 My lanlord wants me to move out in exchange for money and is offering 5,000 dollars is that the most I can get |
Is there a way that I can get more money from my Lanlord.
Additional Details
He wants to move out because he is remodeling all the apartments and I want to know if there is a legal ... |
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 How much should I charge for renting one room in my condo. Should I request half of the mortgage? |
| I think I found the right person to be my roommate, the problem is that I dont know how much to charge her for rent. I dont know how much people pay when renting just one room. I want to tell her to ... |
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 Process2Get home loan for a 17&19yr. old with good credit? |
My husband and I want to purchase a home. We already have a trailer but want a house. How hard do you think it will be?
Additional Details
Also, I am a teller at a local bank. (If that ... |
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 Who thinks this mortgage bail out is BS? |
| This is total crap. I had a 1 year interest only loan that originated in August of 2005. My interest rate adjusted to a crazy number a year later ( when my plans to move again changed) almost ... |
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 How much money do i need to buy a house?? |
| this might sound ridiculous but i really dont wanna RENT as i feel its a waste of money..im 20 years old and im finishing my 2 years at a community college..i have a relatively stable job with good ... |
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 I rent a condo in Florida and the owners are now selling. I would like to get out of my lease early.? |
| Is it possible to terminate my lease early? I am not comfortable with strangers coming into my home while I am away. I feel this is an invasion of privacy. My yearly lease is up on March 1. I ... |
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 The city wants to build a church behind my house? |
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 First time buyer (interest only or repayment mortgage)? |
| i am a first time buyer, looking for a 100% mortgage on the property. i am very new to this whole idea of mortagage. i want to know whether it is wise to go for interest only on a fixed rate for 5 ... |
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 Do you think the landlord will pick us to move in the house???? read? |
well we looked at the best house, 4 bedroom in country secluded, huge house very very nice fenced in yard and all....
its 600 month+ utilities. we told him we could give him it all upfront in ... |
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 How can first-time buyers buy a home in So Cal where the average cost is over $700,000? |
| Our income is about $70,000 annually and we have no debt other than student loans. We have about $25,000 saved. In an area where an "okay" house will run you about $700,000 - how in the ... |
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 Do you think that the age of the house is important and I should be looking for newer house? |
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 Could we afford to buy land for £16,000 and build a posh property on it? |
| We're a small family, all with average wages. I myself am a full time student who also works part time at a call centre, my mum is a supermarket supervisor and her fiancé runs his own landscape ... |
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 Can they kick my out for this..? |
I have gone over my lease several time and find nothing on it about this..
For the next few months I am going to be late with my rent. Two weeks each month late. There is a late fee of $1... |
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 Do I need a Lawyer while selling my house? |
I am selling my house for cash to an investor.There is a small 15k loan on the house.This means the bank will be involved in the transaction.
The investor is doing most/all of the paperwork.
... |
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 I found evidence of someone sleeping in my new apt, when I went to leave the mattress.? |
| We had been there earlier today to clean and wash windows, etc. I locked all of the windows and the door before I left. Late tonight I was given a new bed by a friend and deceided to take it to the ... |
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 What to do what to do!!? |
| My credit score is at a measely 529 right now. A few yearas back i drowned my self in credit card debt totalling $5,000 that i couldn't pay back at the time but over the past 6 months i just ... |
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 How do i make 1000 dollars in two days? |
| I'm a single mom rite now with two kids and i want to move to this really nice house. I will have money next month but not right now i'm on disability and can't go back to work till ... |
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BingoBanggoBongo | I have an adjustable rate mortgage. Stupid I know. If the time comes to reset how big of a change should I ex? |
pect on my interest rate. Currently it's 9.14%. Current balance: $75,000. In March I will have had the loan for 3 years. |
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Landlord
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Gawd, that really sucks. Can you refi now? What a miserable loan.
If you read your loan you will be able to figure out that the adjustment will be, it is there, in writing.
It says something along the lines of "will not adjust higher then XXX percentage at one adjustment". That one, the maximum allowed in your contract is the one they will use. It is usually 2%.
I would get out of that puppy ASAP. In three years your credit should be good, you can get a normal loan. |
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ESC. Supervisor
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First thing I will tell you is that you need to check your p-note or promissory note. On this you will find the terms of your change and also if you have a prepayment penalty. You can also contact your mortgage company and ask these questions. You will want to know if your mortgage change has caps and what those caps are, also your margin and index as this directly affects what your new interest rate will be. Also ask for the web address for your index so that you can monitor the rates. The way the new interest rate is set is margin+index. Until you have done your research I would tell you to sit tight as many mortgage holders are placing a freeze on interest rate changes for sub prime loans. |
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bianca
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With your interest rate right now over 9% and arm it will be wise to refinance for fixed rate. If you can afford your mortgage payment right now- maybe changing your amortization from 30 years to 20 or maybe 15 you will pay off yor house much faster. If you have any credit issues- try to work with that, so before your arm rate will adjust you can refinance. |
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cheeba0228
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look in your loan documents there should be one listed as a ARM disclosure that would tell you what the "MARGIN" is on the ARM and what "INDEX" it is based on. Simply add the MARGIN to the INDEX and thats your new rate. Although on a small loan like $75000 it shouldnt be much. 1% change would be about $50 change if the mortgage is based on a 30 year term. So even a 2% shift is less than $100. |
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acermill
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Hard to predict, given what has happened with those ARM's of late. By next March, lenders might not be hiking these types of loans up so much, for fear of another foreclosure (of which they now have an abundance). If the past is any indicator of what will happen next March, be prepared for interest rates in that 12-13% area. Start looking NOW for a lower rate fixed mortgage. You are already paying far too high an interest rate. |
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Paul in San Diego
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I have an interest-only ARM on a rental property that actually adjusted down last year. You basically have an index for some investment that is at some interest rate each month (LIBOR, US Treasury, etc.) and some margin (percentage above the index) that makes up your interest rate. If the index goes down, your rate adjusts down. If it goes up, your rate adjusts up.
At 9.14%, which is very high, I can't imagine it going up more than a percentage point, if at all. |
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Ed Atun
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. 9% means you have a subprime loan for people with bad credit. It might not adjust at all since the going rate today is 6.55% for good credit. 9% sounds about right for 2008-2009. |
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9 daughters
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That's a whopper of an interest rate! Current rates for fixed 30 year loans are just over 6%. Have you thought of refinancing?
At over 9% I wouldn't expect much of an increase, if any. It's the people with those low teaser rates that get their payments doubled. |
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Josh
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It depends on the terms of your "Note".
This was the binding contract between you and the mortgage company that was signed at closing. It says "Note" right on the top and it's about 3-4 pages.
Givin your rate is 9.14% and it hasn't even adjusted yet, I'm assuming you were put into a subprime loan initially. The adjustable rates on these loans usually adjust every 6 months after the fixed period has expired. The "Note" will say exactly how much the rate will increase on the first adjustment and what the life cap is. The life cap is the maximum rate the rate will ever be.
If you would like some help with refinancing your mortgage and getting the interest rate fixed, feel free to contact me.
262.923.2261 - Office
jbucio@hmcdirect.com
Feel free to read about other mortgage advice I post.
http://www.genuinelending.com |
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