What could I do that i could make more like 100 thousand a year a bought a rental property but I only make like 10 thousand profit a year and i have a mortgage on it I'm just tired of working so much for so little I save as much money as I can what could i do too make more money
Read more: I'm 22 I work 12 hours a day working carpentry I worked carpentry since I was 16 i make 60 thousand a year but I'm tired a working so much?
Thursday, May 4, 2017
On a credit card application when they ask how much your monthly mortgage is, should I include my escrow or just the principal and interest?
On a credit card application when they ask how much your monthly mortgage is, should I include my escrow or just the principal and interest? - 1
Read more: On a credit card application when they ask how much your monthly mortgage is, should I include my escrow or just the principal and interest?
Read more: On a credit card application when they ask how much your monthly mortgage is, should I include my escrow or just the principal and interest?
Changing Jobs During Mortgage Process (same field, different type of position)?
I was let go from my job last week, and I am set to close on my house in the next couple weeks. I have a new job offer this week. Same industry, same pay, but different *type* of position.
My title would be going from "Assistant Property Manager/leasing consultant" (on the leasing/office side of things) to "Service/Maintenance Technician" (on the maintenance side).
Will they care that it's a different type of job title, even though it's in the same exact industry? I know being in the same field and same/higher pay is no biggie, but just wanna be sure that the title change is okay, but this feels like a gray area.
Thanks!
Read more: Changing Jobs During Mortgage Process (same field, different type of position)?
My title would be going from "Assistant Property Manager/leasing consultant" (on the leasing/office side of things) to "Service/Maintenance Technician" (on the maintenance side).
Will they care that it's a different type of job title, even though it's in the same exact industry? I know being in the same field and same/higher pay is no biggie, but just wanna be sure that the title change is okay, but this feels like a gray area.
Thanks!
Read more: Changing Jobs During Mortgage Process (same field, different type of position)?
What happens when I sign a quit claim deed form so my ex can apply for a loan modification as the home is in foreclosure?
My ex-husband and I jointly own a home which he was awarded in the divorce. He is former military. The home was purchased with his VA loan. He was injured on the job and was unable to make payments on the home and thus the home went into foreclosure. A foreclosure date has not yet been set.
He is now recovered and back on the job. He is able to afford the monthly payments but not able to pay the amount needed to get the home out of foreclosure status.
He is interested in staying in the home and eventually refinancing in his name. To refinance, he was informed he would need to make a year of consistent payments. To stay in the home now so he can start to make these payments, he is interested in applying for a loan modification, which he would likely qualify for on his own. He has asked me to sign a quit claim deed form so that he can apply with his income only. I am not interested in having any ownership or responsibility for the home, but I understand that a quit claim form releases me only from the title and not the mortgage and that the bank could hold me liable for payments. Since the home is already is foreclosure status, am I really losing much of anything (my credit is already trashed because of the missed payments)?
What are all the possible consequences for me if he is grated the loan modification but defaults on the loan again before he is able to refinance in his name other than my credit?
Read more: What happens when I sign a quit claim deed form so my ex can apply for a loan modification as the home is in foreclosure?
He is now recovered and back on the job. He is able to afford the monthly payments but not able to pay the amount needed to get the home out of foreclosure status.
He is interested in staying in the home and eventually refinancing in his name. To refinance, he was informed he would need to make a year of consistent payments. To stay in the home now so he can start to make these payments, he is interested in applying for a loan modification, which he would likely qualify for on his own. He has asked me to sign a quit claim deed form so that he can apply with his income only. I am not interested in having any ownership or responsibility for the home, but I understand that a quit claim form releases me only from the title and not the mortgage and that the bank could hold me liable for payments. Since the home is already is foreclosure status, am I really losing much of anything (my credit is already trashed because of the missed payments)?
What are all the possible consequences for me if he is grated the loan modification but defaults on the loan again before he is able to refinance in his name other than my credit?
Read more: What happens when I sign a quit claim deed form so my ex can apply for a loan modification as the home is in foreclosure?
Affordable safe place to live Westbury, NY?
We are moving to New York from Louisiana, so obviously the cost of living and lifestyle will be very different. I currently pay 2500 a month for my mortgage so I would like it to stay around the same. I am looking first for a place to rent while I learn the area. I have 2 children and will so I am curious about affordable (decent) housing, schools, etc. I will be working in Westbury so I am trying to stay somewhere within a reasonable distance if it is good. Any info is really appreciated!
