My husband and I are in the process of buying our first house. We are long time renter (8+ yrs), living in Oakland, CA. Our new house will also be in Oakland, CA. Our combine gross income (before tax) is about $100K. What are the available credit/benefit (city, state, federal) that we qualified?
You would only qualify for the state credit, which is 10k, nothing for Oakland.
we live together, we own a house together, we have shared bank accounts etc…
so a break up would be difficult and will require us to be on speaking terms if its gonna go smoothly. I don’t even know if a break up is what I want I just need a change I hate my life as it is atm….
I love him and don’t want to hurt him but we’ve both been saying lately how we feel like we jumped in too quickly and similar things like that.
we have a lot of the same friends and I don’t want them to be stuck between us, oh and his best friend lives with us as a border…
The only thing I can think of atm is I move out, get new bank acc’s but continue to transfer him the 1/2 the mortgage repayments and the rates bills….it’ll be quite a stretch but I think I can manage that…
But as for actually breaking up with him? I’m so stuck I don’t even think I could go through with it, but I’m hurting him so much by being with him and always upset…
help?
I’m 22 and hes 25
yeah he said the other day that he loves me he just wishes we’d started dating now, not 3 years ago… and I agree… :/
if you’re unhappy…you have to do what’s best for you. and in the long run it’ll be best for the both of you…that would eat him alive if delayed that forever and just hid those feelings.
think about it from an outside perspective…if you have joint ownership with a spouse…is that any reason to stick together? you guys should be together because you love each other’s company and want to be with them all the time (with a few bumps in the road of course). constant unease with someone you live with means exactlyyyy what you said…time for a change.
do your thing for a little bit, and see what happens. you’re probably young, life’s short, do what’s best for you and ask questions later.
we are first time home buyers in ca. the asking price is $269000. in the temecula area. our fica score is 757. my hubby can get a VA loan (ex military) but what is the difference Between that and a conventional loan? the most we can put down is 5%. is that realistically possible? what would our monthly payment be like? how low of an offer should we make without insulting the seller? any help would be greatly appreciated. we are so..oo..oo. lost. thank you all
First of all, it’s a FICO score (Fair, Isaac & Co. developed the magic algorithm that tells how credit-worthy you are).
Secondly, VA and FHA loans require much less down. Some VA loans are available with 0% down. FHA loans generally require at least 3.5% down. FHA loans with less than 20% down come with a MIP (mortgage insurance premium) which is just like PMI (private mortgage insurance).
Payment on a loan of $260,000 at 5.25% interest rate over 30 years is $1435.73 for principal and interest. Add in estimates for homeowner’s insurance, mortgage insurance and real estate taxes at ~$100 per month, ~$150 per month and $325 per month respectively, and your estimated payment is $2015 per month. The real estate taxes are a real wildcard though – I used taxes of 1.5% per year based on value, but I’ve seen anywhere from 0.5% to 4.5% in my years of owning houses…
Your offer needs to be based on comparable sales in the area. The list price of $269,000 could be low, fair or high. You need accurate comparables before you decide on what to offer. If the $269,000 is low or fair, then you should offer something close to that. If it’s high, offer a fair price and give them your comparables as a way of backing your offer price.
good luck!
I want to buy a new Scion Xb 09. This car would be purchased on my husband’s name because his credit score although it’s low 636 it’s much better than mine of 585. The dealership is offering a 6 yrs $360 a month finance plan but that’s way too much interest on a car of $17,000. At the end of the 6yrs I would have paid over $25,000 in total. We tried to get a loan of 15,000 with our bank ( of america) and suntrust but both banks denied. We’re both in college, but we have full time jobs, and we don’t pay rent or mortgage because we live on one of his dad’s properties. Where else can we go ? Where can we go for a loan with lower interest rate ? Oh and our down payment would be of $2,000 to $3,000. Please help with any suggestions this is the first time we’re doing this so we’re kind of clueless….
Maybe it’s nature’s way of saying you don’t qualify and shouldn’t take a loan at this time.
http://www.brokerforyou.com/brokerforyou
First time home buyer credit has been extended & expanded. Bob Schwartz with www.brokerforyou.com is a San Diego real estate broker w/30Yrs experience.CA Lic.#00706331 This is very general opinion on the government first time buyers program. Talk to your tax advisor for full details prior to taking any action. Visit Bob’s San Diego real estate market blog at:
http://www.brokerforyou.com/brokerforyou
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Loan officer Dan Green talks about mortgage markets and real estate, covering topics including (1) FHA mortgage insurance premium changes, effective October 4 2010, (2) The end of low mortgage rates and the Refi Boom, and (3) Why you can’t use the 10-year U.S. Treasury as a proxy for watching mortgage markets. Dan is based in Cincinnati, Ohio and blogs at http://themortgagereports.com
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http://ventureloanapp.com Refinance your Eden Prairie home, Fannie, Freddie, Refi, FHA, VA, Conventional, Making Home Affordable, HARP. Home loan programs, Real Estate, First Time Home Buyer loans. Call Venture Development for the program that will help you refinance your Eden Prairie home in this deteriorating market. Declining values are making it hard to refinance. There are new programs that will help the home owner who is on time with their payments. More programs will be coming soon for Subprime and JUMBO.
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The Rognes talk about their experience with getting their loan refinanced. Although there were hurdles and difficulties, the process went smoothly and quickly when they worked with Bill Tierney of Heritage Home Loans in Spokane, WA.
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http://www.robertwhorner.com Learn about jumbo loans and how to get the one that is right for you!
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http://your-dallas-refinancing.blogspot.com/