FHA loan might work for you
Posted By: Mustang on 2009-06-10
In Reply to: Facing a tough decision soon (sm) - Looking for a new home soon
Your credit score can be lower than for a conventional loan and you can get into the house with a down payment of only 3.5%. But I don't believe you can have BAD credit--more like fair. If you have anything unpaid (old bad debt, etc.), then they'll make you take care of those before they give you a loan.
Telling you the appraisal from 3 years ago isn't right, and he knows it. Valuations are down practically everywhere and, depending on your region, could be down substantially. And this business of getting his friend to appraise the house is shady, too. You sure this guy is a good guy?
Lots of people got into big trouble by buying a house before they were ready financially to do so. Tread carefully.
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If your loan is an FHA-backed loan, you can contact the
to help you. Each state has one assigned to it by the FHA. I'm talking the FHA loans that are 5% down, sometimes bond money is available, etc. Not the one where payments are based on your income, etc.
Whatever you do, contact your mortgagor TODAY. Do NOT delay. Be realistic about what you can do financially to recover -- do not agree to terms you cannot realistically carry out.
You should have several options available to you before foreclosure is started. You might even try to do a quick sale of your home. You have until the very moment they auction that title off.
Try looking for information here:
http://articles.moneycentral.msn.com/Banking/HomeFinancing/FacingForeclosure9Options.aspx
http://www.hud.gov/foreclosure/index.cfm
http://www.hud.gov/offices/hsg/sfh/nsc/reliefop.cfm
Why can't you take the loan for the 50% they -
offered and then payback immediately what you don't need? As long as there is no payback early penalty that is how I would get around that problem, that is if I am reading and understanding this right.
we just had to ask our in-laws for $500 loan
they're like a bank to us ;)
we just had to ask our in-laws for $500 loan
they're like a bank to us ;)
we just had to ask our in-laws for $500 loan
they're like a bank to us ;)
No, they wont LOAN us the 50% (sm)
Not a single bank wanted to loan us the money unless we paid all kinds of points and had a ridiculous interest rate - and only 1 out of 10 said they would do that. The others turned us down flat.
I guarantee if I had half a dozen kids and was on some kind of government assistance we would qualify.
We will keep on keeping on, and hopefully something will change for the better.
thanks everyone for your responses.
Has anyone had experience with a consolidation loan?
gg
Stated Income Home Loan
I am a self-employed IC and have purchased 4 homes in 4 different states as a single person. I was able to obtain a Stated Income Mortgage based on my credit, rather than my W2. No tax info was used, needed or requested. I guess, if your income is needed along with your husband's to qualify for a loan, then you would need the W2 info. But as a single person you can obtain a home loan based on your credit and not your tax info. Also, if you don't have enough for a down payment, you can take out a "second" against the house you are purchasing to finance your downpayment. You will have a short-term payment for the downpayment and your 30 yr note on the home. I was also able to obtain very low interest rates based on my credit rating.
Good luck, I did have to provide extra documents when I purchased one home with my exhusband.
Providing references when getting auto loan
I have to buy a car and the finance company (Capital One) requires 10 references. I don't know this many people. Has anyone been in a similar situation...what did you do?
I have family, but do not want them to know that I am buying a car. Any advice?
Have you considered a home equity loan to
pay off all your credit cards?
I could loan you my husband for a week. I'm not frugal,
mm
single wide are only kind to depreciate; hard to get loan
nm
Guess he can take out a loan for future schooling! Son found a phone
s
Yes - does not work! Hoax if you ask me. MetaboLife doesn't work either.
The only thing that works for me is exercise and eating correctly! No quick fix, unfortunately.
You dont work for them, you work for YOU. If you
x
I TRIED to work, WANTED to work, but
So now I have to scramble for the rest of the week, trying to catch up on what I didn't do today. And of course, working today was in hopes of catching up on whatI didn't do last week. This job is a never-ending hamster-wheel of lunacy.
Everyone has to work once in a while!
