 If I cut my loan payment in half and pay it twice in a month will I pay it faster and beat out the interest? |
| I've heard that paying a debt 2x's in a month instead of all at once at the end of the month actually pays off your balance sooner and halves the amount of interest you pay that month. I ... |
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 How long should I hold on to my credit card/bank statements? |
| I have a stack of credit card statements, bank statements, copies of checks, receipts, etc....what is the rule of thumb for how long I should keep this stuff?... |
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 Joint Account or Seperate Accounts in Marriage? |
My fiance and I are getting married in June 07
He is wanting to have his own personal account that he will take 50-100 out his check every pay period to spend on whatever he wants no matter cost ... |
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 I want to take a trip to Europe, but don't have the money. . .? |
| I had a friend who got a credit card especially for this kind of trip, how would I go about getting a credit card with a balance of at least $2,000? My credit is good, but whenever I get '... |
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 Where can I Go to qualify for a $65000 to $80000 Personal Loan?? |
| am young and inexperienced. But I need to take out a personal Loan for $65000 to $80,000 to get out of my Hole. The Problem?? - I have No credit, with some problems of small credit bills not being ... |
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 Overdraft fee fairness? |
i went shopping the other day i made seven charges on my debit card the seventh charge overdrew me by $42
now i understand that my bank has a $27 fee for an overdraft
but theyre ... |
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I'm interested in finding out from people who have had an IVA (Individual Voluntary Arrangement) to reduce their debts.
How did it help you?
Has it affected your credit ... |
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 Does anyone know of any legal ways to get money really fast? |
Additional Details
Thank you all for answering. I do have a job but I also have a huge family and never enough money. I was asking to avoid getting my electric shut off this Tuesday.... |
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Arctic | Is it possible for a US family (2 children) with total annual income 87K to buy a house in decent area? |
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Ron B
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If you are not up to your ears in debt, and have good credit you could qualify for somewhere around 450,000$. With a fixed loan that would be around 3000 to 3500 a month on your mortgage. Since you get to write the mortgage payments off of your taxes, you will actually be bringing home more money than you are now. If you are bringing 10%-20% as down payment you could get even more. I would not reccomend it, but you could. |
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theshadowknows
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I don't know what part of the country you are looking at but most mortgage outfits reccommend you not pay more than three times your annual income, so yes, I think you can buy something reasonably "decent" for that for a family of four. Keep in mind the housing market may be bottoming out, so it's a gamble how much longer to wait but should be a buyers market, again depending on where you are looking, but it's an issue if it's the location of the job that determines where you live, most people try to get a commute of an hour or less one way to work. |
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Deirdre H
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Sure is. I live in New Hampshire, about an hour North of Boston, with train service to Boston and Portland Maine. Homes here range from about $150,000 and up. 87K would afford some of these.
The only thing to consider is if the 87K is split between both, a pregnancy could cut this back. Also, simply moving may alter the pay scale as well. You really need to consider what your earning capacity is in the location in which you intend to move. Base your ability to afford on the location you are seeking. |
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sitboy23
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Yes, it depends oin the area. My family lived in St. Louis MO, and we could not afford a house. We were able to find on in ST. Louis County, in an area called Ferguson. The area is decent, and we got a 4 bedroom, 2 baths, 2 floors for 85,000! I still miss south city st. louis, but I still live close enough to the city to get their in 20 mins. I can walk around at night with out being scared. |
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Adam
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Yes. Actually, making 87 thousand a year is very good. It really only depends on how much you have saved and aren't spending. |
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[?]
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ya. the pacific northwest (idaho, oregon, and washington) have great home prices with *not to big* cities. everything u need.
i reccomend Boise, Idaho or Portland, Oregon (area) |
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Michael T
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i think so. the general rule i've heard is that the most you should spend on housing is 30% of your annual income, which would be 29k or 2,400 ish per month. that's plenty to cover a mortgage payment in an okay to good neighborhood. |
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May I help You?
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Yes, in Georgia, and the weather is not too extreme....other states too.
realtor.com
Income has nothing to do with qualifying for a mortgage, and check with your local banker where you have your checking account to see how your credit rating is (you can also check with the credit bureaus yourself). Your bank can help you qualify for a mortgage, and let you know about closing costs.
They have an interest in keeping you happy.
GOD bless |
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Kiko
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absolutely. Just save your money for a bit. You can find some really nice houses in excellent areas for only about 100k. You are ofcourse going to have to search in cities that aren't that big and maybe your house won't be that close to the city. I currently live in a 100k house that comfortably holds 4-5 people with ample space all around and about 1 acre of land. It's just a matter of looking in the right places. You'll find that houses in the midwest will be a lot cheaper then houses closer to the coast. Happy house hunting. |
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Daisy
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Of course. It just depends on your definition of "decent" and what area of the country you are talking about. With that income, you have a lot of possibilities. |
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G L
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yes if you have decent credit.
I am single, great credit under 40 and about 30,000 and still got a 150,000 3 bedroom home
So it depends on what price a decent homegoes for in your area.
150,000 here is a very nice home, In California 150,000 may not buy a shack in some towns |
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