Which areas in CC are ';good'; for buying house up to $250K and which to stay away from? School districts: which one is better? Big shopping malls: are there any in CC?Corpus Christi: buying home in good area?
Your price range is very doable. Corpus is a spread out city and picking a neighborhood will depend on your work location. Has all the big city amenities. Suggest you contact a local Realtor there to guide you. Downtown area close to Shoreline Blvd has quaint older homes within walking distance to the sea wall and has all the central tourism features plus close to shopping, major medical and the best schools. Bay area has many converted weekend type homes with piers, good schools and malls. Very laid back and summers are entremely hot, humid and mosquito filled. Wonderful fishing, cultural events and close to Padre Island, Port Aransas. Always something to do and the folks are super friendly.
Sunday, August 22, 2010
Unsure what to do about buying home.?
i have rented a home for the past year my landlord is intrested in selling to me. i do not have good credit. how do rent to own homes work? are these homes already preselected by banks for rent to own? could i do my house as a rent to own?Unsure what to do about buying home.?
read a bookUnsure what to do about buying home.?
Talk to your landlord. If he agrees he may apply your rent payments as a down payment and when you have enough equity, you could apply for a loan and pay the landlord off. An agreement would have to be drawn up spelling everything out. An attorney should be consulted
A rent to own is usually with the original owner holding the mortgage and title until the property is paid for. This should still be done with a lawyer's know-how. A payment schedule can be set up with a current interest rate applied. Banks usually don't have too much to do with it, since the owner holds the mortgage. However, beware, there could be some downfalls. If you default on payments, you could forfeit the purchase of the home, and all money paid would not be refunded to you. Also, some holders of the title make a stipulations that you can not do any home improvements or alterations to the property until the mortgage is paid in full. You will have to decide at that point if you want to wait the term of your mortgage (maybe up to 20 years) before you do any major remodeling. The terms and conditions should all be worked out legally with a lawyers advice.
I doubt that's what your landlord has in mind. If you were living in a rent to own house (which i have never heard of) then he would have told you up front...nobody would pay their mortgage for somebody else.
He wants to sell it to you. If you get a good mortgage rate and a good deal on the house there is a chance you will pay about (probably a little more) what you are paying in rent.
Talk to your landlord.
ok read the first 5 answers and they are all over the place, pay attention:
1. pay all rent by check, keep copies of the rent checks front and back of cancelled check showing paid on time as agreed, RECEIPTS DO NOT CUT IT, whether its this property or any property, mortgage brokers will help you with what is called a rent receipt program,
2. be sure you have a signed lease/option to purchase that has been in effect for minimum one year
3. be sure it states a sales price, and what you want to try to negiotate is a price less than the appraised value of the home. there fore you will have some equity in the property value when you go to conclude the purchase.
4. maintain good credit, scores must be at least a minimum of 600 for this program with no charge offs or collections in the past 12-24 months, no bankruptcys, foreclosure, or repos allowed.
5. dti debt to income should not be over 40% of monthly income, this means car payments, credit cards, principal, interest, property taxes, and homeowners insurance cannot exceed a total of 40% of gross monthly income, say you make 2000 a month 40% would be 800, does not involve utilities, food, clothing, etc, ie. when you take out car payment 200 a month, credit cards 100 a month, property tax 100 a month home owners 60 a month ur left with 340 a month for which you wont buy much maybe 35-40000 house. Figure $7.00 per thousand per month with good credit as a payment principal monthly, good luck, by the way i do not know of a bank that will do a rent to own situation, this is mostly handled by secondary lenders through a mortgage broker, be carefull, lots of them are scam artisteyeliner eye application
read a bookUnsure what to do about buying home.?
Talk to your landlord. If he agrees he may apply your rent payments as a down payment and when you have enough equity, you could apply for a loan and pay the landlord off. An agreement would have to be drawn up spelling everything out. An attorney should be consulted
A rent to own is usually with the original owner holding the mortgage and title until the property is paid for. This should still be done with a lawyer's know-how. A payment schedule can be set up with a current interest rate applied. Banks usually don't have too much to do with it, since the owner holds the mortgage. However, beware, there could be some downfalls. If you default on payments, you could forfeit the purchase of the home, and all money paid would not be refunded to you. Also, some holders of the title make a stipulations that you can not do any home improvements or alterations to the property until the mortgage is paid in full. You will have to decide at that point if you want to wait the term of your mortgage (maybe up to 20 years) before you do any major remodeling. The terms and conditions should all be worked out legally with a lawyers advice.
I doubt that's what your landlord has in mind. If you were living in a rent to own house (which i have never heard of) then he would have told you up front...nobody would pay their mortgage for somebody else.
He wants to sell it to you. If you get a good mortgage rate and a good deal on the house there is a chance you will pay about (probably a little more) what you are paying in rent.
Talk to your landlord.
ok read the first 5 answers and they are all over the place, pay attention:
1. pay all rent by check, keep copies of the rent checks front and back of cancelled check showing paid on time as agreed, RECEIPTS DO NOT CUT IT, whether its this property or any property, mortgage brokers will help you with what is called a rent receipt program,
2. be sure you have a signed lease/option to purchase that has been in effect for minimum one year
3. be sure it states a sales price, and what you want to try to negiotate is a price less than the appraised value of the home. there fore you will have some equity in the property value when you go to conclude the purchase.
