Posts Tagged ‘zero down’
Thursday, March 25th, 2010
I will not have enough for a down payment. Yes, I know it is better to have one, but I do not, and desperately need to purchase my home. I am responsible and pay my bills on time, my credit is good my middle score is 692, my debt to income ratio is 36%. I want to get a loan to try to take advantage of the 1st time home buyers credit.
Thank you in advance for your answers. 
Perhaps you didn’t hear my question… please read the first sentence and do not answer unless you can advise me of some lenders that do offer zero down home loans… that is why I posted the question.
In addition my debt to income ration IS NOT HIGH and you are ridiculous for saying so, my loan officer today told me that my debt to income was perfect and where it should be… upon further investigation this website will explain it to you so that you can understand:
http://www.investopedia.com/articles/07/debt_to_income.asp
In addition, you are borderline disrespectful by saying that my debt to income ration is "extremely" high, please educate yourself before shooting off at the mouth. I would be curious to now how great yours is then! Sorry to go on a tangent I just want to know WHAT LENDERS OFFER ZERO DOWN FINANCING.
You know what, I asked a simple f’n question. Seriously! I should’ve have never supplied additional information b/c it is the biggest f’n distraction from my actual question. I am not an idiot. I am perfectly capable. My bf and I purchased our first home with a worse credit score than I currently have and got a great rate in 07′, also we have no problems saving money… in fact I have money to put down and would rather have it for reserve. I am only purchasing a small investment property under 80K. You guys are so full of yourself that you would rather answer questions like a f’n telephone operator that hates her job and quotes policy to annoy people. I am not applying for a long with you! I came to yahoo answers to get a f’n answer not a CREDIT COUNSELING SUPPORT GROUP!!!!!!!!!!!!!!!! I already own a home!!!!!!!!!!! I have for 5 years, and everything in my bf’s name so that I can buy my first home. DON’T RESPOND UNLESS YOU CAN ANSER THE QUESTION!!!!!!!!!!!!!!!!!!
Tags: 1st time home buyers, bf, credit counseling, credit score, debt to income ratio, debt to income ration, distraction, home loans, investment property, job, lenders, loan officer, saving money, tangent, telephone operator, time home buyers, yahoo, zero down
Posted in zero down home loans | 1 Comment »
Saturday, February 6th, 2010
Thinking about selling but I will walk away with practically nothing. Any zero down or 3% FHA left ?
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Tags: alamo city, auctions, canada, conventional loan, dear baby, dollar down, fha, fha home loan, fha loan, fha mortgage, loan comparison software, mortgages, patient zero, prototype, realtors, rental property owner, retirement, software escrow, zero down
Posted in zero down home loans | 1 Comment »
Thursday, September 24th, 2009
I bought a condo in 2007 for 0k with a zero down VA loan. My condo is currently underwater and i have been having a hard time making payments on my loan. Now, my company is relocating to Texas and i can not afford to keep the home even if rent it while paying for housing in Texas. If i foreclose on my home will the government come after my other assets to pay off the loan amount?
Tags: assets, hard time, relocating to texas, zero down
Posted in zero down home loans | 1 Comment »
Sunday, September 20th, 2009
I really feel like we made a mistake two years ago and bought too much house (we got a zero-down, 30-year loan, house 0K. But whenever I bring it up to my husband, it always ends up in an argument and we cant seem to understand each other. Every time I plug the numbers into the rent or own calculators on Freddie Mac, it always shows up that we could have saved at least ,000 over 10 years by renting instead of buying, and thats assuming the house goes up in value, what if it doesnt?. This makes me sick to my stomach because we work so hard for our income but just cant seem to hold on to it, and if we would just have kept renting, we would have been able to save up for a huge down payment and bought something more reasonable. Weve already had to put another K into the house (AC went out, needed new floors, new fence, etc), and weve only lived there 2 years, so if we were to sell in this economy, we would be out thousands of dollars, and we have no equity, and it would likely sell for less than our purchase price. I dont know what to do. My main question is, how can I bring it up to my husband in a non-threatening way so we can get on the same page, and my second question is, what should we do with our situation?
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Tags: 10 years, advanced math, c word, calculators, czech economy, economy, ecuador, fence, freddie mac, graph, imps, laundry, mistake, sick to my stomach, thousands of dollars, tool box, upsb, wrinkles, zero down
Posted in home equity loan calculator | No Comments »
Monday, September 14th, 2009
27 years old, married (wife is 23), no kids. My FICO score is 620. Combined take home household income of 00 per month (after taxes). Currently renting an apartment for 50 a month. I work in downtown DC so I cannot move to far away into the suburbs – must be metro accessible. I’ve heard a lot about renting being "throwing away your money". Should I do all I can to find a lender that will lend me money to buy a house or a condo? Would a monthly payment for a house or condo be less than I’m paying in rent at the apartment? Everyone says you must not wait to buy, and that renting is throwing away your money. Because of that, I’ve been thinking of getting a zero-down type loan, or even entering into an ARM mortgage….from what I understand it’s better to do that so long as you own and are not supporting a landlord. Is that true?
