And do you think they will come down hard?? I think it is ridiculous that house prices rise so fast. Surely the govenrment should do something about it.
160K loan
220K home price
25% down
Fico 800+
What rate do you think I can get for a home loan ?
Category
Business & Finance > Credit
With all this Northern Rock stuff?
Housing will probably decline slightly in 2008 and remain flat after that. There is no catalyst for a huge decline in housing. Employment is still fairly good in Northern California. Try an excel spreadsheet and see what you can afford w/ 30 yr fixed + property taxes. If you can swing the payments go for it!!!!!!
Houses with big backyards are RARE in NCAL. They just dont build them like that anymore. If you find one, go for it!
I have to say that my credit score is acceptable (635) but my husband doesn’t have any SS number and of course no credit.
So, I think that’s the reason this interest rate is kind of high.
WHat do you think?
Should we buy a home now or wait?
$50 for a 2 bed rm 1 to 1.5 bth rm, kitchen, dining rm, living rm
$60 for 3 bed rm, 1 to 1.5 bth rm, kitchen, dining rm, living rm
includes all basic house cleaning.. some extra $ would be charged for extras. I want to know if you think the basic price is good or not?
They have to do something about this otherwise more defaults are going to happen. Do you think they are going to create some breaks on mortgage financing, such as lowering rates and offering 50 year fixed loans, so many people are able to afford the payments. Or are they just going to let more borrowers go into foreclosure? If this continues to happen, we may see a depression coming in the near future.
I was looking at my property on zoopla.co.uk and was very upset to see that our house is valued at £30k less then what we paid for it 18 months ago (but i did know it was worth a lot less, its just difficult to see it in black and white!)
When do you think the market will pick back up again?
I mean, even in the depths of recession they are always banging on about the housing market on the telly, yet nobody ever vectors in the effect of a thermonuclear exchange on the property market, a risk that must be growing significantly in an ever more unstable world. I guess it comes down to which suffers the greater destruction, property or people. Certainly I don’t think that ‘ affordability ‘ or ‘ the feel good factor ‘ would any longer be part of the equation. What do you think ?
I am thinking of investing in the buy to let market – but is it already too swamped?
I am an Australian who has had the opportunity to invest in the US housing market. It is very cheap to buy, but am not sure if it is worth it and if it will increase in value over the next few years. Anyone have any advice/insight?
We have equity gained from a repayment mortgage, deposit plus the rise in prices since we bought our flat in SW London 3 years ago.
We want to move to a bigger property but I’m concerned that we will be buying at the very top of the market, and that interest rates are not too favourable right now.
Rents have been pretty stable for the last few years, and it seems a cheaper short-term option to rent until house prices drop. Is this advisable?
I mean, let’s face it, house prices in this country are pretty high compared to average earnings. There again, Britain has a pretty high opinion of itself considering it’s economy is fairly bankrupt, as are it’s morals. We carry more personal debt than the rest of the EU put together, the highest teenage pregnancy and divorce rates, yet still have the temerity to tell other countries how to run their affairs. What a cheeky country we are !!
As long as the dems are in power.Remember they hate wealth and success and love poor underachievers. It’s how they retain their power. Dependence on government baby! It’s the liberal way!
Whilst there is instability in the housing market and prices or at least the rise in prices may decrease, there is also an ever-increasing demand for housing driven primarily by low occupancy of existing housing (e.g. a spare room is now the norm and not the exception and a single woman in a flat alone is nothing to be surprised about).
If the alternative to saving for a deposit is to buy with a low-deposit mortgage provider or to borrow money to pay the deposit, then it is certainly advised that you save for the deposit as above all it gives a certain degree of evidence both to yourself and you lender that you are able to put aside money regularly and hence will be likely to meet mortgage payments
