Question by : Are FHA mortgage loans more difficult to obtain?
Best answer:
Answer by My Take on It
They are less difficult than a conventional
Depends on your circumstances
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Obama refinance program: Good incentive for borrowers and lenders
article by John Mathew
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offered an overview of the Home Affordable Refinancing Program (HARP) of Fannie Mae and Freddie Mac. We also have short power line to the new and updated FHA program, cost which is for 2012.
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More Refinance Harp article
Question by rebelBodhi: Young couple with pretty good income, viagra but low down payment, can I buy a home?
I’ve gotten through advanced calc and computational analysis courses, but navigating the world of finance and mortgages is still a bit daunting.. any help would be appreciated:
I make $ 75-80k and my spouse makes about 40. We’ve been renting in the MD-DC-VA suburbs for 4+ years, with perfect rental history (paying about 1300/mo), and have average credit.
We’d be first-time buyers. I know we could easily swing the monthly payments, it’s just the initial costs I’m not sure about.
Anyway, given this income (total about 110k/year before taxes), and a small (say 3-5k) down payment. What options, if any, are there for buying a 250k-300k (town)home? (we’re 25 years old if that matters)
I’m aware of FHA loans, but how/if they would help lower the inital costs is still a mystery.
Thanks!
fyi you did sound caustic, and the plan is to wait at least 4 months. I’m looking for some info and others’ experience.
Best answer:
Answer by ?I am a MESS?
Down payments vary from state to state, in Ohio it’s 3.5% of the cost of the home.
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Examine out these mansion images:
Mansion Betliar
Image by Matus Kalisky
Manison Betliar in south-east Slovakia constructed in 15th century and subsequesntly partially rebuilt in 17th and 18th century. It has a garden with fountain and english park. It was constructed and utilised mainly as hunting mansion. It serves as museum considering that 1949. Nice place to pay a visit to.
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Tachihara 4×5, website like this Fujinon 125/5.six CM-W, this site Fuji Pro160S
For more properties click here…
Carnton Mansion
Image by www78
Significant mansion just south of Franklin owned by the McGavock loved ones. In the course of the battle for the town, recipe Common William Loring’s brigade swept past the developing under artillery fire during the assault. Afterwards the bodies of four Confederate Generals had been laid on the back porch before their transport home. Blood stains still appear on the floor of the mansion. Right after the war, the McGavock’s donated land for a Confederate cemetery. Each the mansion and the cemetery are believed to be haunted.
Franklin, Tennessee.
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mansion on a hill
Image by Stitch
We could not have a mansion on a hill
Mink coats and diamonds by the score
But the things we have no man could ever take it
Just the two of us now who could ask for more
—"Just as long as we have really like" sung by The Spinners & Dionne Warwick
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Question by Simply D: Home Finance?
I’m 23 years old and would like to consider financing a home in the next 2-5 years, doctor I want to know what kind of things do I need to be concerned about with my credit? How can I increase my score and what do I need to know about financing a home to get a good value and a good deal. Personal experience are greatly appreciated. Thank you all.
Best answer:
Answer by donfletcheryh
First, about it build a large down payment. This is an almost irresistible part of the financing game. But just because you have put together say 15% of the price of a house over 5 years tells you that your saving skills are starting to work.
Do not take out loans and pay them off to increase your score. It works against item 1, building the DP.
Rather, have a couple credit cards that you use to pay for things you buy, but religiously pay them off, completely, every month, well before due date.
Avoid buying cars or other big ticket items that ‘require financing’. If you buy any of them, do it on your credit card, but again pay off the credit card that month.
Avoid those sales that allow you to make no down payment, or no payment this year. You can always negotiate a cash reduction. They really do prefer cash, they really do prefer to make a sale rather than have you walk out.
As your savings grow, you should be investing, not just buying bank deposit notes.
If you do a good job of investing, even living in rented accommodation can be a sound economy.
Add your own answer in the comments!