Calculating return on investment?

Suppose you buy a house for $250,000. One year later, the market price for the house has fallen to $200,000. What is the return on your investment in the house if you made a down payment of 10 percent and took out a mortgage loan for the other 90 percent?

Read more: Calculating return on investment?

Ontario - paying spousal support to the emotional abuser?

I m currently going through a separation. We were married for 13 years. I earn 2/3 s of the family income and he makes 1/3. There are three children. My two step daughters (17 & 16) and our son together (11). The 16 yo has gone to live with her mother. The 17 yo has stayed with him and our 11 yo is living with me. He has been quite emotionally abusive with me, but not the kids. I tried to stay in our family home and it became so unbelievably stressful I left to go to my mother s. I ve since taken a very small one bedroom apart to share with my 11yo. He has stayed in the family home, while I have continued to pay the mortgage. He is continually awful to me, no matter how reasonable I try to be with him (there are many text messages to support this). He has threatened to take half of my teacher s pension.
My question is: is it possible that I would end up having to pay HIM support?

Read more: Ontario - paying spousal support to the emotional abuser?

If Americans were formally educated to compromise numerous federal laws, would they be legally responsible?

for mistake of facts or flawed discretion?

http://www.fbi.gov/news/testimony/mortgage-fraud-securities-fraud-and-the-financial-meltdown-prosecuting-those-responsible

Read more: If Americans were formally educated to compromise numerous federal laws, would they be legally responsible?

Keeping house under a mortgage?

after my son got divorced and accumulated massive debt he moved back home and we let him use the equity in our home to take a mortgage and roll his car, credit card debt, student loans etc into one payment. He has paid down about half and talking a refi, I asked when he will pay off and he insisted it was better for his credit to keep borrowing against the home. I think he intends to use the equity as his personal piggy bank every eight years myself. Is this a bad idea?

Read more: Keeping house under a mortgage?

Who took over bradford and bingley mortgages?

Who took over bradford and bingley mortgages?

Read more: Who took over bradford and bingley mortgages?

I have two houses one of which I don't want and can't sell what should I do?

I moved out of my old house in August of this year into a different bigger better house. My credit and finances allowed me to get mortgages on both of them. I found a person to sign a rent to own contract on my old house that stated he was responsible for all maintenance big and small and gave him 12 months to purchase the house. Since he has lived there the trash has piled up and the furnace took a crap and he refuses to pay to fix it. Now he tells me he is moving out and stiffing me on last months rent. Now I need to buy a new furnace and pay two mortgages this month. Cash is tight and I'm sick of dealing with this house. I owe less then its appraised value and ahead on payments. I had it on the market for 6 months with no real interest from any buyers. I don't have the money to leave it empty on the market and I don't want to be a landlord. What should I do?

Read more: I have two houses one of which I don't want and can't sell what should I do?

Will 765 credit score give me the best rates?

I'm looking to buy a house on a 15 year fixed rate mortgage.

Read more: Will 765 credit score give me the best rates?

Leaving Macdonalds Job on probation period? (UK)?

2 months ago i had to leave my old well paid assistant shop manager role due to downsizing. I was in the process of getting a house with my girlfriend so had to get the first job i could straight away to pay the mortgage and i got a Macdonalds job straight away. On the 3rd week of my probation i have been offered a better job and i would like to leave as soon as possible i was wondering the best way of doing so. I feel a bit of guilt because the people there were so good to me and i don't want to mess them about but i need to leave as soon as possible.

Read more: Leaving Macdonalds Job on probation period? (UK)?

What should I do to get the money back?

My husband has lent her sister a lot of money(no specifics) and then later on he's like, nah, just let them have it. They don't need to pay back!

I don't know what to do. Right now, things of ours are still in mortgage and he just literally gave the money away for free?

How should I ask his sister for theoney back or how should I persuade my husband? I've tried a lot of ways but still no use:(

Read more: What should I do to get the money back?

Where are mortgages recorded to show they have a lien on the property?

Where are mortgages recorded to show they have a lien on the property?

Read more: Where are mortgages recorded to show they have a lien on the property?

Sold my house. Clone on monday, what about unused escrow money? And over paid home owners Ins?

Sold my house. Clone on monday, what about unused escrow money? And over paid home owners Ins?
Added (1). close on Monday, not clone

Read more: Sold my house. Clone on monday, what about unused escrow money? And over paid home owners Ins?

Home Mortgage - Seeking a basic understanding?

Home Mortgage - Seeking a basic understanding?
Added (1). Is this basically how it works:

The bank owns a house worth $500K.
Michelle buys it.
She has made $300K in payments.

She decides to sell it.
The bank gives her $300K.

Tony then buys this house.
He must agree at any price set by the bank.

The bank profited from Michelle in fees or interest while she was making payments.

Read more: Home Mortgage - Seeking a basic understanding?

My husband wants divorse bc I choose not to be Muslim anymore, after 10years of marrage?

Yes, I am married for 10 years now, we have two beautiful children. We had many ups and downs in our marrage, and even though we came from different cultures, we were both born muslims. We never acted like true muslims other than rejecting pork and calling God - Allah. Until recently through my own research I decided that Islam has some serious faults and I lost me faith in Islam and now I am Christian. It took me some time to admit that to my husband. He left right away, saying that this fact that I am not a Muslim anymore automatically ends our marrage. However later that day when many miles away he admited that he loves me and cannot imagines his life without our kids. Meanwhile he turned more religious, and started regularly praying. He come back after few days to our town and said he is looking for a rental place to stay. Knowing how hard it will be to find a place to stay right away, and knowing how much my children missed him, I invited him to stay in a separate room in our house Since then he appears to be a piece of ice toward me and told me many times that if I do not revert back to Islam he cannot live with me as husband and wife and will eventually divorse me and actually started looking for a potential wife while living with me under same roof and still legally being married! How ethical! He is unemployed, and I am only one who works, pays mortgage and provides for food.
I would apprechiate hearing from you, what would you do, be you in my shoes? Thanks!

Read more: My husband wants divorse bc I choose not to be Muslim anymore, after 10years of marrage?

Find the amount a 25 year mortgage at 10.4% interest compounded monthly where the monthly payment is 487.92?

Find the amount a 25 year mortgage at 10.4% interest compounded monthly where the monthly payment is 487.92?

Read more: Find the amount a 25 year mortgage at 10.4% interest compounded monthly where the monthly payment is 487.92?

OK, MUCH is your monthly rent or mortgage payments. Is it afforable?

OK, MUCH is your monthly rent or mortgage payments. Is it afforable?
Added (1). THIS IS POLITICAL BECAUSE people cant afford homes, too little affordable housing built, and homelessness is rising

Read more: OK, MUCH is your monthly rent or mortgage payments. Is it afforable?

How much do I need to save for a house?

We're doing an FHA loan, so we'll only need about 3% down instead of the "normal" 10%.

How much in addition to the down payment do we need to save

Read more: How much do I need to save for a house?

Heating of water or air more efficient?

We have NG fueled Monitor heaters for both air and water- both vented. Which device sends more heat to where it's supposed to go per unit of fuel?

Roommates disagree with one thinking it's air and the other water. She takes long showers with hot water with the tub plugged so the hot water will eventually warm up the house. They split the heating bill, so I have to listen to the argument every month. I pay the mortgage, so don't care one way or another.

Read more: Heating of water or air more efficient?

What percentage of your income would you invest vs keep for discretionary spending?

So, I'm not looking for angry or jealous responses here… I'm genuinely interested in how some folks would invest if they were in my shoes…

I'm a 33 year old male living in Orange County California. I moved here from Florida and haven't yet been able to accept that rent for an avg 3br house runs $3,000 a month. For this reason I sublet one room in my house for $1,400 a month. I also have a home in Florida that I bought in 2005 which I rent out (mortgage is covered).

All in (not counting the Florida home which is being paid for by my tenants) my monthly expenses run about $3,500 a month. This covers rent, utilities/cable, a new truck payment I have (another truck and motorcycle are paid off), vehicle insurance, my cell phone, and child support for a daughter from a prior marriage. I have $0 in credit card debt and have never had student loan debt (GI Bill).

After I max out my 401K ($1460/mo) and pay the above bills I am left with about $5,700 after taxes each month. I just saw the new figure as the Dec 1st check is the first with my most recent salary increase (promotion).

So, with my company match my total 401k investment is about $23,000/yr. I just upped my IRA contribution to max that out at $6,000 a year and have been considering adding onto this with monthly $1,000 purchases of silver at market prices.

This still leaves me with +$4,200 a month even though my investments would break $40k a year.

How would you invest? What would you keep for fun?

Read more: What percentage of your income would you invest vs keep for discretionary spending?

If i use 2 loans for a house, can i consolidate them at a later?

there is a triplex i wish to buy. One of my financing options is to get a 5k loan from a p2p site (prosper.com/lendingclub.com) in order to reach the needed 20% down payment on a standard loan. The problem with this idea is that the p2p loans only last 3-5 years. So, would it be possible to eventually get a third loan to combine the standard and p2p loan together?

I am still very new to the whole investing thing. So far the only personal loans Ive had are from credit cards.