Normally in this industry, you are paid an incentive to work "holidays". When I was in-house, I was offered a day off other than the holiday I worked, which was great. I was also offered to only work a 4 hour day, in-house. At home, you should also be given an incentive for those holidays! Some people think that Martin Luther King Day is more important than Christmas because they may celebrate Kwanzaa. Some people feel that April Fool's Day is important, so they are willing to work Easter. It goes on and on... There will be times in your life when you have to make a choice, "one day off" or a career in the "medical field". I would have to agree that we are important especially on those holidays. For example, most hospitals and emergent care units are staffed with one doctor, so it should really be only STATs you are typing. It is hard to "choose" when you want to be "sick". Hence, our salary!!!!!!! Most people will work all kinds of crazy schedules to accomodate their own lives, so why be so uptight about working Christmas because your employer requires coverage. On the other hand, this should be rotated amongst a pool of typists. I worked with a lady that would always volunteer for Thanksgiving (she had no family), so she could have Christmas off just to make us all mad! She'd say "well, I've worked the last 10 Thanksgivings, so I deserve Christmas off! It was so sad! Hmmmpphh! :) Good luck! Have a nice holiday (no matter how you spend it)! 
He did see my dog and work him up sm
and everything came back negative. I'm going to push him more on Tuesday when I call him. I like our vet a lot-have been using him for years with all of my dogs and so far he hasn't steered me wrong. I'm just not sure I want to wait much longer on getting him some medication. The poor little guy suffers so and it just scares the heck out of us. I mean, there isn't anything we can do but hold him and ride it out and just be there when he comes out of it. I just haven't had to deal with anything like this before.
Nah, I do it, too, the more I work, the more I do it.
on vacation, notsomuch!
Does this work?
testing
Both will work actually.
For people who want to learn about something, anything, Google is a great tool. If you want to get into semantics about it though, personally I have real-life, first-hand experience with these critters called OTTBs. That stands for off-track thoroughbreds. They live until their late 20's and sometimes into their 30's and that is rarely taken into consideration by the racing industry, who I feel should kick in a little cash at birth, for every single horse they register with Jockey Club, to ensure that these animals can be cared for, for the rest of their lives. Oh wait...that would put a crimp in the breeders bottom line though, wouldn't it.
I used to work
with someone who would say the quirkiest things. got on my nerves.
And I used to work with someone who had
a stick up their rectum and made everyone's lives mundane.
No, not every day and get this- I only work
part-time. She is always available when I want her to come over, can stay the night if I am working later, whenever I want her. You are probably going to start throwing rocks but my pay to her is anywhere from 50-75 dollars a day, depending on what she does, any extra things I have her do like cleaning the closets, putting up seasonal clothes, other than the regular clothes washing and the house cleaning (she does not iron on a regular basis but if I need something special, she would do that)- she used to cook for us but my hubby does that now. I DO NOT want to quit even my part time position- heck my husband might think I had the time to do housework too and ugh!!
Never during work...
I don't get that. They could buy a lot more if they only shopped on the off hours ;)
That might work if
He would actually go. I can only do so much to make him go. He is the most stubborn man in the world!!
It might work
to cover the parts of the couch they are scratching because cats tend to return to the same spot. If you cover the couch completely, they may go under the cover unless it's secured. If you prefer the cats stay completely off the couch, you could use Scat Mats. They give a little shock from a battery when touched.
Good luck. I've declawed cats before to save the furniture, and they never have the same muscle strength in their upper body after they lose the claws. I've switched to dogs because dogs listen, LOL.
I do work for PS and this is the one - sm
operation she does not like doing, says it leaves horrible scars. She does them but shows many before/after pics and actually has the patient talk to others that have had it done before she will do it for them. They go into it with their eyes wide open. So if you do get it re-done be prepared (that is if a Dr. will re-do you anyway).
How did that work
with insurance? I have one in my left armpit that really bugs me because it is so visible when I wear sleevless tops. My doctor told me that insurance would not cover removing it because it would be cosmetic purposes.
They do work, but -
You have to keep replacing them when their nails grow, or sometimes they just come off. I have all mine trained now not to touch the furniture. In fact, in the 25 years I have had cats I have never had a problem with my furniture being ruined (and I even have leather). I have scratching pads (both upright and the ones in the track ball cirle) that I keep supplied with fresh catnip that I grow myself. The cats LOVE it! They want to show me they are using the designated scratching areas because I always praise them when they do. Now, you need to put them in high traffic areas, not squirreled away some place your cats never go. Put them near the furniture, covered with fresh catnip. Then slowly transition the posts to another location, but put it some place the cats can easily get to. I bet it will work. Best of luck to you! :-)
that might work..
