Can a mortgage lender buy out you loan and then tell you that original insurance is not adequate?

I purchased a home through a local lender 2 months ago and was required to have flood insurance as I live between two ponds. One day after I made my first payment to the local company they sold my loan to pennymac. After I made the first payment to pennymac i received a letter in the mail stating that the coverage I had was not adequate for them and I am required to purchase a more expensive plan. The plan I originally needed was almost a deal breaker because it increased my mortgage by 150 dollars a month and now they are telling me I need to spend more? It seems like they should have had access to that information before they bought the loan. Can they do this?

Read more: Can a mortgage lender buy out you loan and then tell you that original insurance is not adequate?

Getting equity loan at closing of home?

I am a first time home buyer and I am looking at buying a home within the next 30-45 days. Searching for homes I came across a lot of foreclosed homes or reduced homes that are very affordable and have a greater tax assessed value(according to Bank of America). I was told to save up 3.5 percent and while I have, I came from an apartment with not a lot of appliances. My question is is it possible to buy a home and get an equity loan right away to buy new appliances and small cosmetic repairs. I don't want to go the Fha 203(b) because I don't think I'd get the funds I need.

Read more: Getting equity loan at closing of home?

Can you have credit? Without a credit card?

Can you have credit? Without a credit card?

Read more: Can you have credit? Without a credit card?

I filed bankruptcy and never put my mortgage on the list but it showed up in my discharge, I was never late?

I filed bankruptcy and never put my mortgage on the list but it showed up in my discharge, I was never late?

Read more: I filed bankruptcy and never put my mortgage on the list but it showed up in my discharge, I was never late?

I've been paying rent a center for over 1 year and a half now. For a 65 inch tv and a couch?

It's been over a month already and I haven't paid them or answered their calls. They have come to my house plenty of times. But I don't answer. My lease at my apt it's over in a month and a half. I already have another place in moving to. I want to know what could they really do to me, they just have my first and last name. I do not have a social security there for I don't want to keep paying them 3 times more of what the stuff it's worth for. Any suggestions?

Read more: I've been paying rent a center for over 1 year and a half now. For a 65 inch tv and a couch?

Cole Hamels Trade: Bad move for Texas?

In 101.2 career regular season innings thrown in American League ballparks, Hamels has a 5.4 ERA and 1.46 WHIP. He's struck out 98 hitters in his career when pitching during the regular season in an AL park.
Pitching in the launching pad in Texas will be much different than pitching in Philadelphia -- where Hamels sports a career 3.26 ERA and 1.09 WHIP -- so anyone expecting him to drag the Rangers from mediocrity to contender status is probably going to be disappointed.

Did Jon Daniels make the right move in mortgaging the team's future for an over hyped lefty who hasn't really distinguished himself and is owed $23,500,000 for the next three years?

Read more: Cole Hamels Trade: Bad move for Texas?

If mortgage has been paid on a home and the owners pass away,?

If mortgage has been paid on a home and the owners pass away,?
Added (1). who gets the property if their aren't heirs, etc and how do you go about purchasing it? The house has been vacant a couple of years (and looks it!) I did a property search and the original mortgage company was listed. When i contacted them they said it would be auctioned. That would mean another year or two - isn't there someone i could contact since i don't want to wait that long? Mortgage company was no help at all! Thanks!

Read more: If mortgage has been paid on a home and the owners pass away,?

Is $6500/month an appropriate rental price for a condo worth about $700000?

My wife and I own a luxury condo in the heart of a major city. We want to start a family so we want to move out into a house in the suburbs but we don't really want to sell the condo instead we would prefer to rent it out. We currently pay about $3,400 a month on the mortgage, interest, and property taxes so I figured i can make a $3000 profit a month renting it out for $6500. Do you think it's reasonable or is that too much?

Read more: Is $6500/month an appropriate rental price for a condo worth about $700000?

Do people use their home equity to upgrade to a more expensive home?

Is this common? Buying a $250k home ($200k mortgage with $50k down), build equity for 7 years, use the equity gained during the 7 years + initial down payment to put down on a more expensive home, match your monthly mortgage payment with the most recent, repeat?

Read more: Do people use their home equity to upgrade to a more expensive home?

Pay off student loan before mortgage or refinance?

Okay so by December of next year I would like to have purchased my first home.

The last four months I have paid off about 7000 in bills. Nothing crazy; zales, care credit, personal credit card.

I understand how debt can affect the creditors decision to give you a mortgage loan and the last big thing in my name besides my car payment is my student loan. Should i:

Continue to pay that with its killer interest fees until AFTER I close on the house

Or

Refinance it to my credit union before.a+lso

Should I refinance to 12 months at about 850 per month and get it out of the way or save the money to build my savings account as I need that too. I do have a good history of paying a lot quick but I need to know the best options for my short term goal/plan

Thanks!

Read more: Pay off student loan before mortgage or refinance?

How much is your monthly rent or mortgage payments. Politicians feel eat up too much of income?

How much is your monthly rent or mortgage payments. Politicians feel eat up too much of income?
Added (1). GENDER STUDIES. High rent actually slow population growth

Read more: How much is your monthly rent or mortgage payments. Politicians feel eat up too much of income?

Can I be the main policy holder for home insurance, if my name is on the deed but not on the mortgage?

Will the mortgage lender be fine with another name ( not mortgage recipient) on the home insurance policy. Will this delay closing?

Read more: Can I be the main policy holder for home insurance, if my name is on the deed but not on the mortgage?

Whats the BEST way to start building up credit?

Whats the BEST way to start building up credit?

Read more: Whats the BEST way to start building up credit?

Is PMI on an USDA Rurual Development loan for the life of the Loan?

Is PMI on an USDA Rurual Development loan for the life of the Loan?
Added (1). USDA RD loans originally didn't require PMI. I believe that changed in 2012. In 2014 PMI changed from being required of lenders to automatically remove PMI after 78% equity was reach for FHA's to PMI being required for the entire life of the loan.

I am wondering if USDA RD loans were included in the 2014 change and require PMI for the whole life of the loan.
Added (2). Currently USDA RD loans require both:
1) a 2% upfront Mortgage Insurance premium ( that can be rolled into the loan)
2) a.40% annual PMI (based off remaining principal)

Read more: Is PMI on an USDA Rurual Development loan for the life of the Loan?

What do you do after opening a credit account in order to build a good credit score?

I am in college, and I'm thinking of buying a car, but I don't have a credit score yet.
Added (1). How long do I have to wait after opening a credit account in order to buy a car?

Read more: What do you do after opening a credit account in order to build a good credit score?

What is the current balance of my reverse mortgage.number1293182?

What is the current balance of my reverse mortgage.number1293182? - 1

Read more: What is the current balance of my reverse mortgage.number1293182?

How badly does canceling a credit card impact your FICO score?

How badly does canceling a credit card impact your FICO score?
Added (1). I will be be paying off all of my credit cards this month, but am concerned about closing them as I have been warned that it will severely impact my credit score. My wife and I will be looking to possibly get a new mortgage in a year or two, and I don't want to get a higher interest rate because of it. It does seem silly to keep paying annual dues on these cards though. I have about 6 different cards and was planning on canceling 4 and dropping the limit on the remaining two to $2000 each.
Added (2). The reason for the decrease is not to be tempted to run up a card, which I've tended to do from time to time (it forces me to focus on using cash only).

Read more: How badly does canceling a credit card impact your FICO score?

Can someone in foreclosure give away their property to avoid a trustee sale?

I work for a small city. A local developer is going into foreclosure, and a number of his commercial properties are scheduled for a trustee's sale in a couple of months. One of our elected officials has started badgering the developer to donate one of the properties to the city for a park, prior to the sale. She refuses to consult the city attorney, and says the fewer people who know the better. She has even gone ahead and drafted a deed for the developer to sign.

I am concerned that it is probably illegal for the owner to just give a property away, especially since it is officially in foreclosure - isn't that defrauding the mortgage holder? Wouldn't the deed/transfer of ownership be found invalid by a court? Any advice by someone who has a legal background or direct experience with commercial foreclosure would be appreciated!

Read more: Can someone in foreclosure give away their property to avoid a trustee sale?

Idea of pulling out 401k money and using it to help homeless people?

If one has $23,000 CC debt and $35,000 credit line, but $32,000 in a 401k

Can't a smart move be to use the remaining $12,000 of credit line to help homeless people, and then withdraw the $32,000 of 401k and pay the tax and 10percent penalty to get that cash to add to the money to give to homeless people?

And then go homeless with the homeless people and beg for change with maxed out card and no 401k and say "Let's use the 401k and credit line purchase to build a tent in New York because the new Mayor is not gonna do what Guilliani did?

Read more: Idea of pulling out 401k money and using it to help homeless people?

What is the meaning of purchase price of the property and monthly outgoings?

The things is I'm filling in a mortgage application and there are two questions that I'm not sure about and and they are what is the purchase price of the property and what are your monthly outgoings?

