Financial Markets and Institutions?

1. You plan to purchase a $150,000 house using a 15-year mortgage obtained from your local credit union. The mortgage rate offered to you is 5.5 percent. You will make a down payment of 15 percent of the purchase price. Calculate your monthly payments on this mortgage.

Read more: Financial Markets and Institutions?

Can the bank cancel an approved mortgage if they see you get a car loan?

My dad just got approved by the bank today for his mortgage on a house he purchased. He said that he will cosign with me so that I can purchase my car. But now his real estate agent said that if the bank saw that he has a car loan before the move in date of August 5th they can cancel the approval, is that true? Or can he help get me a car next week? I am in ontario Canada.

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Can the bank cancel an approved mortgage if they see you get a car loan? - 1

Can the bank cancel an approved mortgage if they see you get a car loan? - 1

Read more: Can the bank cancel an approved mortgage if they see you get a car loan? - 1

Foreign loan and mortgage interest deduction?

I have a loan in a foreign country ( India) for a home construction and would like to deduct interest paid on my 1040.

I have a statement for the amount of the interest in foreign currency that is similar to so 1098.

If i deduct this interest will the IRS allow it?

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Proof of Residency of a Minor?

I am 16 yrs old trying to apply for my learners permit in Texas. What types of documents will confirm my resendency. Can I use a utility bill that has my parents name on it?

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How long does underwriting take on a fha home loan Help?!

Ok we started looking for a house because we got approved for a fha loan. In the beginning of April we got approved for a house that we wanted. Our original closing date was May 27 but something when wrong with a appraisal and we had to get trees cut then the seller lost there appraisal and had to get another one for them and long story short it was every little thing after another. We got the final appraisal done on Friday and they just got all the papers to finalize this morning. Our lend said they just have to go through the underwriting process. It has taken so long that the seller has threatened to back out and put the house back on the market my question was how long does underwriting usually take? Because the seller said if we don't close by Friday they are backing out.
Added (1). Think again tomorrow is Wednesday because today is Tuesday. And no the seller has to get a appraisal done when they put their house on market. We got the trees cut a while ago when they told us to. There was other issues with the other appraisal like light on a tree little petty stuff. And after a reappraisal to check if everything was fixed that go done Friday and papers came in at the end of yesterday and today our lender said that they are in line for underwriting.

Read more: How long does underwriting take on a fha home loan Help?!

Do home lenders have every right to sell other property as collateral?

Let's say my parents were unable to pay their mortgage, and now that company wanted to repossess my $85K Mercedes Benz since I took ownership of that mortgage.

I don't want to lose my beautiful car

Read more: Do home lenders have every right to sell other property as collateral?

I need to know if a mortgage is paid off?

14 Patrician Lane Medford N. Y.

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If my husband alone is on the title and mortgage for our house, will I receive half the equity if we divorce?

- We are in Michigan
- I've been contributing equally toward the mortgage for a few years
- Recently he created a new 15 year mortgage and refused (again) to put me on the title or mortgage
- He told me I am just a renter and will not have any rights to equity in the house if we divorce
- I said if I am just a renter I should pay a reasonable rent, so now I am paying less but this doesn't seem like a fair long-term solution
- I have near perfect credit and earn nearly as much as him so that is not the issue

Read more: If my husband alone is on the title and mortgage for our house, will I receive half the equity if we divorce?

I need some advice on buying a second property?

I currently have a mortgage with about £35K outstanding on it which will be finished in about 5 years, I am looking to buy a second property. How much deposit will I need and can I take money from my current mortgage to fund it?

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Is owning a home give you good credit?

Is owning a home give you good credit?

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How to input an employee being hired on an accounting journal?

How to input an employee being hired on an accounting journal?
Added (1). This is a very basic account journal for my undergrad course. Here is the entry:

Oct. 1 Devin Aromashodu begins business as a real estate agent with a cash investment of $15,147.
2 Hires an administrative assistant
Added (2). This is the list of accounts I can use for my answer:

Accounts Payable
Accounts Receivable
Advertising Expense
Buildings
Cash
Equipment
Gasoline Expense
Insurance Expense
Land
Maintenance and Repairs Expense
Miscellaneous Expense
Mortgage Payable
No Entry
Notes Payable
Owner's Capital
Owner's Drawings
Prepaid Insurance
Prepaid Rent
Rent Expense
Rent Revenue
Salaries and Wages Expense
Salaries and Wages Payable
Sales Revenue
Service Revenue
Supplies
Supplies Expense
Unearned Service Revenue

Read more: How to input an employee being hired on an accounting journal?

If I won a small lottery, can I pay off a mortgage instantly?

Assuming this was the case, is it possible to pay it all off, as one lump sum? Lets say, 3, 6 or 12 months into the loan? Maybe with a penalty fee or something?

I wouldn't be interested in putting some of it away for the life of the loan, I would simply pay it off.

I don't like owing anyone anything, not matter what, unless my life depended upon it, in other cases, I would go without. It's close to black and white for me.

Read more: If I won a small lottery, can I pay off a mortgage instantly?

Asking HUD to pay closing cost and realtor fees clarification?

I found a townhouse for $112,000. If I put in an offer over asking price and ask HUD to pay closing costs/Realtor fees so that NET to HUD is equal to full asking price, is that the amount my mortgage would be before subtracting the down payment?

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I haven't paid my mortgage in nearly 2 years, can i claim my home?

So I have been dealing with Chase bank for about 2 years about my issue of being underwater with my home, negotiating and basically providing all the information they have asked me for. Yet they have not requested a payment in nearly 2 years. I know this is farfetched, but are there any squatting rights? Could I make an attempt to claim my home? Maryland has limited squatting rights but I've been in this home for 15 years.
Added (1). Just to add, I can pay for the home. I'm waiting for CHASE to finalize some crap so i'll know how much to pay, etc. You people assume the worst, "they'll foreclose eventually and toss you", I live within my means, I was just wondering if i could claim my house. So much negativity.

Read more: I haven't paid my mortgage in nearly 2 years, can i claim my home?

How long in between multiple mortgages?

I have been pre-approved at my credit union for a mortgage amount. I want to live in the house but rent the rest out, then rent it out fully when I move out to a new house. The credit union said they would give me a residential loan, and this situation would NOT constitute as mortgage fraud. I recently found a cheap house nearby I could live in, and another one I could get soon after to live in and rent out. The CU said that they issue 2nd, 3rd, and so on mortgages, but they did not state a period in between mortgages. I would like to get both houses with the same mortgage or one a FEW months after the other if need be. My question is do they give you a period of time on your first mortgage before you can get your second if they know that both will eventually be investment properties? (Ex: You must have 6 months of on-time payment before pre-approval of second mortgage)

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Who gets the house in divorce?

The house is in both names and the deposit was paid by the husband of 120k he also paid the mortgage up until 3 years ago when he moved out and the wife pays it now. They lived in the house under 10 years. Even though the husband has moved out he has paid some money towards the house and when its need fixing. The couple have 2 children one is 8 the other 5 and it went to court and both parents both have shared custody of the children. The wife refuses to sell the house but the husband wants to sell the house as he wants a clean break and has a new partner and new baby on the way. Both husband and wife earn about the same amount. It looks like it will go to court what will happen with the house? Will it be split?

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Senior Veteran home air conditioning replacement assistance?

I'm trying to find out if there are any government grants or agencies that help senior veterans on a fixed social security income pay for a replacement of an air conditioning unit on a house. Its been around 100 degrees and his AC went out and is irreparable. The best price I could find was around 8 thousand which is well out of his price range. Thanks in advance for any assistance you can suggest.

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Do some elderly people with reverse mortgages still qualify for welfare?

Do some elderly people with reverse mortgages still qualify for welfare?

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How to get HOME MORTGAGE APPLICATION?

How to get HOME MORTGAGE APPLICATION?

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Want to pay an old judgment but can't find the plaintiff?

We are in the process of applying for a mortgage loan. We have an outstanding judgment from 5 years ago. I know what it is from. For two years, I have been trying to contact the landlord to make arrangements to pay off the judgment. I sent certified letters, but the receipt never returned. I recently discovered she sold the rental home this year.

When we rented the home the plaintiff used a property management company. So, I am not sure if she is aware there is a judgment as they filed on her behalf. I contacted them and was informed they did not recall the judgment and they could not accept the payment or file a satisfaction of the judgment on her behalf because she is no longer their client.

We cannot get a mortgage loan until the judgment is paid off and I attempted to locate the plaintiff to arrange for the satisfaction of the judgment. Unfortunately I have no way to get in touch with her. I went to the court and the only information they have is the plaintiff name and the property management address. So no help there. And court said they couldn't take a payment on behalf of the plaintiff.

I really need to get this resolved so we can finalize our mortgage. I am completely loss as to what to do. How do you pay off a judgment when you can’t find someone?

Read more: Want to pay an old judgment but can't find the plaintiff?

