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
What do you think? Answer below!
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.
What do you think? Answer below!
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
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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.
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Question by jenp: Mortgage rate: 5.35%, view am I getting ripped off?
We have an excepted offer on a house, medical and have been doing all the loan paper work and are supposed to close on the house mid to end of may. But I don’t know if the interest rate we were given is a rip off? FHA fixed 5.35%. We both have pretty good credit in the 750’s each. The home we are buying is in minnesota and the mortgage company is out of California. We went with this mortgage company because the home is a forclosure and they stated in the agreement if we went with them they would pay closing cost but if we went with anyone else the closing cost wouldn’t be part of the agreement. And we really like the house and have been looking for 2 years, medications so we went with them. Is this a normal interest rate as of right now? Because I’ve seen a lot of advertisement for under 5% FHA fixed, even wells fargo had 4.85%. But I am new at this so I am not sure how it all really works.
0 points
Best answer:
Answer by Jonnur47
5.35% is an average rate for today. However you left out some important details.
IE: Origination or Discount points ?
Know better? Leave your own answer in the comments!
A few good castle photos I discovered:
castle
Image by NapaneeGal
Component of the wall and surrounding buildings of the earlier "castle with drawbridge" photo
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[Castle, physician Tenby, cost Wales] (LOC)
Image by The Library of Congress
[Castle, price Tenby, Wales]
[between ca. 1890 and ca. 1900].
1 photomechanical print : photochrom, color.
Notes:
Title from the Detroit Publishing Co., catalogue J–foreign section. Detroit, Mich. : Detroit Photographic Business, 1905.
Print no. "10721".
Types portion of: Views of landscape and architecture in Wales in the Photochrom print collection.
Subjects:
Wales–Tenby.
Format: Photochrom prints–Color–1890-1900.
Rights Information: No recognized restrictions on reproduction.
Repository: Library of Congress, Prints and Photographs Division, Washington, D.C. 20540 USA, hdl.loc.gov/loc.pnp/pp.print
Element Of: Views of landscape and architecture in Wales (DLC) 2001700652
More details about the Photochrom Print Collection is accessible at hdl.loc.gov/loc.pnp/pp.pgz
Persistent URL: hdl.loc.gov/loc.pnp/ppmsc.07497
Contact Number: LOT 13408, no. 161 [item]
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Michelle Obama's heartfelt speech opens Democratic National Convention 2012
Watching his wife's speech from the White House with their daughters Malia, hospital 14, and Sasha, 11, President Barack Obama had earlier in the day paid tribute to his wife's political skills at a rally in Norfolk, Virginia. 'This is just like a relay,' he …
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China grasps for a growth alternative
Over the past couple of years, banks were forced to roll-over an estimated $ 1 trillion dollars of maturing loans taken out by local government SOEs. Don't believe the official non-performing-loan ratios of Chinese banks which are stated as less than 1 …
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Question by : Bad Credit Mortgage/FHA Loan?
Hello, medications
I’m trying to get some answers on a very simple question….. Is it possible to get a Mortgage/FHA Loan with a bad/poor Credit Score? I’ve been reading all types of forums and blogs on this and I’m not really getting anywhere. The thing is most of my past credit issues are going on 2 years of age or more. Should I pay them off or leave them be? I’ve read that if some things on your report are over 2 years old you shouldn’t pay them off because it will update it and hurt me even more. Is this true? I have no clue. The home I’m looking at right now is only $ 40, adiposity 000 and I make nearly $ 24,000 yearly gross and I have plenty for a down payment. Should I just get all my information together and apply for an FHA Loan and cross my fingers?? Pretty much what I’m asking is, are there companies/lenders that don’t really punish you for bad credit as long as you can prove that you can afford the loan??
Best answer:
Answer by Rebecca
Most lenders will require you to pay off past collections and Judgments in order to qualify for the loan. Why shouldn’t you be denied credit if you have credit out there that you have not paid off?
Give your answer to this question below!
Question by hotguyfromrincon: Should I accept this loan modification offer my attorney negotiated for me for my current mortgage?
2 months deferred mortgage payments
4.0% rate, about it fully amortized, page fixed, sickness for 5 years
5.0% rate after the first 5 years, for the remainder of the loan
40 year term
no prepayment penalty
my current loan is FHA 6.5% 30 year fixed
Best answer:
Answer by bud68
Only you know your financial and personal situation.
Add your own answer in the comments!
Only you can decide if the 2 months postponed and the lower monthly payments work for you. If you would still be foreclosed in 6 months due to an inability to pay….
However, most of the complaints on loan modifications has been that the lender *hasn’t* been lowering the payments.