Im renting out a propoerty I own and still pay a mortgage on in MD. What taxes do I have to pay on that?

Im renting out a propoerty I own and still pay a mortgage on in MD. What taxes do I have to pay on that?
Added (1). Do I pay taxes on the entire rental income even though most of that goes towards the mortgage or do I only pay taxes on what i profit?

Read more: Im renting out a propoerty I own and still pay a mortgage on in MD. What taxes do I have to pay on that?

How much control does a lender have over borrower's credit score?

Here's the thing:

If a company buys a note from a bank, thus, becoming the lender to the original borrower, how much control does it have over borrower's credit score?

If the new company assumed the mortgage, can it change/remove any of the notes on the credit score of a borrower? Meaning those that were made the original lender.

I'd really appreciate answers. Thanks a lot!

Read more: How much control does a lender have over borrower's credit score?

Should I deposit it back into my mortgage escrow account or into my principle?

Should I deposit it back into my mortgage escrow account or into my principle?

Read more: Should I deposit it back into my mortgage escrow account or into my principle?

I currently live with fiance & his family?

Almost 10 people total. We have no kids, but there are kids. I am jump starting my career. I don't want to leave/move out, being that it will put my fiance in limbo. He wouldn't want to leave his parents as he agreed to help pay half the mortgage.
Do I hold my breath, tolerate, & sacrifice freedom/happiness/comfortability? Will it be selfish for me to want to start my career out of town?

Read more: I currently live with fiance & his family?

Can you use money from your mortgage to fix up a house you are buying?

Say, if I am pre-approved for a $200,000 loan, and I want to buy a house for $150,000 that needs $50,000 worth of repairs, can I take $50,000 from my pre-approval money and use it for repairs before I move in, or is that pre-approval money designated soley for the up-front purchase of the house? Like, would I have to only take $150,000 from the mortgage company and then get another personal loan or something for the $50,000 worth of repairs? I m sorry, I hope I m being clear, I m very new at this.

Read more: Can you use money from your mortgage to fix up a house you are buying?

Can I apply for a mortgage with less than 2 years at my job?

I just graduated from college and have been at my job for less than 2 years. Do I have to wait?

Read more: Can I apply for a mortgage with less than 2 years at my job?

How much is your rent or mortgage per month?

(or are you one of the lucky people who live in a fully paid off home?)
Added (1). My answer:
My mortgage payments are $366 bi-weekly (works out to about $800 per month)

Read more: How much is your rent or mortgage per month?

Homeowners in California robbed by banks?

I want to look into it but it almost seems like Google has forgotten about it. High mortgage rates, interests with incredibly low payments actually going towards the payment of the house.

This all happened from 2005 - 2008. In California with WaMu - now Chase. My parents got robbed and I want to look into it. Any information and how I can begin would be helpful.

Read more: Homeowners in California robbed by banks?

What is the real estate agent's role exactly for the buyer?

Beside finding the property? After the decision is made by the buyer to buy the property, what does the real estate agent could, would, or should do for the buyer?

Read more: What is the real estate agent's role exactly for the buyer?

Mortgage interest deduction when 2 people get a house with only one liable for the loan?

Mortgage interest deduction when 2 people get a house with only one liable for the loan?
Added (1). I'll be the only one of the loan.
I'd like both of us to be able to write off mortgage interest/taxes.
I'll be paying 62% and she 38% monthly.

My questions are
- Does this mean if she's on the deed, she can get the tax credit?
- Mortgage payments will be coming out of my account in which she transfers money monthly to me. Is this ok? Does account have to be joint?
- Is there another way in which we have a written agreement that she pays 38% and gets proportional ownership of the house?

Read more: Mortgage interest deduction when 2 people get a house with only one liable for the loan?

How many Black Lives Matter protesters will LAPD arrest at tonight's Oscars?

How many Black Lives Matter protesters will LAPD arrest at tonight's Oscars? - 1
Added (1). Will Smith was horrible as that Nigerian Doctor. Spike Lee's movies are below average. Black Lives Matter need to focus on bigger issues than worrying about some people who would not live next door to you for free rent/mortgage.

Read more: How many Black Lives Matter protesters will LAPD arrest at tonight's Oscars?

Will I have to pay any taxes if I give my son my old 69,000 dollar home that is falling apart?

Will I have to pay any taxes if I give my son my old 69,000 dollar home that is falling apart?
Added (1). @AARP. How much would the taxes be if I give it to him?

Read more: Will I have to pay any taxes if I give my son my old 69,000 dollar home that is falling apart?

Can bank auction the flat which was already sold to some one prior to mortgage?

Can bank auction the flat which was already sold to some one prior to mortgage?

Read more: Can bank auction the flat which was already sold to some one prior to mortgage?

What if all housing was owned by the government?

This question stems from a monologue I was having about how I would cure the homeless problem in America. I'm in no way saying this is what we should do, but it's just a radical idea.

Say that all housing was owned by the government. You don't have to pay for a mortgage, or pay rent. Instead it is paid for through taxes. That way even if you lose your job, you wouldn't have to worry about losing your house. When you turn 18, you can apply for your first home. When you get into said home, it's yours to live in forever, and when you die your kids will be first on the list to acquire said home if they want.

If you make enough money, then it would be possible to buy the home from the government at a standard mortgage rate. Once it's paid for, it's then your own house and you can do with what you whim. You can rent it out, make changes to it, or sell it to another private party, or even back to the government.

I understand, it's radical, Marxist, and not very thought out, but I'm just curious. Tell me why this would or wouldn't work, thanks.

Read more: What if all housing was owned by the government?

How much do you pay in rent or mortgage each month?

How much do you pay in rent or mortgage each month?

Read more: How much do you pay in rent or mortgage each month?

Independent Mortgage Advisor?

I have a degree in Accounting and Finance but after University I got a criminal conviction now I cannot get a job in a financial institution. I was wondering if anyone has any knowledge of becoming a independent mortgage adviser/broker? I am planning on taking the exams and registering with the relevant body (think it is FCA) but does anyone know if they'll let me register?
Added (1). My conviction was for Possession of a Class A drug (Ecstasy) - Please no nonsense about I shouldn't have done it bla bla bla

Read more: Independent Mortgage Advisor?

How does a cash offer differs from financing for the seller in property sales?

How does a "cash offer" differs from financing for the seller since the seller gets his money regardless of the source of the money, cash or financing?

Read more: How does a cash offer differs from financing for the seller in property sales?

Is it stupid for schools to teach by Minecraft?

It's actually a real question. I mean, schools are wanting to teach kids using Minecraft. How stupid does this seem? They say it's to make kids more interesting to learn but, wouldn't that make kids stupider? I mean, when there adults and have a business, how are they going to know real life stuff instead of saying things like "if you minus a smile from a creeper, you get blah blah…" I'm actually serious with this question. Schools are wanting to teach kids using Minecraft theories. You can look it up, schools are wanting to this actually. I think it's extremely stupid and that teachers should just teach us things we actually should learn like how to do mortgages and learning to deduced taxes. I mean, when are we ever going to use y=mx+b or how to find the equation of a graph? I'm 14 and it enrages me that teachers are wanting to use Minecraft to teach rather then just saying screw to the things we will NEVER use in daily life. I mean, parents will never teach kids how to do any of this because parents think they can just look it up now a days or they're too lazy to teach them. I'm sorry if your a parent and reading this, I don't mean to be offensive towards you guys. But seriously, does anyone else think this is a stupid idea?

Read more: Is it stupid for schools to teach by Minecraft?

Which industries will benefit from President Trump?

Which industries will benefit from President Trump? - 1
Added (1). Military. Trump will support and increase it instead of cutting back. Health Care. Prisons. The Private Sector will build more Prisons and Prisoner tracking devices. Law Enforcement. Trump will revive President Nixon's Law and Order platform. Law Enforcement will have a supporter and friend in Trump. Housing. Mortgage restrictions will be lowered.
Added (2). Employment. Trump is a brilliant Businessman. Tobacco, Pharmaceutical, regulations will be lowered. The American Worker. Taxes will be lowered. Vote Republican on November 8, 2016.
Added (3). Yes. Construction will increase as will the Electrification industry. The Wall will need Electrical wiring.

Read more: Which industries will benefit from President Trump?

Setting aside a CCJ. All correspondence sent to wrong address. Help?!

