Buying a home......
 

For anyone who has bought a home, I'm going to try and join your ranks. Albeit a small studio home in SF.

I just hope my fiance approves of it......hell, I hope my loan is approved.....

Good luck! Did you check ur credit report before you submitted your loan app?

I'm actually just beginning the process. But I think I've got a good RE agent.

Happy you :)
Good luck!

Hey congrats. Nothing gts the heart pumping like a mortgage. :b Good luck w/the loan process. Damn what a pain in the ass.

I got lucky though, my wife's credit is like something over 900. She didn't need a cosigner AND we got a killer rate. 4.75

There is nothing better than owning a home, you truly become the master of your own area.

You can take down walls, paint, etc and NEVER have to ask permission from an asshole landlord.

Congrats my friend, enjoy!!!!

Early congrats if the fiance approves it :thumbsup

I'll chime in with a Good Luck.

Home ownership is tops!

The crazy thing is it is only a studio, roughly 500sq ft....

Even though my fiance in Japanese (I still have to bring her over here) and she's used to living in small spaces, I don't know if I can handle it. Still, it would be nice to have the tax break and put in a hot tub.

Thanks everyone for the support :thumbsup

Congrats!

i you need a good mortgage company check out http://www.excelmortgagesolutions.com

They can do loans for anywhere in the country I believe.
:-)

Not sure if you guys have checked it out or not. But I know there is a good website out there and you can look at getting a home really cheap in Pre Foreclosure. Basically the person who is about to be foreclosed upon you walk in and make them an offer to walk away from the house. Like 2500 or 5k obviously they are about to be foreclosed on and will not walk with shit if that happens. You can get homes for what they owe on their loan and not what the house is actually worth. Talk about instant equity. I didn't find out about this till about a month and a half ago personally. But something to think about for anyone looking to buy a home.

Congrats... I'll be there in 3-4mths :thumbsup

I'm not sure what the market is for forclosures here in the bay area. The studio 'house' I'm looking at is in Pc Heights so I'm not expecting much. Still, wouldn't it be pimp to get a cheap mansion?

Thanks for the tip Eric I'll look into it.

Buy my house in Napa, $699,000
Pool and Spa.. and more.

oooooh, slightly out of my price range and a bit too far from my office. But the offer is much appreciated. :)

Owning an apt sucks :)
Well... not really, unless it's in Helsinki. It's cold and I wanna get out of here. Anyone wanna buy my appartement? :)
heheh.. or switch it even to a nice one somewhere warm.

We signed the papers Tuesday and waiting for the bank to approve our mortgage, onyl $30K.

But if they say no get ready for some offers from us, we will need to raise the cash quickly.

I'd take a studio in san fran. :thumbsup

I just bought a Condo in Montreal.

real nice place, Im really excited!

2 bedrooms and a mezzanine, a fireplace, a skylight, a nice balcony where ill be able to bbq!

yah baby!

good luck! A small place in SF is like a palace most other places . . .

Do you know of the site name? or was that just a general comment ? I have been trying to get my hands on a girl in
a bank for sometime now.


MaxDent Congrats :thumbsup

BTW what does 500 sf go for out there?

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FICO perfect credit rating is 850... but I may be wrong...

... i'm in the process of closing on another new home... and even though my wife does not work... she still has to sign on the mortgage... and they pulled both of our credit history... co-signers are usually only needed when there is a lack of credit history... or poor marks on a credit history...

if you put 20%down.. you can also save from paying PMI insurance that will also save you $$$

but for sure this is a buyers market.. low interest rates.. and lots of property... a great investment for sure...

:thumbsup

A buyers market ?

Not on the east coast this is a sellers dream. Jesus christ trailers are pulling 250k up here.

yes buyers market.. with low interest rates.. you can lock in at a great rate... if you have a strong realty area.. then even better... buy at $250K.. and flip it in a year or two for $300k plus... beats the stock market these days :winkwink:

It's apparent you don't buy much real estate, The market is at an all time high which doesn't not make it a buyers market. You honestly think a couple of intrest points make a difference in buying a home?

All these towel heads have to do is blow up ONE mall and this economy will go to shit the loss jobs will be unprecedented. Which means people would not be able to afford those low intrest rate homes you are talking about. Now if this were to happen it would be a buyers market.