Can an elderly couple in their 70s get a mortgage?

Can an elderly couple in their 70s get a mortgage? - 1

Read more: Can an elderly couple in their 70s get a mortgage?

How much do I have to make per-hour in order to purchase a home in Southern California-Inland Empire

I am asking this because I see that most people who are paying for a mortgage make a good hourly wage.

Read more: How much do I have to make per-hour in order to purchase a home in Southern California-Inland Empire

The Title company underestimated my property tax at closing. Can I get money from them?

I closed on a house in Texas last July. At closing, they estimated the property tax for the year and then had the seller pay the prorated portion of the tax for the time they owned the house in that year.

At year end however, we discovered that they had underestimated the tax and we were short on our escrow by about $2000. The mortgage company made us pay the difference to "Catch up" our escrow.

The thing that makes me mad is that this means that the sellers underpaid the tax by over $1000 at closing. Whose fault is this, mortgage company, title company, or me? Is there any way I can recover the money from the title company? Are they liable?

Read more: The Title company underestimated my property tax at closing. Can I get money from them?

What does selling a home on contract mean?

I have found a house that is selling on contract. They have stated what the monthly payments would be and etc. Does this mean I still need to qualify for a mortgage? What are the pros and cons of buying under contract?

Thanks so much!

Read more: What does selling a home on contract mean?

What can I do about identity theft?

According to my credit report it shows that I got a mortgage loan and a auto lease. And even a school loan. Which are all not true. I think it's my ex husband doing this. How do I proceed?

Read more: What can I do about identity theft?

$2300 mortgage on 150k household income. Can I afford it?

Below is a list of my household monthly debts:

Kia Soul: $210
Honda: $190
Netflix: $12
Hulu: $11.99
Internet: $29.99
Phone: $29.99

We've paid off our student loan debt in its entirety, and we have no credit card debt.
Added (1). Our monthly net pay is around $4300.
Added (2). Sorry. I made a mistake. The list above is my MONTHLY EXPENSES. I have no monthly debt.
Added (3). Almost forgot:

Food: $300-350
Gas: $360
Clothes: Usually around $60-70
Entertainment: No more than $30
Added (4). EDIT: Our monthly net pay is around $8600. I confused my combined biweekly take home pay with my combined monthly take home pay.

Read more: $2300 mortgage on 150k household income. Can I afford it?

Can a mortgage company refuse to modify your current loan?

We have had our mortgage for about 2 years and we have recently fallen behind in payments. My husbands work has slowed down dramatically which has put us behind in payments. I called our mortgage company to see if there is a way to work out a payment arrangement on what we are behind on. The guy that i talked to was just straight forward and to the point. He said that there will be no payment extensions on the missed payments and no way in the world that we could have our loan modified. He said their bank refuses all modifications and refinances that not even an attorney can get get a modification. I asked him if he was aware of the make house affordable program and he just laughed at me and said that it was a joke to all the americans who believe in what the president was doing. I thought that banks were supposed to help you in a time of need.

Read more: Can a mortgage company refuse to modify your current loan?

If you support Trump's tax reform plan, can you explain what it is that you support?

What are the key features of the plan, and do you think they're good ideas?

What does Trump plant to do with:

The home mortgage deduction?
AMT?
Passive activity losses?
Capital gains?
Progressive rates?
Withholding on foreign payments?
Deferral of foreign income?

… Or any other controversial element of the tax laws?

Can you explain? Do you know?

Read more: If you support Trump's tax reform plan, can you explain what it is that you support?

Are ratings of debt (by Moody's, S&P, etc) more reliable now than they were in 2007/2008? BELOW?

1) . Generally speaking, are ratings of debt (by Moody's, S&P, etc) -- especially the various forms of mortgage debt, and "C"-and-lower grades of bonds -- more reliable now than they were in 2007/2008?

FOLLOW-UP QUESTION…

-- In the 6 or 12 months prior to a future recession, will a sizable segment of these debt ratings drop noticeably, as ratings agencies detect problems in creditworthiness?

-- Or will ratings remain mostly unchanged right up to the point where a debt-bubble bursts (in a few days or weeks) and announces the recession? In which case overly-generous ratings are only seen as flawed in hindsight?

Read more: Are ratings of debt (by Moody's, S&P, etc) more reliable now than they were in 2007/2008? BELOW?

I've taken out a reverse mortgage on my home. Will my lump sum payout be taxable?

I've taken out a reverse mortgage on my home. Will my lump sum payout be taxable?

Read more: I've taken out a reverse mortgage on my home. Will my lump sum payout be taxable?

I am planning to invest in home equity mortgage. Can anyone provide information about them?

