Archive for the ‘Home Loans’ Category

A house or a car?

Question: What would you do with $20,000?
> Buy a brand spanking new Toyota Camary/Corolla or a cheap fix-it up house. > My Toyota Corolla has 200,600 miles on it and is about to die. > I currently rent a small apartment for $CHEAP/month including > utilities(heat, water, electricity)free.
> I [...]

Debit card vs. Check card? huh?

Question: Another advantage for the merchant which is a disadvantage for the consumer > >> >> >>is that a debit card transaction in which a pin number is used is not prone > >> >> >>to charge backs. When you enter the pin number, it’s just as though you went > >> >> >>to [...]

Veterans Home Loans: Anyone use one ?

Question: I’m a Veteran, and someday I want to buy my own house.
> When I joined the service, I never thought to inquire much about the > VA home loan program.
> But from what I understand, a VA loan is a very, very, good way for > someone to buy [...]

A Good Washington Mutual Experience

Question: As I walk the weary yet promising path of frugality, I have long been in > search of a reasonably competent bank, that charges a minimum of fees. > Washington Mutual is new to the Atlanta area, … > I was amazed to find out that they offered a no minimum, no maintenance, [...]

Giant expensive homes everywhere

Question: Also, a lot of those new homes are single brick and have low ceilings etc. > Go to a few open inspections and real estate auctions, you’ll see they are > designed to look more impressive than they are.>>
> In our househunting last year, we found this to be true. [...]

Veterans Home Loans: Anyone use one ?

Question: unfortunately, they have now decided to start denying health >benefits to previously eligible veterans, and requiring veterans >in remote areas to go to VA hospitals with long wait lists for >treatment instead of seeing their own doctors. this country has >really crapped on our vets, promising them medical care and then >not [...]

Owning vs renting

Question: > Do you think that if > you are looking at say 30,000 house, and you finance it for 30 years, you > will pay only 1,000 per year?
Answer: Of course not. You will pay about the same amount of money per month that you will pay in [...]

Giant expensive homes everywhere

Question: Wow, that’s a pretty scary way of doing it. I would have to assume that > there are quite a few people making that mistake though. When realtors are > telling us that we can qualify for 2 1/2 times our yearly salary on a home > loan, it seems like [...]

Any “gotchas” with home loan

Question: I’m buying a new home. Perhaps not the most frugal choice, but then > I’m the type of person that will buy a new car and drive it “till the > wheels fall off” — that can be a cost-effective way to own a car, and > I have the satisfaction of knowing [...]

Pre-approved home loan OK?

Question: We had another offer from someone out of state. It was another
> prequalification thing by a bank in a THIRD state. It actually was not a > very good offer and when we realized that the prospective buyer worked for > a bank, but was applying for a loan prequalified [...]