How does 100% financing work for buying a home? Good idea?

Dec 272011
 

I am a teacher. I was reading my union newspaper and I see a lot of mortgage/lending companies that offer such things as 100% financing and low interest rates. Is this something worth me considering to buy a home?

Also, I am married and my husband works as well (he’s not a teacher). I do have student loan obligations and a few credit card bills and little savings. We are currently trying to better our financial situation and save more.

We are moving to a new place in the next 8 months (rent or buy- whatever we are able to do at the time). If we rent, I know the payment will increase by 300-400 a month since we are getting a bigger apartment. If we can get a mortgage, then I really don’t know….. Anyway, help me out?

First Time Home Buyer — Who to Go to for Home Mortgage?

Dec 232011
 

I’m looking for a bank or mortgage broker to finance my first home. I don’t have much to put down, but was told that some banks would provide 100% financing. (I know it’s better to put something down). I have good credit, 0 debt except for a student loan. Who are the better companies to deal with in this area.

How much of a mortgage do you think a person living in ATL with a $50-60,000 salary can afford?

Dec 032011
 

Here a little more information

Living in Atlanta, Georgia
No Carnote
student loan of $ 3,000 at 5% interest rate
No other debt

taking out a 20,000 student loan?

Dec 022011
 

okay so i was wondering if i can take out a $ 20,000 loan through fafsfa because im going out of state to go to college living in minnesota going to montana state university and the financial aid lady there said that 8,000 is the most i can get with out the 20,000 dollar loan there asking my parents to pay to which it would be imposible to do so i was wondering if it was possible for me to just take out a loan that large with out huge interest rates and are totally safe like the stafford loan and such
note: im not elligible for grants, and am working on scholarships i just need a safe way of going to my dream school with out screwing my parents.
also i was wondering if i decided to go to a different college would the amounts of financial aid be any larger then montana state is offering or is 8,000 sadly the ceiling for the federal amount everywhere.

What is a good way to get a mortgage loan for a first time home buyer with bad credit?

Dec 022011
 

I have paid off all delinquent things on my credit report and all I have on there is my carnote and my student loan which are both in good standing. I still have a low credit score which is what is damaging me right now. Any suggestions of lenders or companies that can assist me with purchasing a home?

Should I Pay off my Second Mortgage or My Student Loan?

Dec 022011
 

Hello – Since interest in the bank is only .25% these days, should I pay off my second mortgage on my house or pay off my student loan?

I live in Florida. The house that I purchased is now worth $ 40k less than when I bought it. My student loans are $ 30k and my second mortgage is $ 30k. Interest on my student loan is 1.625% and my second mortgage is 8.125%. I save several thousands each month and I fully contribute to my 401k.

I understand that Florida is a full recourse state so my thought was that the student loan should be top priority for paying down despite the fact that the second mortgage is at the higher interest rate.

What is a good debt relief company?

Dec 022011
 
Debt Relief
byadriansalamandre

I just graduated school and racked up $ 8,000 in credit card debt. Luckily, I avoided the whole student loan mess, but I really need to get control over this lingering debts. I have heard good and bad things about debt relief companies. So i was just wondering is someone could direct me in finding a legit company. Also, any info on debt relief is much appreciated.

SR 24 The Fed’s Secret Loans

Dec 022011
 

www.STILL2012.com During the debate about raising the debt limit, the GAO quietly released a stunning report that the Fed between 2008 and 2010 made over trillion in secret loans to banks, both foreign and domestic, including an trillion loan to the European Central Bank to keep Europe afloat.
Video Rating: 4 / 5

Upcoming Screenings: June 7-9 2011 in Chicago @ NCTC National Conference: Mapping the Future, Center For Economic Progress tax-coalition.org Default: The Student Loan Documentary is a 27 min. documentary chronicling the stories of borrowers from different backgrounds affected by the private student lending industry and their struggles to change the system. The documentary is now available for advanced screenings. If you would like to show Default: the Student Loan Documentary in your community, email us at [email protected] Become a fan of the film at: www.facebo… Sign up for updates at www.defaultmovie.com
Video Rating: 4 / 5

finally reached the 7 yr mark on CO Amex acct

Dec 022011
 

Should I send a letter to all 3 CRA’s reminding them that my DoFD was 7 yrs ago and to please take the item off of my report?

rebuilding credit
byMark Lincoln

I have my utilities which of course help, but i have heard a credit card is the best way to rebuild credit. But with my credit being not real good, no one will approve me for a credit card. I feel like i am chasing my tail in circles.

I just recently paid off all my past credit card debt. I paid off one student loan (expect the interest) and i have one student loan still active. I noticed my credit score went up, but i am still being denied. How long does it take to completely clear off my debt and how soon should i apply for credit so i can “rebuild” my credit. And do bad credit ever go away?

Student Loan balance exceeds originally borrowed amount. Fico effect?

Dec 022011
 

Hello! I have never been late with my student loans. My loan is in current and never late status. However, due to having past aproved forbeadances and deferrments, my balance may soon go over originally borrowed amount. Will this negatively affect my fico credit score or I am fine making minimum payments? Thanks!

student loans
byChristopher S. Penn

Rich Diesslins Funny Religious Light Cartoons - Test of Faith at Seminary in the Form of Student Loans - Coffee Gift Baskets - Coffee Gift Basket

Test of Faith at Seminary in the Form of Student Loans Coffee Gift Basket is measuring 9x9x4. Contains 15oz mug, BONUS free set of 4 coasters, biscotti and 5 blends of gourmet coffee. French Vanilla, Kenya AA, Decaf Colombian Supremo, Chocolate and Italian Roast Espresso elegantly presented in our signature black planet coffee gift box. A very nice and thoughtful gift for any occasion.

List Price: $ 54.99 Price: $ 54.99

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