Read more: What is the meaning of purchase price of the property and monthly outgoings?

Are you a first time buyer in the UK? Need your advice?!

Have been looking into saving up for a deposit to get a mortgage, not at the stage for bank visits yet though. Wondering if you could all share your experiences with the mortgage process? I earn £14,000pa before tax, partner earns £12,000pa as basic plus an extra £5,000 commission pa will this be taken into consideration?
Looking at properties no more than £180,000 hoping to save £18,000 for a deposit but fees to also come out of this? Have other savings for furnishings, etc

Read more: Are you a first time buyer in the UK? Need your advice?!

Buying a house 70:30 deposit and 50:50 mortgage repayments, how to split the proceeds if we sell?

Buying a house 70:30 deposit and 50:50 mortgage repayments, how to split the proceeds if we sell?

Read more: Buying a house 70:30 deposit and 50:50 mortgage repayments, how to split the proceeds if we sell?

Finance wizards! Pay off debt (LOC) vs Mortgage?

Should anyone with consumer debt (e.g. LOC) try to pay off their mortgage quicker (shorter amortisation period)? The way I look at it is (a) from a cash flow standpoint a longer amortisation period = more money in my picket, and (B) from an interest standpoint, mortgage rates are less the LOC rates and they're compounded semi annually as opposed to daily.

In fact. What is the benefit to paying off mortgage singer at all even if you doing have debt? The opportunity cost of paying off your mortgage simply does not meet the market (what you could be earning through investment).

Any finance wizards out there who see flaw in my logic?

Read more: Finance wizards! Pay off debt (LOC) vs Mortgage?

What would you do if you won the lottery?

What would you buy? How would you invest?

I would buy three or four smaller apartments in student areas and rent them. I would buy lots of clothes, pay for my education, travel and just have fun.

Read more: What would you do if you won the lottery?

Pastor took my money alright, but didn't offer any help. How come?

I go to a bible study once a week. The pastor who visits the group has a church in another town and we only see him at this bible study as his church is far away. He also hasn't been in the country very long. He's from overseas.
I decided to give my tithes twice to him and his church (this was two amounts of £150) and he gladly took it. Him and his wife wrote me a thank you letter after, telling me in it how they both love me and wish God's blessings, etc.
However, when I spoke out in the group about my car problems, one of the lady members said to the pastor, "Why don't you, a man, go with her to help (meaning me)? You know what car fixer men are like with lone women. They only see money", but he never offered nor answered her.
How come it was physically possible for him to stretch out his hand to take my money, but won't physically give up an hour or two to accompany me?
Added (1). Seems like we're all on the internet at the same time then again, doesn't it, folks?

Read more: Pastor took my money alright, but didn't offer any help. How come?

Is it true that Fannie Mae will only do mortgage modifications for 30 or 40 yr terms?

Is it true that Fannie Mae will only do mortgage modifications for 30 or 40 yr terms?

Read more: Is it true that Fannie Mae will only do mortgage modifications for 30 or 40 yr terms?

My teen has moved out and I can't afford to support him?

I am having problems financially and my teen moved out age 17 I try to give him 60 a week he doesn't pay any bills as he stays with his grandpa but I have to supply food, I don't really know if I am wrong for feeling this way or if I should be trying to give more. I only currently earn 1600 a month and have a mortgage of 425 and two other children, bills, car etc
Would you think I need to give more or less or what?

Read more: My teen has moved out and I can't afford to support him?

Can we get a mortgage with our incomes?

Have been looking into saving up for a deposit to get a mortgage, not at the stage for bank visits yet though. Wondering if you could all share your experiences with the mortgage process? I earn £14,000pa before tax, partner earns £12,000pa as basic plus an extra £5,000 commission pa will this be taken into consideration?
Looking at properties no more than £180,000 hoping to save £18,000 for a deposit but fees to also come out of this? Have other savings for furnishings, etc
Many thanks
Added (1). We don't have any debts, which I know is good, however this also means we don't have much/any(?) credit history?
pa - per annum, so yes, per year

Read more: Can we get a mortgage with our incomes?

What interest rate are you getting on your new mortgage?

What interest rate are you getting on your new mortgage?
Added (1). I have good credit (740+) and am trying to buy my first house. The lender I am working with thinks she can get me a 4.25% interest rate. This sounds high to me, but she said I am asking for such a small amount that she doesn't think she will be able to get it any lower. (I am trying to get $75,000)
Added (2). With a strong desire to move out of my apartment and nothing saved for a down payment, I will take what I can get… I was just seeing so many 3.25% - 4% interest rates in my research. I was hoping for something lower.

Read more: What interest rate are you getting on your new mortgage?

How long does it take to get cash on a mortgage loan from chase bank?

How long does it take to get cash on a mortgage loan from chase bank?

Read more: How long does it take to get cash on a mortgage loan from chase bank?

What's the best option for resolving a balloon payment on my second mortgage?

I filed for Chapter 7 BK and was discharged after a stressful 1-1/2 years of negotiating a modification with my 1st mortgage - done without reaffirming the debt.

The 2nd mortgage with another lender insisted I reaffirm the debt before they would negotiate. My BK attorney offered no assistance so, without any guidance or professional insight, I reaffirmed the 2nd.

My balloon payment on the 2nd is now coming due and I can't afford it. The value of the home (in CA) is $20K shy of what I owe on the 1st. The outstanding balance on the balloon payment is $63K.

I'm currently in talks with my 2nd mortgage company. I'm dealing with their modification dept. If they can't help, I'll be referred to the "balloon payment problem" dept. If THEY can't help, I'll be referred to the settlement dept.

I'm starting to wonder if it'd be in my best interest to turn down any modifications or balloon resolutions on the 2nd and take a chance at settling the debt. If home prices continue at the current trend, I would likely be able to break even on both debts in 4-5 years.

So I ask:
1) Does the 2nd mortgage retain junior lien status even though the 1st was modified? If so, I'd assume they'd be willing to negotiate in lieu of foreclosing since they'd get no money from the sale.

2) Being within a few years of potentially breaking even on both loans, would my 2nd mortgage lender be less likely to negotiate at all and instead decide to foreclose?

Thanks for any insight you can provide!
Added (1). Also, if the debt gets settled for less than what is owed, would I still retain the property?

Read more: What's the best option for resolving a balloon payment on my second mortgage?

What are my chances of getting a visa to live in Canada?

Hello. Would like to know my chances of getting a visa so I can immigrate to Canada. Specifically, Vancouver, British Columbia.

I am a 26 year old male optometrist with full education, documentation etc. Living in Manchester, England. As I only have 4 years experience, I only earn £60,000 annually, but my boss has said this may rise if I stay a few more years. This is a good offer, but I've never wanted to stay in Manchester, but to move to North America.

I have £140,000 ($280,000 Canadian) and with a mortgage, should buy me a one bedroom, one bathroom apartment which I'm happy with. I have a flat here in England, but it isn't worth a lot, it will only cover my new car and travel fees.

I looked online and it seems that my job is on the list of required skills which drastically improves my chances, apparently. Is this true?

Also, if someone has any experience, please tell me about it and any tips. Thanks

Read more: What are my chances of getting a visa to live in Canada?

My credit union approved me for a mortgage modification due to a true hardship. How long does it take?

When I call to check, I m told it is still in review. How long does it normally take to be put in writing?

Read more: My credit union approved me for a mortgage modification due to a true hardship. How long does it take?

How hard will it be to be approved for an FHA loan? 150k loan or less for a condo?

I have around a 640 score. 23 years old and make 38016.00 gross annually. I have 3 open credit cards with no balance. Two Sallie Mae loans totaling 15k which I only have to pay 50 monthly. And gov. Student loans. An open car (lease) loan, 266 monthly. One card did close by creditor but has been paid off.

Read more: How hard will it be to be approved for an FHA loan? 150k loan or less for a condo?

Is it smart to buy a house while started starting college?

I feel I won't be successful in college while living with my parents because my two sisters with their families moved in and its chaotic. I don't want a roommate… Here's the thing if I rent the rent averages around $900 and up and if I buy which I have a downpayment for the mortgage would be $500-$650? Would this be smart?

Read more: Is it smart to buy a house while started starting college?

Take cheaper home or superior one with a partial mortgage?

Hey guys here is my scenario. So I am fortunate because my father purchases starter homes for my siblings and I. I am the youngest of three boys. So 4 years ago before I started college my father purchased both of my brothers their first homes for $100k. Now that I am back my father has decided to bless me with a starter home for which I am grateful. However real estate prices have shot up and we cannot get the same exact home as my brothers. The one we can get is for $130k so my father is proposing that he pays $100k on that home and have me take on the $30k as a mortgage for 25 years. The thing is my annual salary is $20k (I work with my father) so I would not be able to save any of my money when other bills come into play. My father states that I am getting a superior home so this makes it "fair" but my view is that I am having a mortgage while my brothers did not so it just makes it unfair to me. What are your thoughts on this?