I am planning to invest in home equity mortgage. Can anyone provide information about them?

Read more: I am planning to invest in home equity mortgage. Can anyone provide information about them?

I am thinking of refinancing my mortgage. Are there things I need to know before I do so?

I am thinking of refinancing my mortgage. Are there things I need to know before I do so? - 1

Read more: I am thinking of refinancing my mortgage. Are there things I need to know before I do so?

VERY CHALLENGING MATH PROBLEM, GUARANTEED 5 STARS! - 2

A person purchased a ​$140,566 home 10 years ago by paying 20 percent down and signing a​ 30-year mortgage at 8.7 percent compounded monthly. Interest rates have dropped and the owner wants to refinance the unpaid balance by signing a new 15-year mortgage at 4.8 percent compounded monthly. How much interest will refinancing​ save?

Money Saved? (Round to the nearest cent as​ needed.)

Read more: VERY CHALLENGING MATH PROBLEM, GUARANTEED 5 STARS! - 2

VERY CHALLENGING MATH PROBLEM, GUARANTEED 5 STARS! - 1

I have a math problem that needs to be solved, if you can give me the correct answer you WILL be guaranteed 5 stars. In fact, you do not even need to show work, just please help! Here is the problem:

A person purchased a ​$140,566 home 10 years ago by paying 20 percent down and signing a​ 30-year mortgage at 8.78 percent compounded monthly. Interest rates have dropped and the owner wants to refinance the unpaid balance by signing a new 15-year mortgage at 4.8 percent compounded monthly. How much interest will refinancing​ save?

Money Saved? (Round to the nearest cent as​ needed.)
Added (1). i'm so sorry it's 8.7 not 8.78.

Read more: VERY CHALLENGING MATH PROBLEM, GUARANTEED 5 STARS! - 1

Do mortgage companies not count work employment prior to age 18?

I started working in my profession at 14. There are some kids that do have enough income before age 18 to pay for a house.

A comment was made that it is IMPOSSIBLE for a 19 year old to have 2 years work history.

while rare, it is possible for someone 17 or under to make 30-50k/year… And have enough money to buy a house at 18-19.

Would the banks disregard the early income since this alleged professional in a related field said it is IMPOSSIBLE to have 2 years work at age 19?
Added (1). some people actually graduate high school at 16. I could have dropped out and easily got a GED if I wanted and gone to work full time.

Read more: Do mortgage companies not count work employment prior to age 18?

VERY CHALLENGING MATH PROBLEM, GUARANTEED 5 STARS!

I have a math problem that needs to be solved, if you can give me the correct answer you WILL be guaranteed 5 stars. In fact, you do not even need to show work, just please help! Here is the problem:

A person purchased a ​$140,566 home 10 years ago by paying 20 percent down and signing a​ 30-year mortgage at 8.78 percent compounded monthly. Interest rates have dropped and the owner wants to refinance the unpaid balance by signing a new 15-year mortgage at 4.8 percent compounded monthly. How much interest will refinancing​ save?

Money Saved? (Round to the nearest cent as​ needed.)

Read more: VERY CHALLENGING MATH PROBLEM, GUARANTEED 5 STARS!

Options when land contract is almost up and you do not qualify for a mortgage?

Options when land contract is almost up and you do not qualify for a mortgage?

Read more: Options when land contract is almost up and you do not qualify for a mortgage?

What happens when one is five months behind in their mortgage payments and start paying again?

What happens when one is five months behind in their mortgage payments and start paying again? - 1

Read more: What happens when one is five months behind in their mortgage payments and start paying again?

Can you ask the bank to factor in moving costs with a mortgage?

Is that possible?

Read more: Can you ask the bank to factor in moving costs with a mortgage?

Is it impossible to buy a house in cash if you work part time?

I have always dreamed of buying my own house in cash. I would save up and never touch the money. My parents were happy when I decided to go into the medical field, but after a few days, I was diagnosed with a debilitating illness. My parents said I can stay at home. I am looking for work at home jobs and I want something therapeutic. I stumbled on one where I am mentoring children who have a 3 percent chance of going to college and really need help in their life. It's part time and only pays 10 an hour. It is very rewarding it seems. Yet my dad said I will never reach my dream and I will be tied to a mortgage forever. Can someone please help?

Read more: Is it impossible to buy a house in cash if you work part time?

In the US, a close relative heir essentially assumes a mortgage as long as they pay, is it different for a 2nd mortgage?

under US law, mortgage companies must allow a close relative heir to continue with a mortgage on a house they inherit.
Added (1). According to the Garner-St Germain Depository Institution Regulation act of 1982 prohibits a lender from exercising any due-on-sales clause as long as the property is transferred by will to a surviving spouse, children or close relatives and they move into the house as their primary residence.

