me and my husband have just been accepted for our first mortgage we need to borrow 100% we got accepted for £160000 they have given us £150000 secured and £10000 unsecured the repayments on it are about £1000 a month do you think thats good?
2007-08-15 18:30:40 · 9 answers · asked by honey112 2 in Business & Finance ➔ Renting & Real Estate
I would do it!! I have a friend in real estate in CA. She says it is almost impossible to get 100% Financing now, compared to a year or so ago. I bought a house...100% Fin. on stated income and it was relatively easy. Now she says NO WAY! Make your Dreams a reality!
2007-08-15 18:39:19 · answer #1 · answered by Jesse H 1 · 0⤊ 1⤋
Is that a fixed rate ? or an ARM ?
It is the terms that make it good or bad ,
And we can't tell from your starter payment .
Maybe the rate doubles next year ?
After all , you have nothing put down , so that could be any crazy loan .
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2007-08-16 01:36:00 · answer #2 · answered by kate 7 · 1⤊ 0⤋
Wow, thats hell of a lot of money to pay every month. You must both have good jobs.
2007-08-16 01:34:54 · answer #3 · answered by jimbob 4 · 1⤊ 1⤋
it sounds quite good but how much interest are you paying on that amount each month thats what you have to look at x
2007-08-16 02:32:32 · answer #4 · answered by Anonymous · 0⤊ 1⤋
DEPENDS ON WHERE YOU LIVE AND HOW MUCH YOU NEED THAT HOUSE!
2007-08-16 01:34:22 · answer #5 · answered by carrie 2 · 0⤊ 1⤋
Its not bad.
2007-08-16 02:32:25 · answer #6 · answered by Well, said Alberto 6 · 0⤊ 1⤋
its ok but not the best.
2007-08-16 01:33:40 · answer #7 · answered by 1chunx4u 4 · 0⤊ 1⤋
i have no idea!
2007-08-16 01:35:20 · answer #8 · answered by Michelle G 2 · 0⤊ 1⤋
No !
2007-08-16 01:44:59 · answer #9 · answered by Anonymous · 1⤊ 2⤋