Read more: If i use 2 loans for a house, can i consolidate them at a later?

What is the connection between the subprime mortgage crisis and me not having a job right now?

What is the connection between the subprime mortgage crisis and me not having a job right now?

Read more: What is the connection between the subprime mortgage crisis and me not having a job right now?

Web cam girl. How can I provide proof of income for mortgage loan?

So I currently make my living as a web cam girl (spare the judgment please). I am looking to buy a house and I am wondering how do I represent My flow of income. Would bank statements alone work as proof?

Read more: Web cam girl. How can I provide proof of income for mortgage loan?

I need the original of my P60 for purposes of proof for a mortgage company where will I get this from?

I need the original of my P60 for purposes of proof for a mortgage company where will I get this from?

Read more: I need the original of my P60 for purposes of proof for a mortgage company where will I get this from?

Can i use my 50% share of a house as a type of deposit with a bank to get a mortgage to buy another house?

I own half of a home.

I dont want to sell my share of said home but i do want to move out.

I do not have the deposit to get a mortgage.

so can i use my share of the house (without selling it) as a type of "deposit" in order to get a mortgage?

I know little about all this so any help will be apreciated guys. Thanks in advance for any potential replies:) ps i live in the UK
Added (1). I would like to add that in my current home, there is no mortgage its been totally paid off. Thus i own half of the house outright.

Read more: Can i use my 50% share of a house as a type of deposit with a bank to get a mortgage to buy another house?

Would my account balance affect how much of a mortgage I can get pre-approved for?

Would my current bank account balance affect how much of a mortgage I can get pre-approved for?

Read more: Would my account balance affect how much of a mortgage I can get pre-approved for?

What do I need to do to buy a 150k home on a 30 year mortgage?

I FOUND A HOUSE I WANT TO BUY AND I WANT A 30 YEAR MORTGAGE ON IT. ITS 150K IN THE STATE OF ALABAMA AND MY CREDIT SCORE IS 761 AND MY WIFE IS 780. I MAKE 1850+ A MONTH AT WORK AND MY WIFE IS ON DISABILATLY AND BRING HOME ABOUT 1K. WHAT RATE SHOULD I LOOK FOR AND I WANT TO PAY LESS THAN 700 TOTAL A MONTH ON THE HOUSE. WHAT SHOULD MY DOWN PAYMENT BE AND ANY ADVICE WOULD Help THANKS IN ADVANCE

Read more: What do I need to do to buy a 150k home on a 30 year mortgage?

Can I afford a $6,000 mortgage?

Basically what I'm asking is can i afford a $6,000 a month mortgage, i Make 9 dollars an Hour and work full time.

Read more: Can I afford a $6,000 mortgage?

Will cosigning my son's mortgage affect my daughter's financial aid for college?

Will cosigning my son's mortgage affect my daughter's financial aid for college?

Read more: Will cosigning my son's mortgage affect my daughter's financial aid for college?

If you had $500 to spend what would you buy?

Besides bills, rent, mortgage, credit etc just $500 to spend on what ever you want

Read more: If you had $500 to spend what would you buy?

How long does it take for the money from house buyer of your house to reach your bank account uk?

I have aged 40 years in the last 3 weeks! Sold my house to a family member who was granted a mortgage for the full asking price(well i gave him the best price) 3 wks ago he told me the money would be in my bank account. I am still waiting. Luckily the man whos house im buying is in no rush to move out but he has no chain. I thought the whole of the money would go into my bank account and feel stressed as i am sailing by the skin of my teeth now in the bank due to a huge dental bill. Im making a profit by the time ive paid all the agents etc off but im not sleeping at night thou worry
Added (1). Ah yes im not doing the selling bit myself ive got my back covered lol

Read more: How long does it take for the money from house buyer of your house to reach your bank account uk?

Interest only mortgage for 3 years then sell house good idea?

I'm looking to get an interest only mortgage for 3 years then sell the house at the end to pay off the balance. I'm prepared to lose money if house prices fall. What other things should I consider?
Added (1). I fI have difficulties selling the house then I could just re-apply for another mortgage right?

Read more: Interest only mortgage for 3 years then sell house good idea?

How Long Until I Can Get A Mortgage?

I am currently 20 years old with a 649 transunion credit score, my equifax score is 689. I currently have 3 credit cards. One being a bank credit card and two others being capital one.

Capital One Secured - $400 credit limit
Capital One - $300 credit limit
Local Bank - $300 credit limit

I also have a loan from the bank that I got co-signed for $7000. I paid $2000 off in only 2 months.

I don't plan on moving any time this next year or anything but how long until I should be able to get a good mortgage from a bank that charges a fair interest rate?

Also, what steps should I take in order to better my chances?

Thanks so much!

Read more: How Long Until I Can Get A Mortgage?

Underwriting and approval for mortgage loan?

my LO sent me this email today after I asked her if there would be any hidden obstacles once our loan info was sent to underwriting- I am doing this loan through North Carolina State Employee's Credit Union…

"The loan has been approved. Approval is not determined by the underwriters. They are there to make sure all guidelines have been met and all documentation is in the file. They also process the final package sent to the attorney. We have done our due diligence in assembling the file. I have placed notes that we will be sending the final inspection and insurance binder. I cannot say 100% that they will not need something else for the file, however, we have provided everything that we know of to include."

Does this seem correct? I thought underwriters DID approve the loans?

Read more: Underwriting and approval for mortgage loan?

Can you get a mortgage on an overseas property (Spain) that you don't intend to live in but rent out?

Can you get a mortgage on an overseas property (Spain) that you don't intend to live in but rent out?

Read more: Can you get a mortgage on an overseas property (Spain) that you don't intend to live in but rent out?

Am I likely to be approved for a mortgage at all with only 7 months employment history? (UK)?

22 years old living in Scotland
£18,000 income
£8000 savings
Employed full time for only 7 months.

Is overtime pay considered?
Added (1). hoping for 60,000-80,000 mortgage.
Added (2). Limited credit history but credit report returns highest marks "excellent"

Read more: Am I likely to be approved for a mortgage at all with only 7 months employment history? (UK)?

Being single or in an unhappy relationship?

Hello, ive read a lot of people saying they'd rather be single than in an unhappy relationship/marriage?

Why? What would make you unhappy but stay? Yes you may have a mortgage etc but whats point if youre unhappy? Money & material things don't make you happy.

At least if youre in a relationship you have the option to talk to your spouse & sort it out & get back to normal & happy again?

Read more: Being single or in an unhappy relationship?

Can I apply for a mortgage before finding a house?

Is it possible to have a mortgage ready for when I find a house, or do I need to find a house first?

Read more: Can I apply for a mortgage before finding a house?

My mortgage company failed to pay my taxes which are on an escrow account, what should I do?

Basically I had a contract with my mortgage company that I pay for my home every month and I pay my taxes together to them as well, unfortunately they didn't pay my 2013 taxes. I've tried to talk to them but the lawyer that works for the bank which handles this case told me over the phone that I should get my attorney to talk to him which I can't afford one. Now the taxes have been transferred to the county and I don't want to be responsible for the insane percentage interest they will have me pay for. I've payed my mortgage and taxes to this mortgage company for three years and always either on time or early. What should I do?
Added (1). I have all the statements and the proof that I have been paying everything I am supposed to.

Read more: My mortgage company failed to pay my taxes which are on an escrow account, what should I do?

I moved away from my hometown for university and now there is problems back home?

So my step-dad has a trial soon over a serious accusation. I honestly don't think he should even be going to trial in the first place however it's happening. The crime he is being accused of can lead to prison time and it is at a sheriff court so the max time is 5 years.

I decided to move away from my hometown for university last year and I couldn't wait to leave, and my life is much better at university. The problem lies in that I have 2 younger half-brothers (3 & 8), who mean so much to me, and their is a possibility their dad could go to prison. On top of this my mum is by far the inferior earner financially and she will be left with a mortgage and bills to pay by herself. I have a part time job and loan, so I am of no expense to her.

Life was so good, and then since being told this I feel like its being pulled away from me. At school, or even just back home I was shy and had no confidence but here I had the chance to reinvent myself and stop trying to impress others and I took it. I have great ambitions and I genuinely feel like I can be successful in my field. I notice improvements in myself constantly and that progress just wasn't happening back home where I felt trapped by the negative atmosphere that emanates from impoverished areas - I almost felt stupid for having the ambition that I did, to the extent that I would hide it. I just don't know what to do in this situation, what would you do?

Although this situation isn't definite, it's a woeful possibility.
Added (1). b/c of my part time job, I can only go home 10 days over xmas (which I'm also worried will be ruined), so it's hard for me to be there for my mum and brothers. My dad left home when I was a kid and although I still saw him, I feel it has caused some insecurities, and I remember at the time I thought he hated me and it was my fault. His leaving left me with trust issues - as a kid I always thought I would be abandoned.

I apologise for the lack of structure I'm just letting my thoughts out.
Added (2). The character limit makes it hard for me to explain everything but I guess a TL;DR would be:

Family could be torn apart, my brothers who I love may grow up without a father, I'm at uni across the country, I enjoy life here, hate it back home although I love my family & friends, and I just don't know what to do.