(details borrowed from another use, but they are correct)

Read more: In the US, a close relative heir essentially assumes a mortgage as long as they pay, is it different for a 2nd mortgage?

Has anyone out there obtained mortgage w/low credit score? Joint: 590 &715, income 70000. No debt except car. 2 civil judgments 4/5 yrs old

Has anyone out there obtained mortgage w/low credit score? Joint: 590 &715, income 70000. No debt except car. 2 civil judgments 4/5 yrs old - 1

Read more: Has anyone out there obtained mortgage w/low credit score? Joint: 590 &715, income 70000. No debt except car. 2 civil judgments 4/5 yrs old

With 'employed at will' contracts, how can you ever plan for the future and get a mortgage with no job security and employment stability?

If one can effectively be put out of a job at anytime for no valid reason, how can people take on any major financial commitments for the future?

Read more: With 'employed at will' contracts, how can you ever plan for the future and get a mortgage with no job security and employment stability?

Why would my mortgage company wait until learning of my husband' death to serve him with a court appearance and foreclosure papers

Why would my mortgage company wait until learning of my husband' death to serve him with a court appearance and foreclosure papers - 1
Added (1). They were notified last week of his death. Today they showed up with a summons to appear in court and foreclosure papers. They received paperwork last Friday of a modification, so why would they come after being notified of his death and learning of a modification already sent?
Added (2). I am not on the mortgage, by the way, only on the deed, although I am executor of the estate. The summons did not mention me.

Read more: Why would my mortgage company wait until learning of my husband' death to serve him with a court appearance and foreclosure papers

My mortgage payment is 236.00 monthly for 30 years.If I pay 2 each month how many years will it take to pay off

My mortgage payment is 236.00 monthly for 30 years. If I pay 2 each month how many years will it take to pay off - 1

Read more: My mortgage payment is 236.00 monthly for 30 years.If I pay 2 each month how many years will it take to pay off

Should I use a mortgage broker?

I have spoken to numerous brokers. With my current situation, which I won't go into, they all have said only 3 Banks will look at me.

Since I know which bank(s) I'll be dealing with should I still use a broker?

We're buying 22+ acre acreage. ATB, Servus, and Chinook Financial. Negotiating isn't an issue or a fear for me. Not my first mortgage.

Read more: Should I use a mortgage broker?

Heirless person' loans/mortgages?

My ex neighbor (good friend) has no children and is single (said he will not marry), in his 70s. He wants to buy a house, and said what if he buys an expensive one with large mortgage, and enjoy the nice house while he's living, and let the bank collect whatever remains of his mortgage after he dies. He wants to know if the banks would take his age into account when deciding on the mortgage application. I'm not sure. Anyone knows? Basically he meant he will not care about owing money during lifetime…

Read more: Heirless person' loans/mortgages?

Mortgage Loan affordability?

Can I get a $900K loan for a 1.1m property, 200K down payment, FICO is 800+, 160K annual income. No other credit card or car debt.
Added (1). Doesn't an FHA loan offer flexible DTI. I am told many of them go as high as 50%.

Read more: Mortgage Loan affordability?

Lenders who offer 40 year mortgage?

Anybody knows of names of lenders who offer 40-year fixed or adjustable rate mortgages in the Boston area? Thanks.

Read more: Lenders who offer 40 year mortgage?

How long to get a MD tax lien release in the mail

I am paying a tax lien release at the settlement of my new house. How they wanted to do it. How long does it take to get the lien release in the mail once I pay the amount to the company. Not directly to MD. I am looking to get a car here when it's all said and done so I want to get it as quick as possible. Settlement is taking place at a law firm. If this is normal I don't know, never bought a house. The lien is being included in the closing costs, so it will show on the settlement as paid. I don't want to take that into the bank since it will most likely throw my debt to income out of wack. Is there anything else I can do? Would the lawyers office print me out something sperate without the mortgage numbers on it? Like a separate receipt? Thanks for the info you all.

Read more: How long to get a MD tax lien release in the mail

Do fha lender's require three years of taxes or two?

I ask this because I was asked for two originally now my lender wants the last three income taxes. Problem is I misplaced 2014 and so I ordered transcripts but my lender said he still needs the actually taxes. It's told me it will take up to 75 days and I'm worried now it will affect my mortgage loan

Read more: Do fha lender's require three years of taxes or two?