Read more: Take cheaper home or superior one with a partial mortgage?

Is it possible to get pre-approved for mortgage without hitting credit history?

I want to shop around for mortgage but afraid multiple lenders hitting my credit report would decrease my credit score. Is there a way to get pre-approved without affecting credit score?

Read more: Is it possible to get pre-approved for mortgage without hitting credit history?

Do your property taxes go up once the Mortgage is paid in full?

I would like to pay my mortgage in full but I would like to know if my property taxes will double? I heard that it will, does it?

Read more: Do your property taxes go up once the Mortgage is paid in full?

What is the difference between a deed and a mortgage? Why would a deed be higher than a mortgage?

I saw one thing that showed for the same property that a mortgage was like a third cheaper than a deed and someone was listed as having both. I am confused why one price is different than the other? And what is the difference?

Read more: What is the difference between a deed and a mortgage? Why would a deed be higher than a mortgage?

Are you completely debt free?

Are you completely debt free?

Read more: Are you completely debt free?

Can i evict a roommate if there is no renter agreement?

I have a friend that I have tried and tried to help. He has been staying in my house for several months while looking for a job. He finally got one, but it was part-time. He was barely making enough to pay his gas, and not enough to help pay bills. He just quit his job, walked out. Can I kick him out, and get the police to help if he won t leave?
Added (1). Adding more detail.

I own the home (more technically, I am paying the mortgage). I have never asked him to sign a formal agreement, but I have helped him file for various benefits and provided letters of the verbal agreement we made when he moved in. If it helps with answers, I live in Arkansas. The only information I could find online was based on official lease agreements, just can't find anything on my options in absence of a written agreement.

Read more: Can i evict a roommate if there is no renter agreement?

How many bedroom house should you have with these amount of people? (just a rough idea)?

Twin girls ( ages 12)
A girl ( age 8 )
A boy (age 5)
A boy ( 5 months)
+
Mother and father,
How many bedroom house should I have and who should go in what.

(I currently have a 2 bedroom house:( , so I want to know ASAP so I can move)

Read more: How many bedroom house should you have with these amount of people? (just a rough idea)?

Is there a chance I could get a mortgage?

Next year we plan on beginning to look for houses as our rental is more expensive than what we'd be paying for a mortgage on a small home.

I am the only one applying. My husband has no credit and he works casually due to a disability.

At that point next year I will have been working full time for 2 years. I have a yearly income of about $30,000 and a good credit score. My only debt is a $1000 student loan which I am making the regular payments on. We hope to have saved up $15,000 (but more likely is $10,000) as a down payment and plan to be looking for a house that is max $135,000.

I just don't know if this will be considered enough for a mortgage and I don't want to get my hopes up if there are slim chances. I had tried to get a private student loan before but they told me that to even be considered I had to work full time for 3 years - I am not sure if that is the same case as mortgages since they are secured loans.

Read more: Is there a chance I could get a mortgage?

Scammed on eBay/PayPal. What do I do?

Hello, I'll make this as short as possible. I've been using PayPal and eBay for the last 5 years. I've had 0 problems selling on eBay until now. This is my first very large sale and I live in the United States.

Anyways, I sold some items for $4,250 to a buyer in the US I made sure to get tracking and sent the items to him. I then transfered the money to my bank account and paid my mortgage and a few other bills. Well a few weeks later he files a claim with PayPal saying the items I sent him weren't correct and he wants a refund. So I responded to the claim and told him to ship the items that I sent him back to me. He provided tracking information and it arrived to me a week later. So here's the problem, he sent me back a bunch of crap that I didn't sell to him. So I refused a refund and PayPal automatically sided with the buyer. I explained to a PayPal representative on the phone exactly what happened and she didn't seem to care. Now my PayPal balance is over $4,000 negative.
What do I do now? Paypal pretty much just let him scam me! Will I go to jail if I don't pay PayPal back? What can they do? Please Help!
Added (1). I would also like to add that I sent PayPal pictures of the wrong items that were returned but it didn't make a difference. I also mentioned that the weight of the package was off by a couple pounds but the PayPal representative kinda chuckled and said it didn't matter. I'm mainly concerned that I'll get sued or go to jail. I'm not sure what the police can do if I were to contact his local PD. It's pretty much my word against his at this point. I will never use eBay or Paypal again.

Read more: Scammed on eBay/PayPal. What do I do?

Can anyone advise me on renting?

i have been a divorced parent living mortgage free for 3 years as our home is going under. I have never been a financial person and stupidly allowed my ex to take care of that. We need to be out of our home in the next 4 months and I have no clue how much to budget for rent. What percent? I have 2 children and pets and car payments etc.

Read more: Can anyone advise me on renting?

I don't have a mortgage on my house how does a home equity loan work for me?

I don't have a mortgage on my house how does a home equity loan work for me?

Read more: I don't have a mortgage on my house how does a home equity loan work for me?

Is it worth buying a house? Or is it better to just pay rent in the long run?

A lot of people say that owning a house is a great investment once it's payed for and finally sold for retirement. But I also hear that it's just easier to pay rent and have more money to save up or invest into something else. To give a better understanding with state-specific taxes and cost of living; I live in Los Angeles, California of the US. Or does state really matter with this answer?

Read more: Is it worth buying a house? Or is it better to just pay rent in the long run?

What's the cheapest/best way around the FHA rule of no exposed cement floors?

We will be doing a renovation, but don't want to install new flooring before the loan is approved. This seems like a dumb rule anyway.

Read more: What's the cheapest/best way around the FHA rule of no exposed cement floors?

How to sell my house & land, if the house is personal property (paying a mortgage) and the land is paid off?

I want to sell my home. My land has been paid off for decades, passed down from my great grandfather to my grandparents, to my parents, then to me. I bought a new manufactured home in '98 and had it put on the land. The tongue & axles were removed immediately, when the home was placed on the concrete runners.

The Appraisal District told me that no one can get a mortgage on my home unless it's showing as "real property", and they told me to call the Manufactured Housing Division of the Texas Housing Authority. I called them, and they confirmed that and said that they can't change it to "real property" without written consent from my mortgage company. So I called the mortgage company, and they said that they will NOT give the consent because I'm still paying for it.

So, it seems that I can't sell my house until it's paid off, but I can't pay it off until I sell it…

Do I have to sell the land & house separately? Can someone get a mortgage on my place despite what I'm being told? Will my chances of selling it be diminished due to this complication? Is it even worth putting it on the market? Am I doomed to live in this 3 bedroom house until I pay it off? My wife and I have 5 children, and we desperately need a 4 bedroom!

Read more: How to sell my house & land, if the house is personal property (paying a mortgage) and the land is paid off?

My goal is to save $250k in 10 years. Is this possible to accomplish?

Hello!

I'm 20 and I just graduated with a Bachelor's in Computer Science (thank God for high school AP credits). I have a very uncommon goal for a young adult -- and that is to have $250k saved by the age of 30. I determined that $250k at that age is personally enough money for emergency savings, a down payment for a mortgage, a potential business I could start, a rental investment property, and some savings for retirement which should continue to grow until I retire in my 60s.

I landed a junior developer job two months ago and I make $40k. It's a bit tight considering I live in a fairly expensive city, but I'm making it work. Taxes and health insurance take away 30 percent of my income, so I'm left with about $2333 each month. About $1700 goes towards rent, groceries, and other bills. Here is my monthly budget:

Rent: $1000 (cheapest studio I could find)
Utilities: $150
Groceries: $220 (I know, not very easy)
Subway/Transportation: $120
Cell phone/Internet: $50
Misc./Clothes/Entertainment: $130

So that leaves me with approximately $667 to save per month. $8000 * 10 years is $80k by the age of 30. It's not enough. But then again, those savings aren't invested. Where should I invest the $667 monthly savings, and how much would I return in 10 years?

I'd like any advice you have for me!

Read more: My goal is to save $250k in 10 years. Is this possible to accomplish?

Can you have your name removed from a mortgage loan prior to a legal divorce, and if so, what is the cost?

Can you have your name removed from a mortgage loan prior to a legal divorce, and if so, what is the cost?

Read more: Can you have your name removed from a mortgage loan prior to a legal divorce, and if so, what is the cost?

How does rent and utilities work?

Hi.

I'm almost 18, and am not mentally okay. My family is kind of pushing me and I worry for their safety because my anger seems to be harder to control.

I am seeing my psych on the 29th and are going to figure out what else is up and fix it.

I am hoping to move out ASAP. I am not going to college that I know of, and will probably be going directly into the workforce. I was hoping to get full time at a pet store or work on a farm.

I have a puppy who will probably be 5 or 6 moths old when I actually want to leave.

I don't want cable, no home phone, I don't have a car, I don't drink, I don't smoke, and I don't feel the need to over eat. So, I'll only be getting the essentials like Internet, normal healthy food, water, and any repairs for my bike. That's all.