Read more: I moved away from my hometown for university and now there is problems back home?

Property taxes and homeowners insurance after paying off mortgage?

Do I still pay my property taxes and homeowners every MONTH after paying off my mortgage? Or do I make 1 payment per year?

Read more: Property taxes and homeowners insurance after paying off mortgage?

Best way to make money online?

Is there a way I need help I just lost my job and i need help anyone willing to teach show guide i need help i been resurching for months

Read more: Best way to make money online?

I'm looking to invest money?

Ok. So i am in the military and i just recently got married. I'm looking to invest money right now since i am deployed and can spare a few extra hundred dollars. What/where should i invest my money in. Thank you for your help:)

Read more: I'm looking to invest money?

Think I could get this house for $85,000?

The house has been selling over 2 months. They already reduced the price from $94,000 to $89,900. The market value on the house is $111,000. I really want to get a 15 year fixed rate mortgage but in order to do that I'd need to get the house for $85,000. How likely would they be to drop to $85,000 if they market value is at $111,000? It would be a really good deal.
Added (1). Just adding more information Simpson G, just relax don't do it.
Added (2). And mr g there are many other notable commenters from who I'd like to get their opinion on so if you commented on the last time I posted this question then there is no need for you to comment again.

Read more: Think I could get this house for $85,000?

Does a person know they are going to die soon?

I recently lost my father to 4 heart attacks, the last one killing him. We talked to family and friends and they all talked about how quiet he became, almost more peaceful and relaxed. He also told friends how he wants to go to Vegas very soon. He also paid our mortgage until March 2015. His health card was found in the trash among his car parts in the garage. He also told me (15 years old) one day before his passing (November 16) to ear healthier and stop with junk food. My question is, do you think he knew he was going to die? (we are catholic if that helps?) My curiosity is going to eat me alive. Thanks in advance!

Read more: Does a person know they are going to die soon?

Find the amount of 30 year mortgage at 4.2 % interest compounded monthly where the monthly payment is 779.84?

Find the amount of 30 year mortgage at 4.2 % interest compounded monthly where the monthly payment is 779.84?

Read more: Find the amount of 30 year mortgage at 4.2 % interest compounded monthly where the monthly payment is 779.84?

Find the amount of 15 year mortgage at 9.8% interest compounded monthly where the monthly payment is 308.17?

Find the amount of 15 year mortgage at 9.8% interest compounded monthly where the monthly payment is 308.17?

Read more: Find the amount of 15 year mortgage at 9.8% interest compounded monthly where the monthly payment is 308.17?

How to buy a house in boston if banks want me to make 40k per every 100k?

i dont understand how and any one normal. Can afford to buy a house. I go to zillow, and they expect monthly payments of 900- 1600 on certain houses. Then when i talk to the banks and mortgage broker they all tell me i need to make from 4000-8000 a year. Is there really any way some one who make 30k can buy a house in boston
Added (1). 4000-8000 a month

Read more: How to buy a house in boston if banks want me to make 40k per every 100k?

Better to get a 15 year fixed mortgage or a 30 fixed mortgage?

Is it better to:

Get a 15 year fixed mortgage.

OR

Get a 30 year fixed mortgage and invest the difference.

Wouldn't it make sense to get the 30 year mortgage and invest the difference?

If the 30 year mortgage rate is around 4.3% and I can expect an average of around 8% per year in the stock market in a 401k/Roth IRA.

Or is a 15 year the better way to go since the stock market fluctuates so much? Maybe I get 8% return over the first 5 years, then the stock market has a crash and goes down -40%?

Is 15 year or 30 year better financially?

I plan to stay in the house long time.

Read more: Better to get a 15 year fixed mortgage or a 30 fixed mortgage?

How many mortgages can you have?

I live in TX, and my husband currently has his parent's mortgage under his name. We're looking forward into buying our new home but, we're wondering if a second loan can be under his name. My credit is not so good so we won't be able to get a loan with my credit. I'm pretty sure that they'll look into his income but, I was also wondering if my income can be apply as well into the home loan. I'm new to all this home buying thing so I'm trying to figure out if there's any options for us. Thanks for the help!

Read more: How many mortgages can you have?

Help understanding home loans/mortgages?

My husband and I are currently renting a home, but we would like to start looking into buying one. Problem is we know NOTHING about buying a home, home loans, mortgages, down payments ect. What types of loans are there? What percentage of a down payment would have to put down for each loan type? Any information to help us better understand home loans would be appreciated!

Read more: Help understanding home loans/mortgages?

Behind mortgage one month,need to refinance asap?

Behind mortgage one month,need to refinance asap?

Read more: Behind mortgage one month,need to refinance asap?

Fha loan requirements for san diego condo?

Fha loan requirements for san diego condo?

Read more: Fha loan requirements for san diego condo?

Find the amount of a 25yr mortgage at 4.1% intrest comounded monthly where the monthly payments is 435.42?

Find the amount of a 25yr mortgage at 4.1% intrest comounded monthly where the monthly payments is 435.42?

Read more: Find the amount of a 25yr mortgage at 4.1% intrest comounded monthly where the monthly payments is 435.42?

Im going to divorce my multiple cheating wife?

She didn't tell me, I found out. It was 8 times with another guy, then she stopped for 3 weeks then went back to him again.

She says shes sorry & still loves me. We have 2 kids. I know she wants to make our marriage work but even with counselling I feel the trust has gone. How can I live wondering if she will do it again or not?

I did everything.Im not abusive, I never cheated on her, I gave her everything, love, money, attention, affection, romance, listened to her, talked to her etc etc.

If it was once I would work on things, but 9 times? That to me sounds like she had every opportunity to stop but didn't & kept going back for more. Ive never noticed her feeling guilty or sorry. She come home everynight after work & ive never had an incline something was wrong, she seemed all happy & chirpy without a care in the world as if everything is ok.

Am I doing the right thing? I know we have kids & built a life with a house & mortgage, but why should I stay just because of a house or finances if im going to be unhappy, angry, bitter, paranoid etc?

Am I doing the right thing?
Added (1). I am not interested in an "open marriage" and No I am not going to cheat on her as revenge that will solve nothing.

Read more: Im going to divorce my multiple cheating wife?

What do lenders need when you are modifying your mortgage?

What do lenders need when you are modifying your mortgage?
Added (1). They want my bank statements for three months and a few other papers, what is the calculator they use with a hardship letter to modify your mortgage pmt and approve it? I was told it just goes into a computer and it's a numbers game. If the numbers are good, your approved. Anyone else know?

Read more: What do lenders need when you are modifying your mortgage?

How to calculate mortgage overpayment?

How do you calculate mortgage overpayment?

Read more: How to calculate mortgage overpayment?

Does anyone else not like Big Show turning heel?

Wrestling question
He goes back and forth too much, he was a heel last year and didn't even go a full year being face, why did anyone have to turn? Show hated the Authority too, they've "fired" him before, bought his mortgage even if he's the only one they could probably choose because Ryback hasn't been back as a face long after his heel run, Rowan's been a face for a week, Ziggler's having his first face fun and Cena would've never turned
Added (1). Writing wrestling question stopped them saying it was a talk show question

Read more: Does anyone else not like Big Show turning heel?

Is it true that some people never finish paying off their mortgage because they only ever pay the interest?

I ask this question as someone who has never had a mortgage to pay, so naturally I don't know too much about it. Though, someone recently told me that people only pay the interest and never end up owning their house.

Can someone explain to me (in noob translation) how it all works with mortgages?

Read more: Is it true that some people never finish paying off their mortgage because they only ever pay the interest?

Recommend some nice light-hearted movies to watch?

some i really like that fit this category are The Sweetest Thing, My Best Friend's Wedding, Mystic Pizza, Because I Said So, The Wedding Date.
so if you think you know some that are like these please tell me

Read more: Recommend some nice light-hearted movies to watch?

Starting a new life somewhere?

Well where to begin I'm 24 years old and I'm bored and fed up with my life.

Over the last few months I've been feeling down and depressed my life has changed as my father left home and left me and my brother to look after our mum. I'm in a dead beat job that I hate and I feel as if the excitement has gone from my life.

Most of this has come about for 2 reasons my age and that my mates in my circle have nearly all settled down now. 3 have kids and married and my best mate is having a kid at 23. I would like to say I'm not jealous over them but it's made me realise that the friends I thought I knew when we had all these big plans and adventures we were going to do are no longer the same people.

I want to live my life to the full and see the world meet new people dance with hot women you know just the usual stuff lol. I've been contemplating leaving my home, my town, my family and friends and doing what I want to do which is live the life I want to live.

I know I've rambled on a bit but I don't know where to start or what to do. I feel bad wanting to leave all my friends but it's like you only live once and we're no longer on the same wave length anymore it's just all kids, mortgages and family's they want to do.

If I were to leave it would be to another city or country I've even been looking to find work on cruise ships or bar work and stuff.

It would be great to hear from people who have done it or who can relate on here but any answers very welcome.

Read more: Starting a new life somewhere?

Can someone explain buying subject to houses?