How much house can I afford? - 2

I'm trying to figure out our house budget since we are planning to buy our first house next year. The thing is, we are planning to rent out the house after we move, so our budget is not based on our own income but on what we expect the majority of renters in that area to be able to afford. All the "calculators" online base prices on our income and expenses, but what I really need is to know roughly what price of house I can reasonably expect to purchase for around $1000 per month in Columbus, GA. What formula do I use to figure this out? I know it depends on a lot of things like credit scores, down payment, length of mortgage, but I really have no idea where to start here.

Read more: How much house can I afford? - 2

Calculate max FHA monthly payment?

A borrower has a stable monthly income of $4,000 and recurring debts of $600. If he is getting an FHA loan, what's the maximum monthly payment for which he would qualify?
Added (1). I am having difficulty finding out HOW to do this, not just the answer.

Read more: Calculate max FHA monthly payment?

Can i finance house and then sell?

I am trying to finance a house, Remodel it and then sell it! Can i sell it while its financed and do i need to pay early termination fee if i pay off mortgage early?

Read more: Can i finance house and then sell?

I'm self employed, work from home and have a mortgage. How do schedules A & C come into play?

I'm self employed, work from home and have a mortgage. How do schedules A & C come into play?
Added (1). If PERSONAL mortgage write offs go onto schedule A and BUSINESS write offs for home office space on go schedule C, it seems like I'll get something like a double write off.
Added (2). If PERSONAL mortgage write offs go onto schedule A and BUSINESS write offs for home office space on go schedule C, it seems like I'll get something like a double write off.

Read more: I'm self employed, work from home and have a mortgage. How do schedules A & C come into play?

Is there a way to get some of our money back?

How can I get some money back? My father passed away in 2012. Ultimately she could not afford to stay in the house alone. My sister and I helped her get her home rented out so she would have a monthly income. This arrangement worked for a while but my mother became increasingly home sick. Fast forward three tenants later and they have heavily damaged the home. We decided to sell our home, and use the funds from this to refurbish my mother's home. We moved back in and the three of us were very happy for a while. My mother met up with an old flame from high school and got remarried. We tried to make it work but obviously 2 couples living in 1100 square feet is not ideal. We are currently renting and need to find a way to try and get some of the money we invested out of the home but neither my spouse or myself have good credit. My mother has no income and her spouse is on disability. They have no credit either. The only thing we have is the house which is mortgage free and debt free. My mother wants to try and help us so we can recoup the money we put in the house. My spouse and I both have credit scores in the mid 500's and we are literally stuck. Any advice would be very much appreciated.

The home in question is currently appraised at $33,000.00 My spouse and I sold our home for $20000.00 and put around $17000.00 into repairing and upgrading the home we all lived in together.

The reason these property values are as low as they are is because we are in Texas.

Read more: Is there a way to get some of our money back?

I'm searching for a home loan should I use a bank or a mortgage lender for a better price better deal?

I'm searching for a home loan should I use a bank or a mortgage lender for a better price better deal?

Read more: I'm searching for a home loan should I use a bank or a mortgage lender for a better price better deal?

Should I quit my job and use my money to go travelling for a year or use the cash to set up a business

I work in finance and have a mortgage. I absolutely hate my job so as I have some savings I have decided to quit to either take a break or permanently escape. The thought of travelling the world makes me tingle with excitement but the sensible thing to do would be to put those funds towards a permanent exit strategy from finance I.e a business or re-training but that is the boring option.

What would you do? Any advice?

And yes I know these are first world problems before someone pitches in with that.

Read more: Should I quit my job and use my money to go travelling for a year or use the cash to set up a business

I work in finance, a job I really hate. I have recently come into a bit of money from an inheritence. Which option should I choose?

A) Travel around the world for a year (I want to do this so badly my body tingles with excitement just thinking about it)

B) Use the money to fund a permanent exit strategy from finance such as a business or major career change (the sensible but boring option)

Any advice? What should I choose?

By the way before anyone says buy a property I do already have a mortgage, if I went travelling I would rent my apartment out for a year.

Thanks.

Read more: I work in finance, a job I really hate. I have recently come into a bit of money from an inheritence. Which option should I choose?

NOT 62 YET HOUSE PAID IN FULL,BUTNEED SOME CASH NOW REVERSE MORTGAGE OK?

NOT 62 YET HOUSE PAID IN FULL,BUTNEED SOME CASH NOW REVERSE MORTGAGE OK?

Read more: NOT 62 YET HOUSE PAID IN FULL,BUTNEED SOME CASH NOW REVERSE MORTGAGE OK?

Can I apply for a loan at my bank?

