 Is there a way to sell a home and acreage in Texas without paying a commission? |
I want to sell my home and acreage in South Texas without paying a 3%-6% commission. Is there a way to list it online?
I looked up for sale by owner, but I would still have to pay the ... |
|
 Landlord evicted me.no notice.? |
| roomate said she paid my half, but didnt. lanlord told me i had to leave. i went to a friends for 1 day, came back & he had moved all my stuff to a storage. he made me pay him 300.00 to get it ... |
|
 How is this legal? Any suggestions on getting this agent back? |
| I was the buyers agent on a single family home purchase. An agent in my office who knew my buyer, went to the buyer and had him cancel the purchase, then he rewrote it with the buyer's brother-... |
|
 Can a landlord do a credit check? |
| We have had some really hard times and have to file bankruptcy. We are filling out an application for a apartment but there isnt a consent for a credit check but they do want our ss# can they turn us ... |
|
 Help selling my house!? |
| We've had our home near Clearwater/St Pete FL on the market for almost a month. It's a terrific family house that's close to the beach (but no flood, no evac) with 4 bdrms and 2,140 ... |
|
 Applying for mortgage as fiance/fiancee....instead of married? |
Quick snapshot of our situation...
We are looking to purchase our first home next year when our current home lease expires around May. She has excellent credit (+750 FICO) and I have been ... |
|
 Who replaces carpet when you rent a home? |
| i have rented from same property managment company for 10 years. house needs painting and carpet has never been replaced. is this the owners responsibilty and after how long should it be done?... |
|
 Should real estate 'house flipping' be outlawed? |
| I have an adverse opinion to this real estate practice of buying a house, holding it for 90 days and then re-selling at large profits. I believe this practice to be dishonest and one of the reasons ... |
|
 I am buying a house!!? |
I am buying a two bedroom house in swansea, it's on the market for 96,000 and i've been approved a mortgage for this amount and i have put an offer in, which has been excepted.
A... |
|
 Cost of owning a home versus renting a home? |
What is the real cost of owning a home verses renting
Additional Details
I guess what I am asking is what other fees are there in owing a home. Is tax a major issue etc.... |
|
 Rent increase before lease is up? |
| do i have any rights if my landlord increases my rent before my lease is up? i thought while under a lease rent couldnt be upped until my lease is up. I have no problems with my landlord except he ... |
|
 Can I break my lease? |
| I live in Owings Mills, MD. My car has been hit multiple times outside of my apartment. Also the other night my fiance caught a man trying to break into my car. I also recently got a new job and ... |
|
| I got accepted for mortgage, and i asked seller can i have house for 220 k instead of 225k.? |
| she said no too me, it was meant to be a private sale and she is my mothers next door neighbour. My point is house value is 225k and shes asking for 225k surely 220k isnt a bad offer.. i thought that ... |
|
 Can I get rid of Private Mortgate Insurance now? |
| Hi. We bought our house in 99 for $145 k. We then refinanced and took out a loan in 03 - so our new loan balance was $210k. Our current balance on the house is about $198k. We're still ... |
|
 What is better - renting or home ownership? |
| I've been throwing a lot of money in the past few years at renting places to live. I hate to think that this eats up a good piece of my budget. I was wondering if it'd be easier to own a ... |
|
 Is there a fee for using a realtor when purchasing a home? |
| My fiance thinks no, and that the fee is paid by the seller. It seems to me that the seller would tack on the fee to the selling price so ultimately it is still the buyer that pays it in the end. T... |
|
|  |
KJB | I just made a mortgage payment on 4/29/08. Is that for April or May? |
Basically I want to know if mortgage payments are made in arrears or paid ahead? And we also pay into our escrow account at that time, is that the same as the principal & interest in terms of paying in arrears or ahead?
Additional Details
Well, now I'm thoroughly confused! Here's my situation in full:
Closed on a new house May 2. We received a credit for 2 days of interest. Our first payment on the new home is due June 1.
Our current condo is sold and will close on May 28. So, what I'm trying to figure out, is will we need to make another payment on May 29 like we normally would? Sounds like the answer is yes? |
 |
 
BoomChikkaBoom
 |
Arrears on interest, and escrow being ahead as it is being escrowed in advance.
