What is a good percentage rate to expect when buying a house?
145393
That all depends on your credit, the LTV, what hits you are going to take, the type of loan you are looking for, whether or not you want a prepayment penalty, and so on. \n\nIf you have a FICO in the 700+ range, and you are doing a full doc loan on a primary single family residence, with a 30yr fixed term you can expect between 6.125 + 6.625.
699754
Home Inspection by an independent inspector (not one associated with the real estate agents involved).\n\nGet pre-approval for your loan.  Only buy a house that will amount to payments of no more than 33% (less if possible) of your monthly income (Don't get an interest-only loan).\n\nTake a look around awhile before buying.  Don't jump on the first house.  Think about it a couple of days.  Make an offer that you feel comfortable with.  Don't go over your head.\n\nExpect to have to purchase all the little things that you don't need when you rent, if it's your first house (Lawn mower, trimmer, water hose, landscape plants, curtains, basic household tools, etc.)
714596
The buying public will decide what they want to pay for your house. If it is priced correctly, then, you'll get your price.
173930
100% financing!!!!!  I live on the central cost of california where the average home price is over $600,000.00.  How do people buy homes in this type of market?  100% financing!  Do some research and find a reputable company with a loan officer that you work well with.  Make sure that you get payments that you are comfortable with.  Some people are anxious and end up buying too much house and go through foreclosure.  As long as you stay within your means, you should be find.  Also, in the area I live in, most seller's credit the buyers X amount of dollars for their closing costs, so you truly come in with almost no money to close.  This is typical in my area, but may not be in yours, but do yourself a favor and find a good agent that has a lot of experience, and a good loan officer that can get your pre-approved.  You want to know how much your payments are before you start looking at homes.
938405
The customer will decide within the first minute whether your house is a contender.  They'll continue to talk themselves into or out of buying your home while they're there.  Assuming you're talking about the average home size (and not a palatial estate), 10 to 15 minutes per home is about average for a "walk through" view.  Longer than that would indicate strong interest, less than that and there's not much chance they'll come back for a second look.  \n\nIf you're looking to sell, make sure you declutter your home and make the entrance, foyer, kitchen and master bed/bath as perfect as possible, as these are the key selling features.  Put out fresh flowers, put away your personal belongings/clutter as much as possible, clean up and clean out where you can.  People want to see themselves living in the home; seeing your stuff makes it more difficult for them to imagine themselves living there.
526082
That question isn't as easy to answer as it may seem.  I'm a real estate agent, not a lender, but in my opinion, that question can't be summarily answered by throwing out one rate.  I'd shop around and while you are comparing rates, make sure the loan package is the same structure before deciding one company's offer is better than another.  :)
834094
I am amazed at some of the responses:\n\n1. "Its' pretty rare to get more than 90% of the property's value."  This is plain wrong! It is rare to get financing greater than 100% of loan-to-value, but it's very common to get financing for 95%, 97%, and 100%.\n\n2. "It has to appraise out at $200,000 [to get a loan for $200,000]." This quote needs clarification. If the agreed upon sales price is $185,000, conforming/conventional (FNMA) lenders will loan a max of $185,000.  Conforming lenders will loan on the LESSER of the appraised value or agreed upon sales price.  There may be some non-conforming lenders that will lender on the greater of the two, but you will pay through the nose for a high rate.\n\n*** Guys, if you haven't worked in the mortgage business, please be very careful as to the information you pass along.
751344
This is an open ended question and can not be answered. Rates varied from 8 - 10% depending on multiple factors.\n\nI write a blog on the subject of credit management, mortgages, real estate trends, etc. Check it out for more information that may be helpful.
70668
They will offer you an 80/20 percent , 2 loans, the second will be the downpayment, and 2 years will be INTEREST ONLY!\n\nBe sure the loan officer not add too much for transaction...
953478
work with a realtor and they will find you the deal...but first, get pre=approved for a loan so you will know how much you can afford.  remember that 28% of your salary is all you can get financed for (in most cases)  chekc out american dream, they make down payment loans to 1stt time buyers
723950
Your mortgage payment should be around 35% or less of what your income is.\n\nIf you want specifics, tell me your income and I'll tell you how much house you can afford.
688422
depends on where you live. Ours are now at about 6.25% on a 30 year fixed conforming loan.
1045016
The highest as of right now is around 5.46%, but it has a minimum of 10k.  This is at Countrywide in CA.\n\nBankrate typically lists quite a few.
655545
usually 30% should go to housing*  what would 600 a month\nbuy  $750 a month would buy a house with no money down..\nlet me know **
253596
its around 4-5%. i have a student loan and my interest rate is 4.6%
316920
Sounds good to me. Start talking to a bank or a reputable mortgage broker. Let them tell you how much they will finance and put down as little as possible. Keep looking for a house. Remember location is very important. Keep an eye on the neighborhood you are looking for a house and see how long it takes for a house to be sold. Also find out from a Realtor, how much the house price has gone up since last year on average. When people look at the house, they estimate the fair value based on square footage. In that sense, fixer-upper with larger square footage than typical neighbor houses would be a good one. Cul-de-sac is also  nice. Avoid houses on busy street. \n\nKitchen and bathroom remodeling is a must. A hard wood floor in even one room make it an upgrade. Estimate the material cost and add it to the house cost. That what you need to sell the house for to get the money back. Extra will be your profit. See if that's a reasonable expectation. Also don't forget, when you sell the house let's say in a year or two, you need to pay 6 % (more or less) to a Realtor unless you sell without one (which may be difficult). So, you need to add that to your cost, too. Good Luck.
285904
Okay....let's please all stop giving this poor person wrong answers.  An 80/20 loan is NOT where you put 20% down on the home.  This type of loan refers to two separate mortgages.  The 1st mortgage secures 80% of the purchase price, then the 20% takes care of the remainder.  Example:  $100,000.00 purchase price.  1st mortgage @ 80% is $80,000.00; then the second mortgage @ 20% is $20,000.00, thus giving you a total of 100% financing.\n\nAlso...bankrate.com is not a good source of info on different types of mortgages.  There is nothing wrong with this type of financing when you do not have the type of money tp put down on the home.  Very good choice.  Although you may get a better rate on a government loan (FHA/VA) and you only have to secure 1 mortgage.\n\nIf you would like to know some more about this type of financing or other types, please contact me at timothy.kazee@americanhm.com. and we can talk further.  You can also visit my website at www.americanhm.com/timothy.kaz ee.  Feel free to apply online there also.  Great question!!!!!!