I'm an undocumented student in Illinois. I will be attending college this fall. I have DACA status (lets me work in the US legally with a valid social security number) and I have my own bank account, credit card etc.Basically I'm living almost as a regular US citizen, paying my taxes, working, going to school, etc. Since I start college soon, I have a limited number of options to choose from. I am mostly going towards private schools, which offered me lots of financial aid compared to public schools that offered me only a little. I ve been told my whole life that I can't apply for student loans/federal financial aid but if that s the case then how can I apply for a mortgage or a car loan at my bank? Are they different things? I tried researching already but the wording was confusing on all the articles I read so I came here in hopes that someone can explain better. Thanks!

Read more: Can I apply for a loan at my bank?

How how much of a mortgage goes towards interest + principal (in$) using a BA II Plus calculator?

How how much of a mortgage goes towards interest + principal (in$) using a BA II Plus calculator?

Read more: How how much of a mortgage goes towards interest + principal (in$) using a BA II Plus calculator?

With a high paying job and bad credit what are the alternatives for getting a mortage?

Husband credit score is 720 with low income (25,000);

Wife's credit score is 600 (bankruptcy history) with high income (80,000);

All of their credit cards are paid off and they both have a car payment on their credit.

Can they still possibly get a $200,000 mortgage?

Read more: With a high paying job and bad credit what are the alternatives for getting a mortage?

Etiquette: How would you react in my predicament? Details below

I recently decided to move back to my home town as I was experiencing difficulties with my neighbours.

My Father offered to sell me a house for a specific price (a house was using for rental purposes and wanted to sell) and I jumped at the opportunity to buy the house as it was closer to home. Due to my issues with my neighbour, he agreed that I could move in pre-sale and I sold my home for just the right amount.

Since then, my Father has had a change of heart. He no longer wants to sell the property to me for the price agreed and as the previous tenants left the house in quite a state, i'm in the unfortunate situation where I have to find an alternative home as I can't afford to live here. The house is also not very nice as it was left in a state by the previous tenants.

I feel in limbo to be honest. I don't have enough money to buy another house due to selling my house at a knock down rate but I trusted my Father at his word that I would be able to purchase this property…

I feel such a fool and now I may need to re-apply for a mortgage when my property was previously owned by me outright. I've explained that i'll be moving and he now wishes to advertise for new tenants.

Read more: Etiquette: How would you react in my predicament? Details below

If I refinance my mortgage is the MIP paid refundable?

If I refinance my mortgage is the MIP paid refundable?

Read more: If I refinance my mortgage is the MIP paid refundable?

My mortgage was just sold to another bank. The new bank just sent me an Email showing a higher loan balance

My mortgage was just sold to another bank. The new bank just sent me an Email showing a higher loan balance - 1
Added (1). I have not spoken to them yet. I just saw the new balance in a email. It is higher and I am freaking out. I can call tomorrow, but I am looking for assurance that the balance was suppose to be the same. I do not think I can sleep tonight

Read more: My mortgage was just sold to another bank. The new bank just sent me an Email showing a higher loan balance

Help with my econ hw Which of the following is not an example of a deduction?

Which of the following is not an example of a deduction?

A.state tax payment
B.interest on a mortgage
C.taxable income
D.donation to charity

Read more: Help with my econ hw Which of the following is not an example of a deduction?

What area on the Schedule C does the mortgage interest go under?

What area on the Schedule C does the mortgage interest go under? - 1

Read more: What area on the Schedule C does the mortgage interest go under?

Is It possible for a US resident to transfer ownership of real estate (house) to a non-resident, for example a Canadian?

Hypothetically, a US resident owns a house and they choose to transfer ownership (with acceptance from mortgage loaning company) to a non-resident, like a Canadian. Is this possible? If so, what would be required to do so? Ex: tax obligation, legal fees, etc.

I can only find answers regarding transferring property to a non-resident spouse. Though, would a family tie assist the potential transfer of property go through successfully?

Read more: Is It possible for a US resident to transfer ownership of real estate (house) to a non-resident, for example a Canadian?

Who's right in this situation?

Two family members live in the same house. Lets call them X and Y. X is the owner, Y pays rent. A bathroom in the house needed to be repaired; a plumber came to inspect the trouble, but ended up not being able to find the problem. Y not sure whether he charged for his services or not. Another family member ended up fixing the problem. A few months later, X decides they will be moving away and thus leaving the house to Y. Last month, rent was given (in cash) to X. This month, the family members are 'transitioning' rent duties, but then Y rent discovers that their money was used, not for mortgage, but rather the bill the plumber apparently charged (which probably isn't true). As a result, last months rent was never paid. Now X not only wants this month's rent but last month's rent as well. Y cannot afford to do this before X leaves (a week before next month) as they also have personal bills to pay (credit card, car insurance, cell phone, etc) and also pays utilities, and electricity. If X had been honest with Y then this whole thing wouldnt be a problem. The fact that X wasnt, brings Y to the conclusion that the money was used for something else.

