My husband and I both have bad credit. But, we are working on getting it takin care of. We finally found the perfect house right price and all. But, we can’t seem to find a company that will give us the loan. We have a co-signer with excellent credit. So I would like to know [...]
Posts Tagged ‘home’
Are there any programs to finance debt into a new home purchase?
I am looking at a foreclosure in the Grand Rapids area. It has an appraised value of approx. $63,000. I will be purchasing it with an accepted bid of $35000. I have a $10,000 high interest auto loan I would really like to finance into the purchase at the time of purchase. I have heard [...]
Here’s My Financial Situation – Can I Afford a $400-$500k Home?
I am currently paying $1250/mo for a 2bd/2ba apt. in SoCal. I really hate throwing that kind of money away, though, and I want to buy a house after my lease is up in Sept.
I have good credit (score is 750), minimal bills each month (just two credit cards), and I can afford payments [...]
Should banks be *required* to modify home loans. ?
Lower interest rates, extended payout time, force escrows for taxes and insurance, balloon conversion..etc. Currently Fannie Mae and the like mandate it to a point but not all banks and home loans and it is in the discretion of the banks. Lest not forget about the Hardship claims you have to make..
Debt Consolidation, home refinance question. . . ?
I currently have two auto loans, some credit card debt, and will be purchasing a house very soon. I know they have debt consolidation loans, but all ive seen are fixed rates for them. Do they offer Arm rates for debt consolidation for auto, credit, and mortgage loans? Any info is greatly appreciated. Also ive [...]
Can I afford this monthly home loan payment based on my salary?
Hi.
I have got a Good Faith Estimate from lender who agreed to loan me the money. The paperwork indicates that my monthly payment is $1910 including principle, interest rate, insurance and tax. My pre-tax annual income is $95,000.
My question is: Shall I go for it? Is $1910/month too high for me? What is my debt [...]
Can I Get a Mortgage on a 260K Home?
What kind of mortgage can I get with my husband making $60,320.00/year and a credit score of 612, 625, 630?
I make $62,226/year and have a credit score of 638,649, 642. We have had a couple of late payments, no more than 30 days, and we have a very low debt to income ratio. We also [...]
Does refinancing our home make sense?
We began paying on our new home in August 2008 at $1320.00 (6.625 interest rate) per month. Its a 30 yr fixed FHA loan including principle, interest, mortgage insurance with home insurance and property taxes paid from an escrow account. We’ve made 7 payments, all on-time or early. Credit scores are mid to high 700s.
We [...]
If you had a 2 percent 5 year fixed home mortgage with a balance of $249,000. But you wanted to pay off the?
$249,000 balance within the 5 years. What would be the best strategy to do this? I am confuse as to how much out of pocket money would I have to pay each year? Since this is an amortization loan how do you figure this out? Thanks.
Refinancing our home, is this a good deal?
Ok, here’s the basics. Our credit is not very good due to a few late payments and the few credit cards we have being very close to being maxed out. Our current mortgage is for $188,000. Our home is worth at least $360,000. Our current mortgage is an interest only, (6.05%) about to go [...]
