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Home Buying

Parent Category: Home & Garden
For most people buying a home is one of the biggest financial and lifestyle decisions they will ever make. This category could possibly help assist you in making an informed decision about that purchase, so before you decide to buy a home, make sure you're ready by checking out some of the answers in this category.

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It was sold to an Indian Businessman for 35 Million
You will add money to the principal in your first payment. It will  be a small amount, but that is when you start. Your statement  should show how much the bank puts toward principal and how much  goes toward interest. Over time, more money will be applied to the  principal. You can also make an...
== Answer ==     Frist mortgage seasoning requirements would be determined by the terms of your loan documents. Some lenders allow loans with no restrictions, others have requirements that would limit your ability to obtain secondary financing or re-financing for a specific amount of time. ...
A condo is very much like a duplex. It is one house made into two. A townhouse is different because they are just single houses against each other.
The most expensive property in the world is a 27 story, 400,000  square foot skyscraper home. It is owned by Mukesh Ambani and it is  in Mumbai, India.
734.4' x 160' = 3.4 acres
  NO. A first time means just that. The purchase of a house is your first time purchasing a house.
As a home inspector, I can tell you that it will broaden the way that you view buildings. I see problems that can be resolved with design choices all of the time. However, this knowledge could be gained by other means. You can check in your state,because I am sure that they have a certification...
  Then the husband is the sole owner of the property. Unless it is specifically written in the husbands Will (if he should die) the property belongs to him and him alone.
Before repaying the borrowed home equity, you should make a proper  plan. Firstly, review final amount you have to pay before the end  of your draw period. Planning should be done at least a year before  the exact repayment date. Start accumulating the money to repay  from different income...
Production homes (100+) can be constructed for $75/SF - Standard sized home with average finishes can be built for $150-$200/SF
If you were to take out a home equity loan and pay for the mortgage recording tax, it would be deductible and the IT-256 form must be used to claim it.
Generally, but there are limitations and qualifications. See the related article for more details.
The size of a city lot will vary depending on location. The  standard size of a city lot is 25 feet wide by 100 feet in depth.
In Nova Scotia, the average cost per square foot for building a new  home averages between $130 to $150. This estimate is based on a  finished general living area and does not include a basement or  attached garage. If you wish to add a basement, this will average  another $50 per square foot,...
200 per sqrt ft with installation
  It depends on if the seller has a realtor or not.   If the seller does have a realtor then they will handle all the paperwork.   If the seller does not have a realtor then they need to contact a title attorney and they are capable of handling the selling process.
    More than likely, you will be able to qualify for an FHA with 3.5% down. They don't focus much on your score versus other items such as your income which seems pretty decent. Good luck.
The key to repairing bad credit is to write a properly formatted credit repair letters to one or all of the credit bureaus and send them out via registered mail.
Depends on the area, but generally about $110-$120 per square foot to custom-build a home.
  Make an offer that includes a contingency of sale of existing house by a certain date.    Buy an option to purchase the house (take it off the market) for a modest fee, to expire in a short time.    Borrow a bridge loan to cover payments on both houses until you sell the one you...
It is hard to qualify for a mortgage with a Fico score of 567. Most  lenders, including FHA, require individuals to have a minimum Fico  score of 580 to qualify for a mortgage.
If a family has a daughter that is afflicted with Rett Syndrome  prenatal testing is available. Testing is also available for  sisters of girls with Rett Syndrome. Rett Syndrome is a genetic  disorder and nearly all cases are caused by a mutation in the MECP2  gene. Less than 1% of cases are...
You could take out a mortgage on a second home to payoff the mortgage on your primary residence if you have sufficient equity. I guess the question would be, why would you want to do that?   Generally, you are going to get better terms on a mortgage for an owner occupied residence vs. a 2nd home...
In 1938, the average cost of a new house in the United States was  around 3,900 dollars. This figure is just a little more than twice  the average annual income at that time.
Antilla in Mumbai, IndiaPrice is $1,000,000,000 (one billion dollars)27 stories high, 600 servants(Information from Bankling.com)If you wish for something more modest, Donald Trump's home is only $125 million. Might be a good starter home before upgrading to Mumbai!
