louisebova asked:


I will most likely have to pay $200 or more to cover the mortgage every month. Does it pay to hold onto the house until the market gets better and I could sell it without losing money?

Roland

Gennie Goose asked:


Hi! My husband and I are trying to move to Arizona in the next year and buy a house. This will be my first home. We both work full time jobs in California now. Any home loan advisors out there? Can you tell me how I can get approved/pre-approved for a full 30-40 year home loan when we have not yet gotten new jobs in the state we’re planning on moving? One thing I heard is if we plan to rent out the property, then we can get approved for a loan. Please help!

Gilbert

amanda asked:


I’m buying a small starter house with my sister.
My credit is in the mid 700s and my sister has only had one credit card in her name (paying off monthly).
We have about $15k in savings.
I work part time, she works full time but only $7-8 an hour.
I’m fairly certain the payment will be less than the $555 rent I am paying now by myself, plus we will be gaining equity.

How was your experience purchasing a home?
I have a credit union, will rates be cheaper there?
What and how much fees will be involved? Inspector? I will not have a buying broker, but they are selling thru a realtor. Do I need a lawyer?

Please let me know the good and bad things you have encountered while buying your home. Thanks!

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wink asked:


I’m getting a divorce and eventually moving out, and I don’t really want to throw money away on rent. I’m thinking of buying a mobile home (because they’re inexpensive) but was wondering if I can get a full 30-year mortgage on one, so I can keep my payments as low as possible? (And no mobile home jokes, ok??)

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