Newsflash: 775 credit make 52k a year and i was pre approved for 130k – something is wrong?

right, so my husband doesnt have a great credit but we are planning in buying a home. I have a steady job working for over 2 years makes about 50ish a year and i have 775 credit scores. Under my name i have car loans and i use my credit cards often and pay them full in the end of the month. Why did i get such a low loan pre approval? I dont understand…. i was expecting at least 200k. oh and i have no debt.

Read more at https://www.reddit.com/r/RealEstate/comments/50jesd/775_credit_make_52k_a_year_and_i_was_pre_approved/?utm_source=ifttt

Newsflash: What’s a good mortgage rate right now for a 1st investment property (SFH, Indiana)?

I was wondering if someone could ballpark what a “good” rate is for a 1st investment property. Some background, looking at a 60K SFH in Indianapolis, 20% down so about 45K financed. My credit score is above 800. I’ve got one quote for about 4.5% (all around there for 15, 20 and 30 yr fixed +-0.25%). My apologies if this is a really dumb question.

Read more at https://www.reddit.com/r/RealEstate/comments/50j48y/whats_a_good_mortgage_rate_right_now_for_a_1st/?utm_source=ifttt

Newsflash: My realtor is also the listing agent of my dream home.

So my wife and I are looking to buy a home and we’ve been working with a great realtor. So we found a place in a great location, really it is perfect. The price is a little steep so we’d like to get it for cheaper. It just so happens that our realtor is the listing agent. Now my question is would this benefit us any or should be look at a house where the buyer and seller are being representing by two separate people?Thanks!

Read more at https://www.reddit.com/r/RealEstate/comments/50joz0/my_realtor_is_also_the_listing_agent_of_my_dream/?utm_source=ifttt

Newsflash: Hurricane making landfall day of closing. Please help!

As the title says, I am due to close on my first house tomorrow when Tropical Storm (likely tomorrow a hurricane) Hermine makes landfall where I live. The title company is closing their offices tomorrow, so they want to move the signing up to the morning instead of the afternoon. I can’t change my schedule.Am I in any danger of losing the house by missing the closing date? Of course I am also worried about a hurricane damaging the house. If the house is damaged before I get a chance to sign, am I liable for that or do I have the option to back out of the purchase? Thank you for your help.

Read more at https://www.reddit.com/r/RealEstate/comments/50jgm9/hurricane_making_landfall_day_of_closing_please/?utm_source=ifttt

Newsflash: First Investment Property (Washington, DC)

I’m in the process of closing on my first investment property (link). It is a 1 bedroom 1 bathroom (710 sq. ft) in Washington, DC. I’m using Rent Jiffy to procure the business license to rent in DC. I’m closing on September 7th, but the license may take an additional week or two. I would like someone to move in ASAP. I’ve prepared a preliminary lease template (via RocketLawyer) and will post an add on craigslist to show the place on September 8th. I will run a background check on the renter, but am not sure the best method. The building also has a $500 move in fee ($300 of it is a damage deposit). I’m scared that the move in fee will spook renters. Any advice on handling the move in fee? Is there anything else that I need to consider before renting the property?

Read more at https://www.reddit.com/r/RealEstate/comments/50isdt/first_investment_property_washington_dc/?utm_source=ifttt

New Story Just Out: Western States Face Challenges Cleaning Up After Coal Mining

Yet another interesting headline in the world of health and well-being. Western States Face Challenges Cleaning Up After Coal Mining
Coal companies in the West have mined an area the size of New York City — more than 400 square miles. Now they have to clean it up, and it’s given rise to a whole new reclamation economy.

Read the full story here

New Story Just Out: Minnesota Cracks Down On Neonic Pesticides, Promising Aid To Bees

Yet another interesting headline in the world of health and well-being. Minnesota Cracks Down On Neonic Pesticides, Promising Aid To Bees
Minnesota’s governor has ordered new restrictions on the use of neonicotinoid pesticides, which have been blamed for killing bees. Many details of the plan, however, remain to be worked out.

Read the full story here