Comments for We Buy Houses http://www.webuyhousesvideos.com We Buy Houses News and Help... Sun, 05 Feb 2012 16:52:50 +0000 http://wordpress.org/?v=2.5.1 Comment on What is your take on the government’s £50,000 discount on ‘right to buy homes’? by J A S http://www.webuyhousesvideos.com/we-buy-homes/what-is-your-take-on-the-governments-50000-discount-on-right-to-buy-homes#comment-17519 J A S Sat, 31 Dec 2011 10:39:05 +0000 http://www.webuyhousesvideos.com/we-buy-homes/what-is-your-take-on-the-governments-50000-discount-on-right-to-buy-homes#comment-17519 They steal them from you when you have finished your working life and cant pay the rates anyway<br><b>References : </b><br> They steal them from you when you have finished your working life and cant pay the rates anyway
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]]> Comment on What is your take on the government’s £50,000 discount on ‘right to buy homes’? by Back to the drawing board http://www.webuyhousesvideos.com/we-buy-homes/what-is-your-take-on-the-governments-50000-discount-on-right-to-buy-homes#comment-17518 Back to the drawing board Fri, 30 Dec 2011 23:26:18 +0000 http://www.webuyhousesvideos.com/we-buy-homes/what-is-your-take-on-the-governments-50000-discount-on-right-to-buy-homes#comment-17518 It's £50,000 maximum, so not everyone would qualify for that amount, it goes on length of tenancy. I have never thought selling off council homes was a good idea, the government is saying the sales will fund affordable homes, not social housing, affordable homes for rent means 80% of market rents.<br><b>References : </b><br> It’s £50,000 maximum, so not everyone would qualify for that amount, it goes on length of tenancy.

I have never thought selling off council homes was a good idea, the government is saying the sales will fund affordable homes, not social housing, affordable homes for rent means 80% of market rents.
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]]> Comment on What is your take on the government’s £50,000 discount on ‘right to buy homes’? by Insist n knwng m bls lvs Meagan!... http://www.webuyhousesvideos.com/we-buy-homes/what-is-your-take-on-the-governments-50000-discount-on-right-to-buy-homes#comment-17517 Insist n knwng m bls lvs Meagan!... Fri, 30 Dec 2011 21:49:11 +0000 http://www.webuyhousesvideos.com/we-buy-homes/what-is-your-take-on-the-governments-50000-discount-on-right-to-buy-homes#comment-17517 The fundamental mistake is that a house is somewhere to LIVE IN not an investment opportunity? House price inflation is not all governments fault. It is though speculation - you buying a home to improve to sell on for profit or buy to let. It all causes - unnatural - price inflation. ppl re-mortgaging during the "boom years" and thus creating massive personal debt is why we are in this house price doldrums. There should be a time limit on buying a house and selling to slow down price inflation. In my opinion the housing market should not be part of the british economy! and the condems scheme for help for right to buy will further peddle the myth everyone can be a home owner - - humbug ! Sorry for being a bit melancholy. Happy new year!<br><b>References : </b><br>would-be economist ? The fundamental mistake is that a house is somewhere to LIVE IN not an investment opportunity?

House price inflation is not all governments fault.

It is though speculation - you buying a home to improve to sell on for profit or buy to let. It all causes - unnatural - price inflation.

ppl re-mortgaging during the "boom years" and thus creating massive personal debt is why we are in this house price doldrums.

There should be a time limit on buying a house and selling to slow down price inflation.

In my opinion the housing market should not be part of the british economy! and the condems scheme for help for right to buy will further peddle the myth everyone can be a home owner -
- humbug !

Sorry for being a bit melancholy.

Happy new year!
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would-be economist ?