I became aware of a CCJ on my name when I was recently applying for a mortgage (now on hold) in December 2015. After enquiries, I’ve figured out that this was pertaining to a parking ticket during a holiday to Wales with the family in August 2014, when we made a trip to the Rheidol retail park in Aberystwyth. They posted the parking ticket to the wrong address as I had recently moved and DVLA hadn’t yet updated my address. I have applied to have the CCJ set aside and I have a hearing on Monday 7th March, 2016. I have spoken to Citizens Advice Bureau and Debt Line but they are both suggesting that I seek legal advice as they feel I may not have sufficient grounds to win this case.
any ideas or help?
Added (1). Any advice on how to prepare or should I withdraw and pay the CCJ off? If so, how will that affect my mortgage application? Any ideas?
I was renting at the old address and the owner agreed to forward my mail but didn't and eventually sold his property and moved abroad.

Read more: Setting aside a CCJ. All correspondence sent to wrong address. Help?!

Can I Become a Licensed Mortgage Broker/Loan Office w/ A Felony Conviction? - 1

Can I Become a Licensed Mortgage Broker/Loan Office w/ A Felony Conviction? - 1
Added (1). I was convicted of a Felony DWI 4-years ago… Can I become a licensed Loan Officer/Mortgage Broker?

Read more: Can I Become a Licensed Mortgage Broker/Loan Office w/ A Felony Conviction? - 1

Can I Become a Licensed Financial Advisor w/ A Felony Conviction?

Can I Become a Licensed Financial Advisor w/ A Felony Conviction?
Added (1). I was convicted of a Felony DWI 4-years ago… Can I become a licensed Loan Officer/Mortgage Broker?

Read more: Can I Become a Licensed Financial Advisor w/ A Felony Conviction?

Can I Become a Licensed Mortgage Broker/Loan Office w/ A Felony Conviction? - 2

Can I Become a Licensed Mortgage Broker/Loan Office w/ A Felony Conviction? - 2
Added (1). I was convicted of a Felony DWI 4-years ago… Can I become a licensed Loan Officer/Mortgage Broker?

Read more: Can I Become a Licensed Mortgage Broker/Loan Office w/ A Felony Conviction? - 2

Can I Become a Licensed Mortgage Broker/Loan Office w/ A Felony Conviction?

I was convicted of a Felony DWI 4-years ago… Can I become a licensed Loan Officer/Mortgage Broker?

Read more: Can I Become a Licensed Mortgage Broker/Loan Office w/ A Felony Conviction?

Can this work for an FHA home loan?

My mom has good credit but has only worked for a little less than a year and it's part time. My dad has bad credit but has a full time job and has worked for most of his life. We want to qualify for FHA but you need a decent credit score with at least 2 years of part time employment. We really want to get a house. Do you have any other ideas?

Read more: Can this work for an FHA home loan?

Is owning a house as difficult as I think it is?

First off, purchasing. I imagine that it would take forever to scrounge up money to own a house, or pay loans for the house. Secondly, I think that it would take too much to take care of the house, get furniture, and decorate the house. Is it rally as difficult as I'm making it? This is my first year of living on my own in an apartment.

Read more: Is owning a house as difficult as I think it is?

Is this normal for my escrow payment to go up so much?

Is this normal for my escrow payment to go up so much?
Added (1). Just got a letter from my mortgage lender saying my monthly payment is going from 2200 to 2800 next month. The 2200 is an increase from 2000 the previous year. Is that normal to go up so drastically?

Read more: Is this normal for my escrow payment to go up so much?

Where can I find out which mortgage company owns a property after foreclosure and Chase sold the loan?

Where can I find out which mortgage company owns a property after foreclosure and Chase sold the loan?

Read more: Where can I find out which mortgage company owns a property after foreclosure and Chase sold the loan?

Mortgaging with less than avg credit?

Hello. I would like some professional opinion on a scenario. We just bought a house our selves and it went quite smoothly for our first hometime buying.

My sister and her fiance are looking to also buy a home as well. She has good credit at 729 and he not so great at 599. He makes roughly 80k a year and she makes about 30k a year. Can they still get a mortgage on a home around 349k? They need over $15,000 to put down and currently only have half of that. Is there any instituitions that can over look certain things even if it meant higher interest? At the end of the day they are able to afford $1500 month before utilities. If it matters, The home is in Ontario,Canada. My situation was easy as we sold off some of our stuff for our downpayment and our credit was good and I dont know what to recommend to her before she goes to the bank or lender.

Thanks!

Read more: Mortgaging with less than avg credit?

How badly will my credit score be affected if my name gets added to the mortgage?

Okay so the situation is like this.

My mom did a quit claim deed to transfer ownership of our home to me in hopes of me being able to use that as an asset to take out a loan to invest in real estate.

The problem is that most investment lenders require you to be on the title AND the mortgage. Mind you I m only 21 with a credit score of 637 (it recently dropped, but I m working to raise it back up). So my overall goal is to raise my credit score and have our home (which we occupy) used as an asset for me to get an investment loan.

Will adding my name to the mortgage significantly hurt my credit score? Because I can t afford it to drop if the drop is going to be substantial. Please let me know how my score will be affected if I were to add my name along with my mom on the mortgage

Ps. I have a very cheap rental property owned free and clear with my name on the title so that also can be used as an asset.

It s about $88k left on the mortgage

Read more: How badly will my credit score be affected if my name gets added to the mortgage?

Buying house with kitchen upstairs and not downstairs, can I get mortgage?

Hi, I have intension to buy a house that has kitchen at upstairs and not downstairs. Would lenders lend me mortgage or kitchen has to be only at downstairs location?
This house was used to be 2 flats conversion without planning permission but the owner has now removed the partition of flats and kitchen downstairs as well. So it s back to single house of 3 bed-rooms with only 1 kitchen upstairs.

Read more: Buying house with kitchen upstairs and not downstairs, can I get mortgage?

Can you apply for a mortgage loan if your credit score is at 560?

Can you apply for a mortgage loan if your credit score is at 560?

Read more: Can you apply for a mortgage loan if your credit score is at 560?

How long can you survive without income?

Without selling your house, defaulting on your mortgage/other loans etc

Read more: How long can you survive without income?

INSURANCE: what is the difference between an AGREED VALUE & the MORTGAGE VALUE?

a) WHATS the difference between the two
b) what advantage does it give the owner of the car when theywant to use an agreed value in conjunction with their car insurance?

Read more: INSURANCE: what is the difference between an AGREED VALUE & the MORTGAGE VALUE?

What does eastern money mean?

Context: Until McDonald's overcame thal stigma, il wouid be living on the razor's edge, always chasing mortgage money and never assurecl of getting it. So, Sonneborn now set his sights on bigger game-eastern money.

Thanks!

Read more: What does eastern money mean?

Do I have to be a home owner to deduct charitable donations on my itemized tax return?

I don't own a home, but I am self-employed. Can I deduct charity donations? Thanks-

Read more: Do I have to be a home owner to deduct charitable donations on my itemized tax return?

My house was listed for short sale and then was burgled and burned down?

My house was listed for short sale and then was burgled and burned down. An arrest was made. The insurance company ruled in our favor fortunately. I know my mortgage company will get payment, but I m unsure of how it works. Will they receive the amount of the current balance? The payoff amount? The amount determined when it was listed for short sale? The short sale appraisal amount? Thanks for any help.

Read more: My house was listed for short sale and then was burgled and burned down?

What is the best way to completely clean/organize your home?

I know this may sound like a really silly thing to ask, but I'm still relatively young and don't have much experience with this kind of thing. I own my own home, and have for a little over 3 years. I am getting ready to move across country, and am trying to get my house ready to put on the market. I have years and years of just random junk, and things to go through and try to figure out what needs kept, or tossed out. But honestly, I'm so overwhelmed and don't know where to begin. I will start cleaning with the intention of DEEP cleaning, like getting it ready to be shown by realtors. But afterwards, I'm just left with a clean room, but it still doesn't seem "show worthy". I don't know what to do, because I still need to live in the house while it's on the market, so I still have a bunch of crap around. Does anyone have any good tips or resources for completely gutting and cleaning/organizing a house? Again, I know this is a really stupid question, but I'm just feeling really overwhelmed with this all. Any help is appreciated. Thanks

Read more: What is the best way to completely clean/organize your home?

Can anyone recommend a place to apply for a mortgage? First time buyer?