4. maintain good credit, scores must be at least a minimum of 600 for this program with no charge offs or collections in the past 12-24 months, no bankruptcys, foreclosure, or repos allowed.
5. dti debt to income should not be over 40% of monthly income, this means car payments, credit cards, principal, interest, property taxes, and homeowners insurance cannot exceed a total of 40% of gross monthly income, say you make 2000 a month 40% would be 800, does not involve utilities, food, clothing, etc, ie. when you take out car payment 200 a month, credit cards 100 a month, property tax 100 a month home owners 60 a month ur left with 340 a month for which you wont buy much maybe 35-40000 house. Figure $7.00 per thousand per month with good credit as a payment principal monthly, good luck, by the way i do not know of a bank that will do a rent to own situation, this is mostly handled by secondary lenders through a mortgage broker, be carefull, lots of them are scam artist
Should Congress pass a law defining the family? Then start programs to help young family's,buy homes, cars,
and schooling for their kidsShould Congress pass a law defining the family? Then start programs to help young family's,buy homes, cars,
yesShould Congress pass a law defining the family? Then start programs to help young family's,buy homes, cars,
Hell no!
no. government needs to stay out of the personal lives of its citizens
Shouldnt they first define a person and the right to clean water, sanitation, health care and education first??
No. a family can be any group of people that come together in love and respect for each other, support each other and are committed to maintaining the relationship.
how much do you want government intruding into your life?? i , personally, don't think the government should have the right. Red China has defined to its people what a family should be and punishes the families that don't conform by fining them, taking away privileges, etc.
No, I think that job belongs to parents.
No. Why would congress make it harder for single people to get these things? Congress should really do something about the budget defecit, and the fact that the dollar keeps falling in value against the euro. Then, to preserve democracy and keep us from falling back into a feudal system, they should stop accepting bribes. Did i say bribes, I meant ';Corporate Campaign Contributions.'; After they accomplish that, then they can debate the merits of making it harder for single people and the elderly to buy homes than it is for young families.
yesShould Congress pass a law defining the family? Then start programs to help young family's,buy homes, cars,
Hell no!
no. government needs to stay out of the personal lives of its citizens
Shouldnt they first define a person and the right to clean water, sanitation, health care and education first??
No. a family can be any group of people that come together in love and respect for each other, support each other and are committed to maintaining the relationship.
how much do you want government intruding into your life?? i , personally, don't think the government should have the right. Red China has defined to its people what a family should be and punishes the families that don't conform by fining them, taking away privileges, etc.
No, I think that job belongs to parents.
No. Why would congress make it harder for single people to get these things? Congress should really do something about the budget defecit, and the fact that the dollar keeps falling in value against the euro. Then, to preserve democracy and keep us from falling back into a feudal system, they should stop accepting bribes. Did i say bribes, I meant ';Corporate Campaign Contributions.'; After they accomplish that, then they can debate the merits of making it harder for single people and the elderly to buy homes than it is for young families.
Where can you buy home decor related to being a pilot?
I'm married to a pilot and want some cute things to put in our new house! There has to be somewhere that you can get anything from shower curtains to doormats related to the airline industry.Where can you buy home decor related to being a pilot?
Most online pilot shops have a section for general home decor (wall clocks, props, wall art, bar glasses, lamps, throw blankets ect). Search for ';pilot store';.
These sites are some of the best:
http://www.boeingstore.com/
http://www.aviationposters.com/
http://www.wingsamerica.com/
http://www.historicaviation.com/
This link has a lot of decorator items, including a shower curtain, but it is not a jet. It's an old fashined style aircraft- http://www.patchmagic.com/style_pages/Ai鈥?/a>
Also try the airlines own in house store. Every carrier has at least a small company shop. You may find some nice collectables to display there.Where can you buy home decor related to being a pilot?
As an interior decorator, when I have a client that wants to use themes in a home I always advise them to use it in moderation. You may want to put in neutral items and then just add in a few themed things such as a pillow or a model plane on a shelf, or some wings as a tieback for the curtains. The best place to find things like this is at the airport in the gift shops. You can also find some things at Ross and Marshalls. Don't overdo it, but have fun decorating your new home.
Most online pilot shops have a section for general home decor (wall clocks, props, wall art, bar glasses, lamps, throw blankets ect). Search for ';pilot store';.
These sites are some of the best:
http://www.boeingstore.com/
http://www.aviationposters.com/
http://www.wingsamerica.com/
http://www.historicaviation.com/
This link has a lot of decorator items, including a shower curtain, but it is not a jet. It's an old fashined style aircraft- http://www.patchmagic.com/style_pages/Ai鈥?/a>
Also try the airlines own in house store. Every carrier has at least a small company shop. You may find some nice collectables to display there.Where can you buy home decor related to being a pilot?