The houses around here go for usually 750, and some go for 600. I'm going to try and score one for 600, but I can't be certain.

Will someone likely on minimum wage until completely out of highschool be able to pay for the bills of a house of that price, and keep my puppy, be able to afford this?

I don't go out and do foolish things. Only what I need, and saving up the rest for when my girlfriend graduates so we can hopefully work on a mortgage.

I live in Ontario Canada.

It's illegal to deny me my dog, as he is an ESA in training and it's illegal in general.

Thank you
Added (1). Actually, it's illegal to deny me my dog. It's the law in Ontario.

Payments - obviously working and doing payments online via my bank account.

I'm clearly trying to become an adult. Did that fly over your head?

Read more: How does rent and utilities work?

What is a nor harm contract in real estate? Pending mortgage approval the buyer wants one?

What is a nor harm contract in real estate? Pending mortgage approval the buyer wants one?

Read more: What is a nor harm contract in real estate? Pending mortgage approval the buyer wants one?

A house in my neighborhood has been vacant for almost two years?

A house in my neighborhood has been vacant for almost two years?
Added (1). and I was interested in it as possible investment. I did a tax search and learned the owner had died in 2013, (that was last time property taxes were paid on it.) A mortgage company was listed as well; when i called them they told me mortgage had been paid off. The mortgage company stated the property would be sold at auction but that means another year at least.
Are there any other avenues in purchasing the home and who would i contact?
I live in kansas city, mo

Read more: A house in my neighborhood has been vacant for almost two years?

Dementia family member and selling the house?

Basically there s a dementia family member who doesn t have their name on the deeds of the house but does on the mortgage for the house.

Would this affect the sale of the house?

Additional information: Theres nothing put in place in terms of power of attorney or that for the dementia family member.
Added (1). Edit: Not trying to get PoA, just looking to see if having the dementia members name on the mortgage but not the deed of the house would affect selling.

Read more: Dementia family member and selling the house?

Can husband & wife receiving Social Security benefits get a mortgage to buy a producing farm?

Can husband & wife receiving Social Security benefits get a mortgage to buy a producing farm? - 1

Read more: Can husband & wife receiving Social Security benefits get a mortgage to buy a producing farm?

Can I terminate my rental lease early without repercussions?

I am 6 months into the second year at my residence. I signed a 1 year lease then renewed for this year. However, I want to move for various reasons and have the opportunity to buy a house but it needs to be soon. I still have 6 months on my renewed lease and cannot afford both rent and a mortgage.
The original lease stated this:

"RENEWAL: This lease will continue for one year after the Initial Lease Term unless either you or we give the other at least 30 days’ written notice of termination before the end of the initial term. During the continuation term, either you or we may terminate the lease at the end of a calendar month by giving the other not less than 60 days written notice. We may increase the rent at the end of the initial term or during the continuation term by giving you not less than 60 days’ notice before the beginning of a calendar month."

Does this mean that I can terminate my renewed lease early with 60 days' notice to the rental management company, or will I still be responsible for all the rent until the end of the renewal lease if I terminate early?

Read more: Can I terminate my rental lease early without repercussions?

How to protect myself and my children if my name is not on the mortgage?

My boyfriend of 7 years and I are currently in a "lease with option to buy" situation. We have been renting this house for 2 years and are now ready to purchase. My credit is really bad due to a foreclosure on my previous home I owned with my ex husband. We had been working on improving my boyfriend's credit score so he could qualify for a mortgage, which finally happened! We are both cosigners on the lease, but only his name will be on the mortgage. I worry that he could kick me and my kids out on a whim after he buys this house though. I pay at least half of the bills, and no way could he have afforded to live here for the past 2 years without my income. We want to get married but can't at this point due to his crappy insurance coverage and my special needs' son who needs to be able to keep his benefits. The original $5,000 down payment for this house 2 years ago came from ME, so I feel I do have legit interest and investment in this house. Is there ANYTHING I can do to protect myself and my kids? I trust my boyfriend, but I can't predict the future. Can my name be on the deed at least? Thanks for any help!

Read more: How to protect myself and my children if my name is not on the mortgage?

I am 62…want to take lump sum distribution on pension…to pay off second mortgage…how will I be taxed?

I am 62…want to take lump sum distribution on pension…to pay off second mortgage…how will I be taxed?

Read more: I am 62…want to take lump sum distribution on pension…to pay off second mortgage…how will I be taxed?

Which type POR do i need? Proof of residency?

I want to get my learners permit in texas, and the de 964 certificate had a half sheet that said to bring a water and electricity bill, our bills wont come for a while and all we have is a mortgage bill and bills for internet, do i have to Have an electricity or water bill or not?

Read more: Which type POR do i need? Proof of residency?

Makes sense do a renovation from a homeline?

Hi I have typical case that seems easy but several realtors have contradictory opinions.

House: Old Bungalow, 1.5 bathroom, 3 bedrooms, current price is $570K
Condition:
Kitchen from the 80's, white appliances, medium
Main Bathroom: from the 80's, medium
Basement full finished, high-end from the 70's

Same houses full renovated sells for $640K to $700k max

The question that realtors contradicts is:
Mortage remaining: $285K
Equity: (570K-285K=$285K)

I have $50K from a homeline attached to the mortgage if I invest these $50K distributed:
1) $7k in appliances, $3k in granite, same cabinets
2) $10k in the bathroom
3) $3K in shutters
4) $5K in the second bathroom to covert to full.
5) $20K in the basement to upgrade to 2015
6) Full paint and extras.

The new price + investment is $620K, Gain conservative only $20K ($40K if lucky)
The mortgage would be now $335K
New equity: ($640K-$335K=$305K)
Want to move to a $800K house, also I want to buy first and sell later (banks makes this difficult)

The question that they contradicts: is worth the reno spending $50k from a homeline?
If is spent from the own pocket then is not brainer… But is this case?

I would appreciate your valuable expert opinions.

Thanks a million.

Read more: Makes sense do a renovation from a homeline?

Apply for multiple mortgage pre-approvals?

My brother told me to apply for more than one mortgage pre-approvals to compare rates and benefits, but I asked another broker (my brother is also a broker) and he told me that I should only apply for one pre-approval. He said some banks will try to sue the potential home buyers if they got the pre-approval but didn't actually lend money from them at the end. Is that true? It sounds a little bit absurd to me since it's just a pre-approval, and it's not a finalized deal.

Read more: Apply for multiple mortgage pre-approvals?

When the fha loan is 3-1/2 per cent, w-2s are in order, credit score and rating?

Are good, lender and realtor are there, with and income in the area of 250,000$ net what is the step after that in a first purchase of a house in the Southern California area.

Read more: When the fha loan is 3-1/2 per cent, w-2s are in order, credit score and rating?

What should I do with my home after divorce?

My ex-wife and I bought a house together in September 2005 when we were married. We had a baby in September 2006 at which point she stopped working until 2010. We got divorced and she moved out in September 2011. In essence, she contributed nearly 3 years out of nearly 10 years I have owned the house so when she moved out we agreed to have her name taken off the deed. She wants to buy a house now with her new husband but her name is still on my mortgage. I struggle to make payments but it is current still. My credit is shot due to divorce. She told me that she wants me to refi or sell the house. I would refi if I could, but I fear my credit wont even allow me to do that. But to sell the house? Is it right for her for me to sell the house I have been paying into for 10 years just to make it slightly easier for her to buy a house? Am I wrong to think she is asking too much? What can I do? By helping her, id be giving up a home ive been paying for alone most of the years and would have to start from scratch in order to make her chances slightly better at getting a new home. Her credit is also shot and I don't know how much her name being off the mortgage would help in light of her other credit issues. What should I do?

Read more: What should I do with my home after divorce?

Education loan for studying abroad without giving property papers?

I am from India and I would like to study abroad in Canada or Australia. I really want to study there and i want to also repay the loan I take. But Banks ask for property papers and then they provide me a loan. My amount will be probably 10 Lakhs Rupees. I am not allowed to take a loan putting my house, aka mortgage loan. Can anyone please give me any lead? Scholarship is an option but i read that if i get a scholarship i will still have to pay the money and after reaching the desired country i will get the refund. But i don't have money for the fees. Rest everything is okay for me. I will be very glad if anyone guides me through this scenario. Thanks in advance.

Read more: Education loan for studying abroad without giving property papers?

Will I qualify for an FHA loan? If so, about how much?

I live in Maryland. My credit score is 729. I make about $1,300 a month. I have $8,000 for a down payment, but I don't have 3-6 months emergency fund. My school loans have been paid off and I have no other debt. I don't want to get my hopes up. Is it realistic to think that I will qualify for a an FHA loan? Otherwise, I'll be renting a studio apartment for $935 a month. Thank you.

Read more: Will I qualify for an FHA loan? If so, about how much?

Is it true that PMI can no longer be removed from a FHA loan?

Is it true that PMI can no longer be removed from a FHA loan? - 1

Read more: Is it true that PMI can no longer be removed from a FHA loan?