]]> Comment on What is your take on the government’s £50,000 discount on ‘right to buy homes’? by Dean http://www.webuyhousesvideos.com/we-buy-homes/what-is-your-take-on-the-governments-50000-discount-on-right-to-buy-homes#comment-17516 Dean Fri, 30 Dec 2011 21:29:28 +0000 http://www.webuyhousesvideos.com/we-buy-homes/what-is-your-take-on-the-governments-50000-discount-on-right-to-buy-homes#comment-17516 It's 50%, not £50,000.<br><b>References : </b><br> It’s 50%, not £50,000.
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]]> Comment on Do i have to have downpayment saved to buy house? by Bill http://www.webuyhousesvideos.com/buy-my-house/do-i-have-to-have-downpayment-saved-to-buy-house#comment-17513 Bill Tue, 08 Nov 2011 17:51:56 +0000 http://www.webuyhousesvideos.com/buy-my-house/do-i-have-to-have-downpayment-saved-to-buy-house#comment-17513 Yes you will need a down payment plus closing cost as well as the other financial qualifications. If you are a veteran and qualify for a VA loan you might not need the down payment but will still need the closing cost. Good Luck<br><b>References : </b><br> Yes you will need a down payment plus closing cost as well as the other financial qualifications. If you are a veteran and qualify for a VA loan you might not need the down payment but will still need the closing cost. Good Luck
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]]> Comment on Do i have to have downpayment saved to buy house? by the kid http://www.webuyhousesvideos.com/buy-my-house/do-i-have-to-have-downpayment-saved-to-buy-house#comment-17512 the kid Tue, 08 Nov 2011 17:50:03 +0000 http://www.webuyhousesvideos.com/buy-my-house/do-i-have-to-have-downpayment-saved-to-buy-house#comment-17512 Unless you qualify for a VA or USDA rural loan, yes you do, no way around it.<br><b>References : </b><br> Unless you qualify for a VA or USDA rural loan, yes you do, no way around it.
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]]> Comment on Do i have to have downpayment saved to buy house? by Steve D http://www.webuyhousesvideos.com/buy-my-house/do-i-have-to-have-downpayment-saved-to-buy-house#comment-17511 Steve D Tue, 08 Nov 2011 17:24:15 +0000 http://www.webuyhousesvideos.com/buy-my-house/do-i-have-to-have-downpayment-saved-to-buy-house#comment-17511 Unless your state has a first-time home buyers program or you are a veteran, your minimum down payment is 3.5% of the purchase price of the house (FHA loan). If you cannot get an FHA loan,your minimum down payment will be at least 10% of the purchase price and more likely 15 to 20%. With the recent real estate/mortgage crash, banks stopped handing out no down payment mortgages. In addition to the down payment, you will also need closing costs, unless part of the offer is for the seller to pay or help pay the closing costs. Closing costs can run another 5% of the purchase price. Finally, the lender will want you to have saved at least two months worth of mortgage payments in addition to the down payment and closing costs. Since you and your spouse make about $60,000 a year, rule of thumb is you can get approved for a mortgage of up to $180,000. Using the $180,000 as a marker, you would need to save in the vicinity of $18,000 (3.5% plus 5% plus two payments) before making an offer (again more if you can't go FHA).<br><b>References : </b><br> Unless your state has a first-time home buyers program or you are a veteran, your minimum down payment is 3.5% of the purchase price of the house (FHA loan). If you cannot get an FHA loan,your minimum down payment will be at least 10% of the purchase price and more likely 15 to 20%. With the recent real estate/mortgage crash, banks stopped handing out no down payment mortgages.

In addition to the down payment, you will also need closing costs, unless part of the offer is for the seller to pay or help pay the closing costs. Closing costs can run another 5% of the purchase price. Finally, the lender will want you to have saved at least two months worth of mortgage payments in addition to the down payment and closing costs.

Since you and your spouse make about $60,000 a year, rule of thumb is you can get approved for a mortgage of up to $180,000. Using the $180,000 as a marker, you would need to save in the vicinity of $18,000 (3.5% plus 5% plus two payments) before making an offer (again more if you can’t go FHA).
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]]> Comment on Do i have to have downpayment saved to buy house? by J.B.Schneider http://www.webuyhousesvideos.com/buy-my-house/do-i-have-to-have-downpayment-saved-to-buy-house#comment-17510 J.B.Schneider Tue, 08 Nov 2011 17:17:18 +0000 http://www.webuyhousesvideos.com/buy-my-house/do-i-have-to-have-downpayment-saved-to-buy-house#comment-17510 Back in the day, you needed 25% down. However, today, there are hundreds of savings & loan companies and banks that MAY consider a lesser down payment. (or none) Your lack of savings is a danger signal to any lender. When I first bought real estate, I borrowed the down payment from a relative. (and paid it back!)<br><b>References : </b><br> Back in the day, you needed 25% down. However, today, there are hundreds of savings & loan companies and banks that MAY consider a lesser down payment. (or none) Your lack of savings is a danger signal to any lender. When I first bought real estate, I borrowed the down payment from a relative. (and paid it back!)
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]]> Comment on Do i have to have downpayment saved to buy house? by yodie http://www.webuyhousesvideos.com/buy-my-house/do-i-have-to-have-downpayment-saved-to-buy-house#comment-17509 yodie Tue, 08 Nov 2011 17:16:51 +0000 http://www.webuyhousesvideos.com/buy-my-house/do-i-have-to-have-downpayment-saved-to-buy-house#comment-17509 Try a first time buyers program. Also go to your bank and find out what options they may have available. There are all types of loans, like a grant or charity. Conventional Loan, FHA Loan, VA Loan, Sub-Prime, etc..<br><b>References : </b><br> Try a first time buyers program. Also go to your bank and find out what options they may have available. There are all types of loans, like a grant or charity.
Conventional Loan, FHA Loan, VA Loan, Sub-Prime, etc..
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]]> Comment on Do i have to have downpayment saved to buy house? by runningrob84 http://www.webuyhousesvideos.com/buy-my-house/do-i-have-to-have-downpayment-saved-to-buy-house#comment-17508 runningrob84 Tue, 08 Nov 2011 17:14:00 +0000 http://www.webuyhousesvideos.com/buy-my-house/do-i-have-to-have-downpayment-saved-to-buy-house#comment-17508 One of the most foolish things you can do is make payments on a house. If you don't have enough money to buy it in cash you should not buy it. Unless you are renting to own which is uncommon. If you wanna be paying more in interest than your actual house is worth for many years, then go right ahead. I advise you to keep renting unit you can buy in full. Don't follow the many foolish americans who make house, i mean interest payments.<br><b>References : </b><br> One of the most foolish things you can do is make payments on a house. If you don’t have enough money to buy it in cash you should not buy it. Unless you are renting to own which is uncommon. If you wanna be paying more in interest than your actual house is worth for many years, then go right ahead. I advise you to keep renting unit you can buy in full. Don’t follow the many foolish americans who make house, i mean interest payments.
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