You can purchase a home loan through CHFA with a Tax ID or Social  Security Number. However, some form of credit should be established  or alternative credit payments of at least 24 months must be  established to obtain a home loan.
All states have different requirements. Best way to answer is to call your states Real Estate Division or Association of Realtors. Either of these should give you the specific answers for your state.
They work for whomever needs the inspection and has the money to pay them. Maybe you should not hire one that the real estate seller recommends. Where are you going to find an honest one? Good question. Who hires the most home inspectors? The buyer, seller, or real estate salesman? I think the...
You can rescind your real estate listing agreement at any time.This is usually listed in your terms that you sign with the agent.
The average sizes are 10 x60 and 12/60
  With this high credit score you can get a mortgage a lot earlier, if the purchase price of the property supports the appraisal or vice versa and your income supports the future payments.
No. California does not have a statewide system that can show you which county is accepting applications. Each jurisdiction within California, as with most other states, has its own housing authority which maintains its own waiting lists.
  A letter of release stating that the mortgage is paid in full.
  Yes, but the existing mortgage (and interest on bridge loan) will be a factor in the points and interest on the new mortgage, as the initial risk to the lender is higher. 
  You would need to be eighteen, or you would need to have a buyer who is currently eighteen in order to make it legal.
  Depending on many factors.   Cookie cutter FHA loans can take a few days for a full approval.   Manual Underwrite FHA may take 1-2weeks depending on how much documentation is required.   Average turn time with most FHA lenders is 2weeks just to look at the file (04/11/2008)
  Yes, you can get a mortgage. The amount of the mortgage will depend on the overall financial picture of the property and what you can show to a lender that demonstrates the monthly payment you can afford.
  No, you do not need to have a fifty-percent loan to value ratio to refinance. There are many many loan programs that will allow you other ratios and consider an overall financial picture of the situation so that you can refinance.
For a good overview of the items, systems and components that arereview during a home inspection you can google "Home InspectionStandards of Practice". This document explains exactly what is, andmore importantly what is not, included in a typical homeinspection.
Yes, a civilian can assume a mortgage of a Virginia property. In  order to get a loan for a property in Virginia, the person must  have a credit check completed. If they have good credit, their  chances of being approved for the loan are higher. If they have bad  credit, the bank or loan officer...
When I took the Real Estate Exam in Texas there were 25 questins per section. There are 4 sections. The Brokers Exam has 5 sections with 25 questions per section. Essentially for the Salesman's exam in Texas the exam has 100 questions. The Brokers exam has 125 questins. But it depends on other...
25 lakhs............if more do not buy$70,000
There many opportunities worldwide where you can buy a island.Caribbean is one of best places.
The book is called "Scratch Beginnings: Me, $25, and the Search for the American Dream" by Adam W. ShepardAmazon Link:http://www.amazon.com/gp/product/0061714275/ref=as_li_tf_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=0061714275&linkCode=as2&tag=40nort-20
No matter how long your home lingers unsold, you can comfort yourself that at least you're not Mark Twain.The celebrated author put his Hartford, Conn., home on the market for $60,000 in 1901, according to biographer Fred Kaplan. Despite repeated markdowns, the elaborate house failed to attract a...
  A detached house is one that stands alone without being attached in any way to another building. A semi-detached house, therefore, is one that only partly stands alone as it shares one common wall with another house. Houses that are joined to others on both sides are called row houses or...
Why not? Is it cheaper than a two?
The average construction cost per square foot for building a house  in Chicago southwest suburbs is 2,520 square feet, which assumes a  two-story structure. This places the construction at $117 per  square foot.
Refers to how much you pay for a unit of energy. When talking about natural gas, 1 unit = 1 CCF. When talking about electricity, 1 unit = 1 kiloWatt.
  It depends also on the amount of income added.   If there are 2 borrowers on the loan, and they have 6 scores.   Borrower A 600, 550, 500. The lender will use the middle score 550   Borrower B 700, 750, 800. The lender will use the middle score 750   When there are two borrowers,...