I do dearly love this cat and would rather move some place without carpet than get rid of him. The vet says that Maine Coon cats are supposed to be the easiest cat to train, so maybe it would be a matter of putting him in the crate at night until he got used to not having the food?
If you don’t work for MQ
then you are not allowed to post there. I see the posts coming in and I see no harm in asking that question.
Can you work in those?
NM
where do you work or are you an IC
I am just asking because its the opposite for me. Congratulations though. That is an accomplishment.
I wish that would work, but
my bank is merging with another bank this week, and they have gotten really strict about not crediting anything to your account after 2 p.m., even through the ATM. Until this week, I could make a deposit through the ATM until 8 p.m. and it was posted the same day. I did a "test" deposit this past Monday after 2 to see if I could trick the account, but it didn't work. I hate bank mergers.
I need overdraft, but I can't do anything about it today. All the offices were closed by the time I realized I was one penny short.
Thanks for the advice and keep the fingers and toes and anything else you can crossed!
Maybe they were getting work done
in the house and moved furniture out for that. Something like getting floors refinished. I worked with a girl who burned down her boyfriend's house because she locked it up tightly after they were working on it. The fumes filled the house and ignited from water heater or something. Besides I think insurance company would notice if there was no burnt furniture in the house.
I used to go to work at 5 but now
in my older years sleep until I wake, part timer, work 12-8 and absolutely love it, so much more energy than when I had to beat the keys 24/7.
Well, that might work for others however
I have the bird feeder sitting in front of my window where I work so I (as well as the furkids) can watch the birds- the squirrels get in a bush next to the feeder and make a flying leap. They don’t fool with going from the bottom up. By the way I feed all animals, be they birds or squirrels so doesnt really matter to me who is eating at what time.
Not sure if this will work -
Slide show of Cedric that DH made.
Maybe, just maybe, this would work -
Maybe you can embarrass them into calling first. Keep your doors locked, including the garage. Next time they show up unexpectedly, you and your husband hurriedly take off all your clothes and put on a robe, mess up your hair and answer the door like that. Then say, oh, sorry, we were just in the middle of something, now is not a good time. Just might work.........
I'm sorry your work is low
Hope it picks up. I'm loving today. All five of my doctors are out today so no work, but I still get paid to do nothing all day.
Don't know if this will work or not.....
Subject: Cookies!!!!
This will never work out this way-
that being your husband not backing you in what you need. I had g'children living with us for awhile and I told my husband (his g'children actually) then that even though we were not the parents, we had to work together as a unit because if not the child(ren) know the weaknesses and they will use them to get their way. Getting rid of my problem probably would not be helpful to you- I had the older girl leave (she had other g'parents in the city) and eventually the other 2 left. What a headache and I know the feelings about being made out to be the wicked person in this situation. I have lived that.
No work for me
I was off yesterday and today. I'm actually off until next Wednesday. I hope in spite of working, everyone had a wonderful holiday.
Work, work, work. That's about it.
Pretty boring, huh?
work and
Applebee's tonight - Easter play tomorrow night. Would be going hiking but we have rain. . Also going to watch UK basketball this afternoon . . and if they win, again tonight. .
trying to work some also
this weekend. take a break and take dogs for walk, maybe get a cup of java, and just relax later tonight :)
I think I work too much
:(
I work for the Q, too, though not for
long for the exact reason you mentioned - not making much money. We're also building a house, signed our contract yesterday. The price of lumbar may be down, but that must be about it. It costs almost double to build a house than it did 10 years ago. At any rate, I think you're right - he may be seeing it as rejection when you leave. Try talking to him when he's not upset and let him know you're going to be his partner for life, so he may as well clue in on things now.
It has nothing to do with her work.
Her Myspace is a personal page that is meant for her friends not her kids or clients. I know plenty of people that work with children, and it really doesn't matter what they do outside of work...as long as they're not doing it in front of the kids or telling them/you about it. She should have her profile set to private though, and then there wouldn't even be a question as you wouldn't see them.
Well I now work outside, and our
weather has also been 100 in the shade for 6 days in a row. Unfortunately I can't stay in the shade. Thankfully I had the weekend off, but it was 100 or more degrees today. Apparently a cold front is coming through and it may only get to 98 tomorrow. Up until this it had been the perfect spring. I think I'm the only person wearing sunglasses, and even when I have them on I keep thinking I need sunglasses.
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