I understand that buying subject to homes means I would pay a mortgage under a previous owners name while having the house switched over to my name to avoid any down payments or credit checks.

But if I sold the house how much money would I give the person I bought it off of? I know the remaining balance would be payed off but what about the rest of the money? I'm looking to buy a subject to home in a few years and see how it works but I'd like to learn a LOT more about it first.

Read more: Can someone explain buying subject to houses?

Does someone legally own a property if they bought the mortgage note and the seller defaults on payments?

If someone bought a mortgage note on the Prosper web site and the owner defaults on the property, do the person who bought the note on the property, now legally own the property? Is the property legally the mortgage note buyer, who bought the mortgage note on the Prosper web site?

Read more: Does someone legally own a property if they bought the mortgage note and the seller defaults on payments?

Just finished second bachelor's degree. Where to go from here?

Here's my story in a nutshell: I graduated back in 2003 with a degree in Economics. I chose this major because of false promises of material wealth and pressure from my parents. My passion has always been languages, romance language in particular. After graduation, I got a job in investment banking, which pays quite well (200k plus bonuses), but left me intellectually unfulfilled. I became depressed and disillusioned. In 2011, I decided to return to school for a second bachelor's degree. My university did not offer a degree in romance languages so I chose a major in Spanish Language and Literature. My job allowed me to work reduced hours to accommodate my classes, and even paid for everything (they value bilingual employees)
Now I have the degree, but I thirst for more. I can't decide between a 3rd bachelors or some sort of graduate program, but these are my non-negotiable goals:
1) Perfect my French, Spanish, Italian and Portuguese, and learn Catalan and Galician. Then expand into Italian dialects.
2) Build a solid foundation of Greek and Latin
4) Study linguistics and the structure of human language.
My ultimate goal is a doctorate in romance philology. How do I get there while also accomplishing my learning goals? I cannot go abroad to study because I have a mortgage to pay and cannot afford to give up my job. Also, I expect my company to pay for my continued education. Can anyone recommend any programs in the US that fit my objectives?

Read more: Just finished second bachelor's degree. Where to go from here?

Methane leak in my bathroom - how to keep it from getting dangerous until I clear the money for a plumber?

The wax seal under my toilet is broken - it rocks, it leaks and the gas is starting to seep into the bathroom. It is 11/23. I will not be able to get a plumber here until 12/12 (mortgage and utilities due next paycheck). What can I do to keep this from getting dangerous? Should I caulk it or will the plumber complain about it and it won't work anyway?

Read more: Methane leak in my bathroom - how to keep it from getting dangerous until I clear the money for a plumber?

Find the monthly payment needed to amortize a typical $90,000 mortgage loan amortized over 30 years?

Find the monthly payment needed to amortize a typical $90,000 mortgage loan amortized over 30 years?
Added (1). at an annual interest rate of 3.3% compounded monthly. (Round your answers to the nearest cent.)
$

Find the total interest paid on the loan.

Read more: Find the monthly payment needed to amortize a typical $90,000 mortgage loan amortized over 30 years?

What happens to your mortgage if the bank goes bankrupt and is closed?

What happens to your mortgage if the bank goes bankrupt and is closed?

Read more: What happens to your mortgage if the bank goes bankrupt and is closed?

Can someone make 40k a month investing in real estate notes/mortgage notes?

Can someone make 40k a month investing in real estate notes/mortgage notes?

Read more: Can someone make 40k a month investing in real estate notes/mortgage notes?

What will a bank ask in an employment verification process?

In terms of a mortgage loan, what will the bank call to verify? They can't ask how much the salary is, can they?
I was thinking it would consist of Job Title and duties & Length of employment. Can anyone elaborate on this in detail?

Read more: What will a bank ask in an employment verification process?

How to qualify for an fha loan?

How do i qualify for an fha loan?

Read more: How to qualify for an fha loan?

How to find out if the mortgage is paid off on a particular location?

How can I find out if the mortgage is paid off on a particular location?

Read more: How to find out if the mortgage is paid off on a particular location?

Should I buy a home or keep renting?

My husband and I rent our home. We have a great relationship with our land lord and he has split home renovations with us and basically paid for half of everything we've always wanted to change/modify. Now we are in our 40s and we have 4 children all living here, we love it! We could buy, but that would set us back financially. Renting leaves us lots of money left over to take family vacations, afford better vehicles, etc. Why should we take on a mortgage now that wouldn't be paid off until after we retire? What is the benefit?! We don't need to borrow (we have no debt and don't take on debt lightly), so we are not going to be using the home as collateral. So why buy? Please educate me because my husband and I see no reason not to just keep renting until we retire and then maybe buy a condo.

Read more: Should I buy a home or keep renting?

Will wells fargo call my employer to verify my job? I have my mortgage with them and i just want a heloc?

Will wells fargo call my employer to verify my job? I have my mortgage with them and i just want a heloc?

Read more: Will wells fargo call my employer to verify my job? I have my mortgage with them and i just want a heloc?

Does anyone know how to get a mortgage loan without employment verification?

I happen to have some money aside from a trustfund and I do not wish to work right now, but I do want to buy a house. All banks require me to work in order to do that. What can I do instead?

Read more: Does anyone know how to get a mortgage loan without employment verification?

I have not paid my mortgage in 10 months. Can I get help?

I have not paid my mortgage in 10 months. Can I get help?

Read more: I have not paid my mortgage in 10 months. Can I get help?

Will I lose my home if I go bankrupt?

Will I lose my home if I go bankrupt?

Read more: Will I lose my home if I go bankrupt?

Can you get approved for a mortgage if you are foreign living in the USA with an O1 visa?

Can you get approved for a mortgage if you are foreign living in the USA with an O1 visa?

Read more: Can you get approved for a mortgage if you are foreign living in the USA with an O1 visa?

How many times can you refinance a va mortgage?

How many times can you refinance a va mortgage?

Read more: How many times can you refinance a va mortgage?

How does owning a home effect financial aid?

The reason why I ask this is because I lost my mother from a pregnancy complication because the Doctor gave her medication that wasn't even suppose to be in the room.

Also I just recently bought a house in full for around 80,000 with my name on the deed and my brother and dad live with me.

I'm currently working in a restraunt as a dishwasher and my dad as a cook at a, different place while my brother is a sophmore in high school.

Me and my dad earn very little and he is the one that pays the bills since that's what we'd agreed to for if I decided to buy the house.

I'm sorry to ramble on but I wanted to give people a better idea of the situation. Anyways what I'm asking is that with the house being in my name would I not be able to apply for Financial Aid since I own it without having to worry about Mortgages and etc.

Read more: How does owning a home effect financial aid?

Who has a better chance of getting a mortgage on a $500,000 home?

A person with $250,000 downpayment with a salary of $25,000 per year or a person with a $50,000 salary without downpayment

Read more: Who has a better chance of getting a mortgage on a $500,000 home?

Will my eviction show up on my background check?

About 5 years ago we were evicted from our house. What happened was there was a contract error that we found and when we brought it to the mortgage companies attention rather than yield to us they served us with a 3 day cure or quit notice followed by an eviction notice. We showed up at court to fight the eviction (just wanted more time than three days to move out) and when we got there, their lawyer was waiting outside the court room and we settled by giving him several hundred dollars to extend our stay. We never even went into the court room. I am wondering if this will show up. It does not show up on either me nor my spouses credit report in the public record or judgement section like I have read it could. I did an online check for public realestate actions and found our place of residency before that one listed as a place we had lived but not the eviction. Does that mean that it isn't recorded as a formal eviction?

Read more: Will my eviction show up on my background check?

Have you ever seen a house that you felt like the house wants you to live in it?

I wasn't even looking to get a house (currently renting) but I saw this house listed on Zillow and it just drew me in. I looked at it in person and I can just hear it saying it wants me to live in it! It's an old house, very cool retro vibe. However I'm getting that feeling like "The Shining" and kind of thinking this is some kind of evil entity wanting me to move there so it can possess me. I got approved for the mortgage and the payments are less than my rent - should I buy the house?

Read more: Have you ever seen a house that you felt like the house wants you to live in it?

What is the toll free phone number for One Reverse Mortgage? - 1

What is the toll free phone number for One Reverse Mortgage?

Read more: What is the toll free phone number for One Reverse Mortgage? - 1

Should bank assign the mortgage to a third party? Would you please give me an advice?

Should bank assign the mortgage to a third party? Would you please give me an advice?

Read more: Should bank assign the mortgage to a third party? Would you please give me an advice?

Underwriting with a credit union?

What are the pros and cons of going through a credit union for a mortgage loan? They have their own underwriting dept- so I am wondering if that is a good thing or a bad thing… Or if it means anything different at all.

Read more: Underwriting with a credit union?

Should house insurance be lower if you do not have a mortgage?

Should house insurance be lower if you do not have a mortgage?

Read more: Should house insurance be lower if you do not have a mortgage?

Employment change before Mortgage application?

I am the main income provider in my marriage, my wife works part time and doesn't earn much at all. We were preapproved earlier this year for a loan to build a home but decided to wait until spring of next year. My wife is wanting to change jobs and possibly even profession. How will this effect the mortgage process next year. She provides about 1/10th of our income as of now.

