How long is someone obligated to give you your rental deposit if you never moved in the unit? I gave a friend who i was supposed to move in with $1500 for first and last months rent.
We recently started looking for a house. We called the listing agent on a house we found online and met him to look at the house. We decided to put an offer on the house and he agreed to help us do ...
I have been renting in london for 2 and 1/2 years now with my fiance, we have recently moved flat and where we are now is really nice but i still pay my rent grudgingly as i wish I was paying a ...
something a bit fishy going on if you ask me !
this should be in reality telly but it wont let me change the catagory, why not??? yahoo whats going on????...
Mine is the only name on the mortgage can I go to the same Title Co. and have her name removed since I was the one who decided to place her name on the title?...
I am trying to sell my flat and I’ve been told I have too many things in my flat. It is tidy but I have things like ornaments, boxes and extra things around my flat. When you sell property is it ...
OK - My mom is insisting that since i would be a first time home buyer that I would qualify for a lot if I would try to get my first house. I have been SLOWLY getting bills paid off and getting ...
My house was foreclose and auctioned for $264K and I have a balance of $477K. According to some state laws, I am liable to pay the difference. Is this correct? What are my legal rights? Do I go ...
Reading bits here and there about the falling dollar, the real estate and fraudalent mortgages collapse, the almost $100.00 barrel of gasoline, and the heavy foreign investment in our own economy, it&...
I have a 6 month tenancy agreement (shorthold) between me and my tenant. He has been in the flat for five years and only ever signed the agreement once when he went into the flat. Should I have ...
mick
If i have 80k equity in my house and i owe 70k ,i want to buy a house 4 170k how much would i owe?
equity (is the difference between what you owe and what it is worth)
So to truely know the equity, is to sell your house... and what you have left is equity. Since house prices are not fixed, it will be based on the sale price of your house. Lets make a set of assumptions:
1) You ask 150K for your house when you sell it
2) you actually sell it for 140K (thus is life)
3) You pay a realtor 6%
4) You owe 70K on your house
5) you pay 4K in closing cost on the new house
140K - 6% (8400) - 70K = 61600 (real equity)
NEW HOUSE
170K - 61600 - 4K = 104400
Answer $104,400
paobay
Are you going to sell your house? and buy the second home?
If you are selling the first house, then you will get whatever the money you are making and put into the 2nd one, then you will owe whatever is left in the mortgage.
If you are purchasing the 2nd home, then you will owe as much as the selling price...
jamla
easy 160 but could be lower after all fee's taken out.
amtusS
I am not good in sum & figures
Moondog
Ok. You have lost me here. This isn't even 3rd grade math.
lulu
depends on what you are selling your current propery at ? without this figure, hard to advise
Alterfemego
DA
unknown friend
well lets see....
80K paid
70K Outstanding
150K total
you sell for 150K but still owe 70K then purchase a house for 170K less the 80K you get from your equity.
You then will still owe 170K(price)-80K(equity) + 70K(outstanding debt) so you will still owe 160K
You may want to stay where you are until you have paid it down a little more.
Scott K
between $20K and $100K. we don't have enough info. You would owe the purchase price of the new house (plus closing costs) less the selling price of the old house (plus closing costs.)
Homepage 
Financial
Forum 
Renting & Real Estate 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