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Tags: arm mortgage, beac, census bureau, credit scores, debt consolidation, fha home loan, fha mortgage lender, fico score, household income, landlord, lease agreements, metro, money to buy a house, mortgage florida, mortgage loans, mortgage rates, ohio mortgage, poverty rate, renting an apartment, residential lease, savior lutheran, us census bureau, west palm, zero down
Posted in zero down home loans | No Comments »
Tuesday, July 7th, 2009
Is it possible to get approved for a 2nd home while 1st home is on the market or does it have to sell? Can we just tell them we are also considering renting it out or do we already have to have a renter in place? Also, if we do a short sale, how long would we have to wait before being able to get approved for a new home loan and would we be able to get a zero down?
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Tags: bank foreclosure, best car loan rates, car loan rates, clean car, equity basics, facing foreclosure, first time home, foreclosure homes, free renter insurance quotes, freefall, home foreclosure, home loan, home mortgage loan, home realty, loan borrower, loan equity, mortgage calculator, renter, renter insurance quotes, selling your home, short sale, tips for selling your home, zero down
Posted in zero down home loans | No Comments »
Monday, July 6th, 2009
Just heard on the news that the mortgage bailout our government plans will work like this. It will bring the payments down for homeowners who are in trouble of losing their homes AND it will buy up the difference between what is owed and the homes actual value.
So, MOST Americans were smart enough to understand the terms of their mortgages and were able to afford the payments of those terms. My homes value has gone down so far that, regardless of the 30% I put down, there is little equity should I choose to sell. This is the scenario of MOST people who bought new home in the last 5 years.
So, what about OUR home values? Who is going to pay to make up the difference in value for the responsible people who do not have mortgages that are at risk?
The result will be HIGH mortgage rates for years to come, for YOU, for OUR children and grandchildren and for those who saved for homes and have good credit and didn’t need the "zero down, no credit, no problem" loans to begin with.
Once again, irresponsibility and ignorance get rewarded every time.
I was being sarcastic. I have never been irresponsible with my finances but because some people were, I pay. Nuts!
*Freedom Rocks* actually they said interest rates will be very high "even for those with good credit"…..and yes, I worry about taxes as well. Scary. More scared for my children than myself. I’ll be fine. I don’t know about the furture……..
*jean jean* I’ve no problem helping the elderly but I do not know even one responsible person who lost everything. Not one.
Tags: freedom, furture, government plans, grandchildren, home values, interest rates, irresponsibility, jean jean, loans, mortgage bailout, mortgage rates, mortgages, responsible person, risk, rocks, zero down
Posted in american equity mortgage | 1 Comment »
Sunday, June 28th, 2009
I have a credit rating of 612. I am a first-time buyer and a female.
I am looking at a bank owned home for 3,500. What are my chances of getting a zero down loan?
I should mention that I am fresh out of a divorce and most of the hiccups on my credit report are medical.
I have an excellent debt to income ratio. Does this change anything?
Tags: credit rating, credit report, debt to income ratio, divorce, first time buyer, hiccups, zero down
Posted in zero down home loans | 1 Comment »
Saturday, June 27th, 2009
ok…i have a bank that will do a zero down home loan but the closing cost is like 4000…the loan is set up with the first 15 yr fixed and then next 15 not fixed..Is this better than a FHA loan with 3-5 percent down on a fixed 30 yr note….banker tells me that after 15 yrs ..i prolly will sell it or move anyway, which is prolly true…Banker tells me the "in-house" loan at the bank..which i believe means they will keep the title is a better move for me..but it seems that with 4 grand of closing cost i could have a FHA loan with a fixed 30yr note…which is better and why..i will sell this house in 10 yrs or so..the 100 percent loan is at 6.2 percent for the first 15 yrs.
Tags: closing cost, fha loan, home loan, quot, zero down
Posted in zero down home loans | No Comments »
Thursday, June 25th, 2009
What types of loans are out thier for first time home owenrs with good credit? The place that I want to buy is about 5 can I still get a zero down loan? If not what is the next best thing?
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Tags: 2008 scion tc, bad credit mortgage, bad credit mortgage loans, basketball game, blog archive, brooch, cast members, cheap lambo doors, coldwell banker, commercial loans, english news, existing home sales, family news, first time home, loans, market watch, prepaid debit cards, pro basketball, refinancing mortgage, scion tc, value zero, zero down
Posted in zero down home loans | 1 Comment »
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