how big can i get a house in florida with this amount of money?
by Center for American Progress Question by David G: How to take out a loan without income record? I live in Melbourne Australia not working. My main business activities are overseas so that I do not have to work here and pay taxes to the Australian Tax Office. Recently I’m considering buying another house by taking out a home loan in Australia since the interest rate is lower in Australia. I do own a house in Australia but I do not have any income records. So is there a way to convince the bank to give me a loan? My main concern is not to let the tax officer know my foreign assets or income details. Best answer: Answer by scatSorry – no reportable income – no loan. Know better? Leave your own answer in the comments! Banks Settle Home Mortgage Claims Bank of America Corp. has agreed to pay $ 10.3 billion to Fannie Mae to resolve claims related to the sale of home mortgages. Separately, advice 10 lenders agreed to an $ 8.5 billion settlement with federal regulators to resolve claims of abuse related to … For more informaiton please visit here… The Role of GSEs in the Housing Market The Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), the major housing government-sponsored enterprises (GSEs), hold dominant positions in the U.S. mortgage market. They have likely … More informaiton please visit here… Mortgage Applications Continue Rising Later this morning we get the Federal Housing Finance Agency (FHFA) house price index. The consensus estimate calls for a rise of 0.7% in the index. Rising home prices and very low mortgage interest rates are combining to weigh down the inventory of … For more informaiton please visit here… Federal Housing Finance Agency proposes fee hikes on Connecticut mortgages … The Federal Housing Finance Agency, which oversees Fannie Mae and Freddie Mac, has proposed raising fees on mortgages in Connecticut and other states that require court approval of foreclosures, according to a report in the Wall Street Journal. If you would like more informaiton please visit here… Question by ?: how big can i get a house in florida with this amount of money? i have $ 600, page 000 to buy a house in florida if i offered some one that money for a house how big of a house could i get? Best answer: Answer by wahooWell that all depends on what area in Fl the house is. Another thing that will make a big difference in prices of a house is ..is it on a coast, or lake. Is it in a city, or small town or rural area. So much has to be considered. What repair is the house in, is it a “fixer upper” or never been lived in. So many questions before your one question can be intellegently answered, By the way the land taxes and permits down in Florida can kill your bank account What do you think? Answer...
Read MoreQ&A: Income vs. Auto loan amount?
Question by Brian V: Are there any Federal Programs to low income/ disabled people get affordable home loans? We need some financial aid fast, pilule patient or we’re going to lose the house we’ve been living since 2010! Help! Best answer: Answer by Cathi KGo to your home lender. Maybe HARP. If you do not already own a home you must qualify just like anyone else. Give your answer to this question below! Question by Don: Income vs. Auto loan amount? I am 19 and will have around a 700 FICO score after I pay all my credit cards off at tax time. I have had a full-time job for over a year now and make $ 9.25/hour. That puts my monthly gross income around $ 1, symptoms 600. I am currently living at home with no housing expenses. I know most banks have a minimum income requirement of $ 1,500, but I am wanting to get approved for a maximum $ 12,000 used auto loan. I would like to carry the loan out over 60 months which would make my payment lower than I am paying now for a car payment. I would make sure the car I would get should have a great Loan to Value rate and would be reviewed highly. Is that good enough to get my loan? If I need a co-signor, the only one I have makes about $ 27,000 yearly, but only $ 300/week is verifiable via paystubs (she is a waitress). Her credit score is about 630. Would that be enough to raise the combined income to get approved if I would need a co-signor? Best answer: Answer by Inquisitive125Congratulations on being so diligent in your research! If only more people would do what you’re doing. I would suggest that you wait approximately 90 days after paying off those credit cards so you can be assured your credit score has had the positive effect. Secondly, visit a credit union near you (you can find one a www.ncua.gov in the Resources for Consumers section) and get pre-approved for a loan. This will give you more bargaining power in negotiating the price of the new car since your pre-approval amount is the maximum you can spend. (For more info on bargaining for a new car visit www.clarkhoward.com. He has some great advice and tips!) Is the co-signer related to you? If not, don’t bring someone else into your finances. Stand for your loan yourself as you may not be able to count on that person in the future to assist with the payments. ( A co-signer is legally obligated to make the payments just like the main borrower!) Also, check with the credit unions in your area to see if they have any good repossessed vehicles. You’ll be pleasantly surprised at what’s available. The only caveat is that you will be buying the vehicle “as is” so you’ll want to get it checked out by a reputable mechanic….there’s no returning the vehicle because of problems. Good Luck! Add your own answer in the...
Read MoreQ&A: Why does my escrow account analysis show my balance as the full amount that I barrowed 3 years ago?