Read more: Employment change before Mortgage application?

Is there a fee required to sue a spouse that is late on child support?

My dad keeps delaying on child support unpurpose so we won't have the money to hire a lawyer. In addition, we are having difficultly keeping up with the mortgage.

Is there a fee required to bring him to court? Or can we just sue him just like that?
Thanks.

Read more: Is there a fee required to sue a spouse that is late on child support?

What are the options for this grave situation?

My co worker has been struggling to hold on to her house, it's now under foreclosure. She is also very behind on her condo fees, but she regularly pays $700 each month ( actual fee is $500, she pays $250 for the past due.
Anyways, a Sheriff left a Writ and Schedule of property. What does this mean?
Also the Sheriff's office ( when she called) told her that she has 30 days and she will be evicted. My friend is moving to Texas, when will be living with her mom. So before she leaves she was planning on donating her furniture and everything including clothes to the salvation army. She she do that? She has gotten a better job out there and will be only taking one suitcase worth of stuff.
So what does this all mean? She will be doing a short sale. This Writ and schedule of property is not from her bank who has her mortgage but it's the condo association.
Your feedback is greatly valued and appreciated. Thanks!

Read more: What are the options for this grave situation?

How to get a mortgage with bad credit? - 1

My boyfriend and I have decided to purchase a home together. (Yay!) We've house hunted for several months with the intention of buying a foreclose out right. We recently found a house that we fell in love with. It is a short sale, and needs minor repairs. Because it isn't bank owned, we would be able to get a mortgage for it. One problem, my boyfriends credit is bad. (He has paid off all of his credit cards and is now being responsible) Our banker told us it would take about 6 months for his score to be where it needs to be. But we're sure the house will be gone by then! What can we do? Is there a bank that would still loan us money, perhaps with just a higher interest rate? (I have great credit but not enough of an income. My boyfriends income is great.)

Read more: How to get a mortgage with bad credit? - 1

Premarital Asset in Florida - purchased house before marriage?

I have a friend who purchased a home before getting married, he has since gotten married and is about to do a refinance, it has been learned that his spouse will have to be added to the mortgage (not title or note), have to sign Truth in Lending and also a Right to cancel. The intent was never to add spouse to mortgage but learned that Florida law requires spouse be added in the case of the refinance. Question 1. What would this entitle the spouse to in case of a divorce Question 2. Can a document be drawn up and notarized stating that the spouse is only added because its law and the property is not a non restricted gift. Question 3. Would a spouse have to be added if it was a different financial product such as a home equity line of credit (not a home equity loan of any type)

Read more: Premarital Asset in Florida - purchased house before marriage?

How much is a good amount to save for a deposit for a mortgage?

Basically we are first time buyers and wanted to know how much is a good amount to save…

Read more: How much is a good amount to save for a deposit for a mortgage?

Is 22 too young to be thinking about marriage?

- My boyfriend is older
- We have dated for over five years
- We are both degree-level educated
- We live together but do not own a house - it's very hard to get a mortgage at the moment - should we prioritise this?
Added (1). Update: We aren't American, we are English - if that changes anything!

Read more: Is 22 too young to be thinking about marriage?

Who rates mortgage companies? - 1

Who rates mortgage companies?

Read more: Who rates mortgage companies? - 1

How to use childrens name purchase real estate in New York?

How can I use childrens name purchase real estate in New York?

Read more: How to use childrens name purchase real estate in New York?

Should I buy a cheaper house or?

Which scenario is better:

Buying a $45,000 house on a 15 year mortgage then selling the house after building enough equity to get a $90,000 house on a 15 year mortgage

Or

Buying a $90,000 on a 30 year mortgage.

Is buying the $90,000 house on a 30 year mortgage right away better financially since I won't have to deal with realtor commissions if I sold the first house?

I will make extra payments on both scenarios. I'd be able to make more extra payments on the cheaper house than the $90,000 30 year mortgage house.

My main goal is to get the $90,000 house.

from a financial perspective which is better?

Read more: Should I buy a cheaper house or?

Can you get a mortgage if you have a place already and want to get a more expensive one?

I m wondering if you can get a mortgage if you for example want to upgrade your condo to a more expensive one. So say you own a place for 350000 already and want to get a place for 550000 or something, would you have to get approved for a 200000 dollar loan after you sell your first place since you have 350000 cash to put down or would you have to get approved for a 550000 dollar loan because a loan is technically the bank buying the place and you have to pay them back correct? If so it would be a lot more difficult to get qualified for the higher loan so I m just wondering what the rules are. Thank you.

Read more: Can you get a mortgage if you have a place already and want to get a more expensive one?

Can I work from home as a mortgage broker if I live in the same state as the consumer seeking a loan?

Do I need an outside office if I'm a mortgage broker in the same state as the consumers for the loan? If there is a problem with the loan, couldn't I just drive to their home and meet with them? Can I be a home based mortgage broker?
Added (1). I have my own business, I don't work for anyone. I'm prepared with licensing and qualifications.

Read more: Can I work from home as a mortgage broker if I live in the same state as the consumer seeking a loan?

What does indicated by mean in the following provision of an anti-corruption law?

Any public official who secures an undue advantage to himself or another person indicated by the public official to perform or not to perform a task
with regard to his duty shall be punished with imprisonment up to twelve years.

Read more: What does indicated by mean in the following provision of an anti-corruption law?

Can a contractor force me to rebuild after a fire?

After my house caught fire, I had to hire a contractor to do the clean up per the insurance companies request. The only "contract" we had was stating he would be the contractor for whatever work was done. This was early on and more repairs had to be added to the final estimate. The contractor was overly eager to start repairs and I let him know many times to not do any work until I heard from insurance co. I wanted to "total" the house. When ins. Co. Said I could I let him know I have chosen not to repair the house and that I would be sending his check for the debris clean up. This was all he was approved to do. He then tells me they have completed half the work on the house and that I have to proceed. He never informed me that he was even working on the house. He emailed my ins. Co. To tell them I "stopped" the rebuild. The rebuild I never approved and they are demanding payment. Worst of all, I suspected something when he refused to give me an estimate (as the repairs were more than my policy) I check with the county and he has no license (!) and works under a family members license. Is any of this legal for him to do? He informed my ins. Co. That I am planning to pay off my mortgage. He doesn't know I already did. He has been threatening me with liens and saying he will get his money out of me. Again… IS THIS LEGAL? Thanks for any help to this. This has got me so stressed I think I need to up my meds. LOL.

Read more: Can a contractor force me to rebuild after a fire?

Division of Property in a Default Divorce CA?

Parents getting divorced after 35 years.
Dad hasn't responded to divorce.
Default filed.
Divorce final in Dec.
Mortgage in both names.
Judge won't divide assets without trial.
Court denied request for trial due to no response from Dad. Help?
Added (1). It sure is easy for strangers to tell someone to spend 4,000 dollars for an uncontested divorce in which the paperwork has already been filed and there is one property and no kids. No wonder this country is in the shape it's in. NOT ONE of you could think of an original idea. If you've gone through a divorce in CA that was defaulted, then I expected comments from personal experiences. If you don't have a solution, why repeat what the last person said? You All are idiots. Yeah, I said it.

Read more: Division of Property in a Default Divorce CA?

Premarital Asset during a refiance?

I have a friend who purchased a home before getting married, he has since gotten married and is about to do a refinance,
it has been learned that his spouse will have to be added to the mortgage (not title or note), have to sign Truth in Lending and
also a Right to cancel.

The intent was never to add spouse to mortgage but learned that Florida law requires spouse be added in the case of the refinance.

Question 1. What would this entitle the spouse to in case of a divorce
Question 2. Can a document be drawn up and notarized stating that the spouse is only added because its law and the property is not a non restricted gift.
Question 3. Would a spouse have to be added if it was a different financial product such as a home equity line of credit (not a home equity loan of any type)

Read more: Premarital Asset during a refiance?

Changing to lower rate mortgage?

I am a 36 year old single mum. I have a mortgage with Northern Rock and I am desperate to change to a lower rate mortgage. I work in a low paid job but I have a lot of equity in my house.
My mortgage is £120,000 but my house is worth £400,000.
I have never fell behind with the payments and I have excellent credit history. Does anyone know of any mortgage company that could help me?
I live in England, by the way.
Thanks.

Read more: Changing to lower rate mortgage?

Is there a law preventing the forecloser of a house due to a spouse refusing to pay child support?

I'm 16. My parents divorced.
My dad is being a real jerk.
He keeps accusing me of betraying him because I chose my mothers custody.
Not only that, he keeps refusing to pay child support making excuses that he doesn't have money now even though he has a 3k salary every week.

We went to court before but that $@#% judge didn't give us spouse support.
My mom was a stay at home mom full time and I have 3 siblibgs. She doesn't have much work experience and isn't making much.
Every single cent of her money goes to our food and mortgage. We can't afford heating or anything else.
The mortgage is 3k a month. My sister and mom are constantly struggling to keep up. My dad sometimes is a couple months late paying child support on purpose. He is trying to cause the house to go in fore closer.

My mom is bring a push over and letting him get away with everything.

