 Viewed a new rental property today and the estate agent said? |
| if you rent an unfurnished property the council tax will be less than a furnished one. is this correct. or are they lying to try and get us to sign the contract?... |
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 Do we legally have to pay rent while living with parents? |
| I am 21 and finish uni next month. I'm living with parents in a council house, parents are on housing benefit and dont pay rent. Legally, would i be required to pay rent after completing full ... |
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 Homes in Foreclosure!? |
| What are the requirements and steps taken in order to buy a foreclosed home? Has anyone done it and been sucessful? It's it worth it to try and buy a foreclosure as a young couple? Are there ... |
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 Is a cosigner frowned upon for a mortgage? |
Last time I looked at my credit score it was in the mid-high 500's. Both my parents and inlaws have offered to cosign for a home loan and both have stellar credit.
A friend who used ... |
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 What is the procedure for a landlord to evict someone from their apartment? |
| I am wondering if the laws differ in every state? Also, how long does one have to come up with the rent before an eviction notice is served? I don't have 2 nickels to rub together and the new ... |
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| I have 3 Siblings and have been living in the family home for 20 years. All of the upkeep have been provided by me my parents has agree to sell me the house for only $20,000. I have been searching ... |
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 How much do banks usually lend for mortgages? |
| Let's say I make 50K and want to buy a house. I'll put 50% down in cash, but how much do banks generally lend people, and is there a formula for calculating that amount?... |
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 Our lease is up what do we do with all our stuff!? |
| We are moving out of our current apartment and into our new one. however, our lease is up on the 25th and we cant get into our new one until the 1st. what is a good idea of things to do with our ... |
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 Re: Penal Code 602.5. I evicted a tenant from a 9-plex. Is it considered trespassing if she visits a friend? |
| If a tenant was evicted from a 9-plex, and she visits a friend who is still on the property, is she effectively trespassing? I own the property and I don't want her anywhere near it. But she ... |
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 Question for realestate agents.? |
| The realestate market in my city has hit an all time high. Because of this the cost of rental houses has also gone up. The market is now balancing off and slowly starting to go down again. My ... |
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 Is this an emergency maintenance issue? |
| I live in an apartment building and over the weekend my bathroom ceiling started to leak. It also looked like part of the ceiling was drooping. It would stop for awhile, then it seems like when the ... |
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| I have a second home that I use it as a renting one. My Tenant has been there for 7 months and everything is good til 2 months ago, when she said, she doesn't have money to pay me for this month ... |
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 I bought a house almost one year ago, What is equity? |
Where to start or where to go to open an equity on my house?How does it work?
and for what is it good for?
Can I pay my credit cards with it?
What are the good and bad parts about it?<... |
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 Does this seem legal/moral? |
| My husband and I rented an apartment and had trouble with the upstairs neighbors. We called the landlord three times over the issue, and our last call about it ended with her telling my husband that ... |
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| What should i do? Need expert suggestions please? |
| I want to buy a new house, but I still have to sell my old house. I'm afraid that I won't be able to sell the old house soon enough and I would have to worry about paying monthly for both ... |
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 I have a tenant that won't pay? |
| I have a tenant that has hired a lawyer and stated that she will not be paying me my rent for October & November, plus she wants her full security deposit back. Reasons behind this behavior: We&... |
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stevenpdk2000 | I have an adjust. mortgage at 3.875 which is scheduled to go to 5.875 in Sept. Should I get a fixed rate now? |
I'm wondering if I should ride out the next year at 5.875 and gamble that rates will come down the next time my mortgage adjusts in another year. Just wondering what you think rates will go to? |
 |
 
Kaz
 |
I agree with Realestatelawyer on this one. There would be a clause in your mortgage that would not allow it to go any higher than 9.875%. As far ARMS being dangerous???? That is just not true. They are only dangerous for the dumb witted person that has no idea what they have gotten themselves into. Use them right and they will be your best friends.
I would ride out the 5.875%. Maybe add some extra payments onto the mortgage this year as well. I doubt that rates with be anything like they were in the next two years, but we never know what could happen.
Good luck with that. If you still are considering refinancing, feel free to contact me and I could help you out with that. You can contact me at timothy.kazee@americanhm .com. Have a great night! |
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wolfball
|
get out now!!!! ARM's are dangerous |
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Mohit Madaan
|
No one can tell you actually what the rates are going to be in coming year. The only thing you can do here is anylize the market. I am in to this business since last seven years and i believe the interests will go more higher next year and will reach same as they were a 1980's at around 10% or so... So i think this is the best time for ya to refinance and get a fixed loan. 15 Year fixed loans are affordale these days. You can drop me your information at willclose4utoday@yahoo.com and i will get back to you.
Good Luck |
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realestatelawyer
 |
Does your mortgage provide that it can never go up by more than 2% per year and 6% over the entire term of the loan? If so, then the rate can never go higher than 9.875% based on what you've told us.
In Sept. I expect that fixed rates will be at least 7% so you will still be below the market. If you continue for another year at 5.875% then the following September (2007) your rate may climb as high as 7.875%. If fixed rates are below that rate then you can refinance then.
If you choose not to refinance and if your rate cannot exceed 9.875% over the entire term of the loan, your rate in 2008 may still be below the market fixed rate. So it may be a good idea to wait at least another year before considering a refinance. |
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theshadow01
 |
There was an article in my local paper today about all of the expected foreclosures this year from people who have ARMs and can't get refinanced because their property values have gone down since they purchased, but now their rates are adjusting and they can't afford their payments anymore. If you can get refinanced now, please do it. Rates are not expected to come down anytime soon. If property values in your area come down your house may not appraise for as much as you owe, and you won't be able to refinance later. |
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seeker100
|
rates will go up up up |
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jon g
 |
ARE YOU sure ..about the 3.875 sound like a neg am mortgage
Even back couple years ago the best arm out there was 4.25. Check your paperwork . Also look to see if you have a pre-payment . Run your credit report and get all three score. What are your long term plans? If you are selling in a couple of years then stay in the arm. If you plan to stay put for the next 30 years then look at the fix rate loans |
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freedomnow1950
 |
Mortgage rates are going up. Lock the 5.8 in now. It won't get any better than that for a fixed mortgage in the foreseeable future. |
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