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All Locations : Nationwide Real Estate Advice

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Activity 508,132
A few minutes ago
Cynthia Loppe answered:
The only way to get an accurate answer is find a lender and allow them to complete a DYI (Debt to income) ratio scenario on your situation. That gives you the most accurate answer as to how much of a loan will be extended to you. 2nd income is only used if you've been on the part time job for at least 2 years. With your two incomes combined and your wife's; that's $6,200 per month. With zero debt, your chances of getting approved are good. Just depends on you & your wife's credit and other factors. Talk to a loan officer for the best advice/answer. Best of luck to you! ... more
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A few minutes ago
Ayqwasi answered:
Ben, your answer, as you indicated, is the short answer for the question. On a more complex level, we have to look at the opportunity cost of parting with 20% down payment versus, say, 5%. True, you save on PMI each month when you come up with a bigger down payment. But for the savvy and disciplined buyer, you can evaluate what you can get by investing the amount saved from the lower 5% down payment vs giving it up to save on monthly mortgage. Depending, on your tax bracket, the cost of your decision to pay a lower down payment is partially offset by the tax break you get for your mortgage interest. Thus, if you are a disciplined saver, you can come out well ahead in the end by paying a lower down payment and investing in the stock market both the saving on the down payment and the tax benefit of paying a higher mortgage interest expense on your bigger mortgage. ... more
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A few minutes ago
Mitch Teal answered:
Paint self applied is the most cost effective and beneficial if money is tight. If you have some financial resources that can be applied prior to listing and sale, look for your most needed area. Damaged items from excessive or abusive prior use (flooring, blinds, etc.) may need to be addressed first. Kitchen quality will frequently sell a home to the decision maker. ... more
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A few minutes ago
lisa benson answered:
i am a female living in a 2 bedroom apartment. can my son in law, daughter and 3 grandchildren move in with me legally. there are 2 girls and 1 boy. i live in big rapids michigan
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A few minutes ago
Alan May answered:
You're asking us to predict the future. I don't look good in colourful scarves, and my crystal ball hasn't worked for at least a dozen years.
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A few minutes ago
Alan May answered:
There are programs for first-time homebuyers. Talk to your local lender, and they'll be happy to fill you in on the requirements to qualify for a first-time homebuyer program, and what is available. ... more
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A few minutes ago
Alan May answered:
While they're out there, they're pretty rare. Most conventional loans require a minimum of 3 - 3-1/2% down from the borrower. It's not like it used to be for your parents when they had to put 20% down.

Call a few local lenders and talk to them about your situation. Good luck.
... more
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A few minutes ago
Kellyanntressler asked:
A few hours ago
Steve Brannigan asked:
A few hours ago
Jm581 answered:
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A few hours ago
Josephggar asked:
A few hours ago
Tim Denny asked:
I submitted all my documentation to get pre qualified. Lender has my FICO score 661, w-2's, and pay stubs. Should I be concerned?
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A few hours ago
Reynaldy LaPorte asked:
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