filtuse asked:


If any of you have hurt by mortgage crisis, could you please tell me your story and how do you handle your finance. How much percentage did your house’s price dropped? Is it affected your lifestyle?

Suresh P asked:


I own two condos one, I live the other I am renting out. Both dont have any equity yet. I already have 51% debt to income. I can still afford MXM 5K down including closing costs and tax prepayments. My interest is to buy foreclosures and sell after ~2 yrs. I am aiming at high end units that can currently be bought at ~200K but will apraise to ~350 in about 6mos. Is there a way to find finance in this situation.

2bright4u@sbcglobal.net asked:


The buyer for our home just backed out and we have to close next Friday on the house we had made an offer on. We don’t have enough cash on hand without our equity in this house to make the down payment. Is there anyway we can get a loan to make the down payment so we can move ahead with the purchase. I would rather not get a bridge or finance 100%.

Casper K asked:


Ok, this is starting to get rather confusing. I am looking to buy a home in a surprisingly cheap neighborhood. The house I am interested in purchasing is under $50,000. My credit qualifies me for a bad credit loan, but no one wants to finance for such a small amount. I am definately trying to live within my means and do not necessarily want to purchase a higher value home just because I can. Does anyone have any idea where I can finance such a house even though my credit is tarnished (but getting fixed due to multiple discrepencies)? I know there are different requirements depending on the state. My state is PA, and I am first time homebuyer.

maganda asked:


Hello. I am attempting to buy a foreclosure in San Diego that is a single family residence with a total square footage of 528. I was told it is difficult for banks to finance anything under 600 square feet. The house is in good shape but its tiny. I need financing asap since the bank already accepted my offer. Thanks.

Jim asked:


I live in Colorado and plan to purchase a home. Before I move in, I’d like to add two bedrooms and a bath. What’s the best way to finance this all at the same time?

toneykuhnz asked:


Me and my fiance have been approved for about 290,000 of financing (we would never finance that much). We are looking for homes that are about 110-145k. We live in Wisconsin where the homes are much cheaper than out west or in the big city.
What is your best advice for a first time home buyer on real estate agencies, financing, or just general advice? Thanks for your input, it is appreciated!

hopes2graduate asked:


Hello! I am wanting to buy a small well maintained mobile home and have it moved onto a small sized piece of land. I have 3,000 down and the land is a great deal. Who finances for mobile homes? I have decent credit and want to pay it off pretty quick.

Melissa B asked:


I cant afford to buy bigger house, but need more room for growing family. Only thought is to rent my house out and rent a bigger house. Have heard there is benifits of being able to claim on renovations to my house when its rented. But what about it also being another income. Would i really be better off? dont know who to ask??

drbob2k7 asked:


I am looking to buy one of a few flats I have seen that I am sure at least two wont go much above £25,000 – but you never know….

without knowing the actual amount I will need how can I get financing ?

any advice ?