What is the average mortgage payment for a $700,000 house bought this year with bad credit? - average monthly mortgage payment
I'm not sure how to calculate the monthly payments, and I am curious about an offer made? This means 5% for a loan in full at the house
Saturday, January 9, 2010
Average Monthly Mortgage Payment What Is The Average Mortgage Payment For A $700,000 House Bought This Year With Bad Credit?
4 comments:
The question I have is why you need a house for $ 700.00?
$ 5000 seems a good step for P & I.
$ 725 taxes
Insurance $ 100
$ 6000 or less
Even with a ratio of 50% debt, you should give at least $ 12,000 a month on the Groos. And probably, if you have other debts, probably $ 15,000 a month.
As a rule, a rule you should buy a house, the 3 x what they do. So for a $ 700,000 house, you need up to $ 233,000 per year.
I know there are people who are $ 700,000 houses that only $ 80,000 to 100,000 to buy US-earning dollars, but probably by an arm and gets in trouble, especially with lower prices.
Please reconsider your purchase and try something much cheaper and 3 X what you do, especially if you have bad credit.
The question I have is why you need a house for $ 700.00?
$ 5000 seems a good step for P & I.
$ 725 taxes
Insurance $ 100
$ 6000 or less
Even with a ratio of 50% debt, you should give at least $ 12,000 a month on the Groos. And probably, if you have other debts, probably $ 15,000 a month.
As a rule, a rule you should buy a house, the 3 x what they do. So for a $ 700,000 house, you need up to $ 233,000 per year.
I know there are people who are $ 700,000 houses that only $ 80,000 to 100,000 to buy US-earning dollars, but probably by an arm and gets in trouble, especially with lower prices.
Please reconsider your purchase and try something much cheaper and 3 X what you do, especially if you have bad credit.
Wow, you have to make big money. I think, ka 5 months
I do not think you could get a 700k loan with bad credit. Int rate you see is about 8-10%. This could be higher.
If you took a loan of 30 with an arm years @ 9% are in excess of $ 5632nd You also have the property taxes must be filed.
If you do, as an investment, such as the ability to reshape the sale of the house, you better go for 2 years balloons. The prices are much cheaper and you have the house no more than 2 years. One thing to keep the balloon loans, or loans of this type, after 2 years, the price is a series of points to jump.
My best advice is to go and talk to a mortgage broker. He or she can handle all products. Siófok note two very important things: 1) Go to a reputable bank (they can explain everything and the things around before they are looking for a loan. Eg. Property taxes. If this continues, you will be able to again provide home? etc.) 2) Do not let them run your credit score, until all your questions. (Whenever cr Scr is running, the credit goes to the low SCR)
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