Do you need a credit card to get a mortgage?

Hi I recently got pulled over by the Vanquis credit card guys and I signed up for a credit card, as they told me it would boost my credit score… I have never had a credit card in my life, and am deliberating whether to use the Vanquis Card or not.

Well I decided to check my credit score for the first time in my life as I am saving hard for a deposit and I used Equifax.

My credit score was 489 which is classed as 'excellent' so is there much point bothering with the Vanquis Card?

I feel confused! Are these cards only for those with poor credit scores?
Added (1). On Equifax it says that anything over 467 is 'excellent' I am from the UK maybe not sure if the scores are different in other countries. But max score you can have with Equifax is 500.

Read more: Do you need a credit card to get a mortgage?

Using equity from a paid off house to buy another house?

My fiance and I are looking to buy a house. My fiance owns a home that is completely paid for. It was left to him by his mother when she passed away. My question is could we use the equity from his home to buy another home instead of getting a mortgage? Any advice would be appreciated!

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I feel like my husband is jealous of me being the breadwinner?

I spent 6 years as a SAHM, during which time my husband bounced between jobs (restaurants, roofing factories) to support our family of 5. I awill be the FIRST to admit, he was a great provider and I never took him for granted.

Fast forward---he begins getting his checks garnished and a lien is put on his bank account. So, I go out and get a job. Now, I have my bachelor's and was able to become gainfully employed with a company making TRIPLE what his income was. He continued working at he factory, but recently quit---due to him being too tired. (He worked graveyard)

Since beginning my job last year, I was able to get approved for mortgage and we purchased a house (that only is in my name due to his financial issues) and as of recently, bought a new family vehicle. (again in my name)

I do NOT rub anything in his face, but have been making decisions to propel our family forward. Yet, he has become sullen, moody and easily agitated. Especially, whenever I mention him aspiring for a career. He uses the excuse of not having a college degree---to say, he can't get but certain types of work… Or attempts to pursue a music career.

I feel resented by him, as if I expect too much or that I am doing too much in the way of being the "leader" of our family. But I don't know what he expects. Even as full-time dad, he doesn't clean, or cook. And I am still expected to come home and do all of this. I am starting to find myself repelled by his disposition.
Added (1). * Just to be fair--he DOES do some chores. He washes our sons clothes and he loads dishwasher. But outside of that---I almost always have to ask him or create a "hunnie To-do" list. I just want him to be fully invested if he's home and a self-starter. And to do a thorough job of cleaning bathrooms, sweeping/mopping, mow lawn and cooking sometimes. It feels like he does the bare minimum to get by.

Read more: I feel like my husband is jealous of me being the breadwinner?

Does anyone manually underwrite mortgages anymore?

I'm against credit cards and pay cash for everything. So, I can not qualify for a loan because I have yet to buy my credit with interest payments. I pay all normal bills rent, insurance, etc for more then 3 yrs on time. Have steady income for last 3 yrs and I have no debt since I pay cash or don't buy it. I make about $25,000 a yr. The house I want is $25,900. I will not qualify unless I find someone who manually underwrites and the company must allow for such a small amount. According to FHA they can not hold a lack of fico score against you when qualifying for a mortgage. Problem is I can't find any company that will take the time to do one? Any suggestions?

Read more: Does anyone manually underwrite mortgages anymore?

Why do Australians enjoy living in modern suburbia?

Don't you get bored of the sprawling monotony of red roof boxes? The tree-less environs? The million dollar mortgages for this?

Read more: Why do Australians enjoy living in modern suburbia?

What would be our easiest and most realistic option to get into a house, rent to own, loan or?

The housing market for renters is horrible where I live. There are little to no houses on the rental market. The ones there are, are way overpriced and the only people that are approved for them have spotless credit. We desperately want to move into a house and settle down for a long time. The apartment we are living in raises the rent every 6 months, and our wages aren't keeping up. So, to get to the point, we are thinking of either trying to buy or renting to own but aren't sure if it's even possible. We are extremely uneducated in the world of real estate. We don't have great credit, I'm a stay at home mom, and he makes just enough money so that we don't go hungry. But we do pay our rent. I've seen some cheap houses come up at auction but can you finance those easily? How does renting to own work? Would that even work for us? Are there rich people out there that would buy a house for me and let me do the work and pay their mortgage. Oh yeah I forgot to mention, we're both really resourceful people (usually haha).

Read more: What would be our easiest and most realistic option to get into a house, rent to own, loan or?

Would you rather be rich and die young or live long with an average income?

When I say rich I mean extremely rich. You will live an exciting life full of fast cars and travel. The other option is what the majority chooses. You will live a long life but worry about your mortgage and bills. You will have a steady job and be married to someone who gets fatter and uglier as you both get old, you might have a couple of kids who spend all your money too. So what is your choice?

Read more: Would you rather be rich and die young or live long with an average income?

What should I be making per month to be comfortable paying a 30 year fixed 210k mortgage?

My net pay (not gross) per month is $4900. I am locked at 4.125% for a 30yr fixed mortgage. I am set up to be paying 1300 a month (taxes included). I have a car loan of 300 a month, car insurance 150, cell 110, motorcycle insurance 50, food, gas, going out, 800. No current credit card debt. First time home buyer who's never spent more than 800 a month. I am nervous about thsee mortgage payments. I figure tack on another 300 a month for utilities and insurance. Looking around 1600-1650 a month, I'm guessing. Should I back out before closing and look for a cheaper place?

Read more: What should I be making per month to be comfortable paying a 30 year fixed 210k mortgage?

Can I get a mortgage after having Judgement from credit card company?

Thank You!

Read more: Can I get a mortgage after having Judgement from credit card company?

Can I use more than one realtor to help us find a home?

A realtor had connections to a broker who helped my husband and I secure a FHA loan just so she could represent us in our new home purchase. Now I feel obligated to use her to find our new home, but my husband wants to go with someone totally different and to just mail here a thank you card with $100. I told it would be wrong to not use her after all she has done for us. What do you think? Any suggestions?

Read more: Can I use more than one realtor to help us find a home?

If I didn't include the mortgage interest in my tax return last year, can I include it in this years' return?

If I didn't include the mortgage interest in my tax return last year, can I include it in this years' return?

Read more: If I didn't include the mortgage interest in my tax return last year, can I include it in this years' return?

How come some people Really can't handle money?

How hard can it be, every time I see people trying to get lower monthly mortgage payment, only to end up paying a lot more overal, my mind is just boggled.
And that's just a minor thing, it's not necessarily bad, but what do they do with the money they ''save''? Spend it on unneeded crap! Like cigarretes, or more expensive food… Also: When people notice after a time of trouble, say, a recession etc… And things are getting better, they immediatly start spending a lot more, and not even investing or anything, no, instead, the money is going to, again, useless upgraded versions of things they already have. Then there's the more extreme variant, people winning the lottery, buying a fancy house and car and not realizing that they can't keep up their lifestyle for more than a few years, when they could've made a lot more money by investing it.
I also encountered this: People who, for some weird reason, work for €3 an hour, so about $4 an hour, then say that money doesn't matter to them, and THEN they do want to do assignments/small tasks, for which the pay translates into less than what they earn, per hour! What kind of logic is that? Someone please explain.
Although, I guess if you're dumb enough to not get a proper education in the first place, it doesn't really surprise me that you're working for $4 an hour, but I was also talking about teenagers working when they're still at High School.

Read more: How come some people Really can't handle money?

Should I quit my job after 10 years?

I have worked at mcdonalds for 10 years. I am a manager. I make 16 an hour average of 400 a week. We got a new gm that I hate working for as well as others feel the same way. We have lost 3 great managers since she came in making it even harder to run smooth shifts. I am being told by many friends and family I should try waitressing but I'm not sure I'll make as much. I'm so nervous and stressed to just quit and possibly not like the next job or not make as much considering I have a mortgage to pay. I am super stressed most days and have even gone home crying. I just need some advice. Thanks

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How should I go about restoring my 72 Chevelle's 350 sb?

I have a 72 Chevelle with a 350 sb that has been sitting covered outside in Florida for the past 3-4 years. Before it began to sit I rebuilt the top end of the engine but then it needed some major body work and put me in a huge SNAFU. Anyways… I finally got the savings to bring it into a restoration shop, they got it running but said 3 cylinders had no compression and that it was leaking and burning fluids badly.

They stopped there and told me they would save me thousands of dollars and told me to go and buy a crate motor for the car.

I am thinking of bringing it home (I finally have a home with a garage again) and pulling the engine out myself and doing a rebuild slowly over the next year or so to make sure I do it right, and do it once.

Any ideas on this? I've added up an estimate of parts for a complete top and bottom end rebuild and it comes pretty close to what a new crate motor with 300hp would cost. However, if I rebuild it myself I would be able to spread the cost out little bits at a time over a year or two.

Time is not of the essence. I don't mind having a project like this again (I am pretty savy with mechanical issues when I have an interest).