Y believes that it is the X's fault for making a careless mistake and that they should be responsible to pay last month mortgage. X believes otherwise. BUT, if X decides "whatever, **** it" then the missed payment will be completely shoved onto Y.

What can Y do?

Read more: Who's right in this situation?

Mortgage Affordability Calculator?

Mortgage Affordability Calculator?

Read more: Mortgage Affordability Calculator?

Mortgage Financing for real estate?

Mortgage Financing for real estate? - 2

Read more: Mortgage Financing for real estate?

Mortgage Financing for real estate? - 1

Mortgage Financing for real estate? - 2

Read more: Mortgage Financing for real estate? - 1

Releasing equity from a Buy-to-let property to fund purchase of new residential home?

Hi, I am trying to find out how I would go about releasing some equity from a flat (with a Buy-to-let mortgage) that I currently let out to tenants (via a letting agents).

Some background - I bought the flat in 2011 for £124500, I have since moved into my (now) husbands property and rent the flat out to tenants. I have a buy to let mortgage on the properly which is fixed until early next year. My husbands mortgage is also fixed until around the same time, we have just had a child and would like to look into moving to a bigger property next year. We would sell my husbands house (our current home) but if possible would like to hold on to the flat and continue renting it out - however I would like to release some equity (from the flat) to put towards the purchase of our new home. I am completely clueless as to how we would go about this though - can anyone advise please? I think the flat is now worth in the region of £200,000 and I owe about £90,000 on the mortgage so do have a good chunk of equity in it. How much could I release? I'm assuming by doing this it would bump up my monthly repayments?

Or would we be better of just selling the flat?

Many thanks

Read more: Releasing equity from a Buy-to-let property to fund purchase of new residential home?

A principal hired a mortgage banking firm to obtain a loan commitment of $10,000,000 from an insurance company for the construction

A principal hired a mortgage banking firm to obtain a loan commitment of $10,000,000
from an insurance company for the construction of a shopping center. The firm was promised a fee of $50,000 for obtaining the commitment. The firm was successful in arranging for the loan, and the insurance company, without the principal’s knowledge, agreed to pay the firm a finder’s fee. The principal then refused to pay the firm the promised $50,000, and the firm brought suit to recover the fee. May the firm recover the fee? Why?

Read more: A principal hired a mortgage banking firm to obtain a loan commitment of $10,000,000 from an insurance company for the construction

Should I consider a different career path I am doubting my field is worth it?

I am 26 y/o with a degree in Finance and recently got hired for the investment operations arm for a bank. I like my job but the pay is horrible for the amount of requirements they have. The barriers to entry is very high and the ones who make it are used to start off doing clerk work which does not require a degree at all. My manager is giving me the impression that I am underpaid for what I have contributed so far and is aware he can't keep me very long if he continues to pay the rate I am receiving right now. He suggested I pursue the CFA designation but I no longer have the patience with this field. There are other fields in banking that pays well but have little requirements such as mortgage banking or compliance.
Added (1). I saw a mortgage underwriter position offering up to $80k a year and a Escrow Admin position offering $30 per hour. Both did not require a degree just preferred and they did not require designations like the CFA or other bull$hit.

Read more: Should I consider a different career path I am doubting my field is worth it?

Can we buy get a loan for a house if I don't have 24 months employment history?

My fiance and I want to buy a house soon after we get married [September]. His credit is great, I'm working on mine, and we're both working full-time. The only issue is I've been told we won't be able to get a loan because I haven't been working for two years. I am graduating next month-the reason I haven't worked the last 2 years- and have only been at my current job [internship turned job] since technically March 16th. We wouldn't buy until after September, probably not until Spring 2018, but is it possible to get a mortgage loan without 24 months employment history?

We would be looking to buy in Berkley County, WV.
Added (1). I just realized my mistake in the question. Sorry!

Read more: Can we buy get a loan for a house if I don't have 24 months employment history?

Is private mortgage insurance required for fha loan?

Is private mortgage insurance required for fha loan?
Added (1). i'm trying to buy a house and plan on putting 25% down and was planning on taking out a fha loan if private
mortgage insurance isn't required. I read that the regulations on it change every couple of years

Read more: Is private mortgage insurance required for fha loan?