Some cool chateau pictures: Chateau d’Ouchy Image by edwin.11 Chateau d’Ouchy More terrific homes click here… Media Headline: Remodel Image by danielmoyle Kalamazoo Gazette article on remodeling instead of moving into a new home. No mention of the FHA 203k option for refinancing that mortgage loan and paying for home improvements. More great houses click here… Carrington Adds Streamline FHA 203K Loans to Its Offerings Carrington Mortgage Services LLC has announced that it will offer the Streamline FHA 203K loan program, side effects which allows for up to $ 35, viagra 000 in property repairs to be financed into the loan, recipe through its retail and wholesale businesses. Carrington's retail … For more informaiton please visit here… Atlantic Bay Mortgage Group joins Tidewater Builders Association's Cornerstone … Many home loan programs are offered including: government-insured FHA loans, government-insured VA loans for active-duty, retired and former military members, conventional home loans, rural housing loans, jumbo home loans, FHA 203K rehab loans, … More informaiton please visit here… Question by J: Why does my escrow account analysis show my balance as the full amount that I barrowed 3 years ago? I have an FHA loan and would like to refinance. I am confused as to how much I am refinancing for. Over the past 3 years, ampoule I have paid approximately $ 55, visit 000 in monthly mortgage payments. I know some of this goes to various insurances, escrow, ground rent (live in the city) etc, but wouldn’t I be refinancing for less than my original loan balance? Best answer: Answer by golferwhoworksprobably not since the first 15 years is mostly interest and very little goes to the principal Know better? Leave your own answer in the...
Read MoreI have a va home loan certificate for the amount of 30,000. Does the certificate serve as a down payment?
by Jon Haynes Photography Question by bobieduval904: I have a va home loan certificate for the amount of 30, cheap more about 000. Does the certificate serve as a down payment? I am looking to purchase a home, cheap and i am unclear about the certificate i recieved from the Veterans office. Is the certificate for a down payment. How do i go about using the certificate. And what is the max on a VA home loan Best answer: Answer by Busy Lil BeeGo to the Veterans Affairs website and enter your information it will give you the maximum loan amount. You nromally do not need a down payment with a VA home loan. Are you currently working with a VA Rep. on this and if so what have they told you about your situation? What does the VA certificate say exactly? Sounds like from what you have said – that VA Certificate would be your eligibility certificate. So when you are ready you bring that with you to the Bank or Mortgage Co. to get started with buying a home. A word of warning – VA can be very picky when they send in their experts to inspect the home you are bidding for. Expect that the older the home is – the longer the entire process is and it can be a big pain for both buyer and seller. Meaning if their inspectors (electrical, plumbing, etc.) see any possible needed repairs expect VA to demand those repairs be fixed before the deal goes through! Good luck! What do you think? Answer...
Read MoreQ&A: How do I find a guaranteed home loan for bad credit with no down payment and amount of loan not limited?
Check out these chateau pictures: CHATEAU DE SAUMUR Image by cloder100 Petit détour par le château avant le vernissage de l’exposition "Art & Moteur". Il fait bon et j’ai juste le temps avant qu’il ne repleuve….. If you would like to see far more houses click here… by Teemu008 Question by Lindsay: Any one file a foreclosure with First Mortgage Bank? I am considering foreclosure, medicine I want to know if anyone has foreclosed with First Mortgage Corp Bank. What happened and how long were you able to stay in your house for? Did they work with you at all? Thanks, tadalafil any help will do right now. Best answer: Answer by David MYou’re considering foreclosure? I don’t think you understand. It’s not your choice. It’s the bank who decides to foreclose on you. The foreclosure process takes a while so you’ll be in your home for a while. But all the while interest charges will accumulate and you will get deeper in debt. And if the proceeds from them selling your home does not cover your debt and the costs they incur, you will owe them the difference. Believe me when I say, foreclosure is not a good thing. You’re better off selling your home or working out something else with the bank. Add your own answer in the comments! Question by tchr614: Will “Home Affordable” plan help me avoid foreclosure in a divorce? My husband and I are divorcing. I am staying in the house, buy however, malady my husband will not contribute to the house payment. I cannot afford the payment on my income alone. We owe much more than the house is worth. Will the new “Home Affordable” program work for me, pills since I can afford 31% of my gross income? Or, will it be figured on 31% of BOTH of our incomes, since both names are on the loan? Best answer: Answer by dawnbThe home affordable program was frozen over a month ago and is no longer available. Know better? Leave your own answer in the comments! by jajacks62 Question by nikki: How do I find a guaranteed home loan for bad credit with no down payment and amount of loan not limited? I am trying to find a home loan that I can get that is guaranteed for bad credit regardless of income, cost no money down payment and amount of home purchase is not limited.. We started into this home with a land contract. We put all of our money into it and now they are selling it right out from under us in just a few days. This has been checked and is legal. Please give me an answer as soon as possible. Best answer: Answer by kja63Loan shark? Add your own answer in the...
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