we had a forclosure and bankrupsy in 04, and we wanna buy a house again.

I see this fund is close to it’s all time low. Is it worth buying now at $9/ share? or will it go down even more?

Ok, my dad just told me he was thinking about re-financing our home. I have always heard that this is something you don’t want to be doing. So can you please explain it, and if it is good,or bad. Thanks.

I am looking for a loan, between $25,000 and $50,000. I have about $28,000 in equity in my home, but b/c I am self employed and using bank statements to state my income banks are not willing to give me 100% of the equity more or less go above the 100% to give me the $50,000 I really need. Is there another way that maybe I can get a loan and use my home as collateral to get the money I need? Please only legitimate answers. Thanks

Example: If a home has a listing price of $85k, and comps in the area run $120, and it can appraise for $100k….

Would a lender support you to purchase the home at which above price?

Why am I asking? Virtually no pre-owned home has the fully wheelchair accessibility already there. We would need to widen doorways, roll in shower, support bars around bathroom toilet & wash area, open up area under sinks for legs, ramps in/out home, widen kitchen, make washer/dryer/utility room larger and other such items. We need to have some way of being able to ‘finance within the purchase’ the improvements needed.

What is the liklihood that a home (not trashed) would have such a dollar variance to work with?

I’ve thought of finding a home and putting an ad in the paper looking for a professional Real Estate “flipper” with experience, who would have guaranteed buyers w/those changes if he’d do the re-do.

Your thoughts & suggestions on this.
Thank you for your time!
091307 7:45
By the way – I’m in Texas, Collin County.

what about if I do not had any more the home goods I used for collateral…My Loans was 2 yrs ago.

My mortgage broker has suggested using a HELOC on our existing home to pay the down payment on a new house.
We own our existing home assesed at 70k with a small 15k home renovation loan.
We are looking at houses costing around 125000 so we would need about 25000 down.
We are assuming we can sell our existing home for at least 55000k on a fast track if needed.
We have good incomes so the 2 payments would not be a major problem short term.
Any advice on this matter?
Any pro’s and cons to look out for?

Thank you in advance for your time.
OK? So which is it?

FRAUD?

Or people Do it all the time?

I do not understand. Why is spending the money on a car or vacation ok…but usuing it for something REAL is not?

I’m buying a new home @700k. Existing house is paid off with a market value of $400k. New house will close by October, however, don’t think I can sell the old by then.

The plan is to put down 20% cash, close on the new.Once the existing is sold in a few months, the proceeds will go to pay off the mortgage. However, since it’s not enough the pay off, I may still be stuck with a huge pmt.

What will be a better way to do the financing?

1) Primary + 2nd mortgage: but most lenders stop offering the 2nd mortgage already
2) Interest only loan
3) Take out a line of credit on the existing then pay it off once house is sold.

Can some one give me some insight on this? Thanks.

Am I worrying too soon? I have an idea of what price I can afford to pay for my new home, but have a way to go finding the best buy for my money. There’s some time pressure; our home has sold already, and I have so many pets I cannot face the thought of a temporary home and the upset that moving to a new location will cause anyway. Once I identify possible targets when should I think about approaching a lender for a home loan? What will I need in the way of paperwork?prequalified? And when do I need to get pre-approved?

How are interest rates right now? Any good website to do some research on average interest rates given, housing market, etc.? Thank you.

Hi,

I am looking for a good software to manage my home finance. It does not need to be too powerful. I only have cash flow tasks and a simple summary or chart of my income and spending would help.

I was thinking QuickBook, any other good software you may suggest?

1. What if the loan is secured by home and not account balance?

2. Are company matching funds considered “elective deferrals”?

I had a question arise while doing a tax return and I am not sure about the answer.

Can you use the interest on your sailboat as a tax deduction as a 2nd home? They do sleep on it while docked as well as out to sea. The mortgage is not secured by their home loan.
The sailboat does have sleeping quarters, cooking facilities, and toilet facilities.

I am a single mom that suffered the loss of a home due to divorce. I want my own home again instead of renting. How do I find a lender that will give me a home loan, even though, my credit isn’t very good? How do I find a lender, who is willing to give me a chance to prove myself, again?

My wife and I have bad credit and we live and work at a homeless shelter and we really want to move to Oklahoma closer to my elderly Mom and Dad

most loans i have found are secured home owner loans

I am a Muslim based in Mumbai and in need of Housing Loan not involving interest. I need to know contact no. and address in Mumbai or anywhere in India of some firms which give housing loans on Islamic principle for property in Mumbai

I need to know how to go about financing a home that i want to build I own a lot free and clear in city limits and have a home plan that i would like Now i need to start preparing my finance and i don’t know where to start Please help