Can anyone recommend a place to apply for a mortgage? First time buyer? - 1

Read more: Can anyone recommend a place to apply for a mortgage? First time buyer?

Short sale verses regular sale?

I m looking at buying my first home through a short sale. I am wondering approximately How much cheaper I could get the house for verses just buying a regular listed home.

The house I m looking at has been sitting empty for a year now. It s still not foreclosed upon. What my realitor told me was the family took out an additional mortgage on the home (more than the home was worth) and went under.

The house was last bought for 150,000. What can I expect to get off of this property? Is the potentiomal closer to 20,000 grand off? 60,000? Or 5,000?

Any advice helps. Thanks.

Read more: Short sale verses regular sale?

I'm tired of renting, can I buy a house at the age of 21 with a 720 credit score?

Back Story: So I moved out of my moms place two years ago.

Ever since then I have lived in a shared apartment with a guy that has a family, & it has been a complete headache.

From having a bat placed right next my room (for his sons security I presume)

To just 1 hour ago, his daughter was scared about something on TV and I so happened to be walking out of the basement laundry room to see him rushing in like I would do something to his daughter.

After a year of living with him he still doesn't trust me, like I am still a complete stranger. Though I have spoken to him every day, told him more than enough about me, etc.

Therefore I really would like to get out of here as soon as possible, but I don't want to end up in debt.

I live in the north east, would it be smart buying a house here? I have a 720 credit score and make $50,000net a year.

Currently have $10,000 to my name as well.

We also live very near to the ghetto, so I would like to leave too.

Read more: I'm tired of renting, can I buy a house at the age of 21 with a 720 credit score?

Is Foreclosure or Short Sale an option?

Please, I am looking for some advice on these two processes…

I and the wife are currently in a Condo that we took out a mortgage for roughly 8 years ago. The value and all has been lost to where we owe more than it's worth at the current time…

There are many, many personal reasons why I want us to simply walk away and go stay with some family for awhile. I want to stay with some family and help them out as well as kinda rebuild ourselves personally…

we have never to this moment missed a payment.

I want to walk away from this place though and start over.

Is Foreclosure or Short Sale something I can ask for, and have it happen?

Read more: Is Foreclosure or Short Sale an option?

How much cashflow on average do you gain by renting a single family home?

I dont own any rental properties but would just like to have an idea… My guess would be between $200-300 after covering the mortgage and other expenses.

Read more: How much cashflow on average do you gain by renting a single family home?

Does this constitute as section 8 fraud?

I know someone who is going to a community college in the fall. He is 21. His dad is a veteran who is 74 who works hard, but sadly couldnt keep up with his mortgage and is losing his house to foreclosure from financial issues and declared bankruptcy. He will be homeless if he doesnt find a section 8 apartment soon. The only one avaliable is a 2 bedroom apartment for veteran homeless families with low income. That means the only way the person's father can get it is he needs to find someone to co sign for the lease that has low income as well. He asks his son to cosign and live with him in the apartment. They both qualify for section 8 due to low income. The son was living rent free with another relative before his father lost his house and needed someone to co sign with him. If his son co signs on the lease so his dad can have a home in the apartment, does he have to actually "live" in the apartment or can he mostly continue to stay at the original place where he's at sometimes because its closer to school? I'm not sure if it might be illegal or fraud but this is the only way the son can help his father can get a place who really needs it

Read more: Does this constitute as section 8 fraud?

I have no direction in life and i think im depressed?

I've been out of highschool for almost 4 years now. Im 21. I recently lost my job and havnt really gone anywhere after highschool. I just feel so behind from my other classmates it makes kinda sad an depressed. Im also on foodstamps because i cant even afford to buy my own food ever since i lost my job as a server, let alone rent. All i do is stay home now and play video games cause thats all i can do. I have no friends, no nothing. I dont want to being this my whole life. I dont want to be on food stamps. I wanna be the best me i can be and live life to the fullest. Ever since my cat died also a couple months though, i just felt even more lost. Had him since i was 10. I feel like im going nowhere. Sometimes i think suicidal thoughts but i know im not gonna do it. Its just everything isnt really going for me right now. The milatary isnt really an option for me either. And also on top of everything my dad is losing his house i grew up in to foreclosure because he couldnt keep up with his mortgage from financial issues and is declaring bankruptcy, and now is depending on me to cosign with him to this section 8 place because it has 2 bedrooms and i have no income. Idk what to do. I want to be better but life is getting harder and harder for me each day

Read more: I have no direction in life and i think im depressed?

How long before the move date should I start looking for a house?

our lease is up in June. We are first time home buyers using a va loan mortgage loan through usaa. When should we start talking to a realtor and shopping for houses?

Read more: How long before the move date should I start looking for a house?

Did Goldman Sachs do anything wrong?

Did Goldman Sachs do anything wrong?

Read more: Did Goldman Sachs do anything wrong?

Nice places to live in Leicester?

Hi All

I would like to take some advise from the people who know Leicester area, I am want to move to Leicester from Slough
My bank has approved my mortgage about 160k, I have thought about it and I think Leicester will suite me the most as I
can sometimes drive back to Berkshire to meet friends, at the moment I am single but soon will have wife hopefully, I am
intersted to know nice hilly areas with beautiful sceneries and also not to far away from schools and public transport
and should be under my budget, my prorities are house, sceneries, schools and transport, any advise will be appreciated

Cheers

Read more: Nice places to live in Leicester?

Quick way to make $10 online? I need it ASAP?

I literally only need $10. Not even a recurring payment. Just a one time payment of $10. That's how much I'm short on my storage unit payment.

Are there any online mini jobs that you know of? I don't care if I have to do more than one small job for $2-$3 each.
Added (1). Or even a company that provides loans. I'll definitely be able to pay it back.
Added (2). @anomite That is not an easy way to make $10 online. Thanks for nothing.

By the way, I've been planning my finances spectacularly. This money shortage is actually not my fault; I had to pay my mom's mortgage because she was about to lose her house.

Read more: Quick way to make $10 online? I need it ASAP?

When a stock has a strong buy signal, that means BUY it?

or does it mean "buy it before it's too late?"

Because I swear if I buy when there's a buy signal and sell when there's a sell signal, I find that I end up buying high and selling low

Read more: When a stock has a strong buy signal, that means BUY it?

Where can I find out how many mortgages a bank approved and how many they actually closed?

Where can I find out how many mortgages a bank approved and how many they actually closed? - 1

Read more: Where can I find out how many mortgages a bank approved and how many they actually closed?

How to legally pay for a mortgage on house I don't own?

Here is the situation. I live in Phoenix Arizona and lived with my mother while in college. After college I started to work from home on small business and it is going well. My mother is moving out to live with her boyfriend and I am staying in the house. I will be paying her the mortgage and I will be paying all the associated bills. Her name is on the mortgage, as no bank will give me loan yet to put it in my name.

I would like to claim the mortgage I am paying as tax deduction for next year, but since I do not own the house I do not believe that I can state on taxes that I do and deduct the mortgage from it, as my name is not on it. I am technically renting. If we make a formal renting agreement I can then claim the rent (mortgage) on taxes, but then she will have to claim it as income on hers, so the tax is transferred from me to her; no win there.

Is there a way for me to pay the mortgage where she does not have to claim it as income and where I can deducted it from my taxes, legally? Refinancing and putting my name on mortgage is not an option at this time.

Thanks

Read more: How to legally pay for a mortgage on house I don't own?

Paying mortgage loan insurance in canada? - 1

does this have to paid be for life as till ive paid up to 20 percent of the downpayment or the entire mortgage? How much cheaper would it be to just pay the 20 percent downpayment as comapred to paying 5 percent and then paying this over the yrs?

Read more: Paying mortgage loan insurance in canada? - 1

Would you ever throw in the towel on an addict?

Friend has kids, but has been an addict since middle school. We are all in our 30s now, and she has been in and out of trouble with the law 1/2 her life. The rest of our friends have been educated/employed, but this one friend can't seem to propel forward to a good life. We have all taken turns trying to help her, but whatever we help her w/ does not motivate her, it's simple a "fish for a day", and not teaching her to fish.

I have suggested to a couple of friend to simply start praying and abandon her as it is coming to a point where it seems like there isn't much hope for a turnaround left, but she has young children, and one always feels bad when kids are involved. What's sad is that she never mentions education/goals - all she worries about is how to beat a drug test, or figure out what to say before a judge at her next court date - while the rest of our friends are worrying about mortgages, maintaining marriages, keeping children fed and developing their talents.