How can I remove a lien from my property

Lien is from bank who we had original mortgage from. Since then bank has changed ownership numerous times each time taking over our mortgage. Original bank who holds lien has been out of business for over 20 years. We have clear deed and satisfaction piece for mortgage. Have not had mortgage for over 15 years. We only found this when we obtained a home equity line of credit. Said lien is from 22 years ago from bank who is no longer in business. Went to recorder of deeds at local court house and all they can tell us is name of bank (which is bank out of business), date placed, and amount $9,000. Only loan we ever had is mortgage. We have been with same bank just different names for over 40 years. Glad we found out before something happened to me or wife, and kids would have to try to clear deed. Went to our bank and no one can tell us what lien is for. How can I resolve this if present bank whom I would guess took over mortgage can not even tell me what lien is for.

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Balance Sheets and Mortgage Payable?

Balance Sheets and Mortgage Payable?
Added (1). Laverne purchased a new piece of equipment to be used in its new facility. The $370,000 piece of equipment was purchased with a $37,000 down payment and with cash received through the issuance of a $333,000, 6%, 5-year mortgage payable issued on January 1, 2017. The terms provide for annual installment payments of $79,053 on December 31.

Show the balance sheet presentation for this obligation for December 31, 2017. Be sure to distinguish between long term and short term.

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What are some options available instead of retirement housing?

What are some options available to an older person who does not wish to move to retirement housing, but prefers to stay in the large mortgageâ€Â'free home in which he has lived for 40 years but can no longer maintain. Any suggestions you would make for this person?

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If bank pays the mortgage broker, whats the logic in getting less interest rate deducted from my money if i choose the broker vs Bank?

If bank pays the mortgage broker, whats the logic in getting less interest rate deducted from my money if i choose the broker vs Bank?

Read more: If bank pays the mortgage broker, whats the logic in getting less interest rate deducted from my money if i choose the broker vs Bank?

How much do I owe if I sold home? On mortgage statement: interest bearing principal $152,000, outstanding principal $205,000?

How much do I owe if I sold home? On mortgage statement: interest bearing principal $152,000, outstanding principal $205,000?

Read more: How much do I owe if I sold home? On mortgage statement: interest bearing principal $152,000, outstanding principal $205,000?

Problems BF and I buying a house?

My BF and I are 53 years old divorced, have 2 kids each.Together for 14 years, don't live together because of kids and parents.Finally decided to buy a house together He owns his home I am one with my mom who is elderly. When we found something we would put a down payment down on it and then get a mortgage. He decided to take a home equity loan out on his house and get pre-approved and not tell me. I thought he was doing this for us. Then said that he would buy this house have his name on the title and loan and I would just "live" there. I take my house and use it to buy a house in florida. Now he decided this on his own, NEVER discussed this with me. He just assumed and decided this was the way it would be.
and I said no legal paperwork, no marriage, no domestic partnership agreement… If you die what happens to me… Your kids kick me out… He says YOU CUT A DEAL WITH MY KIDS!

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How are most mortgage lenders compensated? Is there a difference between big banks and community banks?

Any examples of a mortgage lender breakdown? If commission, what percentage of a loan do they get. If commission and salary, what's the typical salary?

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I offered the asking price for a house and got rejected

I am buying my second property and after having found a lovely house, just outside london, I made an offer on it.

have sold my flat subject to contract, but I also, along with my parents, have another property which I own completely. I have taken out a small mortgage out of that property to be able to be a cash buyer on this new house.

The house in question has been on the market for 2 months and reduced from 315k to 300.

I went to see it last Friday, and made an offer for £300k. The website didn't say offers over or in excess of. When I told the estate agent my decision, she told me the buyer has more viewings and therefore can't let me know about he decision until those have taken place!

In the coming days, the agents asked to contact my mortgage broker to confirm things (which he did and assured them they would receive th money within two weeks ) and contacted my solicitors and estate agents who are dealing with selling my current property.

I didn't hear from them again until today, nearly a week later, so I had to ring them myself to see what's happening? The woman took a very condescending tone with me and said there are now other offers on the table and mine has been declined unless I'm willing to pay more than the asking price!

I said I. Pulsing and she said well then your offer still stays declined! I can't believe I had to ring and enquire myself, where otherwise I would have just been left hanging!

Is this professional? Is it right?

Read more: I offered the asking price for a house and got rejected

Are credit checks a new way to discriminate in this technologically intrucive, technocratic society?

Seriously, I just offered to buy my house out right, all the money up front! I got turned down because of my moderate credit score?! So I can't come to the table with one hundred and fifty thousand dollars in cash and buy a property outright anymore because of a "credit(discrimination) number"? I even offered to pay up on the taxes. This dumb mother####er doesn't want cash up front, he would rather get someone locked into a mortgage, and maybe deal with a foreclosure later on down the road. Maybe that works out better for him idk.

Read more: Are credit checks a new way to discriminate in this technologically intrucive, technocratic society?

Should we take a home Equity Line or re-finance?

