Anyone have any feedback on useing Bank Of America for a first time home buyer mortgage?
Answers: Bank of America would have many of the same "First-Time Homebuyer" programs that every other lender that utilizes Fannie Mae/Freddie Mac loan products does. To get into some of the really good FTHB programs, consult with your state housing authority. In Iowa and Wisconsin, for example, the programs are administered by IFA (Iowa Finance Autority) and WHEDA(similar agency). Many of these are true First Time home buyers programs; down-payment assistance loans/grants, very attractive interest rates and caps on closing costs. Most of the major lenders in your area would know about what your state has to offer and that's where I would ask first; your Primary Financial Institution (Credit Union or Bank or reputable Mortgage Banker/Broker).
Many people get hung up on First Time Homebuyers and ask for it up front. In truth, this can be an open invitation to an unscrupulous mortgage person to put you into the same loan as they would anyone else and charge you a higher Origination/Discount/Broker fee for their "extra" trouble. Do not be fooled with this. Having been in the mortgage business myself for many years, I have seen this first hand.
Bank of America is going through some major changes. A few months ago, B.O.A. became a major share holder in Countrywide, with the backing of Berkshire/Hathaway and Warren Buffet (Geico man). Most recently B.O.A. expressed interest in aquiring an even bigger stake in Countrywide and many insiders believe they will end up with a huge chunk of CW.
Ultimately, you should look and your Primary financial Institution first for your mortgage advice (not a realtor for heavens sake) as it is about who you have a relationship with and who you trust. If that is B.O.A., then go there. If not, go to your credit union or bank where you have your other accounts. Chances are they will help you as much as anyone make the best financial decisions.
Bank of America right now is amazing and very hard to beat they're deals ( i should know i'm a mortgage broker)
they have they're no fee mortgage right now, and there really isn't a lot hidden in that!
Legal suggestion just about lease?
We had a lease that done in April. We bought it out contained by November by paying for the next five months of rent within advance. The took $800 out of our deposit deposit for re-letting charges (what it is costing them to look for a new tenant.) Is this worth taking them to small claims court over?Answers: Actually, the innkeeper can hold you liable for any costs related to your breach, such as advertising costs, agent fees, etc.
Was in attendance a clause in the lease concerning re-letting fees? If so, you agreed to it upon signing.
If you fulfilled the terms of the lease (by buying it out), consequently why would you have to repay for them to look for a new tenant? Does everyone who ends a lease rate money to their former landlord so they can look for a spanking new tenant? No. Take it to small claims court, of course you'll win. (But I would relate them first that you want the money sent to you immediately and if they don't, later you'll see them in court.)
Moving to a different state?
for people who enjoy been here before.. as right very soon i am living in tennessee. i dont hold a job right very soon. i really want to move to d.c. how do i get an apartment? i mingy do the leasing consultant requires me to have a undertaking before moving to other state? assist me out thanks within advanceAnswers: The leasing consultant will do a backround check for employment and credit. you might know how to get an apt if you can remuneration several months in mortgage. Ask a real estate agent to find you something near a short term agreement. I can refer you if you want a contact. Click on my avatar & e-mail me.
come to TEXAS!!
we rule!!
The leasing consultant might not, but no reputable apartment complex is going to lease to you unless you have an income OR can put down several months' rent as surety.