How much should one sacrifice? What is the Christian thing to do?

Note that I am not one that has been blind to turn around. I have known people that have committed crimes, did their time, and have come to rehabilitate, have goals, and have tried to stitch together a life that has some meaning and redemption. This is not this particular friend. Her eyes are empty, her soul is tired… But if you try to help her, she'll ask you to an unethical thing… And that's 'not cool'…

Read more: Would you ever throw in the towel on an addict?

Highest paying professions in USA?

Highest paying professions in USA?

Read more: Highest paying professions in USA?

Aside from the world wars, was there anything worse for America than Roosevelt's New Deal?

Aside from the world wars, was there anything worse for America than Roosevelt's New Deal? - 1
Added (1). Was worse than Johnson's war on poverty? Or the Democrat induced Sub Prime Mortgage derivative debacle?
Added (2). Let's stipulate the events within the last 100 years. The Civil War was perhaps the worst ever.
Added (3). Roosevelt prolonged the great depression 8 years with his dismal economic policies.

Read more: Aside from the world wars, was there anything worse for America than Roosevelt's New Deal?

Hello internet, I am typing this at a public library. I am homeless and don't know what to do?

I became homeless when I lost my job and couldnt keep up on the mortgage. I been trying to look for a new job but it became incredibly hard after losing my car. Then my wife me and took the kids to live with her mom without me. I have no extended family. I am really at the end of the rope here. Please take pity on me this is probably the last place anyone should ask this type of question.

Read more: Hello internet, I am typing this at a public library. I am homeless and don't know what to do?

Can I deduct rental property mortgage interest from taxes?

I live in a rental house myself. I own a house but I rented it out since I dont live in the same city that I own the house. I am about to buy another multi unit investment property.

Can I deduct this investment property's interest from taxes?

Read more: Can I deduct rental property mortgage interest from taxes?

Mortgage under writer requesting Impossible Document from my Company HR?

Right now I'm currently buying a house and my file went to under writing 4 weeks ago. Over the past 4 weeks, I have called the under writer only to get her machine and no phone call for 4 weeks. 5 days before closing she emails me requesting 9 Documents! I sent them all to her the same day.

I go to closing Tuesday morning at 9am. The Under Writer calls me this last friday Feb 20th, and requests that I get a letter from my Human Resources department at work, with a letter head, including my name. Stating that I will continue to get overtime and bonuses ( Which are given out when you have good stats ) every month that I'm a employee.

I called my HR and got someone there who was working after hours, they laughed and said they could never produce such a document for legal reasons. The under writer Acknowledges the Bonuses and overtime on every paycheck for the last 12 months, which I provided to them. HR is telling me NO…

What Can I do in this situation? The Under Writer says this is a critical document. I've already paid down the $1000 earnest, and paid for the Inspection and appraisal, notified my rent company that I will be moving out… Why would she do this to me last minute? Even my real estate agent said that its a bogus request. What do I do?

Read more: Mortgage under writer requesting Impossible Document from my Company HR?

Did you have earned income of more than half your support?

Okay so I know I just already asked a tax question and discovered that my parents can't claim me in my last question, but I am in the process of doing my taxes and it asked if I had at least one parent living in 2013 and I said yes, and then it asked "Did you have earned income of more than half your support"

Well I live with my parents and I do not contribute to the mortgage or utilities…
However I pay my own phone bill, medical bills when there is some, clothes, and I pay for my own food.
I was a part time student in 2013 (not fulltime) and paid for a semester myself the other semester I had loans and grants.

I know there is a worksheet I can do to figure this out. But lets say my parents did provide more than 50% because they probably most likely did since I do not pay for housing or anything, is that going to make me dependent and make it so they have to claim me?
Cause I am 22, made 14,000 last year and was not a full time student.
And the question I previously asked on here a couple days ago concluded that my parents cannot claim me.

But just by the information I provided by saying I live in my parents house without paying rent would it be safe to say they provide more than 50% or is it a close call where I should do that worksheet.

Can I still claim myself if I answer "No" to "Did you have earned income of more than half your support?"

Andddd maybe I am not understanding entirely what the question is asking… :/

Read more: Did you have earned income of more than half your support?

Will I get in trouble if my husband doesn't claim all of his income?

My husband gets other income besides from his job, it's not illegal but he has gotten money from renting out his old house that's in his name alone. But since I have to file with him (I'm not working) will I get in trouble as well? Or is there any real trouble for this besides possibly getting audited?

Read more: Will I get in trouble if my husband doesn't claim all of his income?

I know what God is calling me for, but I don't want to do it. I've been running from it for years?

I believe that god wants me to start up a homeless shelter in LA. That's not something I'd ever even consider doing. I don't even LIVE in LA! Id have to go to seminary first and take counseling classes. Preferably AoG.
The future of Christianity is in the global south, westerners have by in large abandoned religion. If I were to be a pastor Id' have to work with the poor and marginalized, 24/7. I could never have a normal life: no wife, no kids, no mortgage. Id have to be completely dedicated to my mission, my calling. Because Id never make enough money to support a family.
I've seen how shelters run, briefly. I went to one in Chicago on a mission trip when I was 16 with our youth group. I was so stunned by how everyday they were doing the lords work there. It was so moving! I knew that that's what I wanted to do.
I don't view parish pastorship as my vocation, I don't relish a career of telling mean-spirited or self righteous high school youth groups to be abstinent. Besides that I'm terrible with names! I COULD do it, of course. But I view a life of asceticism, and mission to the poor as my vocation.
Thing is, I Really don't want to do this. That's why I've been on the fence about God and seminary my whole college career. Because, if I was a reverent believer, then I'd see this as the only path opened to me. I'd be pigeon holed into it.
Thoughts?
Added (1). I view asceticism as a more spiritual path… IDK
Added (2). Sorry, I don't think I was clear on this instance. I want to do it, because I believe that is what my path is. But I'm slightly frightened by it, and my initial reaction is RUN AWAY! Its a bit like asking out a girl, your scared at first, but afterwards you're really glad that your did.

Read more: I know what God is calling me for, but I don't want to do it. I've been running from it for years?

Low income construction loans?

I live in grand count of utah. Myself and my wife are still young but we have a.25 acre lot of land we are looking to build a home but because my wife is unable to work it limits our income. I have heard of options like USDA Self help build programs but that is moving to a different lot from what we have and we would prefer to use the land that we already have. I am looking for any and all options regarding loans that will allow us to build our own home on the lot of land but keeping monthly costs low for our mortgage. Because of my limited income. I only make $12.50 Per hour and work full time.

Read more: Low income construction loans?

Is it possible to refinance a mortgage without getting a re-appraisal?

Looking at possibly refinancing into a 15 year fixed. But I don't want to go through the hassle and what I feel is an unnecessary intrusion of my house for a re-appraisal. Last refinance / appraisal was 2013 - at that time appraised for 715K. Value now is certainly higher due to rising market. Looking to refinance about 450K into a 15y fixed. Not a FHA / VA situation. Who decides on whether or not a re-appraisal is required? Is it lender or Fannie / Freddie? Would any lenders possibly be willing to waive re-appraisal for this sort of loan?

Read more: Is it possible to refinance a mortgage without getting a re-appraisal?

Can I take another mortgage to buy a condo while I have a current mortgage on a rental?

Can I take another mortgage to buy a condo while I have a current mortgage on a rental?

Read more: Can I take another mortgage to buy a condo while I have a current mortgage on a rental?

Is $20,000 a year good for one person and 2 cats?

No rent or mortgage either
No credit card
27 mpg car
Never travels
Utilities: Electric, Internet

Read more: Is $20,000 a year good for one person and 2 cats?

How to talk my family into moving?

I live right outside a resort town in Maryland so basically I live in the resort since it's all the same county. I live with my grandparents, and I hate our house. I've lived here since I was 2 but as I get older I start to hate my house even more. Our house is 4 bedrooms with 3.5 bathrooms and a 2 car garage. But I hate that my house is side ways. Our front door faces our neighbors and I hate that our driveway is stone. But I also hate the whole layout of the house. I know my grandma would like to have a different house, preferably one with a bedroom on the main floor for my grandpa. But I don't know how to bring up the topic of moving. I'm pretty sure that mortgage for our house is around $1200 a month so I know we could have good options.
Added (1). I absolutely hate my house and hate having people over.

