-07 08:04:52 · 6 answers · asked by Artisan 2

2007-10-07 06:07:04 · 1 answers · asked by James J 1

2007-10-07 05:32:14 · 3 answers · asked by Anonymous

So, I know the general rule is - spend no more than 3 times your annual income on a home. So, $100k/year would buy you a $300k house. Say you have a decent downpayment of around $70k to put down and get a monthly mortgage of $1.7k then wouldn't you be able to afford that even if you only brought in around $4k/month?

Just wondering.

Thanks.

2007-10-07 05:31:16 · 5 answers · asked by Anonymous

My neighbor, who rents her house, put up a few Halloween decorations last week. She put a wreath on her door and a couple of those lightup pumpkins on the porch. She got a call from the landlord a couple of days later telling her to put the decorations away (I guess she had driven by) because the landlord doesn't celebrate Halloween because it is a pagen festival and she didn't want anyone from her church who sees the house to think she is condoning the celebration of the holiday.

I told my neighbor that I don't think she could forbid her from decorating, but I wasn't sure. Does anyone know if your landlord can prevent you from decorating for the holdays?

2007-10-07 04:32:40 · 6 answers · asked by 4532 3

2007-10-07 02:49:15 · 5 answers · asked by . 3

So I am going to buy the house for 819000 dollars.The house has been on the market for about 90 days and I offered to almost pay full price for the house. At least 50 other houses in the same area are up for sale as well. Do you think that I should of offered to pay full price for the house or said no and took my business else where.

I know everyone is saying its a buyers market but what do you do when the seller wants the full price or near the full price? I wanted this house even though no one else offered to buy it.

The plus its a great neighborhood. What would you have done in all honesty. I know the seller was not going to drop the price or if they were, I had no reason to think they would of drop it.

Its a good deal over all. So I wondering anyone else experienced the same thing?

Positive or negative comments are fine too, just remember I want this house.

2007-10-07 02:36:59 · 8 answers · asked by . 3

The mortgage company said they would give me a 7% interest rate, not bad considering my credit is shot. So I punch that into a amortization calculator and get a payment on a $75,000 house at $498.98. Yet, the broker said my payment would be about $705. What else are they figuring in to the payment?

2007-10-07 02:25:56 · 5 answers · asked by Anonymous

Before the more biggotted among you start, I'm thinking about those on DSS because they are working and getting a low wage or are not in a position to work - ie, carers, retired, disabled not those who do nothing.

Also, animals who are well cared for, pose no problems & are clean and of good character!

2007-10-07 00:55:06 · 15 answers · asked by Anonymous

We want to buy a $75k property for investment. My husband and I qualify for a $300k mortgage loan but this seller wants a cash only deal.

It seems there must be some way to obtain another type of loan or arrangement that would enable us to pay the seller in cash as s/he requests but we are new to real estate investing. Any ideas?

2007-10-06 17:03:28 · 6 answers · asked by KH 2

Household of 3. What price range should i look at when buying the new house?

2007-10-06 16:43:18 · 5 answers · asked by ABC123 1

The house fire started, where the A.C was plugged in. I had nothing else plugged into this plug in, also the wiring was not updated throughout the house. If anyone has any advice or maybe similar incedents I would greatly like to hear from you. Thank you for looking..

2007-10-06 16:42:22 · 4 answers · asked by Anonymous

I am so SICK of renting, but I have no money saved up, tons of school loans, just screwed up my credit (4 months of bad luck = a DESTROYED credit report/score), so I doubt I will ever have my own home in the next 5 years.

UGH! I want to foster animals, and haven't been able to find a house to rent within a reasonable amount that will allow that!

Tell me I am not alone in feeling this frustrated!!!

2007-10-06 15:35:42 · 9 answers · asked by Shyamala 2

My husband and I were stationed at Ft. Riley, KS. We bought a townhouse. Now, he is in Iraq, and I am pregnant. We thought it best for me to move back near both our parents in Indiana. We bought a house in Indiana thinking our Kansas house would sell right away. It hasn't. Is there any kind of relief I can get on the mortgages because of this situation?

2007-10-06 15:20:55 · 5 answers · asked by Counselor 3

I am curently in the process of trying to buy my first home. I have shopped around for mortgages and came across the Recapture Tax mortgage. It seems to be a really good deal, I understand the stipulations, and I just need a bit of input from people that have used this recapture tax mortgage.

2007-10-06 15:11:52 · 3 answers · asked by notre 1

I have a home for rent and thought (Housing) but their payments are too low.

Was told can get (3-people) in a (3-bedroom home) on assisted living for a lot higher rent.

How do I qualify? How does the program work? I live in Dallas, Tx.

2007-10-06 14:56:41 · 2 answers · asked by mickey 1

bring more value - adding central air/heat or adding an extra bedroom. The houses in the neighborhood are mostly non-central air/heat and most are two bedroom houses. Its also a really small kitchen area - should I enlarge the kitchen?

2007-10-06 14:48:02 · 10 answers · asked by livingadream 4

I hear it's 20%, but is this always true? And if you don't have 20% are there others options to obtain the funds other than credit cards?Thank you for your time.

2007-10-06 14:42:45 · 6 answers · asked by Anonymous

is it even legal for them to inspect it without a reason?

2007-10-06 14:19:31 · 8 answers · asked by Anonymous