Check out these apartment building pictures:
Observatory Hill Apartment Constructing
Image by joseph a
This was one particular of a few eye-catching apartment buildings located in Pittsburgh’s overlooked Observatory Hill neighborhood.
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VITAL STATISTICS
211 Neil Ave., pharmacy Marion, treat Ruth Wheeler to Frederick R. Davis Jr., $ 8,500. 1817 Harding Highway W., Marion, Federal Home Loan Mortgage Corporation to Timothy C. Fogle Jr., $ 103,000. 1287 Sunset Road, Marion, Norma J. Johnson to Nancy J. Axline, $ 40,500 …
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In Cyprus port, Russian money flows freely
Home to over 30,000 Russians who began flocking to Cyprus after the Soviet Union's collapse and catering to many more tourists each year, locals jokingly refer to the town, complete with Russian signs and schools, as "Limassolgrad". "Cyprus is a …
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Question by alicia s: I need help to help my son. He is on the verge of losing his home. What alternatives are out there?
He is sick with diabeties, cure but he works his butt off. I guess this is happening all over. But how can he save his home. Thanks
Best answer:
Answer by I Buy And Sell Houses
He should contact his lender and ask about a loan restructuring or forebearance. He’s already received material from the lender describing those options. He should read (or re-read) the information, story then contact the lender.
Failing that, he can attempt a short sale. He’ll be selling his house at a loss, but it’s better than a foreclosure.
Add your own answer in the comments!
Question by Rhonda: Will I get less than the average mortgage rates if I have great credit?
We are thinking about buying a house, hospital and I just want to know if we have enough for a 10% down payment, stomach decent income, and a great credit score ; can we expect to get below the average mortgage rates that are listed online? Thanks.
We will be get pre-approval before we decide to go house shopping, but I am just wondering this right now.
Best answer:
Answer by godged
Great credit scores get the best rates.
A lender told me that many online calculators put on a rate for an average credit score, but some quote the best rate available.
Do not forget to compare more than interest rate between lenders. Closing costs, especially with online lenders, can be very different from shop to shop. Ignoring closing costs and only looking at interest rate can cost you thousands of dollars.
What do you think? Answer below!
Question by michelle: What annual income is needed to buy a 5, recipe 000 house?
I am planning to purchase my first home in the next 6 months. Just wondering what is the average yearly income requirements are for a mortgage loan of this amount? My annual income is just over $ 90, viagra order 000 will I qualify?
Best answer:
Answer by Casper
Recenlty my friend got home loan of 500000$ for 25 years on 1.5% which should be paid annually my friend doesnt have good credit his credit score is below 500 but still he got loan.
I asked him how you got ?
He told me while i was searching on internet for Home loan with Bad credit he found a site which contains about 8 links for bad credit so i checked all of them one by one .
go to
www.dixiloan.com
> Home loan
Note each link contain different interest rates and repayment period.
Take Care
Bye!
What do you think? Answer below!
In order to find out the type of loan programs you are qualified for you will have to fill out a loan application, with a mortgage broker, which you can find one in your local telephone book.
Make sure this mortgage broker or mortgage banker is able to do government loans such as FHA and VA loans if you qualify for one.
He will fill out this application, which takes awhile so grab your favorite beverage and sit down. Once you have completed the application, he will run your credit report which will have your credit scores. These credit scores will determine your interest rate.
The amount of your monthly debt payments you are required to pay as per your credit report and the amount of mortgage you can take on based on your income will determine the amount of house you will be able to purchase.
When you speak with the mortgage broker you will need the following documents to complete the loan application, there will be others, but this will get you started.
#1 One month of pay stubs for each person that will be on the mortgage.
#2 Six months bank statements from each bank in which you bank as well as statements from any 401K from you place of employment.
#3 Two years of federal income tax along with the W-2 that match.
Once he has all that he need to do he can then issue you a pre-approval letter so you can purchase a home. In this pre-approval letter will be the amount of house you are qualified to purchased.
Once he gives you this pre-approval you may now find a real estate agent to find yourself a home or he might have a referral.
Now make sure before you get your pre-approval you and your mortgage broker go over all your options as to the mortgage programs you qualify for, the interest rate, monthly payments.
If you are getting a FHA, fixed rate, two loans to eliminate PMI like an 80/20 or one loan, if you are qualified for and approved for a 100% loan.
You should select the loan that best suit your financial condition at the time. That could be an adjustable rate loan. It could be a fixed rate loan for 5 or 10 years and then adjust. Some adjustable rate mortgages only adjust once.
Make sure your mortgage broker explain all your options so you may make an intelligent decision.
What might be good for one person might not be good for you, in other words just because your friends and all your real estate buddies are telling you about the great fixed rate they got, your financial situation might call for something else.
So select the best option for you and your financial situation.
You should also get a Good Faith Estimate (GFE) which will indicate the cost you will have to pay for getting this loan. It will also indicate the amount of your down payment.
Once you have found a home the real estate agent will then prepare a contract for you and the seller to sign.
Your mortgage broker will now order an appraisal to show proof of the property value.
The mortgage broker might ask for additional information or documentation, don’t get all up tight this is normal, just supply the information or find the documents needed.
After the appraisal has been completed you will be called by your mortgage broker to sign your loan docs so you can take possession of your new home.
Before signing any loan docs make sure they say exactly what you and your mortgage broker went over when you decided on what mortgage program was best for you.
I hope this has been of some benefit to you, good luck
“FIGHT ON”
I am just whyte, i had issues getting a loan of 150k until i met Henry Smith. do contact him at henrysmith612@gmail.com All thanks goes to my friends Lissa for introducing me to him. I am doing like wise here…..Congratulations as you contact him….
I have heard a general rule of thumb is 3 times annual income. So you’d be more likely to qualify easily for something in the 270,000 range.
The upside is 270k buys more house than it did a few years ago.
Good luck.
Housing payments are typically composed of four items: Principal, Interest, Taxes, and Insurance (often called PITI). Many first time buyers are not aware of the big picture of the financial responsibility that is required when you own a home. Principal and Interest are linked together and are paid to the bank on a monthly basis. Taxes are due twice a year, and insurance is typically an annual policy. However, many borrowers opt to set aside money monthly in an “impound” or “escrow” account. This way they accumulate money to pay the taxes and insurance rather than having to come up with a lump sum when the obligations come due.
As for qualifying, there are four basic areas that the bank looks at: Credit Scores, Loan-To-Value, Debt-To-Income Ratio, and Assets/Reserves. This is a bit of an oversimplification, but in your case, assuming that you have reasonably good credit, have minimal existing debt, and plan to put down at least 10%, you should qualify with no problem.
There are certain details and specifics which could come into play. For example, if you borrow more than 80% of the value of the home, you will be required to also pay mortgage insurance on top of the PITI mentioned in the first paragraph. It is a good idea to consult with a mortgage broker who can guide you as to the specifics of your situation.
I hope that helps and good luck!