Read more: How to talk my family into moving?

Discrepancy between billed property tax and paid by mortgage how to report on taxes?

Discrepancy between billed property tax and paid by mortgage how to report on taxes?
Added (1). My town says one amount was billed, my mortgage company says they paid 300 less…

which do I deduct on my taxes? I am guessing it is the difference between the month billed and the month paid. For example it is 2014, but not due to Feb 1 2015
Added (2). the thing is I would have paid the higher amount to the mortgage company during the tax year, they just make a payment in the next year… So i go by what the mortgage company paid, not what I paid… I've always used the tax record they formulate… I just happened to notice the discrepancy this time…

Read more: Discrepancy between billed property tax and paid by mortgage how to report on taxes?

Can you get a mortgage without a deposit? Could you add the deposit into the amount you borrow?

Can you get a mortgage without a deposit? Could you add the deposit into the amount you borrow?

Read more: Can you get a mortgage without a deposit? Could you add the deposit into the amount you borrow?

Mortgages: better credit vs Good down payment?

Me and my husband are 22 and we have saved up about 12k because we want to buy a house. The problem is that we are about 7k in credit card debt because we struggled our first year of marriage. Now we both have good jobs and are paying the cards monthly and saving up for a down payment but honestly I want to pay off my credit cards and start saving up from scratch. I don't know if that is a good idea as we want to get a house very soon (in the next 3-4 years). We save about 500-1000k monthly for the down payment.

Read more: Mortgages: better credit vs Good down payment?

What s more important for a mortgage a down payment or good credit?

What s more important for a mortgage a down payment or good credit?

Read more: What s more important for a mortgage a down payment or good credit?

If I paid interest on a personal loan, do I need to report it on taxes?

The full story is I took a loan from a local credit union, and during the year I had paid $551 in interest, which I actually turned around and used the proceeds on a TV for my son. Do I need to report this?

Read more: If I paid interest on a personal loan, do I need to report it on taxes?

What does the following mean on a deed transfer?

"Title is conveyed subject to the life estate of Jack White as reserved in the aforesaid Deeds"

The home was owned by a 67 year old woman who died. Her husband is still living (he was not on the deed). The home was willed to the daughter.

This is in NJ.

The woman (and maybe the husband) had $20,000 in credit card debt plus major medical bills. The husband was in a nursing home-likely at medicaid expense for a couple months, but was supposed to be moving to the daughter's home.

Doesn't the estate have to pay off the bills before the daughter can inherit it?

There was no life insurance or savings. The daughter is low income and otherwise in debt so she could not pay off the debt… Or get a loan to pay it off.
Added (1). it was sold for $1
Added (2). 'Jack White' does refer to her father (the husband)… Husband can't afford to stay there. They were barely scrapping by with both their social security and the wife's part time work. The husband is severely disabled and can't work at all. He is bed ridden. Once the father passes, wouldn't the estate have to pay off the debt including credit cards and medical bills? I am suspecting foreclosure proceedings will start within a year.
Added (3). It is a condo where they do foreclose if they don't pay the fees… And the property tax is 425/month. The only way they have to pay it would be if the father owned the home and got a reverse mortgage. Can't it be sold with the father's permission… Or sold to him for $1 and then he sells it for market value? Will this ruin the daughter's credit when it goes into foreclosure. I am trying to let them know what their options are.

Read more: What does the following mean on a deed transfer?

Discuss the role of securitization in causing the 2007/8 global financial crisis?

The main point here is that securitisation was not the trigger for the crisis but contributed to the crisis in a number of ways:

i. Allowed banks to generate funding to expand their balance sheets â€Â" allowing them to expand their balance sheets more quickly than would otherwise be the case.
ii. Allowed the growth of shadow banking entities (SPVs for CDO’s â€Â" these were unregulated).
iii. Magnified the amount of debt that was linked to sub-prime mortgages that were vulnerable to default. Thus when default occurred the consequences of default were magnified.
iv. Spread the problem to banks that had no original exposure to sub- prime debt.

Can please help me elaborate these points?

Read more: Discuss the role of securitization in causing the 2007/8 global financial crisis?

How much can 1 negative item reduce your credit score?

I have a medical bill of $2200.00 that just got reported on my credit and I was alerted that it will decrease my credit score.

How much will it possibly get lowered to?
Added (1). What I meant to say is, how many points can I lose for this recently reported item? Like what's the worse case; 10 points, 20 points or a lot more? Thanks.

Read more: How much can 1 negative item reduce your credit score?

My landlord wants to show my rental while I'm still in it?

My landlord said she wants to show my place off on Sunday.
I'm looking at my lease and it says,

"… May enter the premises in the following circumstances:
At any time for the protection or preservation of the premises.
After reasonable notice to tenant at reasonable times for the purpose of repairing the premises.
To inspect the premises; make necessary or agreed upon repairs, decorations, alterations, or improvements, supply agreed services, or exhibit to prospective or actual purchasers, mortgages, tenants, workers, or contracters under any of the following circumstances:
With tenants consent; in case of emergency; when tenant unreasonably withholds consent; or if the tenant is absent from the premises for a period of at least one half a rental installment period (if the rent is current and tenant notifies landlord of an intended absence, then landlord may enter only with tenants consent or for protection or preservation of the premises.)"

To me that sounds like see can't show out without my permission and I feel uncomfortable around her, with my lease saying what it says do I have to let her in?

Read more: My landlord wants to show my rental while I'm still in it?

What is the amount of loan I would qualify for?

What is the amount of loan I would qualify for?
Added (1). age 30
single, have college degree, working full time making 60K a year, can pay 2500 dollars monthly for 30 year, can make a down payment of 5%, have excellent credit. How much of a house can I afford.
I live in los Angeles
Added (2). For FHA loans in California
I am thinking 300 to 400K,. Maybe?

Read more: What is the amount of loan I would qualify for?

What should I do next after I was denied by my lender over documents?

First time home buyer I went through the home inspection, terminate,escrow and the option fee, but I didn't do the appraisal because of her, but my experience with my lender wasn't on the same page she always miss understood what I be telling her what's going on but the reason of denial is I gave her my tax form that I made a small error on and she told me she can't take that cause they verify every document I sent to them so she have to denial and find another mortgage but this time am going to my credit union. What should I do? What's going to happen next? Advice

Read more: What should I do next after I was denied by my lender over documents?

Do I have to travel to Morocco to open a bank the account?

Can I open a bank account in Morocco without being physically there? I live in the US and I want to purchase have an apartment in Tangier. What's the process for getting a loan mortgage? Do I have to have a bank account to obtain the loan? Also do I have to travel to Morocco to open the account? Can I get loan from a bank in rabat Morocco while purchasing property in Tangier Morocco? Any other tips about getting a mortgage in Morocco? Thanks

Read more: Do I have to travel to Morocco to open a bank the account?

Can my husband purchase a house in his name only since my credit score so low?

The delima is:

His FICO score is high (720), but his income is low ($25,000)

My FICO score is low (610), by my income is higher than his ($70,000).

So how can this scenario likely be worked out when trying to purchase a home?
Added (1). I understand both of our income is needed, so do you think it's possible for a lender to deal with us with the above scenario?

Read more: Can my husband purchase a house in his name only since my credit score so low?

Lease on mortgage states 60 years on Land Transaction Return form, but was promised 125 years?!

Regarding a purchase of a flat. On the Land Transaction Return form in the section about new leases it states the start date is 1976 and end date is 2075, but I was promised 125 year lease! I was told there are two leases running together- one from the freeholder and one from management company for the new flat contract. And that the 125 year one was with management company. Should I be worried if on this form it states the new lease's end date is 2075. Or is that the one from the freeholder? Completing tomorrow so worried!

Read more: Lease on mortgage states 60 years on Land Transaction Return form, but was promised 125 years?!

Does ssi go by how much youre paying rent to determine how much you will receive each month?

Does ssi go by how much youre paying rent to determine how much you will receive each month?

Read more: Does ssi go by how much youre paying rent to determine how much you will receive each month?

No 1099-C for short sale of home issued by bank. How to input information?