We need $100,000 to pay a debt-college loans mostly and some credit card debt.
We have alot of equity in the house. We only have a $100,000 mortgage balance with 8 years left amd so the payment is mostly princile and not interest. ,, Should we refi to 30 years and do a 200,000 new mortgage or take a Line of credit. We plan to only be in the house 5-6 more years.

Read more: Should we take a home Equity Line or re-finance?

Whats the point of having over 800pts credit score when you can't get great low apr for mortgage loan on first time home buyers in NYC/L.I

Whats the point of having over 800pts credit score when you can't get great low apr for mortgage loan on first time home buyers in NYC/L.I

Read more: Whats the point of having over 800pts credit score when you can't get great low apr for mortgage loan on first time home buyers in NYC/L.I

Social Security Income only with no tax wittheld, but $20,000.In itemized deductions

Turbotax says I owe nothing and get nothing back?

Are all my itemized deductions useless? Home mortgage interest, etc…

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Can you give away interest in land you have a mortgage on?

Can you give away interest in land you have a mortgage on? - 1

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What kind of woman would just work, pay her mortgage, support her grown up child,run and cycle but thats all, never dates or socialises?

What kind of woman would just work, pay her mortgage, support her grown up child,run and cycle but thats all, never dates or socialises?

Read more: What kind of woman would just work, pay her mortgage, support her grown up child,run and cycle but thats all, never dates or socialises?

Will completely paying off my credit card hurt my credit score?

I have about $1500 in credit card debt and was planning on paying $600 for the next 2 paychecks and the remaining balance for the 3rd paycheck. I have a limit of $5,000. I'm hoping to pay it off before I try to get a home mortgage. I was emailing with a realtor about a house but said I wanted to get my credit card paid off before I officially buy a house. She said that could actually hurt my score. So what should I be doing then? Not pay it completely?

Read more: Will completely paying off my credit card hurt my credit score?

Will paying off my credit card completely hurt my credit score?

I have about $1500 in credit card debt and was planning on paying $600 for the next 2 paychecks and the remaining balance for the 3rd paycheck. I have a limit of $5,000. I'm hoping to do so in order to get a home mortgage. I was emailing with a realtor about a house but said I wanted to get my credit card paid off before I officially buy a house. She said that could actually hurt my score. So what should I be doing then? Not pay it completely?

Read more: Will paying off my credit card completely hurt my credit score?

How can I fight back? Against my HOA?

Last August my mortgage company forclosed on my condo. My condo association got weary of waiting (during that time waiting, my mortgage company was trying to do a loan modification). My condo association decided to end the waiting game by selling my property at an auction for $5000 interest only. When my mortgage company didn't shift, the HOA purchased my property for $5000. About a year later my condo was forclosed by the mortgage company. I left, and the mortgage company gave me $2500 for the move. They also told me all Liens put on the property by the HOA had been satisfied, paid in full. They told me that all of the HOAs fees and whatever was owed to them was paid in full. End of story, I was happy.
Two days ago I received a letter from my employer saying that the HOA had filed a motion to garnish my wages through the District Court system. They said I owed them $8000. I was shocked, I called the mortgage company and they were speechless, they said that all of the money owed to them was paid in full, and if there was a balance it was never brought to the attention of the mortgage company.
So this $8000, is from 2015 when they had sold my condo for $5000. Now the mortgage company said they will investigate.
Btw, the attorney found me through LinkedIn. My mortgage company did not provide the HOA my new address information so he searched me on LinkedIn and contacted my employer to garnish my wages.
What can I do? And please give me feedback on this. Thank you.

Read more: How can I fight back? Against my HOA?

Has anyone ever had success purchasing a cash with a 203k fha loan?

I'm looking to buy a house, but the seller has it listed with cash for the desired funding. I don't have the money to buy it cash so I was wondering if any of you have had success placing in a bid on a cash house with a 203k fha. Any tips?
Thanks

Read more: Has anyone ever had success purchasing a cash with a 203k fha loan?

When 2 people own a house (no mortgage) as 'tenants in common' could one of them take out a loan using the house as security on the loan?

without the other agreeing to that?
Added (1). This is about UK law.

Read more: When 2 people own a house (no mortgage) as 'tenants in common' could one of them take out a loan using the house as security on the loan?

I'm looking to buy a villa, in Fla, I hear it has a reverse mortgage on it, what should I look for to protect myself? John?

I'm looking to buy a villa, in Fla, I hear it has a reverse mortgage on it, what should I look for to protect myself? John?

Read more: I'm looking to buy a villa, in Fla, I hear it has a reverse mortgage on it, what should I look for to protect myself? John?