Zillow Advice RSS: Discussion,Mortgage,NH http://www.zillow.com/advice/NH/mortgage/discussion/ Zillow Advice search results | Zillow Real Estate First time home buyer, would like some thoughts on my current situation http://www.zillow.com/advice-thread/First-time-home-buyer-would-like-some-thoughts-on-my-current-situation/381489/ I've been looking at condo's in the Nashua, NH area. I've spoken with several people regarding FHA loans and this seems like my best bet. I'm actually turning 26 this Friday and I'm still living at home with my parents paying $200 a month for rent&nbsp;so I can focus on my school tuition bills and current debt. I'm starting to think, it's time to move out so I want to start this discussion to get some opinions going. <br/><br/>A colleague of mine suggested getting into my first home with a low interest rate and taking out enough to cover the remaining tuition I owe which is about $11,000 does anyone have any thoughts about this?<br/><br/>I made a more detailed post on the home buyer forum on about.com that can be seen here if you want more details-<br/><a href="http://forums.about.com/n/pfx/forum.aspx?tsn=1&amp;nav=messages&amp;webtag=ab-homebuying&amp;tid=3761" rel="nofollow">http://forums.about.com/n/pfx/forum.aspx?tsn=1&amp;nav=messages&amp;webtag=ab-homebuying&amp;tid=3761</a><br/><br/><br \><br \>6 replies Wed, 19 Jan 2011 17:28:00 GMT http://www.zillow.com/advice-thread/First-time-home-buyer-would-like-some-thoughts-on-my-current-situation/381489/ 2011-01-19T17:28:00Z Those Who Wait Will Pay Thousands More This Spring http://www.zillow.com/advice-thread/Those-Who-Wait-Will-Pay-Thousands-More-This-Spring/319543/ <p align="center" style="text-align: center;">Waiting a few extra days or weeks to purchase a home this spring could cost buyers thousands of extra dollars as the office of Housing and Urban Development (HUD) implements several changes for loans guaranteed by the Federal Housing Authority (FHA).<br/><br/>Coming just weeks before the April 30 deadline for the Home Buyer Tax Credit and just days after the March 31 expiration of the Federal Reserve Board's mortgage backed securities purchase program (which has kept home loan rates artificially low for over a year), <strong>these FHA changes make it even more important to act now to save big.</strong><br/><br/>Here are a few reasons why:<br/><br/>On April 5th, the cost of required up-front mortgage insurance for loans guaranteed by the FHA will increase from 1.75% to 2.25%. For a borrower purchasing a $200,000 home with a $7,000 down payment, the up-front mortgage insurance will increase by $965. Up-front mortgage insurance is typically financed in the final loan amount so the impact to a monthly payment will be minimal but overall, the increase is still borne by the borrower both upfront and monthly.<br/><br/>Later this spring, the amount of money that a seller can return to the buyer from their sale proceeds will be reduced from 6% to 3%. The reduction in these "seller concessions" can increase the amount of cash a buyer will be required to pay at closing by $6,000 for a home purchase of $200,000.<br/><br/><strong>There is only one way to avoid being affected by all of these costly changes that lie ahead &ndash; submit all FHA mortgage applications by the last week of March.</strong></p><br \><br \>11 replies Thu, 28 Jan 2010 21:41:00 GMT http://www.zillow.com/advice-thread/Those-Who-Wait-Will-Pay-Thousands-More-This-Spring/319543/ 2010-01-28T21:41:00Z Can anyone help us refinance? http://www.zillow.com/advice-thread/Can-anyone-help-us-refinance/269525/ I put in a <a href="http://www.zillow.com/mortgage/">loan</a> quote on here and got 1 response that was outragous!!<br \><br \>15 replies Tue, 18 Aug 2009 21:37:00 GMT http://www.zillow.com/advice-thread/Can-anyone-help-us-refinance/269525/ 2009-08-18T21:37:00Z