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Still needing 2 homes owner financing. Daughter and hubby can pay 1,500 down on a 2 bedroom and up to 375 a month. We can pay 2,000 down and up to 450 a month for 3 bedroom. Needing by mid Feb. Needing to be in town to help my elderly Mom who has a few...
Started by Mimmi on
, 20 posts
by 10 people.
Answer Snippets (Read the full thread at topix):
1
No home for you keep your tax refund and buy a trailer home....
Daughter and hubby can pay 1,500 down on a 2 ruined now you expect some body to carry you my thoughts exactly .
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Our mortgage is about 4 years from being paid off. The maturity date has moved up from what it would have been since for years I've paid extra principle with every payment.
As we built equity in the house we took out a home equity line of credit to use...
Started by Rich-L79 on
, 14 posts
by 10 people.
Answer Snippets (Read the full thread at chevelles):
I think that since you paid most of the interest on the mortgage in the beginning, you're paying mostly principal now .
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Question 1: Let's say you have $500K in non-retirement investments. Let's say your cost basis in them is ~90%. Would you liquidate $400K for a downpayment, or does that sock you in the gut way too hard?
Question 2: Let's say you need to finance $800K ...
Started by volenti on
, 12 posts
by 8 people.
Answer Snippets (Read the full thread at thenest):
You can always refinance if rates stay ....
Stick with it.
3.875% is historically AMAZING.
No one can predict the future.
Split the mortgage.
A non-conforming jumbo at 4.5%?! How will our economy ever recover?
Leaving that aside, I will answer #2 for you .
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Asalamou Alaykoum,
Does anyone know of a TRUE/ permissable Riba-free home financing institution?
I know many claim to be riba-free, but actually make you sign a traditional mortgage.
Any info on this (especially from the sheikhs) would be s awesome!!!...
Started by umm.Muhammad on
, 4 posts
by 2 people.
Answer Snippets (Read the full thread at almaghrib):
Aqib, I was trying to answer this question.
Anyone know of a TRUE/ permissable Riba-free home financing institution? If I understood it correctlygoogle Lariba & salam financing..
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I am reviewing our home improvement loans and I found several that were not put on our LAR. I have listed the loan purpose below, will you let me know if these would be considered HMDA reportable?
- collateral=bare farm land, purpose is to build a barn...
Started by MSMITH10 on
, 5 posts
by 3 people.
Answer Snippets (Read the full thread at bankersonline):
If there is a dwelling, it too would fall as home improvement internally....
Scenario #2: I assume a dwelling, it doesn't sound like a home improvement loan.
Separate call class codes, etc.) these types of loans as home improvement.
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Anyone recommend a good company to help with financing a new boat and to handle all the coast guard documentation paperwork? Any other tips in financing a boat would be helpful as well
Started by TheSaltyDog on
, 19 posts
by 19 people.
Answer Snippets (Read the full thread at thehulltruth):
I would never recommend them thou! If you own your own home have you tried.
Was so mad and embarrassed by this kid I really wanted someone’s job over .
From a dealer so I just used their financing.
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We are looking at one of two comparable properties for purchase (within a half mile of each other, same schools, about same age).
Property 1 is listed about $100k lower and is about 800sqft larger, however the property requires a fair amount of work (...
Started by ajayc on
, 6 posts
by 4 people.
Answer Snippets (Read the full thread at redfin):
You can always budget in the sexy stuff is wanting or needing... .
Make double dang sure you have a top-notch home inspector.
Of course, that's depending on how large the home is, what.
There's anything close to $100k in work at Property 1.. .
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Who are you guy financing your boats thru?My bank will do boat loans but not a lot so I don't know if they have the best rates.
Started by elim on
, 16 posts
by 13 people.
Answer Snippets (Read the full thread at ifish):
Check with your tax package together, if appropriate look....
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What can I expect right now regarding financing a second home purchase in the Panhandle? Would be looking for a 30 year fixed loan.? I am curious about what banks are allowing right now. The home would be used as vacation rental property. Is there a minimum...
Started by Doug on
, 4 posts
by 4 people.
Answer Snippets (Read the full thread at trulia):
My wife Ellen....
Yes, you are correct if you put less than 20% down you would have PMI .
BEST ANSWER Doug, The max ltv for a 2nd home would be 90% ltv.
BEST ANSWER What you describe is not a second home, it's an investment property and requires.
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I am trying to calculate the costs for buying a rental property and I don't know where to look to get a ballpark interest rate. It would be for someone with high credit scores and 25% down seems to be the norm on rentals. Anyone have a link ?
Started by reallyalldone on
, 4 posts
by 1 people.
Answer Snippets (Read the full thread at fool):
It did qualify as a SECOND home, for the same downpayment, and actually got me a REDUCED interest rate since it was a second home, not a rental, for a renal home....
Underwriting as either a primary home or as a rental home.
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