Has anyone ever gotten a mortgage modification from Neighbors Federal Credit Union and how long does it take?

Has anyone ever gotten a mortgage modification from Neighbors Federal Credit Union and how long does it take?

Read more: Has anyone ever gotten a mortgage modification from Neighbors Federal Credit Union and how long does it take?

Homeowners insurance, second policy?

My husband is currently buying a home, I will not be on the mortgage due to credit issues. When we was trying to get homeowners insurance we found that his ex wife had left him on her policy and in 2013 made two insurance theft claims, one was of a large amount. Most reputable homeowners insurance companies have denied him coverage. He was able to maintain insurance through geico, but we were told he needs to avoid making any claims in the next three years. Which is a crazy thing to request, but we need the insurance to close, so we took it. My question is, can I take out an additional policy on the house that we could use if anything were to happen or would his ex wife's negative history affect me, since he is my husband? Or could I even do it at all?

Read more: Homeowners insurance, second policy?

I need some advice regarding a mortgage escrow account?

I paid off my mortgage with my credit union here in MO. I had about $1500 in an escrow account that I was expecting to receive via check in the mail. The credit union requires all members that have active loans carry a savings account with a balance of at least $1. I also have a car loan with this credit union.

Instead of receiving my escrow refund check in the mail I found out that they deposited the $1500 into my savings account with the credit union and then disbursed about $600 of it as they pleased. They applied the money to my automobile loan.

The credit union has a policy that all loans are cross collateral for one another so they find a way to intermingle accounts. BUT… I don't believe they have a right to do what they please with MY escrow money. I have been in the mortgage industry for 14 years and can't say I've seen this done before. It is pretty standard for the lender to refund the escrow money with a check within a 30 day period.

Can anyone tell me if my credit union is legally able to do what they did? Do I have any recourse if they are in the wrong? If they are guilty of conversion here there would be thousands of other people like me that have a case.

Thanks in advance.

Read more: I need some advice regarding a mortgage escrow account?

I need some legal/industry expertise regarding mortgage escrow accounts?

I need some legal/industry expertise regarding mortgage escrow accounts?

Read more: I need some legal/industry expertise regarding mortgage escrow accounts?

How to send the signed GFE and the Initial Disclosure set back to my Mortgage agent?

How to send the signed GFE and the Initial Disclosure set back to my Mortgage agent?
Added (1). S
Added (2). I am taking a mortgage for my new home and I just signed the GFE and the Initial disclosure set. The women assisting me just went on leave so I wanted to know how do I send the signed papers ( about 100 papers) back to the company? Scanning and emailing does not seem logical and I can't get in touch with the lady.

Read more: How to send the signed GFE and the Initial Disclosure set back to my Mortgage agent?

Should we pay off our mortgage or put my inheritance in the bank?

I recently inherited a lump sum of money from my late grandmother. It's enough to pay off our mortgage with a small sum left over. My husband doesn't want to pay off our mortgage, he would rather invest the money, but I don't want to. I dislike being in debt, and it would be a relief to have everything completely paid off.

We are retired military and disabled vets. He is a software engineer, and I'm a registered dietitian. So we don't really need the income.

Read more: Should we pay off our mortgage or put my inheritance in the bank?

What happens to my single family home if my condo forecloses?

What happens to my single family home if my condo forecloses?
Added (1). if for some reason my income is reduced and I continue paying my single family home mortgage but do not pay the condo mortgage that I am renting out. Can they mess with my single family home(that has equity)?

Read more: What happens to my single family home if my condo forecloses?

How to sue my mortgage company without hiring a lawyer?

How to sue my mortgage company without hiring a lawyer?

Read more: How to sue my mortgage company without hiring a lawyer?

Can I call about my husbands 401k?

My husband is currently at basic training in the Army. He quit his previous job and wants the money from his 401k for bills this first month he is away. We have a car payment and mortgage plus two amazing children, so the money would be helpful. I put in for the money to be direct deposited into our bank about twelve days ago. I don't understand what could be taking so long. It already did a ACH seven days ago. I was curious to know if I could call and ask what is going on? It's my husband's account only though. I don't need any more problems than need be. I need the money soon for bills and doesn't seem like it's doing anything. Thank you in advance!

Read more: Can I call about my husbands 401k?

Chase Home finance mortgage?

Chase Home finance mortgage?

Read more: Chase Home finance mortgage?

Who legally has to leave the house?

If me and my boyfriend and our two young children buy a house but the mortgage is in his name only, who will have to move out if we separate? Will it be him as it is legally his house, or will it be me and the two children ( 3 and 11)? Only one of the children is his.
Would I have any rights whatsoever as we moved in together from the very start.
Thanks in advance.

Read more: Who legally has to leave the house?

How to get a loan to buy commercial premises?

My friend is the MD of a Ltd company in the UK. The company operates out of leased premises. He now has an opportunity to buy the premises under his own name and lease them back to the company. He is struggling to get a mortgage from the normal sources. Could he get a loan from anywhere else, or is there any other way he could achieve this?

Read more: How to get a loan to buy commercial premises?

Isn't the economic system like slavery?

I find them easy to compare for these reasons. Nowadays you have to have money to make more of it. Being born to a poor family is fate. So was being born a slave. Another reason. If you are a poor person and take a loan or mortgage isnt it sort of like the banks own you? My personal dilemma is with my mother. I was lucky to be born to a wealthyfamily. My dad came here from Poland with $170 speaking no English and now because of hard work and education he is a multimillionaire. My mom was born to my grandparents who were rich and she didn't have to do much to become a surgeon except learn. Now I am 13 and I argue with my mom about the lower class. My mom always complains about the 1% and how rich people screw poor people over to make more. My dad is rich doesn't screw people over. But no. Rich people use tax lawyers so they don't have to pay inside their bracket. Why should rich people pay a higher tax percentage than poor folks? Because they will still end up making a lot. So rich people like my dad are bad because they use lawyers and offshore accounts to pay less taxes which in turn leads to poor people suffering because they can't moouch off of the government. Also the fact that the employees make $10 an hour whereas the Executives make $1000 an hour make the workers suffer because they have to struggle to survive. I would like to add I am not a troll I am simply seeking differing opinions. I would like to know what you think about my opinions and if you agree/Disagreee.

Read more: Isn't the economic system like slavery?

Can I start saving up for my own house?

I'm 18 and I work 7 days a week. O want to put aside $100 a week in a savings account. My dream is to own my own house one day. I am going to college to become a teacher and my grandmotger already has money saved for me for college. Is this a good idea or stupid idea?

Read more: Can I start saving up for my own house?

Will I get any sort of tax credit or tax break for purchasing a house in cash?

I am self employed and take distribution checks all year and then pay my taxes at the end of the year. I usually end up owing many thousands of dollars at the end of the year. I just purchased a house in cash, no mortgage. At the end of the year, will that offset the taxes I owe? I live in NY but it is Federal I m more concerned with.

Thanks

Read more: Will I get any sort of tax credit or tax break for purchasing a house in cash?

Has anyone dealt with CHIP (Canada Home Income Plan)? Reverse Mortgages?

I'm thinking of using some of the equity of my home. I have no family to will my home and since the house is really all I have I'm thinking of some things I want to do. I'm a senior and have little savings. What do you think of the Reverse Mortgage idea?

Read more: Has anyone dealt with CHIP (Canada Home Income Plan)? Reverse Mortgages?

DO I DEDUCT THE PAYMENT OF THE MORTGAGE FORM THE SALE PRICE OF MY HOUSE TO CALCULATE THE CAPITAL GAIN?

DO I DEDUCT THE PAYMENT OF THE MORTGAGE FORM THE SALE PRICE OF MY HOUSE TO CALCULATE THE CAPITAL GAIN?

Read more: DO I DEDUCT THE PAYMENT OF THE MORTGAGE FORM THE SALE PRICE OF MY HOUSE TO CALCULATE THE CAPITAL GAIN?

Why the difference in rates from interest to APR. I was approved for 3.7 interest but my APR is 4.7?

Why the difference in rates from interest to APR. I was approved for 3.7 interest but my APR is 4.7?
Added (1). Why the difference in rates from interest to APR. I was approved for 3.75% interest but my APR is 4.79%? Purchase at $347,500 - 30 year fixed FHA, my credit =750, 3.5% downpmt. Sellers have agreed to pay closing costs. Condo in Arlington, VA.
Added (2). Why the difference in rates from interest to APR. I was approved for 3.75% interest but my APR is 4.79%? Purchase at $347,500 - 30 year fixed FHA, my credit =750, 3.5% downpmt. Sellers have agreed to pay closing costs. Condo in Arlington, VA. No points.
Added (3). Sorry, this is for mortgage loan. Sorry on updates, i thought each update would replace the one before. :)
Added (4). In your opinion, is this a good deal?
Added (5). This who home purchasing thing is really making me physically ill. The stress and worries! :/
Added (6). No points upfront. Should I pay points? Doesn't that lower your interest? I plan on living here at least 8 years, until my daughter goes off to college.