Money is of the essence. I am a high school teacher with a mortgage and a baby on the way. I like the idea of spending little bits at a time on what I can afford rather than putting a $2500 charge on a credit card for a new engine.
Added (1). The restoration shop said they stopped at the point they did because they do not rebuild engines (they outsource that) and that they had no idea what would be causing the problems in my engine. They said it could be from a bad break-in with the last rebuild, or that the Florida humidity could have eaten away at all the seals/gaskets/bearings, or even as simple as valves/lifters not being tightened properly.
Added (2). Whatever the case with the engine, my plan is to bring the car home, remove the engine and put it on a stand where I could begin disassembly and start to inspect each part to see what all needs to be replaced. I would then take the block back to a machine shop to have it decked (it is already bored.30 over from the last rebuild) and also to have the heads looked at. I might just purchase new Vortec heads though just for the ease of purchasing matching components to specific brand new heads.

Read more: How should I go about restoring my 72 Chevelle's 350 sb?

Will the banks give me a $1,040,018 mortgage with a $250,000 downpayment and an annual income of 150K?

Will the banks give me a $1,040,018 mortgage with a $250,000 downpayment and an annual income of 150K? - 1
Added (1). Average price of detached houses in my city is over $1 million and I plan on going to medical school and becoming a family doctor. The townhouse I am living at is hitting $500K which I will split with my brother.

Read more: Will the banks give me a $1,040,018 mortgage with a $250,000 downpayment and an annual income of 150K?

Do I need 20k if i'm applying for mortgage?

Do I need 20k if i'm applying for mortgage? - 1

Read more: Do I need 20k if i'm applying for mortgage?

Will buying a car in cash affect my mortgage application?

I am fortunate to have been gifted a large sum from my late Aunt to be used as a deposit towards my first property purchase.

I have never had an overdraft, never been in debt, do not have any credit cards, however I have saved £20,000 cash to purchase a new car, so will not be taking out any loan. I do however have a student loan which I have been paying off.

If they see this substantial payment come out of my account, will this affect my decision even though funds will be remaining?

Read more: Will buying a car in cash affect my mortgage application?

How long would it take to pay off a 100k debt?

I don't know what the average income is in CA, but if you do can you please help me estimate how long it would take for an "average" office employee to pay off a 100k debt, assuming their monthly expense is also an "average" of CA (doesn't socialize much, tries to budget). Thanks.

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Can i claim back late fees on mortgage as had trouble paying as had amuerysm on brain?

Can i claim back late fees on mortgage as had trouble paying as had amuerysm on brain? - 1

Read more: Can i claim back late fees on mortgage as had trouble paying as had amuerysm on brain?

How does a reverse mortgage work? - 1

How does a reverse mortgage work? - 2

Read more: How does a reverse mortgage work? - 1

Am I able to ask the seller for a fence allowance and use an FHA loan?

Since I cannot use the 203k in order to finance the fence construction cost am I able to give the seller list price and ask that either money be put in escrow for a fence or even a credit will be given in the form of a lowes gift card. Basically anyway to finance a fence cost into the FHA mortgage?

Thanks for the advise and suggestions.

Read more: Am I able to ask the seller for a fence allowance and use an FHA loan?

Please advise on filing personal bankruptcy?

Please advise on filing personal bankruptcy? - 1
Added (1). I am on SS disability, have run through my savings, and have large credit card debt plus a mortgage. I can pay my mortgage, but not the cc. Can they possess my material assets(car, home, piano) or not? Please help.

Read more: Please advise on filing personal bankruptcy?

Christians why are so many of you hard core capitalists when Jesus was a communist?

Matthew 14:13-21
Jesus could have made a small fortune when he turned the five loaves of bread and two fish into enough to feed five thousand men, besides women and children.

Matthew 21:12
And Jesus entered the temple and drove out all those who were buying and selling in the temple, and overturned the tables of the money changers and the seats of those who were selling doves.
Added (1). @Fireball how is quoting scripture lying, he gave stuff away and stop people from making a profit, he is a communist!
Added (2). @2FollowHim what are you talking about, the bible gives you proof you still deny it, I didn't write those scripture.
Added (3). 20 reasons why Jesus was a communist
1. He threw the moneychangers out of the temple and called them theives. They were just ordinary businessmen in a laissez-faire economy.

2. He said, "It is easier for a camel to pass through the eye of a needle than for a rich man to enter the kingdom of heaven."

3. He encouraged people to give everything they could, and promised that god would support everyone in need. Just like socialism.
Added (4). [edit]Matthew 19:21
Jesus answered, "If you want to be perfect, go, sell your possessions and give to the poor, and you will have treasure in heaven. Then come, follow me."[/edit]

4. "turn the other cheek"

5. "love thy enemy"

6. "blessed are the peacemakers"

7. "blessed are the meek"
Added (5). 8. "woe unto ye who are rich"

9. "forgive our debts, as we forgive our debtors" -- clearly he would favor bailing out poor people with subprime mortgages.

10. "Give us this day our daily bread" -- what a sense of entitlement to demand handouts!
11. "Every mountain shall be made low, every valley shall be exalted" --although this is actually from Isaiah's prophecy about the messiah, it looks like a metaphor for proletarian revolution
Added (6). 12. Some early christians (before 200BC) actually established agricultural communes.

13. Jesus is soft on crime: anybody who believes in his scapegoat-like sacrifice will be forgiven.

14. Jesus loves the poor, the prostitutes, the lepers, etc. And he gave them free healthcare! That's not what Ronald Reagan or John McCain would do.
Added (7). 15. Jesus said nothing about or against homosexuality.

16. "and when thou hast shut thy door, pray to thy father which is in secret" -- clearly Jesus opposes school prayer.

17. Jesus performed the "miracle of the loaves and fish" -- divine government handouts for the poor.
18. "ask and it shall be given to you. Seek and ye shall find. Knock and the door shall be opened" -- giving the poor a sense of entitlement
Added (8). 19. "Blessed are the merciful"

20. "And if any man will sue thee, and take away thy cloak, let him have thy coat also. And whosoever shall compell thee to go a mile, go with him twain. Give to him that asketh thee, and from him that would borrow of thee turn not thou away" -- He clearly favors caving in to terrorist demands, and giving the poor everything they want.

Read more: Christians why are so many of you hard core capitalists when Jesus was a communist?

Should I take out a mortgage to continue college?

I don't have enough for a university

Read more: Should I take out a mortgage to continue college?

Seterus is in danger of aquiring faulty motgages?

I HAVE A FAULTY MORTGAGE WITH BANK OF AMERICA. BANK OF AMERICA IS ELLING THIS FLAWED, DAMAGED MORTGAGE TO SETERUS.

I AM TRYING TO ALLERT THE BUYERS PRIOR TO CLOSING

Read more: Seterus is in danger of aquiring faulty motgages?

CAN A FHA 203K LOAN BE FOR 15 YEARS?

i am trying to get a fha 203k loan but was wondering if its limited to just 30 year loan or do i have the option to do it for 15 witch is what i want

Read more: CAN A FHA 203K LOAN BE FOR 15 YEARS?

Do you have confidence in the usa financial systems and banks?

Do you have confidence in the usa financial systems and banks? - 1
Added (1). gender studies. Both genders need to borrow money,. But have lost confidence in usa banks. Low interest loans no more and mortgages too hard to get. All the new bank and financial fees no joke. Both genders now concerned about debt and financial conditions. It impacts marriage, having kids, home buying, car, and major financial decisions. Only higher income folks can really have good dates, relationships, and more stable marriage and family. The poor have no chance. High student loan debt, nope

Read more: Do you have confidence in the usa financial systems and banks?

Does VHDA offer biweekly payment options for FHA loans?

Does VHDA offer biweekly payment options for FHA loans? - 1

Read more: Does VHDA offer biweekly payment options for FHA loans?

Starting a new business, what books and records do I need to keep?

Starting a new business, what books and records do I need to keep?
Added (1). My main question is do my 'books' need to be a book in the form of old style ledger or can they be a spreadsheet?
At some point these accounts will be needed to support a mortgage renewal also so will need to be audited, not entirely sure what that entails at present either!

Thanks in advance for any pointers!

Sarah

Read more: Starting a new business, what books and records do I need to keep?

I'm a first time homebuyer, and I want to try to do this?

I want to get a mortgage for more than what I'm going to pay for the house but for less than what the house is worth. If I do go through with this I have to use my mortgage to pay my truck off. I know this is not the ideal way to go at all, but I do not plan on moving. Im getting a really good deal on the house and just for numbers sake it's listed at 108,000 and I will probably be giving 60,000 for it. Assuming the appraisal goes well, would a my credit union or any lender be willing to give me more than what I actually pay? Thanks!

Read more: I'm a first time homebuyer, and I want to try to do this?

Mortgage can I expect in UK?