I did a short sale in IL in 2014. Wells Fargo did not issue a 1099-C. I know that the loss would have been forgiven because I qualify for the Mortgage Forgiveness. Also the bank issued a statement at closing that they would not be pursuing me for the forgiven balance. Can I file my taxes without entering any of the 1099-C information since it won't have any effect on my income? Also, where on the closing papers would I find the information that would correspond to that of the 10---C if it had been issued?

Read more: No 1099-C for short sale of home issued by bank. How to input information?

What are our chances of being able to purchase a home with our credit scores?

My husband's FICO score is 700 and my score is 610. We must use both of our incomes since I make more than he does.

We're both tired of renting and want to purchase our own home. What are our chances? Thanks.

Read more: What are our chances of being able to purchase a home with our credit scores?

Does the 8th house predict death really?

Cause if it does this is some bullshit… Imma die young now. And hardcore bloody spontaniously too since aries is in my 8th house. Let me just name a few Aries in 8th that died fast and hardcore:

Paul Walker - died young, car crash
Francoise Dorleac - died young from car crash
Kurt Cobain - died young, gun shot to the head
John f Kennedy - died young, Gun shot to the head
Patrick Swayze - died young and fast from ball cancer
Steve Jobs - died young and fast from cancer
Walt disney - oldest so far, died from spontaneous lung collapse
Richard nixon - another old one but died of random stroke
Andre the giant - died young from (the most peaceful so far) heart failure in his sleep

Im scared af now, i dont think ill leave my house or drive anymore ever, my head hurts now i think im about to have a spontaneous Aneurysm… Fml:)

Read more: Does the 8th house predict death really?

Will my student loan payments go down now that I have a mortgage?

They seem to change depending on how much money I made the previous month… Wondering if they will be affected by a mortgage?

Read more: Will my student loan payments go down now that I have a mortgage?

Buying my first house or rent apartment at 21 years old?

So I just turned 21 and have been living at home. I m getting to the point where I m ready to get my own place and have some money saved up but not sure if I should rent an apartment or buy a house. I m a single guy that was fortunate enough to start my career at a young age making between 120k-150k a year. Would buying a house before marriage be a good or bad idea?

Read more: Buying my first house or rent apartment at 21 years old?

Near the end of paying off a 30-year mortgage loan,?

Near the end of paying off a 30-year mortgage loan,?
Added (1). a. Equal amounts go to principal and interest.
b. Most of the loan payment goes to the principal.
c. Most of the loan payment goes to interest.

Read more: Near the end of paying off a 30-year mortgage loan,?

Who are the best banks to get a first time buyers mortgage with?

Who are the best banks to get a first time buyers mortgage with? - 1

Read more: Who are the best banks to get a first time buyers mortgage with?

Purchasing a home/ underwriting. Is this accurate?

Hello. My husband and I are currently trying to purchase a home in Dothan, Al through Interlinc Mortgage. We started the process in Jan. 27, 2016. My husband has a full time job and part time job and we instantly provided them with the pay stubs and bank statements. Everything was going smoothly then they wanted proof of all the money we had given them or money that was on our accounts as cash deposits. Which was Christmas and birthday money. We are now in underwriting and have been for almost 3 weeks. Our closing date is next Thursday. They have yet to do the appraisal or take the down payment of $4,000. We have signed paperwork on the house. They say that what's holding us up is the gap in between my husband's school and his working a year and a half ago, but we were in California at the time where jobs were highly scarce and we were living with my parents. We have had jobs the last year and a half when we moved here. They aren't the same jobs because his were through a job agency. But he is now employed with a vet clinic full time for 3 months. We are wondering if the past will prevent us from closing on our house or if there is another route we can take. My mortgage person will not get back to me and when she does she is very short with us, never calls back and ignores our calls, emails, and texts. This is making us very worried and uneasy. Does anyone know if this is what it's like through all places? First time home buyers.

Read more: Purchasing a home/ underwriting. Is this accurate?

How much should I ask my live-in relatives to pay us?

We live in a big house (6 bedrooms), and we currently have our relatives (a family with 3 young kids) living with us until they find their own place, probably for a few more months. Our mortgage is $1,950 a month and our utilities are usually around $200 a month. What would be a fair amount (to everybody) to ask our relatives to pay us each month?
Added (1). To clarify: no, the relatives are not dead-beats. Yes, they are adults and have decent jobs, decent income, and savings. No, we would not be hurting them financially if we take money from them. No, we are not "close" to them and just took them in to help them to "start over" (after a move from a diffent country).

Read more: How much should I ask my live-in relatives to pay us?

How much should I rent my property out for?

Value: $500K
Location: Portland, Oregon

5 Bedrooms, Double Garage.

Single Family-Home, Detached, Large Garden.

Read more: How much should I rent my property out for?

Unemployed man can't close on a home purchased 2 years ago from a developer. What are his options? - 1

Hello,
My friend purchased a pre-sale (pre-construction) home in Canada 2 years ago. He bought it from a reputable developer who will finally complete the project in a few months (took a long time as it is a new neighborhood with hundreds of new homes like the one he bought).
He does not have the same job he had when he got his pre-approval from the bank at the time of signing the deal. In other words, he is not sure if he can qualify for a mortgage.

A few additional facts:

- The mortgage pre-approval he originally received expired after 1-2 years.
- He paid about $50,000 deposit so will only need another $25 in order to close which he has. Well, IF a bank approves his mortgage.
My questions are:

1. Is there usually a lot of flexibility by the bank in a case like that (perhaps legally by law there has to be?) meaning even if he lost his job, since he put a large deposit and did get a pre-aproval (and still has excellent credit history), same bank will probably give him a mortgage?

2. Can a buyer like my friend usually assign the deal to another purchaser, and there is flexibility in terms of time and option to sell so he does not lose his deposit and upside? In other words, are developers usually ok with that when an original purchaser who paid a deposit can no longer get a mortgage?
THANKS

Read more: Unemployed man can't close on a home purchased 2 years ago from a developer. What are his options? - 1

How to afford to buy a house with bad credit, not qualifying for any programs, and not having a down payment?

See, it make me sick to think that people my age or younger have been in a mortgage for a few years now! They're paying about $250-350 a month. So, yeah, it's everyone's dream to buy a house hopefully, but why is out housing market so GD hard to get into?

So I currently pay $650 in rent because that's honestly the cheapest in my area, that keeps you from getting a bullet in your chest or crack whores on your doorstep. I make about $25K a year. (trust me I'm trying to make more!). I have a kid on the way… Bills from when I was a stupid teen… How the heck am I ever going to be able to afford a home!

Any help would be appreciated, except for raise you credit honey, yada yada ya. Please stop shining a light in my hole and grab a damn ladder already!

Read more: How to afford to buy a house with bad credit, not qualifying for any programs, and not having a down payment?

Can i become my own payee without social security trying to take the money completely?

So in a nutshell I ve been on ssi since before i was 18 because of my disablity. My mom is my lost her job so i figured it was only fair to give her the full check to pay mortgage. For a year in a half i was running around hungry, my hair looking like raggedy anne, rotating the same two paints until one finally ripped, wearing slippers because my shoes tore, walking everywhere because my car broke down and i can t fix it because i have no money. I started to notice around the same time my mom was buying new and expensive weaves, new clothes every weekend, sending money to her husband in jail, paying for her car to get fixed… She was doing all of this with MY money instead of giving the money she had left from the mortgage she spent it on her self… So i decided that i was going to cash it my self and just hand her the money she needs to pay the mortgage but when i went there they said i couldnt cash it because i wasnt the payee… I was wondering if i went to the social security place and tell them i am fully capable of handling my own check and explain whats been going on will they try and take my check completely or will they try and fine my mom? I dont want any of that to happen i just don t want her to be able to cash my check and use it for her needs when the check is to take care of me. I dont mind her using a little something for her but using most of it and not giving me any? Like thats not okay.

Read more: Can i become my own payee without social security trying to take the money completely?

Should I rent a home before I buy one?

I've never lived alone in a big house so I'm thinking I should maybe live in one for a year by renting one and after that buy a home? I just don't want to buy one and end up hating it and stuck with a mortgage or trying to sell it.

Read more: Should I rent a home before I buy one?

Will I still be the owner of the house in this situation?