Read more: Why the difference in rates from interest to APR. I was approved for 3.7 interest but my APR is 4.7?

Is it worth it to pay off reverse mortgage with a forward mortgage?

My uncle took out a reverse mortgage on a house about 6 years ago when he was in bad financial and is under Medi-cal and Medicaid. Currently the reverse mortgage’s Loan Balance increase by about $1,200 per month and eating up the house equity. I also saw somewhere stating that Medi-Cal have an Estate recovery program where they will claim all his asset once my uncle pass away. My uncle would like to leave me with whatever is left of the house if anything were to happen to him.
I now have a stable job and I’m interest in keeping the house. I would like to know if it’s a good idea to take a forward mortgage under my name to pay off my uncle’s reverse mortgage loan (est $410,000) in order to transfer the house to my name. We were hoping this will avoid the Medi-Cal asset recovery from taking the house and prevent the reverse mortgage Loan Balance from increasing any further.

We live in California and is there a rule or law that will prevent my uncle from transferring the house to my name as a gift if we were to clear up the reverse mortgage? Will Medi-cal prevent this from happening or will this disqualify him from Medi-cal and Medicare? I do not want to take out a loan and dig a hole for myself or cause any hardship for my uncle if we will not be able to transfer the house to me and Medical will take all of my uncle asset if my uncle were to pass away leaving me in a bigger debt.
I would really appreciate it if anybody can help provide any suggestion and advice you may have.

Read more: Is it worth it to pay off reverse mortgage with a forward mortgage?

Credit pull before closing… From our mortgage lender?

I just noticed my credit score dropped due to another hard pull. We are in the final stage of a Short Sale. We are waiting on the sellers bank to approve us ( everything else is done up to this point). Our mortgage has already been approved. Is this a good sign that we may be approved, if not, why would our lender pull our credit while the sellers bank is reviewing our offer?

Read more: Credit pull before closing… From our mortgage lender?

I feel like I'm a bad child?

Okay, well there's two things I need to clear up.
1. I feel like my little sister doesn't get enough attention from the family. I mean, my parents pay attention to her but my grandmother has flown over from the UK and she deliberately is showing her that she likes me more than her. It's really depressing for me to see, because I love my little sister and I'm going to be honest here - I don't show it really well. I'm often in a grumpy mood (hormones ugh) and I feel like I'm quite mean to her a lot of the time. I hate seeing her upset and I've just gone through this phase of realization. I hate to even think about what she's dealing with. Her grandparents neglect her, and she's got the worst, meanest big sister. I also quite often see her coming home from school really upset because she hasn't got any real friends and some boys can be really mean to her. She's only 9 and she's already going through rough times.
2. My dad. He works, literally, All DAY. He gets up at 8AM and goes to bed the next day at around 1 or 2 AM. He works all the time to pay for the mortgage, the bills, our education AND I feel like I'm being really greedy. Which is what is really bothering me. I know so many things that I really want but I feel like if I ask my dad to buy it for me, it'll be really greedy of me. I'd feel guilty. Okay so, he's paid $60 for a year subscription to a website I don't even use ( Which I feel TERRIBLE for), He's paying monthly for Spotify Premium ($10 a month)

Read more: I feel like I'm a bad child?

Is it too late to switch lenders for my home mortgage?

When I began looking for a home, I got pre-qualified for my mortgage with the bank I use for my checking/savings. I waited to shop around for a good interest rate until I got closer to buying a house.

I found one last week, offered, they accepted, contract was signed yesterday.

I looked around at interest rates the other day, and found one that is far lower than my bank's. I am waiting for the pre-qualification to come back, but when it does, I'd like to use that bank for my mortgage.

My bank just e-mailed saying they received my contract and are preparing disclosures, but I have not signed anything with them yet. Is it too late to switch to the bank i'd prefer to use?

Read more: Is it too late to switch lenders for my home mortgage?

If you did not vote, can you still be credit checked for a mortgage?

Hi, I am a UK resident. I couldn't vote because I was not in the country at the time, I am registered to vote however.
I was wondering- because I never voted, how will the bank credit check me? I want to take out a mortgage next year but I am worried that I will not be allowed because I did not vote.

Thanks for you help in advance!

Read more: If you did not vote, can you still be credit checked for a mortgage?

Is there a contemplation period before signing mortgage?

I have been in to the bank and signed up for a mortgage. I was talking to a friend and he said that the bank legally should have given me a period to think about the mortgage. Basically I was presented with a mortgage and signed it there and then.
Is this true? Should they have presented me with the mortgage and then not let me sign it for x amount of days?

This is in the United Kingdom.

I am curious more than anything but this is my first mortgage so I do not want any issues arising.

Thank you all

Read more: Is there a contemplation period before signing mortgage?

Is mortgage interest a tax write off?

Is mortgage interest a tax write off?

Read more: Is mortgage interest a tax write off?

If a loan is backed by a government agency such as a FHA or VA, the lender can?

1.sue the government agency insuring the loan
2.pursue a deficiency judgement against the government agency
3.reinstate the defaulted loan automatically
4.file a default claim with the particular government agency

Please help! Thank you in advance.

Read more: If a loan is backed by a government agency such as a FHA or VA, the lender can?

How to calculate Yield to Maturity?

How to calculate Yield to Maturity?
Added (1). YTM of a 5.25 % subordinated mortgage bond due at the end of 2024 that is selling for $1,020 today. Calculate the current yield as well.

Read more: How to calculate Yield to Maturity?

What age do you have to be for a mortgage?

Me and my partner are looking to take a mortgage out we can afford it we have 3/4 of the deposit we are still saving but one of us is 17 and the other is 19 are able to take out a mortgage or do we have to be both 18 and over?

Read more: What age do you have to be for a mortgage?

How much deposit for mortgage will we need and what mortgage could we get out?

Me and my fiancé are looking to take a mortgage out we are new to this and not to sure what everything is.

My annual income is £9,000 but over the next 3 years it will got up to £23000.

My fiancé has an annual income of £28000.

We have used the Santander budget calculator and we spend £1553.33 a month. This is including £500 a month for our flat and £200 a month on utility bills and £200 a month for food.

We were looking to buy a house between £90,000 -£150,000.

We have £5000 saved so far but we are not sure how much more we will need to save for a deposit.

We would be willing to pay £300 a month for the mortgage as well until my annual salary goes up to £23,000 which we will be willing to increase the monthly payments to £500.

Could someone tell us what our mortgage will be and how much deposit we will need?

Read more: How much deposit for mortgage will we need and what mortgage could we get out?

Unemployed, can i mortgage my house?

hi all, i am unemployed since last two years. All my savings have turned zero.
now i had a flat under construction which is ready for possession however i have to pay builder balance amount.

is it possible i take a mortgage on house, pay builder take possession and repay as and when i get a job hopefully
i have no source of income and tried all my known to raise payment but unable to do so and dont want that house to go

Read more: Unemployed, can i mortgage my house?

Calculate the yield-to-maturity?

Calculate the yield-to-maturity?
Added (1). YTM of a 5.25 % subordinated mortgage bond due at the end of 2024 that is selling for $1,020 today. Calculate the current yield as well.

Read more: Calculate the yield-to-maturity?

How to get a bank loan when I already have 5 mortgages?

I have top tier credit but I can t get an HE line on my paid off house because I already have 5 mortgages/HE lines on investment properties. 2 banks I have gone to said I would need to pay off 2 loans to be able to get one loan from them. The math works out to where there s no benefit if I do that.

Are there lenders that don t care how many mortgages I have as the numbers work in terms of credit score, debt ratio, income, etc?

I m looking at B2R finance to cash out on other investment properties I own that are paid off, but I would also like to cash out on the home I m living in.

Read more: How to get a bank loan when I already have 5 mortgages?

What tax deductions are allowed in Michigan?

Apparently Michigan does not allow itemized deductions. This is unfortunate for me considering I was hoping to become a landlord and deduct the mortgage interest. All I know is that there is a homestead property tax credit (however, I am not entirely clear on how it works).

What other tax deductions or credits are there in Michigan? Can a landlord deduct anything?
Added (1). Judy, I kind of already figured that out as written in the very first sentence. My question was what other credits/deductions there were in Michigan. Thanks, though.

Read more: What tax deductions are allowed in Michigan?

Is 40000 enough for a family of 4 to live on?

the mortgage and insurance will already be paid for.

the 40000 is for food, clothes, utilities, lesiure
Added (1). In the south, cost of living is relatively low.

Read more: Is 40000 enough for a family of 4 to live on?

Write a program to calculate the amount of interest paid for a house mortgage?

Ask user to input
1. Loan amount
2. Interest rate (assume simple interest)
output: interest paid, total amount paid to bank,

Do it by using algorithm, flowchart or pseudo code. After that, do it by using DEVC++.