Hello

I would like to get a mortgage I earn 21000 pa jus got promoted. Also I got a property with my dad on shared ownership 35000 remaining to pay. I also got got loan of 5000 and have got a car on finance outstanding balance of 8000. What are my changes of getting a mortgage? As I dot wish selling the other property. And how much would I expect to get. Please no rude posts

Thanks in anticipation

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My aunt wants to transfer house and property to me, no mortgage, what are my precussions?

My aunt wants to transfer house and property to me, no mortgage, what are my precussions? - 1

Read more: My aunt wants to transfer house and property to me, no mortgage, what are my precussions?

Should I stay at a job I hate just so that I can get a mortgage?

I'm 25, have a good job but I hate it. I work 11 hours a day, and often don't get a free weekend.

I resigned to follow my passion to work on starting my own design business. A risk that I don't know will pay off. My employers really want me to stay, and keep asking me if I will reconsider.

I am having second thoughts. My family have said that they will support me whilst I have no income, but I don't want to be a burden. If I leave my job, I have rent to pay and may not ever be able to get a mortgage again.

I have a large deposit and would be eligible to get a mortgage. I have been renting for 3 years and really need my own space.

Any advice?

Read more: Should I stay at a job I hate just so that I can get a mortgage?

Will be credit score be affected if I go travelling for 6 months?

Will be credit score be affected if I go travelling for 6 months?
Added (1). I have sold my house so will not be paying off a mortgage or bills but I do still have a credit card I will be paying off. Just wondering how much my score will be affected.

Read more: Will be credit score be affected if I go travelling for 6 months?

MORTGAGE CLAIMS DENIED OR VOIDED IN BANKRUPTCY?

MORTGAGE CLAIMS DENIED OR VOIDED IN BANKRUPTCY?

Read more: MORTGAGE CLAIMS DENIED OR VOIDED IN BANKRUPTCY?

Using a gift as a down payment for an FHA loan?

Using a gift as a down payment for an FHA loan? - 1
Added (1). So here's the thing my mom who is willing to give me a gift for an FHA loan. However her acct balance is normally around $100 and she is gifting me $1500 she is actually going to sell some of her things to get the money to give me the gift. She will deposit the money she gets for selling her tv and such into her bank and then she will gift me the money. Will everything go through okay? I don't want to get my hopes up.

Read more: Using a gift as a down payment for an FHA loan?

How do CEO's and such make so much money?

They make an annual salary of about aprx 150k (The higher ups generally) yet they can afford million dollar houses and fancy cars and such.
How do they make so much money?
My guess is that it would be from stocks and bonds.
But in that case, what about doctors, since they make somewhere around 100k as well.
Point is no one has a million dollar salary yet can afford million dollar stuff like where does the extra money come from?

Read more: How do CEO's and such make so much money?

Can my husband use his post 9/11 - GI Bill to pay off my student loans?

I m wondering if he can transfer those bills to me to pay off my loans or does it only pay for classes you re currently taking.

Read more: Can my husband use his post 9/11 - GI Bill to pay off my student loans?

Can I still buy a house with bad credit?

After a divorce, I wasn't able to pay credit cards and I have a lot of outstanding debt. I have been renting a house for 3 years and I would like to buy a house now with my new husband. His credit is better than mine but I make more money than he does. If I am on the mortgage, we can use both of our incomes, but then my credit rating drags us down. If we don't use my income, then we don't make enough. Any suggestions?

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

Squatters law, how can I take over the home. Since its being forclosed?

My ex boyfriend moved out of his house because his home is being forclosed. I m currently pregnant and have my 10 month old son here with me still living in this house because we have no where to go. The sheriffs sales date of the house is July 7th. He basically abandoned us and moved in with his sister and left me to rot. I would like to try and keep this home for myself and my children since we have nowhere to go. And maybe try to take over the mortgage. I have been looking into squatters law and wanted to know how I can appropriately go about this. And advice is a blessing thank you.

Read more: Squatters law, how can I take over the home. Since its being forclosed?

Will financing a car hurt me when attempting to get a mortgage?

Will financing a car hurt me when attempting to get a mortgage?
Added (1). What is the maximum down payment that I can put down on a car auto loan (example 80%).

I m looking into get a mortgage but I also need a car to get to work. How will financing a car and paying it off before the first bill is even due affect my chances of getting a mortgage.

Read more: Will financing a car hurt me when attempting to get a mortgage?

I want a baby but I don't have a mortgage?

I am currently saving to get a mortgage in hopefully the next couple of years but I have been feeling very broody the last couple of years! I'm only 22 years old and have been with my bf for 3 years and I feel like I want a child but I want a mortgage too. I would like to be a young mum and would like to still be 22 when I have a child but I don't want a baby to effect me getting a mortgage. How do I decide what to do? Please do not say "do what is most important to you" because I feel that both are equally important and I have been debating this dilemma for a long time. I would happily have a child if I knew it wouldn't effect Me getting a mortgage.

Read more: I want a baby but I don't have a mortgage?

Why does the principal amount in a mortgage bill change slightly from month to month?

Why does the principal amount in a mortgage bill change slightly from month to month? - 1

Read more: Why does the principal amount in a mortgage bill change slightly from month to month?

Is it possible bank would consider?

our home was in pre -foreclosure and now we are doing a short sale as i was out of a job and unable to pay the mortgage,is it possible to negotiate at this point to get a modification and stay? I live in MA

Read more: Is it possible bank would consider?

Can I get a First Time Buyers mortgage then transfer to a Buy to Let mortgage in 6-9 months?

I am looking at purchasing a property to do up and let.

As a 23 year old first time buyer it appears impossible to get a Buy to Let mortgage so am trying to find alternatives.

Read more: Can I get a First Time Buyers mortgage then transfer to a Buy to Let mortgage in 6-9 months?

I want a radical overhaul of my life?

I'm 31 years old and soon I will be changing my job which will free up more time for me to start having a social life and hitting the gym.

I have watched a married couple of mine living a very happy and fulfilling life together. They have lots of nice things. They have been to many nice places. They have a quality life with friends.

Currently, I have no friends and just work 50 hours a week. I am married but it isn't enough for me anymore. It just drains me.

I have no idea on how I can go about finding new friends and a new social circle. I considered contacting with the couples I know and arranging to meet. For example arranging to go for drinks with the other men and letting go on from there. I would like to get my spouse involved by getting arranging to perhaps visit once I get to know them better but my spouse barely bothers with me.

I am so fed up with her that I want to just make new friends and improve my life any way I can. Then hopefully I can live a happy life like they do.

Since getting married, all I have done is work every day and go out on my days off alone.

Now I want someone to spend time with. I'm tired of being alone. Technically she is with me but it's never fun. She just works and makes jokes with colleagues. Even goes out to dinner without me. Just shove me in our rented room alone and give me 10 mins of talk time every evening.It's so unfulfilling.

I don't know where to start. I'm not tied down with kids or a mortgage. I pray I can wake up in time
Added (1). We never go out together or make plans. She just works her butt off in her real estate company and never thinks about travel or date nights. We need 50k for pur off the plan apartment. She has booked two and wants more. Then says she will work harder. So most of hef life is spent excluding me.

I would love to plan a long weekend together but sge refuses and says after the credit card is paid off.

I'm not a business deal. I'm human!

Read more: I want a radical overhaul of my life?

Is justin combs P.Diddy biological son?

I read in an article that P. Diddy was paying 30k a month in child support for his light skinned son to his baby mother Misa Hylton Brim. Diddy also co-signed a bank loan for her because she had bad credit and could not get one on her own. Recently he learned she owes $623K for defaulting on a $712k mortgage loan that she stopped paying on since 2010 and now he has to pay the loan off. I was wondering if thats even his real son, because it sure as hell does'nt look like him and I believe she should be thrown in jail for being such an irresponsible person. How could you not know how to manage 30k a month, that's more than alot of people make in a year. Why do women get away with stuff like this all the time? If diddy was not paying child support for his kid he would be considered a deadbeat dad but when women dont take care of their kids or handle their responsibilites correctly, they are never considered a deadbeat mom. I wish the laws would change because if I was diddy, I probably would knock this ***** into next week( Just an expression of how angry I'd be).

Read more: Is justin combs P.Diddy biological son?

What percentage of my net income should be spent on my mortgage?

I want to know so I can work out how much I should spend on buying a house.

Read more: What percentage of my net income should be spent on my mortgage?

What is a good APR for Solar Panel loans?

My electricity provider says that these are some of the options for Solar Panel loans.

3.9 percent APR for 24 months
4.9 percent APR for 36 months
6.9 percent APR for 48 months
7.9 percent APR for 60 months

I don't know a lot about this type of thing, but I thought that there is a usually a lower APR for longer term loans so that they end up making you pay more interest over the lifetime of the loan and they encourage you to do so by making the rate a bit lower.

Read more: What is a good APR for Solar Panel loans?

What offer should i make on a house i have seen?

