A few nice condominium images I found:
Condominium windows 3
Image by tanakawho
Lights from condominium windows. Pushing the shutter, thumb cure I swang my camera. Rather intriguing outcome, online more about is not it?^?^??
For much more properties click right here…
Condominium windows 1
Image by tanakawho
Lights from condominium windows. Pushing the shutter, I swang my camera. Really interesting outcome, is not it?^?^??
Much more fantastic houses click right here…
Question by Emmu: How wise would it be to try to buy a home when I possess bad credit?
My fiance and I want to buy a home but our credit is not good. His is better (in the high 600) and mine is in the low 600. Would it be better to wait until our credit improves to buy a home(this might take years) or to try and buy a home now and face higher rates?
Best answer:
Answer by bishop_larry
I would try an interest only loan for 3-5 years, diagnosis this would enable a decent payment even with a high interest rate. Show the lender a good payment history and refinance at a later date. Depending on your current rental costs the interest only mortgage pmts might be similar.
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Home Sweet Home
Of those refinance applications, salve 29 percent of them in the first week of December were applied for through the federal Home Affordable Refinance Program (HARP). That program, of course, is the one set up to help people who are having trouble paying …
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Question by sparklle0913: If I make 48, stuff 000 a year, more about can i be qualified to buy a house that ranges from 170,000-180,000?
How do i know i can get approved and if i am in Houston Texas, where can i go with this at a cheap mortgage lender at that. I want the best and good mortgage rate possible, does anyone have any recommendations for a first time buyer? Or any good loan places for a house?
Best answer:
Answer by Pablo
you cant afford it, plain and simple
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Rule of thumb is that you can afford a house that is 3 to 3-1/2 times your gross annual income.
Rule of thumb #2: Your mortgage payment (principle, interest, property taxes, and insurance) should not exceed 28 to 33% of your gross monthly income. If you have no other debts (no car loans and you don’t carry a revolving balance on your credit cards) you may have slightly higher limits. Your total debt load (mortgage plus auto and other minimum debt payments) may not exceed 38 to 43% of your gross monthly income.
At $ 48,000 (pre-tax) you can afford a mortgage between $ 150,000 – 175,000.
The basic rule of thumb for mortgages is 3 times your gross income. So, that means you can get a mortgage for up to about $ 150,000. To buy that $ 170,000 home, you will have to make a down payment of $ 20,000.
I would suggest going to your local bank for a pre-approval. This is a simple process and they will give you their estimate of the amount of loan you would qualify for. This is not a guarantee, and you are not entering into an agreement with the bank. This is just to give you an idea how how much house you can afford. Remember that just because the bank says they’ll give you a loan for $ 170,000 that doesn’t mean you can afford it. You’ll need to figure out what the full monthly payment will be (including principle and interest, taxes, insurance, and pmi if your downpayment is less than 20%). Don’t go by the mortgage calculators online. They’re great for knowing what the principal and interest will be, but then you have to add all the other stuff. The principal and interest for my home is only $ 367/month, but with pmi, insurance, and taxes, my monthly payment is $ 566.87/month. Figure out what you can afford before you fall in love with a house that’s too much.
When you’re ready to get your actual loan (first find a home and make an offer), then you will want to call around to different lenders and compare interest rates. Do you know what type of loan you’re looking for? For an FHA loan, you’ll need at least 3.5% down payment and for more conventional loans 20% down payment is recommended. In addition, make sure you have the money for closing costs (2.5-3%) of the purchase price.
We have Bank Of America as our Lender. They are a good place to start. I hear they have great rates.