Could anyone show me how to do this question?
TQVM! :D

Read more: Write a program to calculate the amount of interest paid for a house mortgage?

I need to buy a home with bad credit, but I make amazing money?

Hello. I have been on HUD for quite a while, and food stamps, and medical (I've been mentally screwed up most of my life). Luckily I found Kratom, and it has restored my life. I went from being mentally ill, to a normal, highly functional, autistic person (not officially diagnosed). I married into an "already made family" and went from 0 to 4 kids overnight. I made mistakes before this, before having children. I have bad credit because of that. It's 555. I started a business, and have been working 12 - 16 hour days, almost seven days a week, since Jan 01. I am now making about 2K per week, being able to keep 1.5K after expenses. I'm making 5 - 7K per month. I went from dirt, dirt poor, to a sensation. Now… We're going to lose our housing, food, medical, etc. It would pay off to purchase a home outright, instead of paying our rent, because we live in a very, very expensive area of the USA (had to move here to get my two degrees, which I just completed).

Renting is out of the question, I could pay for a nice house in two years for the rent I'm paying here, and this place is considered very cheap. Renting is totally out of the question. I really don't want to pay for two homes in the time I could pay for one, you know what I mean? It sounds so stupid.

Ah well, I admit I made some mistakes. I'll take anything I can get though, even if it's outrageously high. Who knows, maybe I could pay it off in a couple months if things get bigger.

Thanks guys and gals:)

Read more: I need to buy a home with bad credit, but I make amazing money?

Is it better to buy a house with a mortgage or buy it with cash?

Is it better to buy a house with a mortgage or buy it with cash?
Added (1). say your putting 20% down payment

Read more: Is it better to buy a house with a mortgage or buy it with cash?

Does Illinois allow writing off mortgage interest and property taxes?

In Illinois, can you write off mortgage interest, charity contributions, student loans, and property taxes when deducting income taxes? I've heard Illinois does not allow itemized deductions. If so, what do they allow to minimize your taxes?

Read more: Does Illinois allow writing off mortgage interest and property taxes?

How to increase credit history?

I was recently denied a $3k loan at my bank even with a 750 score and 55k salary. I wanted to purchase a tractor and didn't want to pay cash to build more credit. They said my work history and credit history were both too short. In 2 years, I will like to get a mortgage for a home. If I got denied $3k, how can I work towards having enough history to qualify for a mortgage? I'm thinking about buying the tractor with in store credit, which I will probably use later on anyway to buy more appliances, is this ok? Is there other ways to build credit besides my already credit card?

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If I owe x amount of dollars as debt (whatever debt), wouldn't inflation be a good thing?

If I owe x amount of dollars as debt (whatever debt), wouldn't inflation be a good thing? - 1
Added (1). If I owe "x" amount of dollars as debt (whatever debt), wouldn't inflation be a good thing? Especially in long term mortgages where wages would eventually increase as well?

Read more: If I owe x amount of dollars as debt (whatever debt), wouldn't inflation be a good thing?

Am I being treated like a child?

I m a 24 year old female who moved back home with my mom after school. I do contribute to household bills (literally paying everything but mortgage). I moved back home mainly because it s less expensive than living on my own at this point and to help my mom with expenses but I m starting to regret it and change my mind about living at home. I feel like I m being treated like a child. When I go out and come back in after like 2 am it s a big problem. I have to sneak and spend the night at my boyfriend s house because my mom doesn t approve of "adult sleepovers" with my boyfriend. But what really has gotten me over the edge is a few trips I ve had to pass up on with my bf including LA and NY basically because my mom doesn t approve of me traveling with (and therefore sharing a bed) with my boyfriend. My friends say having no freedom in regards to hanging out is a downside but they say it s better than paying for everything on my own right now like I would if I moved out. I really don t know what to do, all I know is I m almost 30 and I need to be free to be an adult and make my own decisions. What should I do?

Read more: Am I being treated like a child?

Need advice on getting ready to buy home? - 1

I am 22 and plan on getting a house in 2 years. I have been building credit for 2 years, I get paid salary which is 55k a year plus a 10k bonus each year. I plan on having 40-50k in 2 years, my credit score at the moment is 750. I applied for a personal loan today for 3k at my bank that I've had for 5 years (Wells Fargo) and never missed a credit card payment but got denied. My concern is being able to get a mortgage if I got denied 3k with my credit score and income. I have no debt whatsoever and pay my credit card twice a month in full. I have a 401k, Roth IRA, and half of my paychecks with fidelity. I was trying to buy a riding lawnmower and decided to get it in credit to build my credit more and I didn't want to get in store credit. How can I work towards one day getting a mortgage if I got denied 3k?

Read more: Need advice on getting ready to buy home? - 1

3 months banks statements and 3 months payslips for mortgage application?

I am going to apply for my first mortgage, and they are going to ask me for 3 months banks statements and payslips.

I have a second current account with another bank that I don't use regularly but keep in credit. This is not where my salary is paid into, so will they be wanting to see this too?

Read more: 3 months banks statements and 3 months payslips for mortgage application?

Need advice on getting ready to buy home?

I am 22 and plan on getting a house in 2 years. I have been building credit for 2 years, I get paid salary which is 55k a year plus a 10k bonus each year. I plan on having 40-50k in 2 years, my credit score at the moment is 750. I applied for a personal loan today for 3k at my bank that I've had for 5 years (Wells Fargo) and never missed a credit card payment but got denied. My concern is being able to get a mortgage if I got denied 3k with my credit score and income. How can I work towards one day getting a mortgage?

Read more: Need advice on getting ready to buy home?

What do you do when you're about to get kicked out of you home for just property taxes? No mortgage, No job?

Health issues and trying to sell everything on ebay just to stay afloat but running out of time fast!
I get winded just walking across the yard.
What can I do? Walk down south and live in a tent?
Added (1). I was born here so I don't qualify for illegal status benefits.

Read more: What do you do when you're about to get kicked out of you home for just property taxes? No mortgage, No job?

UK - Interest Rate Rise - Is It Time To Panic?

http://news.sky.com/story/1520592/interest-rate-rise-is-it-time-to-panic
Added (1).

Read more: UK - Interest Rate Rise - Is It Time To Panic?

My marriage is not emotionally healthy for me. I can't prove grounds for divorce. What can I do?

I want a divorce. I know my husband is a cheater and a compulsive gambler. I know he is a cheater because he gave me an STD. When I confronted him about it, he said he was not cheating and blamed me. He leaves home, he doesn't call to let me know he's gone or even where he is. He doesn't answer the phone when I call. He is sometimes gone a couple of days. He won't agree to an uncontested divorce. I have no proof of grounds for divorce. The house is in my name. I've been paying the mortgage myself and most of the other bills. This situation depresses me. How do I get out of this marriage?

Read more: My marriage is not emotionally healthy for me. I can't prove grounds for divorce. What can I do?

What would the judge rule in this case?

Long story short…

My uncle and aunt helped my dad to buy a house, My dad put a portion in, then his sister and brother in-law put in their share, as well as a mortgage.

After helping my family get this house, they had my dad and I help remodel. They said that however much it costs would be added to the mortgage.

The original verbal agreement was that when my dad pays the house off in 10 years, it will be his So after my dad and I both helped my uncle remodel, he then said that my dad can't afford the house, and now wants to sell it.

All the work that my dad and I did was for nothing. They won't give us the house. Didn't even give us a chance.

My dad went to an attorney and told him the situation. A letter was mailed my my uncle saying that if the original agreement does not happen, they will be going taken to court.

My dad and I both work for a temp service. Usually the work is steady, sometimes it's not. My mom and grandma would be moving in too. They both get steady income.

My dad has $20,000 dollars into this house for nothing. My uncle said won't be able to refund the money until the house sells.

What would the judge rule in this situation? There is nothing in writing saying my dad would get the property. Only was a verbal agreement.
Added (1). The deed is in my uncle's name.

Read more: What would the judge rule in this case?

Does anyone have experience with SNAP benefits for out of work professional?

I am unemployed after a successful 25 year career, so I currently have no income and am coming to the end of my severance money. I have made arrangements with my bank for a 6 month forbearance on my mortgage. With no current housing expense but with also no income, is anyone with knowledge about this process able to tell me if I could be eligible for SNAP (Supplemental Nutrition)

Read more: Does anyone have experience with SNAP benefits for out of work professional?

Best way to procure a second residential property in the UK?

I own a mortgaged property jointly with my partner. We have had it for 8yrs. What would be the easiest and cheapest way of buying a second property? We re looking into buy-to-let options or, alternatively, purchasing a property jointly with another couple in the family. Raising the deposit for a 250k - 300k property will not be an issue. Any tips on what would be the best way to buy that second property? A little lost, at present!

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Trying to spice up 10 year marriage. Ideas?