I am looking to buy a house and have viewed some over the past few months.
I have seen one i like with an asking price of £157,000. It has been on the market for several months.
The couple selling the house are really nice and i dont want to offend them with too low an offer.
They have told me they have no mortgage outstanding on it.
With it being a three storey property and the couple being in their lates 60s i am thinking the two flights of stairs is the main reason they are selling.

It is in very good condition and doesnt require any major works doing to it, maybe a kitchen upgrade and decorating throughout.
What would be a fair and reasonable price to start negotiations at?

Read more: What offer should i make on a house i have seen?

Would it be a good idea to look into selling a house through WeBuyHouses.com?

I have a house in Texas that I want to sell. I no longer have a mortgage on it. According to zillow.com, it is worth around $270k. I have gotten ads in the mail from a place called WeBuyHouses.com that claim they will buy your house with no repairs necessary, they buy as-is. Are they worth looking into? Has anyone had any experience with them? Thanks.

Read more: Would it be a good idea to look into selling a house through WeBuyHouses.com?

Do you find it hard to pay your mortgage and bills?

Do you find it hard to pay your mortgage and bills?

Read more: Do you find it hard to pay your mortgage and bills?

Why does having huntingtons disease affect you from possibly getting a mortgage etc?

Why does having huntingtons disease affect you from possibly getting a mortgage etc?

Read more: Why does having huntingtons disease affect you from possibly getting a mortgage etc?

Should I refinance my FHA loan?

Should I refinance my FHA loan? - 1
Added (1). Bought my home for 245K in Oct. 2013 using an FHA loan. I put 3.5% down (first time home buyer). I am locked in at 4.25% 30 year fixed (maturity date 11/2043) and currently pay $1,705.12 and it's itemized as follows: Principal- $357.86/ Interest- $825.56/ Escrow- $521.70. Current balance is $233,099.36.

My financial officer says he can streamline refi a new FHA loan at 4.0% 30 year fixed and my new loan would be $236,250 with no out of pocket expenses, plus I'd get $1,000 back from escrow/taxes

Read more: Should I refinance my FHA loan?

Looking to buy a home for 150,000 I will be a 1st time buyer so could I get a government grant for a deposit?

Also the bungalow needs renovating is it possible I could ask the mortgage lender for extra money to do the work I really have no clue on this subject

Read more: Looking to buy a home for 150,000 I will be a 1st time buyer so could I get a government grant for a deposit?

Should I pay my over draft off or leave it for emergancies?

I currently have a £1000 overdraft which I ve reduced from £2000 over the last few months.
Me and my partner are saving to buy a place together at the start of next month. I had planned originally to pay off my overdraft, but my mum has advised me to keep it at £1000. She thinks I should get my balance to £0 and then just not use it, that way when we buy our place I ll have £1000 available for emergancies, which is obviously good advice, but if I pay it off I can always extend it again if I need to.
Will having an overdratft effect my ability to get a mortgage?
Is it better to keep it for emergancies or to pay it off in full?

Read more: Should I pay my over draft off or leave it for emergancies?

Are the any co's I can work at as a mortgage Loan Officer w/ no NMLS?

Before the real estate CRASH, I was making 100,000 a year as a mortgage specialists at Bank of America. I did government loans, hard-to-do loans, construction loans, and straight up mortgage purchase loans. I was good and only getting better. I'm looking for a job now. I can get my NMLS but don't have the money for the license at this second.

Read more: Are the any co's I can work at as a mortgage Loan Officer w/ no NMLS?

My husband doesn't want me to go to work, how will i explain that i need to work?

i just moved here in the state because my husband is working here and he has a good job. He actually just got promoted and had an increase of $30k a year. But eventho, he's paying all the bills and mortgage of $2k a month. I havent finished school because he told me that i'll just continue my studies here which i dont think will happen. And he also told me before that i can work if i want to. But now he's saying that it will not make any difference if i work. He said he's calculating it and it will not make any difference because i will pay for my bus pass for $60 a month. I dont know what he's thinking. I got an offer many times which i will earn $2k a month the lowest and $3k a month the highest. And i always turn it down because of him. He's always saying not to get it or just get a job nextime. But when? He's not giving me any money. He's just giving me money when i need to go to town and he's just giving me $5! For the fair. I dont know how to talk to him about this. Please help me. Oh and one more thing, he gets mad at me even in small things. He's calling me names ang saying bad words on me even if we're in public. He said im worthless and stupid.

Read more: My husband doesn't want me to go to work, how will i explain that i need to work?

What are the main things a couple should consider when thinking about using a Reverse Mortgage?

What are the main things a couple should consider when thinking about using a Reverse Mortgage? - 1

Read more: What are the main things a couple should consider when thinking about using a Reverse Mortgage?

Can I start settling into a Condo I'm buying for a Short Sale?

So I'm buying a condo and it is a short sale. I put the offer in several months ago and all signs point to a closing date in the near future, but short sales can really drag. I'm in a sticky situation though. I'm getting married in a month and I really want to start to work on this condo before the wedding, such as painting, cleaning, and possibly furnishing. I personally know the owners of the condo but they stopped paying on their mortgage so their bank is running the short sale. The condo is vacant but the owners still legally own the condo and gave me permission to start doing what I want. Is this legally allowed? Do I need the bank's permission?

Read more: Can I start settling into a Condo I'm buying for a Short Sale?

Is refinancing a mortgage required in divorce in massachusetts?

Is refinancing a mortgage required in divorce in massachusetts? - 1

Read more: Is refinancing a mortgage required in divorce in massachusetts?

Can i sell a house that i make mortgage payments on?

Can i sell a house that i make mortgage payments on?

Read more: Can i sell a house that i make mortgage payments on?

Giving real estate to someone?

My grandma is giving her land to me. A total of 3 small pieces of land, totaling about 10 acres. She is just signing it over to me. There is no mortgages on the land, it is free and clear. What will the tax repercussions be for both of us? The land is in rural Missouri. Thanks

Read more: Giving real estate to someone?

Does my Ex have a right to a share of the property and value increase?

In 1998 my ex purchased a house for 200k on an interest only repayment. 18 months later he lost his business, so to prevent him from having to sell up to a 3rd party, deciding that renting would have been impossible for him to manage whilst living abroad, he had the idea that if I took over his mortgage then he would still have a place to stay when he came back to visit, so we went ahead and his solicitor arranged the paperwork for the sale to myself - at a higher price of 250k so as to look like a normal sale. In truth he hoped to get it back into his name eventually and to this purpose wanted an agreement put in place but we didn’t do this â€Â" I was unsure as both mortgages were interest only loans, and I had paid the full 10 percent deposit of the sale price, & taken on all subsequent mortgage repayments. Effectively on paper it was a sale from him to me.
He came back a few times over the next 10 years, meanwhile marrying abroad and raising children.
I have spent £180,000 on refurbishing the house, paid the mortgage for 15 years. Aside from the first year’s mortgage he has not paid a penny. He has now seen how great the house looks and feels that he deserves a share of money plus 25 per cent of the increase in the house’s value, to the tune of 200k. Does he have a right to this? What if we were still in recession and I was in negative equity â€Â" would he still be asking and could I have had a right to ask him to pay half of all the monies I have spent on the house?

Read more: Does my Ex have a right to a share of the property and value increase?

Will a mortgage lender make my husband and I amend our taxes if our filing status is incorrect?

Will a mortgage lender make my husband and I amend our taxes if our filing status is incorrect? - 1

Read more: Will a mortgage lender make my husband and I amend our taxes if our filing status is incorrect?

If some one pays off a mortgage but is not on the title can they be put on the title?

My boyfriend live togeather and are selling his house and paying off the mortgage on my home. How do I put him on the title? Also are there any fees?

Read more: If some one pays off a mortgage but is not on the title can they be put on the title?

Would i be able to get a loan if i have only just got a mortgage?

I want to get a £10,000 loan to renovate my new home, landscape my back and front garden and turn an old out house into a utility as i only have a tiny kitchen. Ive only put a 5% deposit down on a £120,000 house. So i only have £6000 equity in my home. Would a bank borrow me the money given these circumstances?
Thank you in advance:)

Read more: Would i be able to get a loan if i have only just got a mortgage?

Purchasing First Home With NO CREDIT?

My boyfriend and I are beginning to look into purchasing a home soon. We are financially stable for our situation at the moment and he is planning on building his credit at least a little starting this weekend with a motorcycle (his brother in law is going to co sign on it). Once it is paid off he is wanting to start payments on a car or truck for our family. The only problem is, at the moment he has no credit, at all. He will be 20 in 3 weeks, but when I spoke to a family friend she said that unless he has 5 years of credit history then we might as well give up on getting a house anytime soon. I was wondering if anyone could break down the home buying process for the both of us? I know it is complicated but can't we go through his bank and get a loan? Or how does an FHA loan work? The home we are interested in going for is $64,900 and some of the $12,980 down payment is saved up. Together we bring home $8,000 a month (him $5,000 and me $3,000). We are located in North Carolina.