Read more: Affordable safe place to live Westbury, NY?
Read more: Affordable safe place to live Westbury, NY?
Wednesday, May 3, 2017
Can you assume a loan that has a reverse mortgage? - 1
If my grandmother were to leave her house to me that she owes $290,000 on (reversed mortgage) would I be able to take over the home as an heir without having to sell it and pay off the $290k as you would a regular new mortgage?
*North San Diego, CA*
Read more: Can you assume a loan that has a reverse mortgage? - 1
*North San Diego, CA*
Read more: Can you assume a loan that has a reverse mortgage? - 1
Changing Jobs During Mortgage Process (same exact field)?
I was let go from my job last week, and I am set to close on my house in the next couple weeks. I'm getting a new job this week. Same industry.
The only other change is that my title is going from "Assistant Property Manager" to "Leasing Consultant", but fortunately my pay is going up 50 cents.
Will they care that it's a "lower" job title? I know being in the same field and same/higher pay is no biggie, but just wanna be sure that the title change is okay?
Thanks!
Added (1). Note: I was in my field for two years until being let go and everything has been approved, just waiting for the house to finished with construction.
Read more: Changing Jobs During Mortgage Process (same exact field)?
The only other change is that my title is going from "Assistant Property Manager" to "Leasing Consultant", but fortunately my pay is going up 50 cents.
Will they care that it's a "lower" job title? I know being in the same field and same/higher pay is no biggie, but just wanna be sure that the title change is okay?
Thanks!
Added (1). Note: I was in my field for two years until being let go and everything has been approved, just waiting for the house to finished with construction.
Read more: Changing Jobs During Mortgage Process (same exact field)?
I ve been pre approved for a mortgage. When they run 2nd check on credit, it may show late car payment. Will it change their decision?
I ve been pre approved for a mortgage. When they run 2nd check on credit, it may show late car payment. Will it change their decision?
Read more: I ve been pre approved for a mortgage. When they run 2nd check on credit, it may show late car payment. Will it change their decision?
Read more: I ve been pre approved for a mortgage. When they run 2nd check on credit, it may show late car payment. Will it change their decision?
Do I need a mortgage broker or real estate agent to refinance on my rental property?
Do I need a mortgage broker or real estate agent to refinance on my rental property?
Read more: Do I need a mortgage broker or real estate agent to refinance on my rental property?
Read more: Do I need a mortgage broker or real estate agent to refinance on my rental property?
Buying a home in a place I go to around once a month - good investment?
I work for an international company and often have to travel from London to Palm Springs, CA last minute. This means hotels cost a fortune (I get an allowance for travel, but it doesn't cover it).
I was thinking of buying a house there. I could use it in the summer with my family, use it whilst on business and rent it out using Air B&B. Normally I spend around a week per month there, as well as the summer time.
I've looked at listing the last couple of times I've been over there and it looks as if I can pick up a nice home for less than $500,000, meaning I wouldn't need a mortgage.
Does this sound like a sound investment? I've always wanted to move out there in 10-15 years (when my children have left home), so having a property out there is helpful.
Added (1). I am already a US citizen from when I lived and worked there a few years ago. I obviously went through the legal pathways for this.
Also, the figures for the hotel stays you quote are wrong. I often don't find out until the day before i am due to leave, so flights and hotels are a lot.
The $500,000 is what I am willing to pay. That is not to be scrutinised. My wife and I have built up that figure from working hard.
Read more: Buying a home in a place I go to around once a month - good investment?
I was thinking of buying a house there. I could use it in the summer with my family, use it whilst on business and rent it out using Air B&B. Normally I spend around a week per month there, as well as the summer time.
I've looked at listing the last couple of times I've been over there and it looks as if I can pick up a nice home for less than $500,000, meaning I wouldn't need a mortgage.
Does this sound like a sound investment? I've always wanted to move out there in 10-15 years (when my children have left home), so having a property out there is helpful.
Added (1). I am already a US citizen from when I lived and worked there a few years ago. I obviously went through the legal pathways for this.
Also, the figures for the hotel stays you quote are wrong. I often don't find out until the day before i am due to leave, so flights and hotels are a lot.
The $500,000 is what I am willing to pay. That is not to be scrutinised. My wife and I have built up that figure from working hard.
Read more: Buying a home in a place I go to around once a month - good investment?
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