This is really stressing me out. I have no idea whether we'll get to keep the house. I really want to stay. It's a farm. I think that we could rent it out to horses.
But my dad is determined to ensure our lives our miserable.
I feel like I'm at the end of my rope and my walls are closing in.

Isn't there some sort of rule with consequences for being late on child support causing fore closer?
Please let me know about any rule or penalty that will help. I really appreciate it.

Read more: Is there a law preventing the forecloser of a house due to a spouse refusing to pay child support?

If me and my husband receive disability benefits can we still buy a house?

If me and my husband receive disability benefits such as; PIP, DLA, Motability etc

Is there any help out there for us to buy our own house?
Will a mortgage company allow us to on our benefits?

Read more: If me and my husband receive disability benefits can we still buy a house?

Any senior citizen out there, who has gotten a reverse mortgage, has it helped you?

Any senior citizen out there, who has gotten a reverse mortgage, has it helped you?

Read more: Any senior citizen out there, who has gotten a reverse mortgage, has it helped you?

Moving to the US Virgin Islands?

Hello,

I was wondering on a few things about moving to the US virgin islands. I have been an American citizen for eighteen years. I was born here and raised here. How does the imigraition policy work between the US Virgin Islands. I also have another important question and please do not make fun of me, please. I have Aspergers Syndrome and a lot of depression and anxiety issues, not bad issues. I found out that when I turn eighteen in a few months if my social security disability benefits would transfer to the Virgin Islands through the federal government of the US. Is the health care decent or average. I am looking around for a good psychologist and psychiatrist in Virgin Islands.

Besides me if you have any advice that you would recommend me knowing Please do NOT hesitate to state.

Thank you

Read more: Moving to the US Virgin Islands?

Is your home mortgage information open to public record so that a stranger can go look it up?

I recently had an issue with my uncle, who happened to know everything there was to know about my mortgage on my home. How is this possible? Is this information public record, and if so, why?

Read more: Is your home mortgage information open to public record so that a stranger can go look it up?

What happened to long beach mortgage?

What happened to long beach mortgage?

Read more: What happened to long beach mortgage?

Advice on emergency preparedness on a budget?

This year has been a nightmare. My husband and I finally closed on a little tiny house we had been saving for and are starting a family. (We had a good, stable job) The rug was pulled out beneath us upon finding out our employers were involved in illegal activity and due to the economy were forced to grab the first job available. They hired both of us and then a month later while we were still recovering, decided to close up shop. So we have wonderful luck! We found out today. I am pregnant, we have a mortgage and winter is here. We will find work, I'm sure, but until then please offer supply advice? We have a tiny bit of money and would like to spend it on preparedness if it takes longer than expected. Cheap foods to stock up on if we can't buy groceries, lanterns if the lights are shut off, etc. We have agreed we will sit in a dark house with Ramen before losing our home. Thank you in advance! :)

Read more: Advice on emergency preparedness on a budget?

How to access public records regarding purchase of home?

I just bought a house and found out that this information is available to the public. I have been getting things in the mail for mortgage life insurance. How do people access this information? Is there a way I can see it online for free?

Read more: How to access public records regarding purchase of home?

Fake W-2 with real information?!

I m in the process of getting a home mortgage and I need to get my W-2s really fast to complete closing quickly. I don t have any copies. Unfortunately, I kind of burned some bridges with my previous employers and I know they ll be in no hurry to send me my W-2s. I have my W-2 transcript from the IRS website with all of my information, so here s my question…

Can I just copy that information and fake a W-2 form for my lender? I m not making up my income and everything would check out if my lender decided to verify the information, it just wouldn t be the real W-2 from my old employers.

Read more: Fake W-2 with real information?!

I live in he duluth area and am lookings for a used free washer? I will pick it up?

I am a new wife and am starting a new family. We just moved into our new house and and in between jobs at the moment. We have a 10yr old boy who loves to play hockey and basketball. Snowboarding and ice skating are his favorite winter sports. These sports are very expensive and between bills, mortgage, and his sports I have no extra money to do anything. Our family would be greatly appreciated for anything that will wash our cloths. The laundy mat is to expensive for me to keep going to. I have a dryer and thats why I am only looking for the washer part.

Read more: I live in he duluth area and am lookings for a used free washer? I will pick it up?

How do people survive financially these days?

At the moment I live off my grandparents, and since my grandfather is 80 years of age I realize money won't last forever. But I am worried things are ridiculously expensive these days and I don't eat junk or buy rubbish (like coffee, sweets, and purchase things I do not need). Like he is nearly finished my parents mortgage (a few more years) so a house we have and I get a freedom pass so trains can keep me busy so my concern is, when I have to live poor, how will I make it? Even with benefits, I dont understand how people make it these days. Can someone explain please?

Read more: How do people survive financially these days?

Should i refinance my mortgage or not?

Should i refinance my mortgage or not?
Added (1). I have paid on my mortgage for almost 10 years now and have be approached about refinancing. My payments now are $1069 with an interest rate of 6.275 but will be going up because they haven't been collection enough for escrow. The lender i have now will refinance with the fees only being $450. I can choose 1. A 30 year with an interest rate of 4.875 at $976 per month 2. A 20 year with an interest rate of 4.75 at $1042 per month 3. A 15 year with an interest rate of 4.25 at $1127 per month
Added (2). or not at all?

Read more: Should i refinance my mortgage or not?

Whats a really high credit score and how do i get that high?

Whats a really high credit score and how do i get that high?

Read more: Whats a really high credit score and how do i get that high?

Should i rent to a family going through foreclosure?

a Family came to view my rental house, they have bad credit and are in forclosure, the wife only makes 20,000 a year and the husband is promised a realtor job in 1 month when he gets his license, he gave me the name and number to verify the promised job, the rent is 950.00 a mnth plus they would have to pay all utilities. They would give me 2 months up front plus sec dep, i really need to rent it out because the holidays are here and i cant afford 2 mortgages. Should i do a month to month with them? Or let it sit and not get anything. Not sure what to do.

Read more: Should i rent to a family going through foreclosure?

Will it cause any major issues if I shorted my mortgage company a little bit of money on a payment?

I still write checks for my bills, & today I noticed that my bank account had a little more money than it should have. When I went online to investigate, it turns out that I made an error on my mortgage payment this month-I put the correct amount, $1123 in the little box, but then on the line where you actually write everything out, I mistakenly wrote 'One thousand twenty-three…'. So I guess they cashed it for the $1023 instead of the $1123. Am I going to get into any sort of serious trouble for this? Should I just write to them & send a check for the $100? Or will it be safe to just wait til next month & send the $100 along with that month's payment?

Read more: Will it cause any major issues if I shorted my mortgage company a little bit of money on a payment?

Is it okay to spend a lot of money right before buying a house?

I have $34k saved up and have plans to purchase a house by the end of February or March. I'm 22 and living with my parents and I really want my own place. I have been saving for a long time and I DO NOT want to rent an apartment.
Anyways…

I Planned on taking a vacation in January since it's the only free time we'll have for a while. I'm expecting it to cost no more $4500 to $5000 max. I know that bank will need to see my past 6 months bank statements when I apply for a mortgage.

Will this effect the mortgage process when the bank sees this?

Will they look down on spending a lot of money RIGHT BEFORE buying a house?

Will it effect my mortgage interest rate? I currently have a 765 credit score and would like to get the best rate possible,

Can I give them my previous 12 months of bank statements to show I have a good history with saving money.

I would think I would still qualify for a mortgage, I just don't want to have had any effect on my mortgage process.

Read more: Is it okay to spend a lot of money right before buying a house?

What was your favorite age to be?

Mine is 23. An adult in that you're making money that is not as immature as an undergrad but still young enough to have fun without responsibilities(kid, mortgage,etc) and still have a lot of energy to enjoy where life takes you.

What about you?

Read more: What was your favorite age to be?

How long will it take to close a short sale?

So I just put an offer on a house being sold as a short-sale. I offered the full amount that had been asked, in cash, about 150K. The seller accepted and the contract has been signed. How long do you think it will take to close the sale? I have no contingencies and I know the house is 100 percent since I chose to speak to the owners in person after some confusion between my agent and the bank's. Furthermore, I think that the price that had been asked for had been approved by the bank. I say this because the house had been under contract before I offered but the buyer backed out because of finances. Also, the house is solely mortgaged by Wells Fargo and I've heard some bad things about their short-sale process. Plus, when I spoke to the owners they said the bank had settled on the asking price listed. I'm guessing they won't be asking for more after they review the contract. All in all, at this point it is the waiting game. Any ideas on how long it will take? The owners make it seems like it will be soon.

Read more: How long will it take to close a short sale?

Would you pay mortgage with a credit card which is giving you 0% APR for one year?

Would you pay mortgage with a credit card which is giving you 0.0% APR (zero %) for one year, providing you will pay it at the end of the one year in full so you wont be paying very high interest at the end.

This is due to unemployment and sure that a good paying job will come soon.

Read more: Would you pay mortgage with a credit card which is giving you 0% APR for one year?

Rental income how to declare in taxes and how much?