Please, no harsh words. If you can't be helpful then I'm not going to waste time reading your "answer". Any help is greatly appreciated.

Read more: Purchasing First Home With NO CREDIT?

Can co-signer eventually be able to purchase their own home without me having to refinance?

If my mother co-signs for me and my husband (for us to purchase a starter home that we plan to either sell or rent in 5 years depending on prices, but NOT refinance), would she be able to qualify for a mortgage in 2+ years without counting this house as her debt IF we (my spouse and I) have documented proof that us two alone have been making all monthly mortgage and bill payments on the house? She already owns a house (even with that mortgage on her credit if she co-signs for us it's more than enough for the price home we're looking at), but if she ever wants to upgrade or move to a golf course neighborhood, I don't want her to be held back.

background:
She wants to co-sign for us because even though we earn enough for the house we want, the lender is not considering my husband's second job income (even though it pays more than his main job) because he does not have 2 years with it, only about 7 months (he's very much stable in it and manager is already talking about a promotion).

Read more: Can co-signer eventually be able to purchase their own home without me having to refinance?

Hawaiian Airline FA as a newbie?

Do newbies only get stuck doing the inter-island flights only? Or do they go to SEA, LAX, PDX, SFO? Newbies majority home base in HNL or somewhere else primarily? For commuting as a newbie, jumpseats available? I'm going to apply when they have more position open in Fall 2015. Advice? I hope someone who is a FA with Hawaiian can answer?'s Mahalo!
Added (1). Hey to those who have given me some insight!
I live in Washington State but I am from Hawaii, I have family in and around the Honolulu areas, some near LAX… So when choosing an airline to apply for I thought of Hawaiian Airlines well, because its part of my heritage, I love to get out and go go go even when it gets stressful, and I kinda have family scattered between here there and everywhere pretty much that Hawaiian flies including Portland, OR. Thank you all for the answers!
Added (2). As for Jumpseats… If I have to stay in HI with my family I will, but I do have my hubby and kids back home in WA too. What are the chances of getting jumpseats as a newbie coming off last day of reserve? Anyone know how Hawaiian works with days on and off? Like 3 on 3 off or 4 on 4 off? Getting home base in HI might set the stone for moving back! For now we pay a mortgage in WA.

Read more: Hawaiian Airline FA as a newbie?

Is fat bottomed girls song a compliment or insult? Guy played it for me with his guitar and sang it?

Is fat bottomed girls song a compliment or insult? Guy played it for me with his guitar and sang it?
Added (1). and i do for a fact have a fat bottom. Does he like it or not i cant work the lyrics if its sarcasm or not due to aspergers.

Read more: Is fat bottomed girls song a compliment or insult? Guy played it for me with his guitar and sang it?

I am trying to get a personal loan from Wells Fargo. What does a Wells Fargo underwriter want to hear?

I am trying to get a personal loan from Wells Fargo. What does a Wells Fargo underwriter want to hear? - 1
Added (1). I am married with a salary of 100K, my primary home is worth 200K and I owe 140K on the mortgage. I also have an investment property that collects 1000 in rental income, that property is worth 100K and I owe 40K on the mortgage. Under what terms will the underwriter approve my loan or counter? I already applied one time and the reason for denial was not enough high credit limit.

Read more: I am trying to get a personal loan from Wells Fargo. What does a Wells Fargo underwriter want to hear?

On state pention husband and wife can we claim any benifits to help?

husbands with all-over arthritis bad knee bad foot walks with limp open heart surgery 2013 still valve leaking, I have hiatus hernia and barrettes am 65+ husband 69+ Only have state pensions and small private pention. Have to pay out for mortgage and full council tax can we get help?

Read more: On state pention husband and wife can we claim any benifits to help?

What are my chances with getting an FHA loan?

What are my chances with getting an FHA loan?
My credit score is 550. I haven't been late with any bills. I worked at walmart for 8 months. Left for a year. Then went back to the same position at the same store 2 months ago. What are my chances of being approved for an FHA loan?

Read more: What are my chances with getting an FHA loan?

I think our mortgage company swindled us?

We my husband and I did a loan modification with the company we were already in a mortgage with.
We had to lie @ being over 30 days late with the loan. Yes we were paying towards the end of the month but we were still current. They kept raising our monthly mortgage saying it was escrow we were behind on. Finally, we did the modification in 2 separate parts but had no one to go over what they were doing. Now we have a 44 year loan, my husband and I are 56 yrs.old with two kids 18 and 20 living with us and I am disabled. My 18 yr. Old wants to start at community college.Our credit score is bad due to credit card debt @ 3.5 yrs. Ago. Are we stuck in this situation or is there something
we can do?

Read more: I think our mortgage company swindled us?

Should I get a house or apartment After college?

Should I get a house or apartment After college?

Read more: Should I get a house or apartment After college?

How much will my household bills be every month?

I'm 20 years old and just got my first mortgage and bought a small 2 bed house.
The mortgage is £480 a month, I'm just wondering how much all my bills will be together, including gas an electric, water, council tax, TVicense ect
I'll be living on my own, I can't see myself using much water or electricity I work a lot through the week
Also is there any help I get at all for living alone? I heard you get a discount on your council tax
I earn £1,300 a month

Read more: How much will my household bills be every month?

How long should a mortgage loan be in underwriting?

Our package went to the underwriter over a month ago! This is for a 30 year fixed FHA. I thought the process should only be a few days? We are buying a short sale.

Read more: How long should a mortgage loan be in underwriting?

When a foreclosure sale fails to cover the entire estimated value of a home?

When a foreclosure sale fails to cover the entire estimated value of a home and sells short, (say $36,000 short) what does the mortgage company do when the previous owner can not cover the difference?

Read more: When a foreclosure sale fails to cover the entire estimated value of a home?

No certificate for boiler for new house?

hi

we are in the process of buying a house, and very close to exchange of contracts. The only thing standing in the way is the fact that the sellers haven't got the certificate for the boiler when it was installed.

they have sent off for one, but it can take 10 working days to arrive. Is there any way we can proceed without this? I spoke to gas safe and they said it was registered

why does my solicitor want it? Is it a legal requirement to have it or is it for the mortgage company?

thanks

Read more: No certificate for boiler for new house?

Should I pay cash for rental properties or get a mortgage?

I live in Atlanta, and it seems most people are easily getting a 5-8 percent return in the long term. If I have $100k cash, would it be better to pay $100k for just one rental property, or get a mortgage on 4 rental properties (assuming they're priced $100k each for $25k down)?

Paying cash would give me a lot less risk. But getting a mortgage with multiple properties would net me more. But what if my tenant misses a payment and I miss a mortgage payment? I think I'd be screwed then.

Also, what do property managers do? If I could pay them 10-12 percent of the rent, would they do most of the work for me?

Read more: Should I pay cash for rental properties or get a mortgage?

What can we do about this home loan?

What can we do about this home loan? - 1
Added (1). My boyfiend is trying to purchace a home for us all to live in with a FHA loan through Quicken Loans. We are up to our eyes balls with them personally… My boyfriend has over the amount needed for closing. The antiscipated date for cloing is this Friday. They said they now need money in reserves of $1,800 and this was about 4 days ago now this amount changed to $4,080 reserve money magicly overnight.
Added (2). They are telling us they have everything needed and this and that will work than when they send it to a team they either do not know what they are doing or they lied to us from the beginning. My boyfriend has over the amount needed for closing. He is trying to use a 401k, He sent the statement now they need more info and we looked at it it needs to be with drawable so how can that happen.
Added (3). The closing date on the home is Friday. The interest rate has been locked in but will expire on the first. I also heard these people are doing something illegal and possibly sueable. They demanded a good faith check way in the beginning They say it goes towars closing costs. I saw somewhere else that they should never ask for that until closing period.

Read more: What can we do about this home loan?

Can i deposit a cashiers check while applying for a home mortgage? Since i know i can not deposit cash?

Can i deposit a cashiers check while applying for a home mortgage? Since i know i can not deposit cash? - 1

Read more: Can i deposit a cashiers check while applying for a home mortgage? Since i know i can not deposit cash?

What is the difference in mortgage protection and term life?

What is the difference in mortgage protection and term life?

Read more: What is the difference in mortgage protection and term life?

How soon should you get pre-qualified for a mortgage?

We are building a custom home and it won't be ready for another 7 months. Most banks don't let you lock in an interest rate until a few months out from closing. So if we are too far out for us to lock in an interest rate, is there any point in shopping for a mortgage until we are closer to the completion date of our home?

Read more: How soon should you get pre-qualified for a mortgage?

Do I have pay for lenders errors made on the Good Faith Estimate and Closing Documents?