We have done everything. Nothing is new under the sun. But. I need ideas. I am not worried he is bored. I am bored. Four kids. A mortgage. A business. I just want to have fun again. Any suggestions? On seduction? Even flirting. I have been out of the game so long…

Read more: Trying to spice up 10 year marriage. Ideas?

Not paying mortgage has a benefit?

Afew years ago my father lost our house due to not paying the mortgage, he claims that during that time in order to get a 2nd mortgage you had to not pay your current one… It doesn't sound very truthful to me in fact I think he's full of ****. Can anyone vouch for that?

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What should I expect I have not decide If I want to rent are buy a home?

What should I expect I have not decide If I want to rent are buy a home?
Added (1). I want a 5 bedroom home and a larger back gate yard in a nice community
Added (2). Thanks each and everyone for helping me make to the, right decision specialty MImi Thank you so much I think I look into rent town home I pay on time for the last 30 years I never been late I always paid on time Thank you

Read more: What should I expect I have not decide If I want to rent are buy a home?

What insurance do you use to cover for your mortgage when you are sick and cannot work?

I have a mortgage. I have mortgage insurance. Will that handle the payments if I become sick long term? I have no insurance of any kind from my job.

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Is it likely that I will be able to immigrate to Canada?

Hi, I am going to give some background information but it's not completely relevant, skip down to the final paragraph for the question.

I am a 26 year old male from England. I am university educated and am currently working as an Optometrist earning £60,000 a year and have saved around £100,000.

My parents recently moved to Australia and I am the only family member still living in the UK. I have a lot of friends but a lot are moving away in the foreseeable future.

There are quite a few, but they don't match my pay, but with the money I have I could buy a condo with a small mortgage and live comfortably on that salary of around $90,000 a year (the same salary that I am earning in the UK)

Short Question:

Anyway, what are the living expenses per year (not including rent) and are there many Brit expats living in Vancouver? Also, what are the steps of becoming a citenzen of the Canada? I looked on the list of job shortages and have seen opticians is on the list. Would this improve the chances of me getting in the country.
Added (1). Also, I can fluently speak, read and write French.
Added (2). @brother_hesekiel. I asked this question once before about Canada and once about the USA. And, the one about Canada was quite unclear and I also wanted to get more information that i got in this question. And, by calling someone a mental retard, may offend people on this site.
Added (3). @borel thanks for the website and it has helped me a lot.

Read more: Is it likely that I will be able to immigrate to Canada?

How does one get out of a reverse mortgage?

How does one get out of a reverse mortgage? - 1

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Can you move into the house you are buying before completion?

I have asked the vendor if I can move into the house before our mortgage completes (he hasn't text me back yet so I am presuming he doesn't want to do it) but if he does, would this be ok? Our notice on the house we rent runs out on the 2nd August and we just want to move in now we are sick of waiting. Anyone any ideas on this? Thanks.

Read more: Can you move into the house you are buying before completion?

Can we have the inspection done AFTER closing?

Hello, we are set to close on our house tomorrow. However, we had some rather unfortunate news from the inspector, he was involved in a car accident on Tuesday with a broken leg and will be out of work for a while. That leaves us with no time to find another inspector before closing. It is a new construction home so both the builder and our realtor are assuring us that we don't need one because any problems we encounter will be fixed by the builder within a year (by state law there is a one year warranty on new construction homes). I want to have one anyway just for peace of mind. We have worked with the builder directly and he has assured us that if we find anything wrong, he will fix it. Given this, is there anything wrong with having an inspector come out in the next week or two? I am mainly concerned about catching anything major which would be covered under warranty anyway. Thanks.
Added (1). The mortgage did make it through underwriting. The bank apparently doesn't require inspection on new homes (news to me too). I guess it'd be bad for the builder's business if we found something in an inspection and he refused to fix it. He's very well known around here. Just wondering if we would be mainly safe choosing to do it this way.
Added (2). And, well, anything major would NEED to be fixed by law, anyway. Can I rest assured?

Read more: Can we have the inspection done AFTER closing?

Can you take a cash advance on credit card payday loan or reverse mortgage and go to the casino?

Can you take a cash advance on credit card payday loan or reverse mortgage and go to the casino?

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Problems with bank what should I do?

have an ongoing dispute with RBS. Around a year ago I went to a branch to close my select silver account with them. They told me it has been done and that I didn't have to do anything else.About a month ago I have received a letter from debt recovery agency showing I owe £615 to RBS. Thinking it is a mistake I went into a branch to enquire about it where I was told that my account still exists and that I am in fact £615 overdrawn. I have asked them to confirm what transactions put me in £615 overdraft. Those were charges for the account of £10 a month plus interest and other bank charges. I made a complain and had it looked at by the appropriate department. They confirmed that it is in fact a bank error and that they would remove the charges and amend my credit file which has been affected as this default is visible on my credit file for a year now. My equifax credit score has gone down to 191, I am unable to obtain any credit and I am being turned down for everything I am applying for, and above of all have been declined for mortgage. RBS has refunded the charges but failed to rectify my credit file, I have been chasing them up as they seem to be doing nothing about it. It's been over a month and they have not sorted it out, I have been given no compensation and they have not even attempted to amend my credit file yet! I have counted the amount of calls I have made over this month trying to sort it out and they have come up to 41 calls and nothing sorted.

Read more: Problems with bank what should I do?

I have a house with no mortgage nor rental income, do I need to file in the income tax return?

I have a house with no mortgage nor rental income, do I need to file in the income tax return? - 1

Read more: I have a house with no mortgage nor rental income, do I need to file in the income tax return?

Is there any government assistance or loans for first time home-buyers?

I am 24 years old and I make a little over 50k a year. I fully financially support my disabled mother, who also lives with me and I am her sole care-taker. Are there any loans or government programs that will help me purchase a home? I appreciate any info you have on the subject as I am just now starting to look into it. THANKS IN ADVANCE.

Read more: Is there any government assistance or loans for first time home-buyers?

Thinking about buying land then building a house to my liking smart or dumb?

Ok everybody this offer came up to me a piece of land is for sale in town the hook ups are already there
as much as i try to find a home in my area they all just seem to overpriced and the good ones go fast and i thought to myself what if i just built a house i am single 22 and have about 30k saved up the land would cost me around 10,000.
i would like to know if building a home like this is possible not exactly but close to this
http://homedecorreport.com/tips-to-design-the-right-small-home-building-plans-1675/small-house-plans-with-garage/

what kind of cost would i be looking at? Would this be a horrible investment am i just in over my head
sorry if this question seems stupid and thank you for anybody who inquires
Added (1). Sorry i forgot to include my other intention were to buy a foreclosed home for cash fix it up and live mortgage free which of the two options would make more sense to do.

Read more: Thinking about buying land then building a house to my liking smart or dumb?

Land Registry Title Deed - Charges Register. What items might appear here?

I've bought a copy of a title deed to check out a potential landlord. Never have I seen one of these before.

I've noted the Charges Register section where there are two entries of the same date, one simply "registered charge", the other says, "Proprietor: HSBC - of mortgage service centre".

Could this be something negative? It's a few months ago so obviously I'm wondering what it might be as the house was purchased over 10 years ago.

Read more: Land Registry Title Deed - Charges Register. What items might appear here?

Why are we sitting back letting our freedoms be ripped away?

Why do such a proud people sit back and take the abuse of the government? Is everybody a sheeple? A person who blindly fallows or corrupt government? Get a small fine and tell the courts you cannot afford to pay it. See what happens. Get hurt real bad gp to the ssi office and apply. Why do we the people sit back and allow such abuse? Steady increse in property taxes while our property becomes less valuable every day. The lie of the us dollar. We revolted throughout history now we sit back and do nothing as our country is ripped appart by the bully governments. Poor are pushed into submission and the rich rape the middle class for every penny via mortgages, credit cards,loans, steadily raising food and medical cost. Is it time for a new revolution?

Read more: Why are we sitting back letting our freedoms be ripped away?

If someone pays for your mortgage can they take your house from you?

My boyfriend and I are call it quits. The house we are living in we used to rent. It went into foreclosure when our landlord didn't pay the mortgage. I wanted to buy the house, he really didn't, but I talked him into it. My credit wasn't good enough to buy the house but his was. We agreed that if I paid the mortgage every month that he would put the house in his name. All the bills (electric, water/trash/sewage, gas, home phone, and internet) are all in my name. I have proof that he has never made a payment to the mortgage and that I have paid every single payment. He is now using this to is advantage. He refuses to let me stay in the home. He says that he is keeping it even though he don't want it. Is there anything I can do? I live in Missouri.

Read more: If someone pays for your mortgage can they take your house from you?

How to decide your career? And also how to know what you really want as a job? Thanks?!

How to decide your career? And also how to know what you really want as a job? Thanks?!

Read more: How to decide your career? And also how to know what you really want as a job? Thanks?!

Is there a minimum amount for mortgages?

If I buy a house that is only $20,000 more than the equity of my current house and I sell my house to buy the new one can I have a $20,000 mortgage or perhaps another type of loan for the house?

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