 How kids can help out with moving? |
| My family and i are planning on moving to a smaller home soon (As in August or September). I was just wondering what us kids, my sister and i (17 and 13) could do to help? Perhaps rais a little money ... |
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 What rate of interest i will be charged for a home loan of rs.1500000? |
| i have salary of Rs.10,500/- can i get home loan of Rs.15,00,000/- on it. with what rate of interested and with emi and months it will take to recover it.... |
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 Our house agent says just don't mention it- Is he right? |
| Our cellar has always been full of water. We are retiring to the seaside now. I'm thinking of calling the cellar a drought-proof water storage facility or should I install a diving board and ... |
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 Landlord Unlawful Entry? |
| I've been noticing that my landlord enters my apartment when I'm not there and I was wondering what can be done about it. Even though she denies it, I notice that my things are placed where ... |
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 Can I Sue My Landlord for Harassment? |
I live in GA and my landlord's spouse has threatened me physically and I can't afford to live no where else. I rent a house. Can I sue them for the house?
Additional Details
My ... |
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 I recently got divorced. my ex husband will not refiance? |
| i am not living at that house. my name is still on the mortgage. is there a way to get my name off?... |
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 Is it possible for a landlord to raise our rent? |
| I just recently recieved a notice on my door saying that our water is going to be shut off. I am renting this place by the way. I fear that our rent is too low for my landlord to pay the water bill. I... |
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 What happens if the people you buy a house from arent moved out on the possesion date? |
| We bought a house in a small town 6 months ago. Our possession date is tomorrow. It doesn't look like the people we bought from are making much of an effort to move out. They have built a house ... |
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 Would you trust an 18 year old real estate agent?? |
if not why?
my friend wants to be a real estate agent when he turns 18 and after two years he wants to be a broker. so he'll eventualy be a 21 year old broker.
would you ... |
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 What would you do? |
| Long story short. We are trying to buy a home that we have decided we don't want anymore. Although we can afford this home we have decided that we didn't want to take on that much debt. R... |
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 19yrs old, in college, is there any way I can buy a house? |
| If I work full time, do you think i could possibly get a loan to buy a forclosed house or something?? is there a way I could buy it with a friend?? T... |
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fashionlver | Can we afford a million dollar home? |
Okay, my cousin and I are going to shack up together. She is currently in college getting her BA in Med.( She wants to be an obgyn). And, I work regular labor at $12/hr.for 40 hrs a week. Our cars are already paid for so we are only focusing on the house. We saw a million dollar home and we want to purchase it when she gets her degree. So, do you honestly think that between she(doctor) and I(labor) can afford to buy the house? |
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W. E
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Lenders will look at her job time, and if she is in college right now, she is more than likely not making much money right now. Than she will have student loans to pay off, when she gets out of college, since they become due in 6 months to a year when college is completed.
A lender will look at the 2 years income, yes they can look at the projected income, but your DTI (debit to income ration) may be too high to afford this home. Why not start out smaller and build up?
1 M home with a jumbo rate would be 6,653.02 a month P/I this does not include taxes and homeowners insurance.
You could go interest only, and that would lower your payment to 5,000 a month. |
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Heidi
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One million dollars is a HUGE amount of money. From the sounds of it, your cousin isn't in the OB field yet. You need much more than a BA to practice as a Dr. Does she have a job in the mean time? It will take her a long time before she makes a decent salary was a Dr. You probably make about $1,500 a month...
My husband and I are renting in the 2nd most wealthy county in the country and all decent sized homes are around 1 mil. Townhomes in this area go for 500K as well. If we were to get a loan for a townhome and put a $32,000 downpayment (not including closing costs), we'd be paying at least $2,000 a month, not including property taxes. So double the the 2K, add the property taxes, and you've got a million dollar home! Oh, and don't forget the utilities!
So, can you afford it? Honey, I'm sorry, but I don't think so. It's not that easy. You can find something much less expensive and make it a home.
Good luck! |
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wildrice64
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sorry to burst your bubble but unless you win the lottery nthers not a chance unless you live in the loest cost of living area there is you still need to eat pay bills etc.... |
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Bistro
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no. will you ever be able to afford about 50,000 a month? |
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kja63
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LOL
Not a chance. She will have astronomical student loans and won't make much money while she does her residency. And you make next to nothing.
Just rent an 2 bedroom apartment. What more do you need when you're young & single? |
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Please help
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Call a real estate person. They will tell you what you can and can't afford. I did. |
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[ ImpaKt ]
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first, let me congratulate you for your achievements. When someone even considering a $million house, so it's all good.
Seems like a little risky, if you break every thing down on paper and then you break even, your salaries and all the monthly cost, I wouldn't advise to do so. good luck and i deeply hope, you get what you want.... |
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yroseb
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i dont think you make enough money right now for that. but you can get a smaller house or condo for awhile and when she is a doctor you can get whatever you want. |
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☼High☼Voltage☼Blonde☼
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Unless you're using trust fund monies, I'm thinking - no, you can't afford the house.
But then again, you probably already knew that, didn't you? |
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bree680u1
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Sorry to break the news but there is no way can you afford this house. And the house probably wouldnt not be on the market still by the time your cousin becomes a doctor. |
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NONAME
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This is just ridiculous. She has several years before she's making any real money, since she has to do med school, then get paid maybe $50 grand per year during her residency. So, in 10 years, she'll probably owe $100K in student loans, finally be making some money, and have a $10K/mo. housing payment.
Not a good plan.
But, I can see why it's attractive for you. Working a crap job at crap wages and living like a millionaire at someone else's expense would be attractive to lots of freeloading losers like you.
You should be living in a $500/mo. apartment. That's all your $2080/mo. in income should justify. |
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kateford1980
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If you have to ask, you can't afford it. Living in a smaller house will leave you with more flexibility to travel and have fun. |
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