 What is the highest amount a landlord can charge in late fee ny? |
| Landlord is charging $45 intial fee then $5 everyday is that legal. Has it in ... |
|
 If you break your lease or get evicted does it effect your credit report? |
| I am curious to what happens in these cases. I am trying to get out of my lease but I don't know if it goes on your credit or if you have to pay. I have one more time to be late and they will ... |
|
 This is a serious question. Does anyone want to give me a house in England? |
I don't mind where.
I'm trying to reduce my outgoings so having a free house will be great for me and my family.
I guess we could always sleep in the gutter tonight!!... |
|
 How much should I charge for a pet (puppy) deposit? |
| Renting a 2bd 1 ba house with yard. The girls want a puppy and are dead set on it. I'm going to allow it but I'm not sure how much to charge. I'm mostly worried about the hardwoods, ... |
|
 Is it better to be married when applying for a mortgage? |
| My fiance and I are getting married in September but we have already been preapproved for a mortgage and have started searching for a home. However, we found out we weren't eligible for a ... |
|
 Rent, Rent to Own, or Buy? |
| My apartment's lease is up in February. I am looking for a place for just myself. I don't understand the whole process of buying a home/townhome/condo/loft, so the first thing I want to ... |
|
 Landlord kept more of deposit than agreed upon.? |
We did the walk through in our apartment when we moved and the ditzy manager said it looked great...just $90 to clean the carpet and $10 to patch a couple of holes from hanging pictures.
We had ... |
|
 Does this suck or what? |
| Ok, we are renting a house and our lease isnt up until next June. The land lord moved out to California because his child was suppose to be in a movie or something. Well I guess that it didnt work ... |
|
 Buying a home? |
I'm so excited I can hardly speak! We're about ready to start the process on buying a home.
We've run our credit reports (mine is 832) and have a list of homes we'd like to ... |
|
 As a pregnant woman, do I have any legal right to stay in rented accommodation after notice is served? |
| My landlord has just served notice and my partner and I will have to move out three weeks before our baby's due date. The landlord has not breached our contract in any way but I'm wondering ... |
|
 Is it possible to waive inspections and appraisels? |
| Im an investor and I want to buy a house asap is it possible to waive inspections and appraisels in michigan.... |
|
 Ok would it be stupid for me to buy a small house if im in debt about 15k? |
| I want to take advantage of the the buyers market but i still have credit card debt ...I just want to buy something inexpensive would it benefit me?... |
|
 I want to walk out of my home, my bank bent rules to Fund my HOme Loan.? |
I bought a home in 2005, i put 20% down to acquire Loan, i did not qualify for the loan amount since it was 55% of my monthly income.
the bank still funded the loan and we moved into our home. <... |
|
 I need help getting out of buying a house? |
| My wife and i are first time buyers and kind of rushed in to things and made an offer on a house they rejected our offer and countered it then (24) hours later they accepted our offer. and we said ok.... |
|
|  |
patience3987 | Home Appraisal Question. Appraisal Higher than asking price? |
The house we're buying just appraised at $11,000 more than the asking price. We offered, and they accepted, $166,000. Home appraised at $177,000. Lender says that's great! What are some advantages on this difference? |
 |
 
W. E
|
The advantage is in knowing that you have equity in your home already....Don't let the seller know what it got appriased at - ok - - -Now - if you needed help with the closing cost, that is another matter, the seller could help with closing cost, and you would make a offer to the seller to adjust the purchase price....I do not recommend this - but it has been done in the past, expecially if you already have your financing approved. The advantages is down the road, if you wanted to do a line of credit - you have the equity of 11,000 to use - for newer carpet - etc.... I would just let it build since home markets are on the rise in different areas, and on the decline in others. Good Luck. |
|
Paula M
 |
instant equity! good for you. Initially it means you are $11,000 closer to the 20% loan to value....instead of 20% of 177K, you only need 20% of 166K
20% of 177K = 34K vs
20% of 166K = 32K down to avoid PMI or piggy back loan.
Make sure that your loan does not require you to keep the PMI for a minimum period of time if you don't put 20%....given the value, you should be ready in 18 months to pay $300 for a new appraisal and then drop the PMI
I don't think piggy back loans are a good idea for what its worth. |
|
Styll
 |
tha mount of money you borrowed will be less than the house' value...hence saving you money in the rate of interest and no PMI....you could also borrow more. |
|
?
|
It means that you have $11,000 more equity in the house than you paid. |
|
answerman288
 |
advantage is for the government..you will pay higher taxes on the property. There is an advantage if you want to sell in a couple years. fha first time buyers can get approved up to the aappraised . If I was you I would list the house as soon as you close for 187900 and settle for 177000 . pocket a couple grand and go buy another house |
|
cutiepie81289
|
you already will profit with it being higher especially if you go to sell after you buy you would make out on the deal. |
|
Jeep Driver
|
The advantage is, you have just paid $11,000 less than you could have. Another one would be you now own something worth more. Your insurance will be a higher premium, your taxes will be higher etc...Not good things!! |
|
Angie
|
You have $11,000 equity in the home which is great if you ever plan on selling it. But keep in mind that just because a house appraises for a certain price doesn't mean you will get it. |
|
Rich Dad Fan
|
Some advantages:
You are walking into a house with equity without lifting a finger.
You do not owe the entire amount that the home is worth.
If the market is good, you could theoretically turn around and sell it for it's appraised price and walk away with $11,000 more (minus closing costs and fees) than you had to start.
You can cash out on the equity if you need the money to fix up something. Ask your lender for options if this is what you want to do. |
|
toe poe gee gee oh
|
It is no big deal. The market fluctuates. The appraisel isn't that far off the accepted price....and if the appraiser works for the real estate agency,...then you have an obvious tactic on their part ...to keep you interested. Consider the interest you pay on a loan for this house...when you sell....even if you did get $11k ...so what? You will have paid more for interest , any land tax and maintence on the house. I would get a second appraisal , even a third if it means so much to you. They can vary greatly. |
|
Free Advice
|
Ask seller to credit toward your closing cost. |
|
nswanson1980
|
The advantage to having a higher appraisal is you will be able to build equity in your home more quickly. Additional equity means you can apply for a home equity line of credit or refinance to avoid PMI, if you loan is over 80% of the value of the property. |
|
G P
 |
No advantages. You will pay higher taxes. The appraisal value has nothing to do with the equity you get out of a home when you sell it. If it did don't you think the seller would have wanted the appraisal price. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
13 | 17 minutes(s) ago
| | | |
13 | 22 minutes(s) ago
| | | |
13 | 52 minutes(s) ago
| | | |
13 | 3 hour(s) ago
| | | |
12 | 5 hour(s) ago
| | | |
13 | 9 hour(s) ago
| | | |
13 | 2 day(s) ago
| | | |
13 | 3 day(s) ago
| | | |
12 | 1 week(s) ago
| | | |
13 | 1 month(s) ago
| |
|
Homepage 
Financial
Forum 
Renting & Real Estate 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
