 What if you are trying to get a loan, but you don't have none of your old income tax returns? |
| because In recent years I was not planning on buying a house, but just up and decided to purchase a home, what or how can I prove that I have been working steadily for ... |
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 Why are builders building all of these expensive houses people can't afford? |
| I live in a typical middle class town, however, for the past few years builders have been building all of these expensive, massive, monster homes that nobody can afford. Despite, the bid price tag, ... |
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 We are thinking of buying a home? |
| We still need to get pre qualified first. My question is, would it be better to wait and get pre qualified after we are married or is it not going to make much of a difference. Because if it ... |
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 My landlord has sent me a bill for heat we never asked him to supply in our rented home? |
| Suddenly this winter the kerosene guys delivered and filled our tank without us calling. At first we thought it was an accident becuase they left no bill. It happened a few more times and we then ... |
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 Real estate question? |
| for example, if i was going to rent a house out to someone. where do i get the lease agreement from, and who do I consult if i want to add certain clauses.... |
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 What is a reverse mortgage........? |
Additional Details
What if the house is paid off.............. |
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 Do I need homeowners insurance on a home i only plan to own for 2 months? |
| Im buying the home with cash and flipping it within about 2 months. So would i need homeowners at all? Policies usually are for one year i thought.... |
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 What's better fixed or adjustable mortgage? |
can adjustable become fixed later?
Additional Details
Thanks everyone !! :) :)... |
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 What is the housing market going to do? What is the best time to buy a home? |
We are looking to buy a new home (primary residence), but are anxious given the state of the housing market these days.
There is a house we are particularly interested in, but it is a ... |
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 Do I have to pay an appraisal fee to Mortagae Co. even if I didn't purchase the house? |
| I was buying this house and left a check deposit of $1,000 to my real estate agent. We opened escrow and had the house inspected for pest. The report came back and I wasn't happy with the ... |
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 Landlord trying to keep most of my security deposit. What can I do? I didn't take any pictures, regretfully. |
| Most of the deductions were already existing in the home or normal wear and tear. How am I supposed to prove this. Is hiring a lawyer going to cost me more than the $995 refund.... |
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 Does anyone know how to find out what mortgage I would be approved for before we go to bank? |
| My hubby and I both make about 45K before taxes. Our credit scores are about 715. Our current rent is $810. The houses we are looking at are about 95K. I am graduating from nursing school next year, ... |
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| What all do they check for in a rental application? |
| Just credit or do they do background criminal checks also?... |
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 I this property a good investment or at least not STUPID?? |
| There is a lake resort about an hour from my house, where you can buy rv lots and cabins. The price for the 1 bedroom cabin I want is just under 50k. there is also a $75 monthly "resort fee"... |
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 What can we do?!! Help!? |
| My boyfriend and I found an apartment that we really liked and were planning on moving into in 4 days. When we viewed the apartment, there were certain features that we really liked and made the sale ... |
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 I need help with my Real Estate Agent? |
| I'm trying to sell my house and have it listed with a local real estate agent. The problem is that she isn't working very hard (or at all) to sell the house. My question is, how do you ... |
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E | Any advice on selling your home and going back to renting for a while? |
My husband and I are new homeowners (less than 5 years), and we may have purchased a home too hastily. I say this because we are not truly happy in it and feel if we save money, we could do a lot better (move up). It's not that we can't afford the home, it's just that we think we could do better for the money we are spending. We were thinking about selling our home and going back to renting an apartment so that we can save money and wait to wisely buy a home that we really want. What are the pros (if any) and cons of going back to renting for a while after being a homeowner? Would this be a smart or bad decision? |
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bender_xr217
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Why not just stay in this house until such time as you can find one else where that you like? Being a home owner, you have growing equity in your house, something that could come in handy when you do decide to move. Also, selling your house and going back to renting could harm your credit rating, you will appear as though you dropped off the "radar" and there would be some concern as to why!
Another option would be to rent this house out for a short time, let your tenets pay your mortgage for you while you live in an apartment that has rent cheaper then your mortgage payment! Make sure it is some one whom you can trust to make the payments to you with out fail. This can give you some breathing room to find a more suitable house at your leisure. |
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Ben Jeepin
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I would stay in your home. It will go up in value and gain equity. When you rent, the landlord reaps the benefits of ownershp. |
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roaringlion74
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go to a property dealer |
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hanginleft17
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At least in the home you are building up towards an asset. Renting is just throwing your money away without ever seeing it again, in the house it actually goes towards something. Stay for a while, sell, then relocate to another house. |
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wilderwriter
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It's unlikely that you could get a "better" home for what you're paying now. If you sell and go back to renting, you could also wind up paying as much or more in rent, and not be getting any tax breaks, like you have in making mortgage payments. You also would cease to be getting any potential capital gains on the money invested in the home (not guaranteed, but likely to be more than you could get by just putting the money in a savings account). If you have good investment savvy, you might could parlay your mortgage equity (from selling) into a better return than what the house value-growth might be, but that is the risk you take.
If you are really unhappy in the house, though, you might still want to follow your idea, even if it DOES mean a small negative financial impact. |
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bilez1
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work out a balance sheet...all the costs associated with staying in your home, compared to projected costs and savings taking on a rental. without going into the finite detail of taxes, depreciation, etc., unless you're in an area unaffected by the current slowdown, now is not the time to sell. on the other hand if you are secure...see something you really want and can minimize financing costs...dump the house and "move up". it's a tough call, i know, but in most areas of the country, it is a buyers market. |
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jimobasa
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It seems to be a backward step as renting is inevitably more costly than a mortgage on a month by month basis. Owning your home also gives you status as many credit facilities advertised on TV are exclusively for homeowners with tenants being excluded. If you take the plunge and revert to renting, it is possible you might never get back into your current status (homeowner). I am sure that your credit score would also be affected by changing from being a homeowner to being a tenant. Perhaps you simply expected too much of home ownership and you feel disappointed; and if this is the case you could never achieve your desired happiness - you cannot achieve a state of blissful happiness that exists only in your imagination and is not actually there to be achieved |
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californian
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Never go backwards! If you are unhappy for any reason by all means make a change...but weigh all of your options first. Consider renting out your home until you are able to do something else. You are a home owner an obstacle many try to achieve. If it is necessary for you to rent and you have a bigger goal in mind, fine.
Just try and maintain the home you currently have because that home will lead you to another. (It can help you to qualify for something else that you really want)
Good luck! |
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Etta P
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There's no taboo to being a renter. If your not happy then you should make the changes you need to be happy. This type of move will not adversely effect your credit credit rating. Sure, renting would mean that you are basically paying someone elses mortgage, but that other person is responsible for all repairs, insurance, taxes, and other sometimes costly responsiblities of homeownership. So, if the market in your area is stable enough to sell your home for a reasonable profit and think you will be happier renting for right now, then you should go for it!
Hope this helps |
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Frank R
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I wouldn't go back to renting. If too unhappy, consider moving up now. You should have built up equity over the last 5 years which can be used as down payment for another house. Find a good real estate agent to talk over your specific situation. It won't cost anything for their opinion. |
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