- Jul 31, 2012
- 5,233
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They say raising the rates brings down cost of houses so they can compete. What blows my mind is them using the lower score if you cosign with someone.
Home Buying & Real Estate Thread
- Thread in 'General' Thread starter Started by TYE_The Time Traveler,
- Start date
- May 2, 2007
- 12,394
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Bring down the cost of homes??? Prices are the highest they’ve been in the past few years
I’ve been tracking down homes sold in the same area and houses have jumped up $50k-$100k in the last year alone
I’ve been tracking down homes sold in the same area and houses have jumped up $50k-$100k in the last year alone
- Aug 22, 2012
- 8,770
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In theory higher rates make it more expensive to borrow, thus driving housing prices down. As you mentioned, its not happening.
- Sep 22, 2003
- 957
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I work in the mortgage industry as a wholesale lender. I can help with questions you guys have. As far as the “no MI” with a LTV of more than 80%. You still have MI but it is LPMI= lender paid mortgage insurance, which means that you have a higher interest rate but no monthly MI payment. You can go with BPMI= borrower paid mortgage insurance, which gives you a lower interest rates but a monthly MI payment also.
With your DTI it can go up to 50% depending on your FICO.
With your DTI it can go up to 50% depending on your FICO.
- Feb 17, 2008
- 2,998
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Rates have to go up. If rates are going down then it's a sign the economy is going in the opposite direction.
Anyone here live in the PHX area and invest in properties? Gonna visit for 2 days next weekend and would like to network.
- Mar 2, 2013
- 2,303
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As long as rents are high. People who should be deterred will purchase anyway with high rates because it's "cheaper" than renting. Seems like in the Las Vegas market, banks, who still own a huge chunk of the market from foreclosures along with investors, are controlling the supply to keep rents high. I dont have any proof of this however.
- Aug 22, 2012
- 8,770
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It should be noted that the mortgage crisis happened when the prime rate was around 6.25 if I recall correctly.
- Dec 19, 2013
- 10,478
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interest only loans is what killed everyone.
Looking at a craftsman in Los Angeles, but it's on a dead end with the freeway in front of it. Gorgeous house but for 850k it's a turn off.
Looking at a craftsman in Los Angeles, but it's on a dead end with the freeway in front of it. Gorgeous house but for 850k it's a turn off.
- Jan 4, 2014
- 9,115
- 13,942
The complex I live in has a 2 br 2 bth unit for sale for dirt cheap. Does need upgrades but just from living here it looks like they have no issues renting these out. Really interested just don’t know where to start
- Aug 19, 2015
- 8,321
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What's it listed for and what could you rent it out for?
- Jan 4, 2014
- 9,115
- 13,942
- Apr 12, 2011
- 4,903
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How much is the hoa fee?
What shape are the financials in on the complex? If they need to spend money on a roof or the common areas do they have reserves?
What shape are the financials in on the complex? If they need to spend money on a roof or the common areas do they have reserves?
CrownRoyalDaddy
formerly tdoggy57
- Nov 12, 2015
- 4,729
- 2,985
When i go on credit karma i see offers for mortgage ****. Make it look like i can save $200 or so a month
I havent really looked into it deeply but i just bought the crib a couple months ago...im assuming its way too early to be looking at **** like this
I havent really looked into it deeply but i just bought the crib a couple months ago...im assuming its way too early to be looking at **** like this
- Jun 13, 2002
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- Dec 19, 2013
- 10,478
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House Hunting sucks in Los Angeles.
Goes up, pending a minute later. UGH!
Goes up, pending a minute later. UGH!
- Sep 30, 2012
- 13,538
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Closing on a home soon, and my mortgage will be with Quicken. They told me if I can give them a name of someone who currently has them, I can get $750 off closing costs. Anyone currently have them that wouldn’t mind using their name? Everyone that I’ve asked personally doesn’t have them.
- Mar 14, 2011
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Check your PM
- Sep 23, 2000
- 2,062
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This pretty much sums up my situation. I currently reside in Westchester County as well and looking to own within the next few months but the way prices are increasing, it's getting difficult. I want to stay in Bronxville, where I live now, but the Condo/Co-op prices are high, not to mention the maintenance fees. Luckily, there are several first time homeowner's programs that are fruitful. The one I'm going to use offers up to $25K for Westchester County residents.
- Apr 12, 2011
- 4,903
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Good Luck I sold my coop in mt vernon in april. Love bronxville but like you said its a bit pricey. Great location though
- Jul 27, 2012
- 1,563
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For the work, total remodel. Opened up the living room by knocking down a wall so we can take advantage of the view right when you walk in. Hardwood floors throughout. Retiled the fireplace w/ stacked stone. New kitchen and appliances and added a pot filler for a subtle detail. Built a brand new 50ft deck in the backyard with views of downtown SD and ocean. Added wood slats in the front of the house to add curb appeal and also did landscaping with drought tolerant plants. Master bath features dual shower heads, stand alone tub, his & her faucets, and a safe in the master closet. Whole house was wired for turning it into a “smart house” via iPad which is wall mounted in the living room.
This has become one of my favorite builds to date. Even my wife asked if we can move into it. Lol.
- Feb 21, 2002
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^^ House is beautiful man, nice work. Where is that?
- Jul 27, 2012
- 1,563
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Thank you. Neighborhood of Del Cerro.
- Feb 6, 2010
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- May 17, 2011
- 4,061
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Where we out to fam? What's the alternative for us NYC residents? Everything's overpriced and no where near affordable.
Los Angeles
formerly bright nikes
- Apr 11, 2004
- 23,240
- 4,927
Oh man that deck 