150 x150 = 22,500 / 43,560 = .5165 acres
  You should get a line of credit, or at least "approved" for a loan. Even if you don't go with a particular company for the loan, at least get them to agree that they will give you a loan for some amount of money (I would recomend a higher amount than you are acctually willing to take a loan...
100 x 2 = 200 / 43,560 = .0045913
No you don't have to if you can find a better rate someplace else you can go there. Its just the person that pre-approved you isn't going to like you very much because he lost a commission. :) but that's their fault if they couldn't give you a better rate...
  You need information on real estate, mortgage financing, home-repair, property management, and legal issues relating to real estate. This article below will give you great place to start: http://www.helium.com/items/942662-multi-family-think-multi
Amerigo Vespucci was a good man and a great guy he was born in 1454 and as he grew Amerigo came to understand how important this trade was. christopher Columbus was telling people his plan and they started to laugh Amerigo Vespucci thought it was a good plan did I also tell you that he had a brother...
The good here is you can choose what you want and how you want it!You get to live in them....yay?
The term "subdivision" is pretty understood; a "lot line change" is less clear. If I understand the situation, however, and there are some facts missing that would help, the main difference is where the local subdivision/zoning ordinances (laws) require a full subdivision (plat and all) in a...
Difficult to answer this as it necessary to know the supermarket used. Because they vary from 4000SQ feet to 25000sq feet for the real big multinationals
  It all depends on the sells price of the house your looking at purchasing.
There is not a big different between a house and a villa. A villa  is a house but not vice versa.
Absolutely. FYI, I'm a loan officer not a Realtor. Just wanted to make sure you know I'm not biased.
You can do either, but some credit sources place limitations on theminimum amounts / minimum percentages that they will loan.
There is no way of knowing. How much plumbing is involved, where is it located in the house, what has to be done to access it, what are you replacing it with?
aproxomately $9999.00
  Technically, you could probably qualify for a home loan with any credit score, but the worse the credit rating the worse terms you'll qualify for and the more you could end up paying in interest rates, loan insurance, points, etc.   Before requesting a mortgage, try cleaning up your credit....
If it is a regular sale negotiation, the potential buyers will not know for sure what other potential buyers have offered for the property. Offers can be kept confidential between the buyer and lender, unless either party wants to disclose to another person the amount of the offer. Thus, there is...
Well, you can go to a site like www.rent.com or www.forrent.com, but i find the best way to do it is to check out www.craigslist.com, they have a ton of people looking for roomates as well as listings for apartments and condos and houses etc...       Checkout http://www.apartmentlinks.com...
Answer . If your copies of your mortgage documents don't show all the details of your transaction and you don't understand the resulting costs then start by calling your Attorney General's Consumer Division. They should be able to direct you to the proper authority for help.
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Different places can have various restrictions when it comes toforeclosure. However, in Florida you can miss 3 payments and thenthe foreclosure will start.
As an acre is a measure of area, it can be any shape, but if it is a rectangle its width and length can be any size as long as width x length = 4840yds2 = 43560 ft2, eg 1/2 ft wide by 87120 ft long, 1 ft wide by 43560 ft long, 2 ft wide by 21780 ft long, etc. An Acre was originally the amount of...
37.19 acres (2700x 600)=1,620,000 ft/43560 (sq ft to an acre)=37.19 acres
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Foreclosures can be removed from your credit report like any other negative item. You must dispute it to the credit bureaus. The credit bureaus will have 30 days to verify the foreclosure or it must be removed from your credit report. With the higher amount of foreclosures lately you have a better...
Anyone can buy a house in the UK if they have enough money.  However, they may not be able to obtain a mortgage to buy property.
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You have to go to the jarl of whindhelm,solitude, whiterun and riften depends where you want to buy and ask what you have to do when you have done it you go to the jarl's stewerd and buy house after you have bought the house it will be empty press buy decorations and pay for them WARNING : for the...
it is the spring that gives us fresh water if we do not watch what we throw into our springs we will have polluted water in our future
what are the disadvantages of smart house
  the first mortgage is collateral for the second mortgage.
  Divide feet by three to get yards. So, it's 145.2 sq. yds.