My partner and I are looking to buy a home (in Florida), and he has good credit and I have a low credit (which I'm currently working on fixing). To get a loan, we would not be able to use both of our names due to my credit score, only his name. I've spoken to the person helping us with the loan, as well as with the realtor, about wanting both of our names on the property and they have both told me that my name would not be on the mortgage loan, but it could be put on the title. But I don't fully understand this. What is the difference between being on the mortgage and being on the title of the property? Who would be the true owner of the home? If we were to ever separate, would I have any rights to the home? Not that we're planning in separating, you just never know what can happen so I would rather be on the safe side. When we made an offer on a home a few days ago, only my partner we asked to sign the papers. Does this mean he would be the actual owner of the home?

Read more: Will I still be the owner of the house in this situation?

Paying mortgage loan insurance in canada?

so im told here in canada if you pay a downpayment for a house that is less than 20 percent you have to pay mortgage loan insurance. I tried their calculator. I entered purchase price as 300.000, downpayment as 50,000, and amortization at 25 yrs. It gave me a premium amount of 4500 and a premium rate of 1.80 percent. Im confused. Is this a one time payment of 4500 i have to make and be over with it or is it something i have to make yearly. What is the premium rate supposed to be about?

Read more: Paying mortgage loan insurance in canada?

Can i cancel my mortgage insurance once i have paid down a certain percentage of my mortgage?

Can i cancel my mortgage insurance once i have paid down a certain percentage of my mortgage? - 1

Read more: Can i cancel my mortgage insurance once i have paid down a certain percentage of my mortgage?

What percentage of mortgage paid off can you drop pmi?

What percentage of mortgage paid off can you drop pmi? - 1

Read more: What percentage of mortgage paid off can you drop pmi?

Will mortgage holder accept monthly payments to lower balance of reverse mortgage?

Will mortgage holder accept monthly payments to lower balance of reverse mortgage?

Read more: Will mortgage holder accept monthly payments to lower balance of reverse mortgage?

How to reduc e reverse mortgage balance?

How to reduc e reverse mortgage balance?

Read more: How to reduc e reverse mortgage balance?

How high do your credit score have to be in order to buy a nice house?

How high do your credit score have to be in order to buy a nice house?
Added (1). I work for the government earning over $70,000 a year, but my credit score is only 620. What kind of score do I need to buy a 120,000 home?

Read more: How high do your credit score have to be in order to buy a nice house?

What the difference between a variable and fixed mortgage?

What the difference between a variable and fixed mortgage?

Read more: What the difference between a variable and fixed mortgage?

What is the difference between a mortgage term and a mortgage amortization period?

For example, a mortgage could have a term of 5 years and an amortization period of 25 years. What part of the mortgage is called the principal amount? What does all this even mean?

Read more: What is the difference between a mortgage term and a mortgage amortization period?

What all can I pay off with a mortgage loan when buying a first time fixer upper home?

What all can I pay off with a mortgage loan when buying a first time fixer upper home?
Added (1). Thanks.

Read more: What all can I pay off with a mortgage loan when buying a first time fixer upper home?

Can I pay off my closing costs, taxes, fees, and any other expenses with a mortgage loan?

Can I pay off my closing costs, taxes, fees, and any other expenses with a mortgage loan?
Added (1). Thanks.

Read more: Can I pay off my closing costs, taxes, fees, and any other expenses with a mortgage loan?

How much money can I afford for a house?

Okay, so I make around 114k-135k a year(before taxes). I want to take out a loan with the FHA, for a house worth $399,900. Do I make enough income to afford this house? I'm not sure.

Read more: How much money can I afford for a house?

Can part of rental home sale profit be used towards a primary residence purchase without being taxed?

Joe is moving to another state. Joe has two houses, a rental and a primary. Each have good equity. When he moves, he wants to purchase another rental and primary house. If he sells the rental house he understands he has 45 days to reinvest his profit it into a another rental home (1031 Exchange). Without reinvesting the profit, Joe understands he will be taxed on the difference between how much he makes on the sale, minus the outstanding mortgage balance (true profit).

If Joe sells the rental house for $30 and profits $19 (his mortgage balance is $11), can he use $10 of that profit on the purchase of a new rental house, and the other $9 of the profit for his primary house…without being taxed on the $9? He would like to use $9 of the rental house profit towards the down payment on the primary house without being taxed.

Is this possible? Or does the entire $19 profit need to be put towards the rental house purchase to avoid being taxed on it?

Read more: Can part of rental home sale profit be used towards a primary residence purchase without being taxed?

Was mortgage ins deduction renewed for 2015?

Was mortgage ins deduction renewed for 2015?

Read more: Was mortgage ins deduction renewed for 2015?

Should we sell our home and buy larger, or stay and remodel?

My family and I have outgrown our 2 bed 1 bath 1970 home. We purchased the place in 2004 for about $100k. Unfortunately, the bad economy dropped the value of our home tremendously years following. As of today it is now again worth the purchase price we paid, and our mortgage is about $80k. The home is in need of some improvements soon such as windows, roof, a/c duct work etc. We would also want to build another bedroom and bathroom. Thoughts on cost to upgrade versus selling and buying another home appreciated. Also, any advice on how to proceed financially-home equity, second mortgage, new construction loan?

Read more: Should we sell our home and buy larger, or stay and remodel?

Would you get a hard money loan on a SFR for 125k if it is value for 165k?

Would you get a hard money loan on a SFR for 125k if it is value for 165k?

Read more: Would you get a hard money loan on a SFR for 125k if it is value for 165k?

Is 13,000 in credit card debt too much?

I don t have mortgage loans and my student loan is not over $5000. My rent is $950, wife and two kids. What is your take on this situation. I have four different cards. Some are low interest cards which I have done zero interest transfers 12 months promos on.

Read more: Is 13,000 in credit card debt too much?

Who to ask for NYC Co-op real estate tax quesions?

I am currently a co-shareholder in a New York City Co-op, but am unsure where or who I can ask real estate tax questions.
The apartment has no mortgage.
I just received a letter from the management company stating how much can be deducted off my taxes for 2013.
Two figures were listed, (1) Mortgage Interest with a $ per share and (2) Real Estate taxes with a $ per share.
The letter states that I can use each rate based on the amount of shares that I have for a tax deduction. Also, attached to the letter was a form 1098 (Mortgage Interest Statement) showing $500 being listed as mortgage interest that I presume might have been used from my maintenance payments to pay for the co-op's building mortgage.

Am I only able to deduct the real estate tax per share since I have no mortgage and do I split the total in half on my taxes since i am co-shareholder?
Lastly, the apartment was registered in 2013 for the New York State School Tax Relief Program (STAR) under their basic tax exemption. Does that have any implications when filing my taxes, meaning do I have to specify it anywhere?

Read more: Who to ask for NYC Co-op real estate tax quesions?

Why do we owe money if me and my wife have both filed 0 exemptions on our W-4 for the last year?

Me and my wife have always gotten returns in the past. But this year has been different and we have no idea why. Last year I had filed 1 on my W-4 and our return was small at the end of the year. We wanted a bigger refund, so going forward through 2015, I changed it to 0. Now this year, we owe the IRS quite a bit of money and I am confused as to why. We have no children, no mortgage, no house, no loans, no debt whatsoever. I do know we earned more money this year than in the past, but I thought that if you claimed 0 exemptions on the W-4, they would be taking more than enough out of each paycheck. I can't understand why we would owe them money. Anyone have any ideas?

Read more: Why do we owe money if me and my wife have both filed 0 exemptions on our W-4 for the last year?

What days do I owe late fees for?

wondering about ate fees? I have a land contract (not really a factor) I agreed to pay mortgage the day b4 the 1st and a late fee will be applied per day every day its late. So question is mortgage was due Nov, 30 I paid DEC, 2 what days do I owe late fees for?

Read more: What days do I owe late fees for?

Is this a viable way to reduce capital gains tax?

I own a home without a mortgage, paid a modest price for it but it's paid for now. I've owned it for the life of the mortgage, 15 year, but has been a rental since paying it off, for the past three years now. From what I read, capital gains tax depends on how long you've had the home and how much of a profit you make selling it (minus allowable losses by the IRS). So if I sell the home for close to what I paid for it, wouldn't I avoid paying a hefty capital gains tax?

Unless I really want to sell it for a much higher price than what I paid to try and make as much money out of it but doesn't make sense if I have to pay a lot of taxes on the profit, right?

Read more: Is this a viable way to reduce capital gains tax?

Annual FHA Notice Disclosure - Prepayment Amount MUCH Higher Than Loan Balance?

