Refinance Mortgage

I’ve found houses I like in what I think is my price range, high 100,000 low 200,000, but I don’t have any equity. My monthly income is enough to pay the payments I’ve figured w/ mortgage calculators. I have good credit but I’m young….so my credit history is not too long…what should I do? wishful thinking in california

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http://www.breakingbubble.com/index.htm

Your time will be soon

This code is not working. I need the user to enter a number, I need the program to convert that number into a percentage/decimal and then later convert that percentage back to a dollar amount or whole number again. This is what I used for code so far which is not working.
Int main()
float dowpay; //down payment
float price; //price of home
float percon; //payment converted to percentage
float amtdwn; //down payment percentage time the price of the home.
percon = downpay * 0.01,
amtdwn = percon * price,
so this is what I have so far well a little of it anyway, I then need to figure this as a 15,30 and 40 year loan as well. Any help will be appreciated.

From what I can see you are only getting 1 percent of the payment.

What you need to do is work out how many months in the years that you want the loan for. This should be easy for you. Have them as constants.

Then using the percentage that needs to be repayed every month, calculate the amount by the percentage and use that as the monthly repayment.

Then multiply this amount by the amount of months to get the total amount of payment required to pay back the loan.

I am not sure what you are trying to do, but that should at least help you.

I am a first time home buyer and am in the process of doing research to ge a home loan. The online mortgage calculators I can find say rates are based on married, two dependent households. Because I have no dependents and all of my income would go toward my own expenses does that make me eligible for more than a married household that brings in equal income to what I earn?

Well, you do not get to file as married because you own a home.

But, no, being single does not effect your ability to obtain a loan. In fact it would be illegal to discriminate against you for your family status.

For example, in Calabasas, the salaries are in the 100K and the usualy income is $180,000 according to city-data, but if you go to CNN’s affordable house calculator the most expensive house you could get is $1,000,000 though most houses are at least $2,000,000 there. Why? Are a lot of people just renting?

Income is based on your gross amount.. before taxes, which is misleading because no one brings home the amount before taxes. A lot of people ARE renting nowadays because there really isn’t a lot of commitment and also becuase people can’t sell their houses so they put them up for rent.