If no expenses in the rental property, how do you declare it in taxes? Is rent covers only the mortgage, actually no additional income at all.

Does one increase the rent to cover the taxes and how much would you increase it?

Read more: Rental income how to declare in taxes and how much?

A 1031 tax deferred real estate deal?

A 1031 tax deferred real estate deal?
Added (1). Limited text it did so its here

I am selling my investment house for 1 million, to 1031 i need like, if less i get a Boot tax - Question is can i avoid the Boot if i spend 900,000 on one house and put the other 100,000 on a second house leaving me with no left over cash from the sell of my investment?

Read more: A 1031 tax deferred real estate deal?

Can I buy a house with bad credit?

Myself and my fiance have bad credit. Both of our scores are around 550 or so. We're currently trying to build our credit but it is taking a long time to do so. We really want to buy a home.

Our total monthly income is about $4,000. If we come up with a decent down-payment, is there still hope to get a housing loan?

Thank you so much.

Read more: Can I buy a house with bad credit?

How to calulate the per diem interest on a mortgage?

How to calulate the per diem interest on a mortgage?

Read more: How to calulate the per diem interest on a mortgage?

Ideas to make money from home needed immediately?

Hello! I have the same story everyone has heard a million times. My husband and I have a mortgage, I am pregnant and Christmas is coming and we can't stay at our job. We currently work for an estate sale company but it isn't working out. It is an hour away and the weather has turned badly. The reason we are employed an hour away is that our area is so economically depressed that it's hard to get a job at a fast food place even. We can get by on a total of $1600 a month if we penny pinch. Please share any ideas you have on making this amount from home. I am in a panic. Thank you!

Read more: Ideas to make money from home needed immediately?

How much would rent be on an 84k house with 650 credit score?

I plan on putting 5k down what could i expect for a mortgage amount. I know its just and estimate but im curious

Read more: How much would rent be on an 84k house with 650 credit score?

Should Band Aid 50 funds be diverted to bird flu hit farmers, not Ebola?

“I’d just like to say I hope that some of the money that’s raised for the people in Africa â€" maybe they could just take a little bit of it â€" maybe one or two million, maybe â€" and use it, say, to pay, er, the mortgages on some of the farms… that the farmers here owe to the banks.” - Bob Dylan
Added (1). Do we need a bird flu aid?

Read more: Should Band Aid 50 funds be diverted to bird flu hit farmers, not Ebola?

Can I buy an insurance for a home I am living in even if the title of the property is not under my name?

We mortgage our home, my husband died two months after we sign the mortgage as husband and wife, we pay the bank to do all paper works, I never know what I was signing he did not know he was dying, I don't have money to pay the mortgage, but I sign the loan. I am being force to pay the loan. He had two younger kids. I don't want to pay the loan because the property will not be transferred to my name even I will pay because of the younger kids. Now the Home insurance is due, the mortgage company is asking me to show that I have home insurance, when he was alive the home insurance is added in the escrow, now I don't pay the mortgage their is no escrow, the mortgage company send me and final notice to submit a proof of home insurance or they will buy from their end and they say it will cost $550 a month if they will buy the home insurance. R my name?

Read more: Can I buy an insurance for a home I am living in even if the title of the property is not under my name?

The financial crisis on Wall Street can be partially attributed to:?

A. Empowerment
B. Loan originators
C. Self-directed teams
D. Leadership vision.

Read more: The financial crisis on Wall Street can be partially attributed to:?

Need to get building blan approval for individual home?

Hi,

I am staying in Pallikaranai. I have individual house which consists area 1200 sq-ft, and we built on that around 750 sq-ft.(only ground floor) it was built by my dad in 2010.

Now the problem is the house has no plan approval from CMDA. It has only Patta and property tax receipt which we paid already. When approached CMDA few months back, they told to my father that, the approval can get only when to start constructing home, not for already constructed home.

Now i want to get a house loan or mortgage loan to build the first floor. But the banks are asking for approved plan and i do not have it.

So, I just want to get building plan approval for ground floor and first floor as well.
.
Please someone guide me on how to get this plan approval.

when i enquired few brokers are telling that they can get the approval, but the cost is very high.(it comes around 2.5 to 3.5 lakhs)

But actual price to get approval for both ground and first floor will come approximately 50,000 to 60,000.

Whether i can trust brokers or not. I really dont have idea… Since it is huge money which i unable to afford.

So, is it possible for me to get plan approval?

am confused on how to start and where to start now… If anyone guide me it would be really appreciated. Please…

FYI - For my area corporation zonal office - Puzhuthivakkam
Added (1). Typo Mistake… It is plan approval.

Read more: Need to get building blan approval for individual home?

Should I buy a house if I don't have much money left over?

I'm living at home right now but have saved up a lot for a 20% down payment and closing costs and initial things I'll need to buy once I move in. After the 20% down payment, closing costs and furniture, appliances, etc I'll have about $12,000 left over, this includes 6 months living expenses.

Monthly income:
$2,300 - (income after taxes, insurance, 401k contribution 10%, etc)

Monthly Expenses:
$650 - mortgage (15 year fixed rate, includes taxes and insurance)
$250 - electricity / gas (estimated)
$225 - car gas (be living 23 miles from work, currently live 30 miles away and spending about $250)
$100 - car insurance (22 year old with newer car, 2011)
$62 - cable ($62 first 12 months, $100 total 12 months after, direct tv)
$42 - Internet (lifetime gauranteed rate, windstream)
$200 - food (estimated)
$100 - TP, detergent, etc (estimated)
$100 - repairs / maintenance (assumes the house checks out for no big current repairs like roof etc)
$100 - clothes, grooming, deodorant, etc (estimated)
$200 - Roth ira (prefer to contribute but can be optional)

Total Monthly Expenses:
$2029 (estimated)

Extra Monthly Spending Money:
$271 (estimated)

Plus there's entertainment, birthday gifts, holidays, etc.

Is this enough monthly left over money to move out and buy a house right now?

Read more: Should I buy a house if I don't have much money left over?

What is the easiest credit to get?

loans, credit cards, car finance, mortgages
Added (1). UK

Read more: What is the easiest credit to get?

Is it possible to get a bank to do a short sale on a refinanced mortgage?

Is it possible to get a bank to do a short sale on a refinanced mortgage?
Added (1). Not recently, but well over a decade ago. Original loan was $60K, down to $48K. House might get $25K to $30K, perhaps a little more if we can find a decent realtor.

Read more: Is it possible to get a bank to do a short sale on a refinanced mortgage?

12 month Bank Statement Mortgage?

12 month Bank Statement Mortgage?

Read more: 12 month Bank Statement Mortgage?

What is the growth of principal limit on a reverse mortgage?

What is the growth of principal limit on a reverse mortgage?

Read more: What is the growth of principal limit on a reverse mortgage?

To get a reverse mortgage on a townhouse does it have to be HUD approved? - 1

I know that for a condo it has to be HUD approved, but what about a fee-simple townhouse?

Please provide link to confirm your answer.

Read more: To get a reverse mortgage on a townhouse does it have to be HUD approved? - 1

Why do white people earn so much money?

I don't know if it's a Dallas thing, but I live in Dallas and the majority of white people here live way in the north suburbs with huge homes and a lifestyle of money.

There are very few poor whites here.

First of all, how do all make so much money?

I'm going to be honest, I've worked 3 jobs since I graduated from college, and it just seems to me that whites are like in a whole different world in terms of salaries.

I work in tech support so help with all these payroll programs and know the salaries of everyone.

People with just jobs that anyone can do earning 70,000 or more per year, and once I start getting into management it is like 200Ks - 400Ks.

I honestly don't get it, when they barely want to pay tech support now in my city they are even getting as low as $12 dollars an hour. I managed to get $19, but that was after aggressively seeking a higher wage.

The sad part is, that even people in the same department, I see white people earning like 80K and their non white counterparts one is earning 40K and the other 50K although the latter two have college degrees, the first one doesn't, and have been same number of years at the company.

I just don't get why whites seem to be in a whole different range of salaries?

And I'm not complaining, or envying, or being jealous, I'm ok with what I earn, I've been smart with my investments and home mortgage to a point where I can live comfortably with my 40,000 a year. I just would like to understand the whole salary difference.
Added (1). Must be a Dallas thing then. The only whites here making 7.25 are HS kids just wanting extra money, or maybe some ex druggie, partier, baby momma with lots of kids and boyfriends, but that's it, not a whole lot of adult whites in the Dallas area making minimum wage.
Added (2). And I said management makes up to that. But there's this lady, white, just high school, up until a year ago she was just taking care of her kids in the country, and now she's making 70K, and pretty much all she does all day is make copies, prepare them and ship them with documents, and she was trained to do all this. Barely knows how to use computer except for what she was trained months to do here.
Added (3). So maybe you should move to Texas.
Added (4). When she started, she didn't even know how to login to the computer or even send email.

And she's not the only one. There was this other white lady as well, making good money now, who did not know how to login, send email, or even open programs on the computer.

This is not the first company I've seen it in. I've seen it in all 3 I've been, and I know this, because it's me they bug when they can't send email or open a program. Not a technical issue, just user issue.

Read more: Why do white people earn so much money?