Monthly interest on mortgages is paid after the month it is for.
For example:
You close on May 15th. At closing, you would prepay the interest from the 15th through the 31st.
Your first payment would be due on July 1st ... for June interest.
If you paid your April payment on April 29th, you would be paying your March interest.
If you paid your May payment on April 29th, you would be paying your April interest. |
|
Steve W
 |
Wow....is there anyone here that works in the mortgage industry? Mortgage payments are paid in arrears. Your May 1st payment, although due in the month of May, covers your principal and interest according to your amortization for April 1 thru April 30th. For all of you who have a mortgage, think of the 1st payment you had on your loan. If you close January 15, you had to finance interest through the rest of January and then you didn't have a payment due until March 1. And why is that??? Because your March 1 payment went to cover your principal and interest for February 1 thru February 28. |
|
Rachel
|
For the mortgage, that would be May's payment. I don't have escrow so I don't know about that. |
|
estielmo
 |
Which month do you owe for? |
|
mike
 |
when you make your mortgage payment you are alwyas one month in rear... if you pay july you are actualy paying for june.. |
|
tampabaycreditdoctor
|
If you closed on May 2nd, you received what is known as an "interest credit." You would have had two options, the first being an "interest credit" and the second being "prepaid interest." There is a daily interest charge known as "per diem" and had it been set up as prepaid interest instead of interest credit you would have paid 29 days of interest in with your closing costs and your first payment would have been due on July 1 and that first payment would include all off the interest for June. You run a month behind. That being said, let's say you sell the house and close on the 15th of the month, then you will owe 15 days interest for that month, this is known as "interest due." The thing to remember is that interest " never sleeps" and it's commonly computed daily. |
|
Christina
|
Well, first it depends on if you've been making your payments on time. If you've already made a payment on April 1st than this would be for May's payment. Yet, May's payment is for interest accrued in April because interest accrues in arrears. . . let me explain.
Say you closed on your home on the 15th of January. When you close the mortgage company wants interest paid up front from the 15th until the 31st. This is because they want your first payment to start only as one payment worth of interest, not the first month plus those 16 days. So in this example, the first payment will be on March 1st for the interest accrued in February. They take your fixed payment . . . pay the interest in arrears and apply the rest to principal. This also explains why the longer you pay on a loan the more that eventually gets applied to principal. I can go into that too if you want . . .
As with the escrow, it's not really the same, but we can call it ahead. What they're doing is putting money into an account for you to pay your insurance (usually do in January) and your taxes (usually payable toward the end of the year, September or October). So, instead of them leaving it up to you to pay those bills, they add a certain amount to your principal and interest payments each month, so that when the bills are do they have enough waiting in the account. |
|
hamsterbabies
|
You always pay ahead. Per the Note signed at closing your payment for the month of May is due by April 30th with a 15 day grace period. |
|
à®â™¥ #3 came early!! 12~8~08!! ♥à®
 |
Unless you told them that you wanted the payment to go toward Aprils payment they automatically put it toward the following payment. So if you didnt pay Aprils payment it has now been 30 days and likely was reported and that will drop 100 points approximately off of your credit score. It's always best to keep in contact with your lender through any problems like that so that they know whats going on and can work with you to try to avoid anything happening out of lack of communication.
Yes you will owe that last payment minus the one days$ worth lol which shouldnt be much. Or at least I'm pretty sure you would owe it. If they didnt pay it off when you bought your new one then yea you owe it. |
|
x.k.x
 |
you have to pay ahead so its the mth of may your payin for. |
|
bud68
|
Ahead. The payment due May 1st is for May. |
|
Sue B
|
It is always ahead, they dont want you making payment behind. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
12 | 40 minutes(s) ago
| | | |
12 | 2 hour(s) ago
| | | |
12 | 5 hour(s) ago
| | | |
12 | 8 hour(s) ago
| | | |
12 | 1 day(s) ago
| | | |
11 | 2 day(s) ago
| | | |
12 | 6 day(s) ago
| | | |
12 | 1 week(s) ago
| | | |
12 | 2 week(s) ago
| | | |
12 | 2 month(s) ago
| |
|
Homepage 
Financial
Forum 
Renting & Real Estate 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