My mortgage company made a huge error on the Good Faith Estimate and Closing Documents for the amount needed for property taxes to ensure that my escrow would have sufficient funds to pay the loan, taxes and insurance. My GFE and CD both show the lender made the error. After over two years have paste they want me to pay the two plus years of shortage. They could have notified me after the first year of shortage but didn't. After speaking with the lender on the phone they admitted they made the error. What are my options?

Read more: Do I have pay for lenders errors made on the Good Faith Estimate and Closing Documents?

How to act out an interesting scene/monologue using these ten words?

How to act out an interesting scene/monologue using these ten words?
Added (1). Accenture federal service
access national bank
access national mortgage
access point llc
access point public affairs llc
accident and accidents on the job
accident and compensation offices
acclaimed plumbing and remodeling
accommodations unlimitied
accommodations unlimited inc

im trying to think of how to come up with a good story in where i can say these ten words, doesnt have to be a long monologue or anything

Read more: How to act out an interesting scene/monologue using these ten words?

If I have mortgage insurance then why would I need a cosigner?

In the event of a default, wouldn't the insurance just pay off the mortgage? The cosigner would then be useless. I don't get it.

Read more: If I have mortgage insurance then why would I need a cosigner?

Why do my neighbors dare think they can build decks overlooking my house?

To clarify, It s not my house but my dads house but he feels the same way. My neighbors built obnoxiously placed, large decks that obscure my view of the backyard and worst of all, allow them full view of my room, my parents bedroom, the kitchen and the basement. So my neighbors now know what our house looks like at all times.

How is this legal? The houses didn t come with decks, they bought some cheap wood and hired people to build it who I saw with a ladder on my house - I saw the guy climb up over my window. And in just 3 days of labor, the view of the sky, the trees, and our privacy was destroyed… Oh, and they're all smokers so now we have to close the windows to preserve clean oxygen.

I can no longer walk around my house without clothes. I can no longer leave the blinds open to see the sky my parents payed $2-300,000 to have. I can no longer enjoy the pure air only the backyard had, or the landscape that was once just trees, grass and sky.

Now I feel like I have to wave hello to the neighbors in my own house, I'm like a zoo exhibit. And they do look in here, they watch carefully and I can tell because It's awkward seeing them now. I feel anxious looking out the window because my neighbors head will pop up in front of it, he'll turn around and look at me like I'm crazy.
Added (1). We had a big glass window in the kitchen that we enjoyed, now my parents covered it with a big drape because of the decks.
Added (2). They know perfectly well they're violating my privacy but they won't mention it or tear down their cheap splintery eyesores. They know "Wow, I'd hate to be violated like I'm doing to my neighbor" but they choose to stay silent knowing I can't fight.

All my life my father has worked to afford this house, pay the mortgage and now these people take away the peace he worked hard to achieve. All that research, moving here and finding this place, all ruined.

Read more: Why do my neighbors dare think they can build decks overlooking my house?

My home prics 372000 how much mortgage par month. Annual interest rate 2.64?

My home prics 372000 how much mortgage par month. Annual interest rate 2.64?

Read more: My home prics 372000 how much mortgage par month. Annual interest rate 2.64?

Is there any lender in GA that will pre approve mortgage loan W/credit score 580?

I don't have the best credit score, but really want to purchase my first home. Is there any mortgage lenders that will qualify individuals with a credit score of 580.

All my open accounts in gd standards and I only have one account that's negative from past. No foreclosure or bankruptcy

In state of georgia

Read more: Is there any lender in GA that will pre approve mortgage loan W/credit score 580?

How to transfer a house into my spouses name?

Hi there,
My wife and I own our home, outright, no mortgage, no loans, no debt, etc. The house is in both our names. I have recently become ill and I want the house transferred into her name and her name only. There will be no exchange of money, etc. How can I go about doing this?

Thanks.
Added (1). This is not being done out of fear of medical debts or anything. I just want the house to be in her name, that is all.

Read more: How to transfer a house into my spouses name?

Can i get a mortgage without my wife as her credit rating is not good?

Can i get a mortgage without my wife as her credit rating is not good?

Read more: Can i get a mortgage without my wife as her credit rating is not good?

I feel so lost…need some advice?

Ok, so my story is a long one but I'll try to summarize it. I've been in my current relationship for over 14 years. We both have a 6 year old daughter and he has a 14 year old from a previous relationship. I have raised the 14 year old as my own since he was awarded custody when she was 3 years old. Throughout our relationship, he has cheated on me 4-5 times (that I even know about) each time I took him back. I also stepped out of the relationship once. It wasn't until the most recent affair that hit me harder than normal. During the last affair, he managed to create a fake Facebook account, betray himself as a single father and also post status of looking for the "the right woman" I was devastated when I found out. I felt my whole world crashed upon me. I've given my all, supported his business, helped his family in numerous way and help him with his daughter. Again through it all I forgave him for the sake of our daughter. After 2 yeArs, I find myself reliving the moments. Side note, it was more than one woman. I have lost my love for him and respect. I don't want to continue trying to fix something broken into a million pieces. Here's the hard part, we both owe some debt together. I just want to move away with my daughter but I also want to pay my debt and move the hell on. It's hard when we established a mortgage, bills and credit cards. I just feel lost trying to start fresh. He doesn't know what my plans are. He's in total denial about it all. Help

Read more: I feel so lost…need some advice?

Why do some people have babies at like 19?

Why do some people have babies at like 19?

Read more: Why do some people have babies at like 19?

My name is not on the mortgage, just the deed. What am I responsible for if I split. Married?

My name is not on the mortgage, just the deed. What am I responsible for if I split. Married? - 1

Read more: My name is not on the mortgage, just the deed. What am I responsible for if I split. Married?

I am single, 27, I want to have IVF treatment… Is this a bad idea?

My name is Katherine, I am 27 years old and I want to have IVF treatment - I am also a single woman. I am a primary school teacher who works with year six pupils and have a stable job with a great income that has allowed me to get a mortgage on a lovely two bedroom house. I have had relationships over the years, but never found someone who was 'the one'.

Do you think that it is okay for me to have IVF treatment to fulfil my dream of having a child? I know that a lot of people say it would be unfair on the child, not having a male role model around for them to look up to, but I know that I would like to be a parent.

I have not told my family about the idea yet…

Read more: I am single, 27, I want to have IVF treatment… Is this a bad idea?

Do bank charge tice towards closing costs if I were to take two mortgage 80-10-10 for the same new home?

Do bank charge tice towards closing costs if I were to take two mortgage 80-10-10 for the same new home? - 1

Read more: Do bank charge tice towards closing costs if I were to take two mortgage 80-10-10 for the same new home?

How long should you be with someone before you get married?

I have friends who have been with their boyfriends a year and are getting married.
I've been with mine 3 years, we have a mortgage together and have lived together for almost as long, but we aren't engaged.
Do you think its best to wait until getting married. Or not?

Read more: How long should you be with someone before you get married?

Selling my home- 2 offers, 2 different types of financing?

I have my house on the market and have received 2 (full price) offers. One buyer is pre-approved for an FHA loan and the other USDA RA. The FHA loan needs to close faster than I'd like, but my real estate agent said the RA type loan from the other clients concerns her. Is this something I should be concerned with, or go with what is more convenient?
Added (1). FYI- Both buyers have already gone through the entire process of preapproval including underwriting and verification. I don't know the specifics, but the FHA loan NEEDS to be in ASAP. The USDA loan is 100% financing which may be what concerns the agent.

Read more: Selling my home- 2 offers, 2 different types of financing?

Would it be better to rent an apartment or buy a house?

My boyfriend and I have to stay in his home town the next three years after college. We found a few great homes, but I don't know if I feel comfortable buying a home right out of college especially when we will have to sell it in three years when he goes back to school. The apartments are farther away from both the hospital and schools (where we work) but cost about the same each month. My parents are refusing to help me because I'm moving away from them. I could really use some advice.

Read more: Would it be better to rent an apartment or buy a house?

I want a property for $300,000, what kind of loan would i need?

I want a property for $300,000, what kind of loan would i need? - 1

Read more: I want a property for $300,000, what kind of loan would i need?

Hi Does my credit rating get affected if I apply to 2 mortgages at the same time?

Hi Does my credit rating get affected if I apply to 2 mortgages at the same time? - 1

Read more: Hi Does my credit rating get affected if I apply to 2 mortgages at the same time?

Hello. I co-signed for my nephew for college. Can I still qualify for a mortgage?

Hello. I co-signed for my nephew for college. Can I still qualify for a mortgage? - 1

Read more: Hello. I co-signed for my nephew for college. Can I still qualify for a mortgage?

How to get a loan from the bank?

Im currently 17 and will be moving out when 18. I just wonder how to go about getting a loan.

Read more: How to get a loan from the bank?

I co-signed for my nephew to g to college can I still get a mortgage loan?

I co-signed for my nephew to g to college can I still get a mortgage loan?
Added (1). I co-signed so my nephew can go to college. Can I still qualify for a mortgage

Read more: I co-signed for my nephew to g to college can I still get a mortgage loan?

