Thursday, December 23rd, 2010 at 3:34 pm
My husband and I are purchasing our 2nd home for 5,000. We can put ,000 toward the down payment from the sale of our first house. To get 5% down on the new house would be ,250. This would be fine, because we have over 00 in the bank after paying this month’s bills, and only need to use 50 of it.
However, our bank will not allow us to to use the 00 that we have (from recent paychecks) because it hasn’t been sitting in the bank for 2 months!!! So they are requiring us to get 100% financing.
Is this _as ridiculous as it seems_, or are there other banks which would allow us to use the money we have earned at our jobs – which we can prove with our paystubs!!!
We don’t have the luxury of sitting around and waiting for 2 months to prove ourselves to the bank (because I have been transferred with my job). And the 100% financing is a bad deal as far as interest rates and the extreme pickiness of the underwriters on every possible issue.
Should we try another bank?
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Friday, November 26th, 2010 at 2:39 pm
Does anyone know of any good websites for ideas for decorating my new house?
great! thank you for that!
Its my first house with my boyfriend and we will be decorating a room for our baby who is on the way, so i want to look at a load of pictures to get ideas !! 
Sunday, September 5th, 2010 at 10:52 am
my fiance and i just bought our first house and we are both excited to remodel and decorate it…but we have totally different ideas…i told him he can decorate his game room however he wants and hes excited about that but he also wants to decorate the entire house however he wants and he really just doesnt have good taste and i would like everything to be neutral so that we can have a high resale value…..i guess i dont really have a question i just need advice….or if you can let me know magazines or websites with good ideas…..thanks!!!!
Friday, July 16th, 2010 at 6:53 am
Last November 2006 I signed an agreement with a home builder to build a house for me and my family in Laurel, MD
As part of the agreement, I deposited ,000 for the home + another ,000 for options. The contract stated that the home was to be ready by May 2007.
- In April, they told me it will be ready June
- In June they told me late July or early August
- Now they are telling me, they don’t know when it will be ready … that maybe the second quarter of next year.
They are still building the first house and they say it is the model and until they finish that one before they can start any other house.
My question is: Can he legally keep my deposit?
P/S: There is no clause that says he can keep my deposit. I have ready over the agreement several times and there is nothing.
I am supposed to be out of my condo by December, and I have a 6 month old son and a wife (who is still in college).
It took me over siz years to save this money…. Any good lawyers out there?
I did everything they asked for, the deposits, the loan approvals etc.
Now they are telling me I will have to forfeit my deposits.
The State is Maryland.
Laurel is the city in PG (Prince George’s) County
