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FIND YOUR DREAM HOME OR APARTMENT

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23Comments
Jan 9, 2014 8:55AM
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What a joke.  I guess we are heading for life in Cuba if this is the best advice we can get.  Must be the same people who are telling us who to vote for writing these articles

 

Jan 8, 2014 11:11PM
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Lava? Might as well list polar bears in the yard too.
Jan 8, 2014 7:28PM
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1 man 1 year of labor and sticks stones........Nah be enslaved by bankers for 30 years.
Jan 8, 2014 5:27PM
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what a bunch of b.s. are you tellin me I cant get a loan for my new summer cottage in the lava flow?  Heat is free what more do ya want.
Jan 8, 2014 5:05PM
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Must have never bought a house in new York State. Appliances are not included in abut 99% of the sales..... mmm FHA and the banks do not mind here.
Jan 8, 2014 4:01PM
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Is this a joke?  I mean come on, what is this? Mortgage lessons for kindergartners?  Every single item listed is a total no-brainer.  If anyone who is currently looking to make a purchase and doesn't know that termites and lava flows are negatives....well then you really need to just stay where you are (probably in your parent's basement) and forget about the idea of becoming a home own. 

Jan 8, 2014 3:34PM
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Banks like to undervalue your home on the appraisals as well, they don't want to loan you money at the low rates, they will look to add on fees or percentages. I had refinanced approximately two years prior, put $60 grand into a new kitchen, extended and enclosed a back porch making it part of the kitchen, all new SS top of the line appliances, tile floors, a covered tech wood deck and a single car garage in the back yard. The refinancer appraisal was lower than two years prior before the upgrades. Not only did they have errors in their appraisal such as listed a single car garage (not the one I put up but an existing one) and it is a two car, listed vinyl siding and it is steel. They really blatantly screwed the proverbial pooch, me being the pooch. I ended up refinancing elsewhere after that bank stole my $500 up front fee, outright theft. And yes I am well aware of home values in our area and they were stagnate to a bit lower, not 40% lower. So make darn sure you have your 10% or whatever your banks requirement is and then some. I guess they don't like loaning at low interest rates what they loan for free.
Jan 8, 2014 1:33PM
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I live in lava zone 2 - it's ridiculous trying to get loans.  One has a better chance of getting hit by a hurricane or tornado than we do of lava yet I don't see anything about the banks refusing to loan money to people in these parts of the US.
Dec 26, 2012 10:59AM
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NACA Anyone?

 

If you have been one of those hanging your hopes on buying a home or modifying your mortgage through a dubious group calling themselves NACA.  Beware!  They hold these revival type meetings all around the country giving people false hope.  They end up wasting months, sometimes years, of the time of hapless applicants.  Check out the websites talking about NACA - the horror stories are all the same.  Find hope elsewhere...

Sep 9, 2012 5:58PM
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my mom sold her house after my dad died,she went on to build two other homes but neither felt like home.thebuyersof her original home went bankrupt then the next buyers went bankrupt also.the second owners did alot of damage to the house.my mom bought back the house and its fixed except for carpet and kitchen cabinets.shes moved in and doing a rent to own giving the buyers twenty one months to get financing to buy the house.they had a contract drawn up on it.my mom has a credit score of eight hundred,never in fourty five years has she been late on a house payment. she cant get a loan for half of what the house appraises for.our  great leadership in this country making more regulations disgusting isnt it.         
Sep 9, 2012 3:06PM
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You forgot to add number 11.....being to stupid to breath.  How does anyone think you could borrow money  for a mortgage with a home having these problems? If you do then maybe you would like to by a bridge from me.....it's cheep!!
Sep 9, 2012 2:34PM
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I got to tell you I live in Northern Michigan and had no problem refinancing my manufactured home with my local credit union this summer, went from 6.75% down to 3.9% and with only an extra $27 a month, I will have my home paid off in 15 yrs instead of the 30 yr. So I have nothing but high praises for my credit union. I have to add my credit score is 796 and I simply tell them at my credit union if I can't get the terms I want, I will move my banking to another c.u. or bank  if they cannot accomodate me, and I am very polite as well when I tell them that, and I have had no problems what so ever over the yrs.
Sep 9, 2012 10:56AM
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You forgot to mention manufactured homes.  Even on a solid foundation, with >2000 sq. ft.,  all of the ammenities, and all of your own teeth....you are still a second-class homeowner......no one will refinance.
Aug 18, 2012 10:50AM
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just currious which of these requirements seem unreasonable to you?

termites areok?  maybe a crumbling foundation?  in the path of a lava flow?  on the side of a hill with a mud slide?

i mean really 90% of the homes in the country you think fall in thiese catagories?  its a sad country you think we live in.
Aug 14, 2012 4:00AM
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Looks like they took 99% of the properties in California off the market. One other nonqualifier: unrealistic expectations of home price appreciation. As far as the rest of the country goes, it looks like 90% of the homes in the U.S. won't qualify without some extensive work.

Good luck trying to sell your house now!

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