How to tell my parent's that I don't want to be religious?

I'm turning eighteen in about six months, and my parents still have a manipulative behavior with me. I really do love them, and I have followed their rules all of these years and acted complacent, but I don't feel like I have to pretend to be religious. They've literally sent me to christian school, banned me from listening to secular music, taught me that homosexuals were different, and that the only way to be happy was through christianity. I don't want to continue going to church and act like I actually agree with what is being said. I don't want to upset my mm, and make her feel unaccomplished (since she wanted me to be a devoted christian,) but I feel like it's time to develop my own beliefs. How do I tell her? Anything is appreciated. Thank you.

Read more: How to tell my parent's that I don't want to be religious?

Hi all, any help would be greatly appreciated. About 5 years ago my family put an addition on my?

grandfather's house to take care of him. My parents absolved a $150,000 mortgage and spent aprox. $400,000 on additions. The house is not even worth $500,000… My grandfather did not help with expenses, AT ALL. He also pays no rent. The house is also split- my family (6 people) downstairs, while he has more than half the house upstairs (and he also has the only garage to store his Porsche than he only drives in the summer, he won't even let me put the lawn mower in there, i have a plastic shed outside that is constantly falling apart). I find this to be so unfair, he has no gas or electric bills and will constantly run the AC and heat while my parents will never turn it on- yet they blame me for the high electric bill.
Now this would not normally bother me; however, he has been very condescending and pretentious all of his life. He makes fun of me (calls me fat, makes fun of my speech impediment) and leaves stacks of money laying around the house (he still owns a business, although he is retired, that my dad runs) while my parents scrape by with bills and i have to pay for college by myself.
What really irks me is, if my parents decided not to do this for my grandfather, then they would be more financially stable and able to help pay for my college education (they currently net too much yearly for me to qualify for any aid).
Sorry for the rant and thank you for any help, but i just can't help but feel like i come second to my grandfather, in my own house.
Thank you!

Read more: Hi all, any help would be greatly appreciated. About 5 years ago my family put an addition on my?

What happens to my mortgage if I file bankruptsy?

What happens to my mortgage if I file bankruptsy? - 1

Read more: What happens to my mortgage if I file bankruptsy?

Can you collect unemployment if you where fired for loseing your licence to drive?

I recently was fired from my job that i've been doing for five years because I got a dui. This is the second time this has happeneded. He didn't fire me the last time obveously but this time he did. Don't know why. What a jerk, I have a house here to take care of and a mortgage to pay.
There are only a few deliveries to do here and there. But

Read more: Can you collect unemployment if you where fired for loseing your licence to drive?

If I am a proven salesman, could I make it in residential real estate?

I've been in sales for 3 years and have a ton of successes and territory growth to brag about. Hard work and a little luck are to blame. Trouble is, I hate my boss and I hate living 6 hours from home. I want to move my wife and kid back home and do something I enjoy. I'm miserable working for this guy. I've had a real estate license since 2006, I sold a few condos back then, but I was young and goofing off. I also have experience in commercial real estate, as well as the mortgage and banking side of real estate. Right now I sell to manufacturing and industrial customers, B2B. It's scary to jump into real estate with no income. My wife works and could support us for a little while. If I bust my a$$, learn, and stay positive… Could I make it? Is it a good idea? Also, my Dad is a part time realtor, he probably makes 40k or so. So he could help teach some things. I'm stuck and want to do the best thing for my family.

Read more: If I am a proven salesman, could I make it in residential real estate?

How to stop identity thief (unusual situation)?

How can I stop a family member from using my SS# and other info to impersonate me and break into my private accounts?
She has copy of my birth certificate, ss card, driver's license #, expired passport, old medical records, loan account info.
She does NOT steal $. But makes changes to my accounts. She won't ever stop.

Read more: How to stop identity thief (unusual situation)?

Is it better to do an FHA home loan or Conventional?

Is it better to do an FHA home loan or Conventional? - 1

Read more: Is it better to do an FHA home loan or Conventional?

My wife cheated on me for the second time. Should I forgive her?

We've been married since 2006 and we have 2 children. Three years ago we got a mortgage and we have a nice house, 2 vehicles, we also go away each year on vacation at least once. I love her dearly and I never had such a nice life style as I do now. She works at a bank as financial adviser and I'm a truck driver. The first time she cheated I kind of knew it was my fault because I neglected her but since then we've been having sex like almost every day and we also do a lot of things together like (go to the movies, the beach, shopping, to friends houses, events, vacations, we spend more quality time at home like cooking together and doing chores and playing with our kids etc. 2 weeks ago I found out that she had sex with a former co-worker, I confronted her and she admitted to have slept with him in 3 occasions in a period of 5 months. I kicked her out of the house but now she's calling me and texting me and saying she loves me and that she's sorry. She also told me yesterday that she's willing to go to counseling with me etc. I don't know what to do. My parents think I should divorce her and file for full custody of the kids. I really love her and I want to be with her but I don't want to keep getting hurt and cheated on, I'm good man, a good father and husband, very hard-working and responsible and I don't deserve this.

Read more: My wife cheated on me for the second time. Should I forgive her?

Is mortgage loan officer still a good job?

I am considering taking a position as a mortgage loan officer but a couple of friends and family members are discouraging me. They say that there isn't any money to be made in that business anymore. They say the housing market still sucks. They say that interest rates are going up (which is true). My thinking is that while it's obviously not going to be as easy as it was to make money in 2005-2006 with the new regulations and whatnot but there still has to be opportunity there. And even though the housing market may not be booming right now, it's not going to be down forever. What do you think? Is the mortgage industry something that should be considered? Or should I stay far away?

Read more: Is mortgage loan officer still a good job?

Why do apartments not allow people to work on cars?

I actually own a few apartments. But I read recently that people basically expect not to be able to work on their cars… Which I found a bit perplexing.
Gawd knows how ridiculously expensive it is to take a car to the shop…
Added (1). uh. Yeah I do own 3 apartments. The parking area is wood chip. Concrete I could see not wanting oil stains on, and asphalt the same to a much lesser degree.
A tenant has worked on his corvette. Noise problems are noise problems, whether they're from cars or parties or whatever, so I figured noise issues could be handled via the normal reasons.
Heavy parts? Like exhausts? Alternators? Usually people don't want to drop their auto parts onto the ground, so it couldn't be terribly common.
Added (2). Nico - thank you. And Anonimiti - you too. Thank you. (I'm not much of an appreciator of aesthetics)

I suppose that's a possibility with most apartment complexes having cars parked so closely to each other. Personally, my parking areas are a) ample, and b) completely separate areas for each unit, so I didn't immediately think of potential damage to other tenants' cars

kj566- you're wrong
equality7…- you're wrong about my not owning apartments (no mortgage, either, btw)

Read more: Why do apartments not allow people to work on cars?

Partner has mortgage with ex wife - will this affect me financialy if we marry?

Basically Ex wife is refusing to sign over her half of the house. She signed the transfer of equity to both of us and seemed happy enough but now she won't sign the land registry to us.

We are planning on getting married and I know finances are shared when wed so does this mean I'm liable for the mortgage too since she's refusing to budge?

We have solicitors trying to do it nicely but it appears we will have to involve the courts to forcibly remove her since she's never contributed and moved out 5 years ago and apparently this can take time:(

Read more: Partner has mortgage with ex wife - will this affect me financialy if we marry?

Is this illegal what my school did? Or nah?

im in 10th grade,
in Australia.
for 6 months ive been struggling with math and the school promised me they would change my math class to basic math(foundation), i have been failing every test and i just completely don't understand it, some parts i do but then BAM they add something or i miss a component and i end up completely confused.
the school said if i go to school everyday then they will change it.
its been six months later and the other day they pulled me outta class basically put me in this room and terrorised me, even knowing i have social anxiety and depression i broke down and just couldn't handle there questions.
anyways i asked if they are changing my classes cause its mid term and im failing dreadfully.
they responded with you broke the deal so we aren't changing anything.
first off isn't it illegal to make a deal with a student?, and if a student is literally failing the subject and not doing any work then why aren't they changing the subject making it less stressful on me.
i told them my side of why i come late, which is all truth.
-i have anxiety disorder and i feel sick, my mum has been sick (she has phenomena:/ ), and we live really far so it's hard because i have to catch 3 buses to school and the buses come late all the time.
- and even if my mum could drive us we have virtually no money for petrol because we are about to loose our house because we live in a big house our mortgage is really big.
Added (1). they said oh i don't know what to say about that.

and i said so can you kindly change my classes so it will take the stress off of me?
and they said no because we made a deal.

i asked my mum and she said there was no deal.
after all the stress i ended up catching the wrong bus home
Added (2). And now im still shaken up and having anxiety attack.
i can't even think staight.
argh

Read more: Is this illegal what my school did? Or nah?