I received from my lender today an Annual FHA Disclosure. On it, it says "The amount listed below is the amount outstanding on the loan for repayment of the indebtedness due under your mortgage."

What does this mean? The amount listed is $45,000 more than the loan balance, so I can t imagine that it s a prepayment amount, especially since it specifically says that I can prepay my mortgage without penalty right below this line.

Read more: Annual FHA Notice Disclosure - Prepayment Amount MUCH Higher Than Loan Balance?

Mortgage originator vs Realtor?

I am currently a Realtor and I am thinking about changing to the mortgage field. Is this a bad idea or good idea. Who makes more and who has a higher avg income?

Read more: Mortgage originator vs Realtor?

Can i sue my boss for firing me because of this?

My father is currently renting an apartment that the owner of the company i work for (my boss) owns. My boss was not paying his mortgage AT All the whole year, while my father was in fact giving him his rent money every first day of the month. My father received a letter Friday as a last notice saying that he has to leave the appartment at 10:00 AM today 2/2/2016 because of my boss not paying the mortgage AT ALL. My father has never received this letter before while living there, just Friday.

What legal actions can i take if my boss decides to fire me because of what he did to my dad? Because he clearly knows after today if my dad gets kicked out of the apartment i will not work for for him anymore and will try to do something to bring him down for what he did to my dad. But i also want to know if he can actually fire me and i can sue him.

So is there any law in Massachusetts that will protect me if my boss fires me? And so can i sue my boss?

Thanks in advance.

Read more: Can i sue my boss for firing me because of this?

What happens if my balance stays negative on PayPal?

I sold digital goods on eBay and of course the pieces of sh*t decided to scam me with chargeback a after I sent them the codes I sold. Now my PayPal has a negative balance of over $200 and I don't want to pay it. I have a bank account linked to it and I can't remove it. Will they take their money back eventually and when or will it just stay negative forever.

Read more: What happens if my balance stays negative on PayPal?

If I file bankruptcy will this remove my name from a home loan?

Easy question right? Here is the details. I have a home loan with an ex girlfriend. Ex girlfriend is currently going through babkruptcy process. Title holder (mortgage company) inform me filing bankruptcy will only remove me as financially responsible but not take my name from the loan. Can anyone give me any additional insight of what I can do to be completely free of this mortgage? Thanks in advance.

Read more: If I file bankruptcy will this remove my name from a home loan?

How can people afford a mortgage today?

I have am a recent graduate from graduate school and am looking to buy my first house, as I believe it is better than renting. Yet a small, yet decent place, to live is impossible to find for under $300K! Is buying a house even an option in today's society, or am I going to be stuck living in my parents house forever?
Added (1). Yes, I am well aware of what a mortgage is. 20% of $300K is still $60,000. My parents are poor. There is no way they will help me buy a house.
Added (2). I should also add that my boyfriend (who will be out of the military in 6 months) will also be living with me and contributing to the mortgage, but he still needs to secure another job.
Added (3). In my area, you cannot buy a mobile home for under $200,000. Its so bad.

Read more: How can people afford a mortgage today?

Do I have to sign any documents when my spouse close on a house?

My spouse is buying a house and closing on it in a few weeks. We met with the lender and she mentioned it's required for me to sign some docs although my name is not going to be on any part of the loan. The lender said I'll have to show up at closing too to sign the doc, which basically states, " I know my spouse is buying a property and not doing it without my consent." This doesn't make sense to me! Have anyone heard of such a thing?

The lender is BMO and I'm not putting my name on anything!

Read more: Do I have to sign any documents when my spouse close on a house?

Am I wasting my time with mortgage pre-approval?

For the past year I have been dreaming of buying a home to stop renting, a $800 per month rent is killing me when I could be paying less per month and actually have it go towards home ownership.

Last night I think I jumped to gun by submitting a request for a pre-approval certificate. The woman called me today and told me to get my 2 most recent paystubs and tax assessments for the meeting… This made me realize I may be wasting her time.

While I made $30,000 last year (my first FULL year of full time work) I am not going to be filing my tax return for another month or so. My 2 prior tax assessments (from 2-3 years ago) are a mere fraction of my current income since I was in school.

I was hoping for a $75K home. I have a $4000 down payment and $2000 set aside for the additional closing costs… But I also have a $10K student loan.

I was thinking maybe of telling her I'm going to delay this another year so that my tax assessments actually show a full time income, but part of my wonders if I could actually be pre-approved.

Is it likely that I am just going to embarrass myself by wasting her time?

Read more: Am I wasting my time with mortgage pre-approval?

How to debug this pseudocode?

// This pseudocode segment is intended to compute and display
// the total monthly cost of home ownership for any number of
// homeowners. The total cost is equal to the sum of a
// homeowner’s monthly mortgage payment, utilities, and taxes.
// The program ends when a user enters 0 for the mortgage payment

start
Declarations
num mortgagePayment
num utilities
num taxes
num total
startUp()
while mortgagepayment not equal to 0
mainLoop()
endwhile
finishUp()
stop

startUp()
output "Enter your mortgage payment or 0 to quit"
output mortgagePayment
return

mainLoop()
output "Enter utilities"
input utilities
output "Enter taxes
input taxes
total = mortgagePayment * utilities * taxes
output "Total is ", total
output "Enter your mortgage payment or 0 to quit"
input mortgagePayment
return

finishUp()
output "End of program"
return

Read more: How to debug this pseudocode?

If a spouse dies and remaining spouse's name is not on house/mortgage, does widow automatically get house?

If a spouse dies and remaining spouse's name is not on house/mortgage, does widow automatically get house? - 1

Read more: If a spouse dies and remaining spouse's name is not on house/mortgage, does widow automatically get house?

When is a good time to buy a house?

When is a good time to buy a house? - 1

Read more: When is a good time to buy a house?

Prenup Situation, needs advice?

Alright, so the story begins when i meet this incredible women. We are great together. One day she told me that her mother wants her to get me to sign a prenup if we get the level of moving in together, Due to the fact that she inherited 75,000 from a relatives passing. A few months passes on, and she talks about putting 75,000 down on a mortgage for a condo for us. If i sign the prenup what happens with the house since she is putting 75,000 as a down payment. Is she just stating she wants the 75,000 back plus half of the house? What what do you think? Is that fair or not fair?

what are the advantages or disadvantages of a prenup.

Read more: Prenup Situation, needs advice?

Do you get any money back for taxes paid on your mortgage?

Do you get any money back for taxes paid on your mortgage? - 1

Read more: Do you get any money back for taxes paid on your mortgage?

Do you think people who pay child support, have the right to dictate how the money is spent?

My ex-husband and I have been divorced for over 3 years. He does pay child support, but he's extremely bitter about it. He thinks he has the right to dictate to me how the money should be spent. Every penny that he does pay goes toward our kids, I've never spent a dime of it on myself. I've already told him that as long as the kids are taken care of properly, it's NONE of his business how I spend the money. That just makes him mad. I've told him that I will no longer discuss this with him, and he needs to get over it.

Read more: Do you think people who pay child support, have the right to dictate how the money is spent?

What kind of FHA loan should I get?

What kind of FHA loan should I get?
Added (1). I would like to buy a house which stalled when renovations were almost completed. The house price is about the max of my fha pre approval.
If I get a fha K loan, will they provide the mortgage even when it is incomplete? ( some rooms only have base boards, no flooring).
I have the funds to finish the house if I can secure a fha loan.
Or, would they allow me to put the funds into an escrow and still give the fha even though the flooring is incomplete?

Read more: What kind of FHA loan should I get?

Is it smart for someone in their early 20's to get a home loan and rent out the house to pay for the mortgage?

I'm 21 and don't really know too much about home loans etc but I'm just wondering if this is a good idea?

Say I was to save enough for a home loan deposit then bought a home and rented it out in order to pay for the mortgage.

Any information and tips would be helpful. Just trying to gain some knowledge here

Read more: Is it smart for someone in their early 20's to get a home loan and rent out the house to pay for the mortgage?

Mortgage vs renting a house?

which one is more effective? I have heard people saying dont mortage just save money
Added (1). To me, I think its better to finance a house with whatever the interest is. I am renting a house now, and feel bad for paying alot of rent every month. I can somehow find the min 5% down payment and find a small house to finance.

from los angeles

Read more: Mortgage vs renting a house?