As an interior decorator, when I have a client that wants to use themes in a home I always advise them to use it in moderation. You may want to put in neutral items and then just add in a few themed things such as a pillow or a model plane on a shelf, or some wings as a tieback for the curtains. The best place to find things like this is at the airport in the gift shops. You can also find some things at Ross and Marshalls. Don't overdo it, but have fun decorating your new home.
Where can I buy home furniture online at affordable price?
I'm trying to purchase online some furniture for my apartment but I don't know what site should I logon to do so; Can I find some good deals compare to in store shopping?
Thanks for your answers.Where can I buy home furniture online at affordable price?
Shop at Directly Home, also they have 10% off coupon at http://www.coupon-code.biz/Home---Garden鈥?/a> to save some moneyWhere can I buy home furniture online at affordable price?
i found a great place to buy furniture online its very reasonable
and has some great products www.theonlinefurniturestore.co鈥?br>
hope this helps.
The internet is a wonderful place to find deals on furniture. Try this site if you like modern furniture.
http://www.bigmodern.com
Craigslist!
Try:
http://www.homelement.com
or for more: http://www.efurnituresale.com
craigslist.org or recycler.com
Thanks for your answers.Where can I buy home furniture online at affordable price?
Shop at Directly Home, also they have 10% off coupon at http://www.coupon-code.biz/Home---Garden鈥?/a> to save some moneyWhere can I buy home furniture online at affordable price?
i found a great place to buy furniture online its very reasonable
and has some great products www.theonlinefurniturestore.co鈥?br>
hope this helps.
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The internet is a wonderful place to find deals on furniture. Try this site if you like modern furniture.
http://www.bigmodern.com
Craigslist!
Try:
http://www.homelement.com
or for more: http://www.efurnituresale.com
craigslist.org or recycler.com
Is hotpropertyinturkey.com good web site for buying home abroad?
I want to buy a holiday home. Is this web site is good for buying:
http://www.hotpropertyinturkey.com Is hotpropertyinturkey.com good web site for buying home abroad?
does sound good, do I have to change religion? not that it's a hassle - but I just want to come as I am...
http://www.hotpropertyinturkey.com Is hotpropertyinturkey.com good web site for buying home abroad?
does sound good, do I have to change religion? not that it's a hassle - but I just want to come as I am...
I bought home last year. I wonder what expenses from my escrow closing statement are tax deductable?
I know, points I paid, interest I paid and property tax I paid druing year of 2007 are tax deductable.
However, while buying the house, I also paid, inspection fee, appraisal fee, notary fee, county tax, escrow fee, underwriting fee, hazard insurance, title fee, processing fee etc.
I wonder if any of those are tax deductable?
Answer and insight to this will be greatly appreciated.I bought home last year. I wonder what expenses from my escrow closing statement are tax deductable?
All of those fees are added to the cost (cost basis) of the home. That means that when you sell, you will have less of a taxable profit - although none of it will probably be taxable. (Unless they change the tax laws) They are not deductible.
So save that stuff for the future.
However, you can write off the interest you paid and points (if it is not on a 1098 Form already) and the property taxes paid, as you already noted.
This IRS should be mighty helpful:
(It is IRS Pub 936, Home Mortgage Interest Deduction)
http://www.irs.gov/pub/irs-pdf/p936.pdf
And this is an easy read:
http://www.countrywide.com/purchase/hb_t鈥?/a>
Congratulations on the purchase of a new home!I bought home last year. I wonder what expenses from my escrow closing statement are tax deductable?
No, the other fees you mention aren't deductible.
If you are paying PMI you can deduct that.
C.P.A. time...call one and relax that its being done correctly and most important nothing was missed on your behalf!
During tax season about a month ago, I saw a lot of ads for two different computing systems that did your taxes for you. The one branded Turbo Tax had all the deductions. It is probably available in Office Depot or Best Buy.
However, while buying the house, I also paid, inspection fee, appraisal fee, notary fee, county tax, escrow fee, underwriting fee, hazard insurance, title fee, processing fee etc.
I wonder if any of those are tax deductable?
Answer and insight to this will be greatly appreciated.I bought home last year. I wonder what expenses from my escrow closing statement are tax deductable?
All of those fees are added to the cost (cost basis) of the home. That means that when you sell, you will have less of a taxable profit - although none of it will probably be taxable. (Unless they change the tax laws) They are not deductible.
So save that stuff for the future.
However, you can write off the interest you paid and points (if it is not on a 1098 Form already) and the property taxes paid, as you already noted.
This IRS should be mighty helpful:
(It is IRS Pub 936, Home Mortgage Interest Deduction)
http://www.irs.gov/pub/irs-pdf/p936.pdf
And this is an easy read:
http://www.countrywide.com/purchase/hb_t鈥?/a>
Congratulations on the purchase of a new home!I bought home last year. I wonder what expenses from my escrow closing statement are tax deductable?
No, the other fees you mention aren't deductible.
If you are paying PMI you can deduct that.
C.P.A. time...call one and relax that its being done correctly and most important nothing was missed on your behalf!
During tax season about a month ago, I saw a lot of ads for two different computing systems that did your taxes for you. The one branded Turbo Tax had all the deductions. It is probably available in Office Depot or Best Buy.
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