 Renting is "throwing money away"? Buyng is "throwing money away" too.? |
I just bought my first home in Los angeles and realized that buying is throwing money as well when I considered interest payment, maintenance fees, high property-taxes, and insurance.
A... |
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 What are my options for legal action against deadbeat tenants whom I have already evicted? |
| They owe me $5100. in back rent, $1600. for the electric bill, $3000. damages and legal fees for the eviction. They are a non married couple so may I take them to small claims court separately for ... |
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 I have rented a house with no address? |
| the landlord says he does not know it.. i have tried finding it with an old phone number, i ask th post office.. no answers!! can you tell me how i can find my address or get a new one. plzzz!! ... |
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 Landlord/tenant question? Help!? |
| I am moving out of the apartment that I have lived in for five years. We were allowed to have our two dogs, and we asked the landlady if it would be OK if we put in a doggie door. My boyfriend (at ... |
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 50 year mortgage? |
I'm 33 and my husband is 34
whould a 50 year mortgage work for us.
I heard that is the way to go when buying your first home in Los Angeles due to the high cost homes.... |
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 Trying to buy my first home? |
| I'm a single, working mom who is interesting in buying a home. My credit is okay, but have no money for a down payment. This will be my first home. Are there any programs for first time buyers? C... |
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 Carpet problems? |
Hi,
We just moved into our 'new' house two weeks ago. The seller had advertised the house as having new carpets, and they did look new during the inspection. After we moved in ... |
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 400 square ft. house? |
i'm looking for houses to rent soon and one is fairly cheap ($495) per month but it's only 400 finished sq. feet...that sounds pretty small to me..
do you think it'd be ... |
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 When do you pay the deposit on an apartment? |
| I am looking to rent an apartment for the first time. I am looking to rent with roomates. I am using craigslist as my primary search tool. I am curious as to when exactly do you pay the deposit and ... |
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 What can I do to get a house demolished? It has been empty and for sale for over 2 years.? |
| what can I do to get a house demolished? It has been empty and/or for sale for over 2 years. It is a huge piece of crap and noone will buy it. It is ruining the value of my neighborhood's homes. ... |
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 Can you get an apartment at 15? |
my mom told me there's some legal way, but its rare? like a hardship.
idfk.... |
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 Appraisal too low?? |
| I purchased a home a little over a year ago. At the time I borrowed a loan the appraisal came at $180,000. I'm trying to sell the home now and the appraisal came out to only $156,000. How is ... |
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 Suggestion for bungalow name? |
| it's located on a hilly area, with sea view. there is a total of 22 units. the overall project is call "Island Resort". thx ... |
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 Question concerning real estate? |
| i'm studying to become a nurse, i want to become a real esate agent and make some money on the side... what are your opinions on a career in real esate? i live in new ... |
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 I need a few good ways to add value to my house I have about 20K? |
| I was thinking either a garage with a room above or finish my basement My basement is a walkout so I think that it will double my sq ... |
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 Realestate Contract: Can a home owner back out on a sale if they have signed a contract to sale? |
| We have signed contract to purchase a home from an individual; They are having trouble closing on their new home and are still living in the home we have signed to purchase. If we pay the sum total ... |
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 Buy a cheap house or rent a nice apartment? |
| I'm at a cross roads. For a while I've been thinking about not pissing money away every month and jumping into the market. The problem is that my income situation does not allow me to make ... |
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 I've had a valuation done on a property...? |
| and it said under the general remarks "The property has undergone a degree of structural movement. However this is considered to belong standing in nature and the risk of further movement taking ... |
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 Question regarding terminating a lease early? |
| I wanted to terminate my lease early. I asked the property management company if I could buy out my lease. They agreed. I would pay them 4 months rent on the remaining 11 month lease. Will they still ... |
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Shannon A | How much money is needed for a down payment on buying a $300,000 home? |
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Jason K
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it all depends on your financing setup.
normally, it's best to have 20% ($60,000) so that you don't have to pay an extra premium for Private Mortgage Insurance (PMI, which has nothing to do with homeowner's insurance), but if your credit is good enough you may be able to finance without any down payment.
I would suggest the 20%, but it's really your decision and your situation that will dictate your options. However, there are also closing costs to pay when you close on your new home (expect in the neighborhood of $4,000-5,000; your finance agent can give you much better ballpark numbers) |
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Thumper
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usually 10-20 percent. so, 30-60k. |
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tommy r
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depends on the type of loan , your income and how much you can afford, 20 % or 60,000 will save you PMI , there are brokers that can line up a loan for as little as 5 % down but buyer beware
the more you put down the more equity you retain, have the home appraised and see what other homes in that area are selling for and good luck ! |
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hensen
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Depends, are you going through a bank or land contract, if a bank i would say around 30k depending on credit. |
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ladytoobusytotalk
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This will greatly depend on what kind of mortgage you have. Better to speak to your loan officer about. It also depends on where you live. You may go from 3%-20%. |
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tata
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typically 10 percent
but the more you put as a downpayment
the less your monthly mortage |
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 |
about 40,000 dollars |
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Pal
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I am not too sure about what is being asked these days but I would expect it to be 15 to 20 %. So somewhere around $50K. |
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Dara S
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It all depends on what kind of mortgage you get. If you go FHA- First time home buyers assistance- my amount due was 8% but any other mortgage usually wants a minimum of 10%- so atleast $30,000 for ya |
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