WEEKEND PROJECT: Daughters Playroom idea good or bad?

Hi everyone. So heres a little back story, my girlfriend and I had our daughter Tahlia when we were very young. I was 19 and she was 17 and both our lives changed drastically. I went to college and graduated from Police foundations and after graduating i got a partime job with the Armed Forces and do security gigs here and there for extra money amd my girlfriend went to college to take Pre Health

we moved into my grandparents summer home after I inherited it from them and they paid off the mortgage on it.

since we don't eat in our dining room its too small to get in and out off and we thought of turning into her play room. Today we moved out the table,chairs a cabinet out. I repainted the room a mauve color and I was thinking of putting toy bins in there, a little bookshelf for her books, a little table and a pink sofa chair for her to sit in. Since she loves the Disney Princesses, Disney Fairies and Sofia the First and I bought many toys and every other product themed from those i thought it would be alright to have one wall of each in the roomed themed after DP, DF and STF using posters and wall decals.

what do you think good or bad? If you have any ideas please let me know! This is a weekend project. You are all thanked in advanced

Read more: WEEKEND PROJECT: Daughters Playroom idea good or bad?

What do we need to have when buying a house and lot?

I mean, except from deed of sale. What other documents we need to have after buying a property?

Read more: What do we need to have when buying a house and lot?

Is getting a loan to buy, move, and setup a trailer considered personal or a mortgage?

I want to buy a $12,000 trailer. Including moving it to my property, buying and installing a septic tank, setting up electricity, laying the foundation etc. Runs up to about $20,000. I really wants this but don't have the money so I figured a bank may loan the money to me for a 6 year loan or something. I'm not sure if this would be a mortgage or a personal loan or what but advice would be appreciated.

Read more: Is getting a loan to buy, move, and setup a trailer considered personal or a mortgage?

If I have an average income for approx. 24,900 after taxes…is it possible to get approved for a home loan?

From the mortgage calculator I used it said that the mortgage payment would be almost the exact same that we have been paying in rent for the past 3 year and never once been late (I don't know if they take that into account or not) The home that is for sale we are looking at is priced at $59,900 but its valued at approximately $76,000. According to credit karma we are rated as having good credit

Read more: If I have an average income for approx. 24,900 after taxes…is it possible to get approved for a home loan?

To get a reverse mortgage on a townhouse does it have to be HUD approved?

I know that for a condo it has to be HUD approved, but what about a fee-simple townhouse?

Read more: To get a reverse mortgage on a townhouse does it have to be HUD approved?

Is trying to sell through a realtor the best bet?

Old house, built in 50's. Needs a good bit of repairs/work/modern updates for wiring and plumbing, but secured on a refinance loan from over a decade ago. Doubtful that it will sell for what is needed to pay off the remaining amount on the refinance loan. Secured through Chase mortgage. Any advice?
Added (1). Neighborhood has gone downhill over the years and even a like-new house across the street is having a hard time selling. They keep going down on the price and still no takers.
Added (2). $48K left on the loan and it just might get $30K, if that.

Read more: Is trying to sell through a realtor the best bet?

Top things to consider when buying a house? - 1

I'm 22 and been saving since I got my full time job 4 years ago and I make $40k a year before taxes. I have $35k in the bank and willing to put 20% or up to $20k for down payment on a house, What should I consider when buying a home? I heard location is the number one thing to consider when buying a home. Houses are cheap where I live.

Should I buy a cheaper $45k 2 bedroom 1 bathroom house or a $95k 3 bedroom 1-2 bathroom house? If I buy a cheaper house I can get a 15 year fixed mortgage and make extra payments and can get it paid off around 5 years. If I get a $90k house I would get a 30 year fixed mortgage and can get it paid off in around 12 years. Both calculations include property taxes and homeowners insurance. I'm guessing the bank will let me qualify for around a $110k house but 90k is the highest I'm comfortable buying. Credit score is 765.

Any other tips or experiences from home owners is appreciated.

Read more: Top things to consider when buying a house? - 1

Is this a good way to prevent financial abuse in a marriage?

Lets say that the husband is the one who works 100% to support the family, and the wife stays at home, and both the husband and wife split the housework 50-50. (that includes cooking, washing clothes, everything).

He does not want his wife to go crazy spending money on shoes and $500 hand bags, and she does not want him going crazy spending money on $500 rims for his car.

So he comes up with this idea: He will pay for all of the monthly regular family expenses (mortgage, furniture, insurance, food, medicine, auto costs, utilities), but for all other things, like toys, electronics, entertainment, travel, clothes, cosmetics, non-maintenance things for cars, shoes, handbags = each of them will have only $500 to spend each month on such things, no more. Sort of like an 'Allowance' for each of them. This way the essentials in life get paid, but they don't have to worry about the other side going CRAZY with any unusual spending.

Is this a good way to prevent financial abuse in a marriage?

Read more: Is this a good way to prevent financial abuse in a marriage?

I'm so fed up! I just want to finish this?!

02 Jun 01 1110 Cash 24,960.00
02 Jun 01 1311 Computer Equip. Need a Description 35,520.00
02 Jun 01 3100 Capital Stock Need a Description 60,480.00

03 Jun 01 1110 Cash 49,200.00
03 Jun 01 1311 Computer Equip. Need a Description 12,000.00
03 Jun 01 1211 Office Equip. Need a Description 1,200.00
03 Jun 01 3100 Capital Stock Need a Description 62,400.00

04 Jun 02 1311 Computer Equip. 160,000.00
04 Jun 02 1110 Cash Need a Description 32,000.00
04 Jun 02 2202 Notes Payable Need a Description 128,000.00

05 Jun 04 1211 Office Equip. 600.00
05 Jun 04 2101 Accounts Payable Need a Description 600.00

06 Jun 08 2101 Accounts Payable 120.00
06 Jun 08 1211 Office Equip. Need a Description 120.00

07 Jun 10 2202 Notes Payable 24,500.00
07 Jun 10 1110 Cash Need a Description 24,500.00
09 Jun 16 1110 Cash 8,250.00
09 Jun 16 4100 Computer & Consulting Revenue Need a Description 8,250.00

10 Jun 16 1510 Land 15,000.00
10 Jun 16 1411 Building Cost Need a Description 80,000.00
10 Jun 16 1110 Cash Need a Description 9,500.00
10 Jun 16 2201 Mortgage Payable Need a Description 85,500.00

11 Jun 17 1140 Prepaid Rent 6,000.00
11 Jun 17 1110 Cash Need a Description 6,000.00

12 Jun 17 5030 Advertising Expense 275.00
12 Jun 17 2101 Accounts Payable Need a Description 275.00

13 Jun 21 2101 Accounts Payable 240.00
13 Jun 21 1110 Cash Need a Description 240.00

14 Jun 21 1211 Office Equip. 775.00
14 Jun 21 1110 Cash Need a Description 775.00
Added (1). (Here's the rest)
15 Jun 21 1120 Accounts Receivable 4,800.00
15 Jun 21 4100 Computer & Consulting Revenue Need a Description 4,800.00

16 Jun 22 5020 Salary Expense 1,035.00
16 Jun 22 1110 Cash Need a Description 1,035.00

17 Jun 22 5040 Repairs & Maint. Expense 1,165.00
17 Jun 22 2101 Accounts Payable Need a Description 1,165.00

18 Jun 22 2101 Accounts Payable 275.00
18 Jun 22 1110 Cash Need a Description 275.00
25 Jun 30 5050 Oil & Gas Expense 790.00
25 Jun 30 2101 Accounts Payable 7
Added (2). 32 Jun 30 5110 Depreciation Expense
32 Jun 30 1412 Accum. Depr.-Building 189.20
32 Jun 30 1312 Accum. Depr.-Computer Equip.
32 Jun 30 1212 Accum. Depr.-Office Equip.

33 Jun 30 5020 Salary Expense 621.00
33 Jun 30 2105 Salaries Payable Need a Description 621.00

34 Jun 30 5090 Interest Expense 1,031.00
34 Jun 30 2103 Interest Payable Need a Description 1,031.00
Added (3). Okay please I just want to finish this project so I can work on my physics. I need help finding the cost for office equipment and computer equip. Then also checking if my interest expense and payable is correct.
The note payable relating to the June 2, and 10 transactions is a five-year note, with interest at the rate of 12 percent annually. Interest expense should be computed based on a 360 day year.[IMPORTANT NOTE: The original note on the computer equipment purchased on June 2 was
Added (4). calculated on the $120,000 for eight days. In addition, interest expense on the $97,000 balance of the loan ($120,000 less $23,000 = $97,000) must be calculated for the 20 days remaining in the month of June.]
Then for the depreciation
The fixed assets have estimated useful lives as follows:
Building - 31.5 years
Computer Equipment - 5.0 years
Office Equipment - 7.0 years
Use the straight-line method of depreciation. Management has decided that assets purchased during a month are treated as
Added (5). if purchased on the first day of the month. The building’s scrap value is $8,500. The office equipment has a scrap value of $400. The computer equipment has no scrap value. Calculate the depreciation for one month.

Read more: I'm so fed up! I just want to finish this?!