 Coming back to the UK? |
and looking to buy a property that I can keep for a few years,for a future family,at least 4 bedrooms looking in the region of Richmond, does any one know price ranges?Is 1.4 mil enough?
Thanks ... |
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 Is there anything I can do to shut my neighbors dog up besides antifreeze??? |
| I just bought a house and my neighbor keeps his dog right next to my house. They have a small yard so it really has no other place to go. They care about there dog I watch them play with it. It barks ... |
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 Does a real estate agent do ANYTHING other than WAITING on your property to SELL???? |
| OK, I know a lot of realtors lurk around here, defending their profession. So, tell me: WHAT the heck are you meant to do as a realtor??? Because every single realtor I've ever used has done the ... |
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 Do I have to pay rent for a house I never lived in? |
| My family was planning to relocate to another state. We found a house loved it, sent a non-refundable "holding deposit" and signed a 1-yr lease with a term from 11/07/07 (when we planned to ... |
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 Can the real estate person really do this and get away with it? Should we pay him? |
| We signed a 90 day contract with a real estate agent to sell our home. During that 90 day period he was supposed to advertise three times in the local real estate magazine -- well he goofed and ... |
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| Please help? |
is $5300 too much to pay for all closing costs ?
my GFE reads $4800, now the loan officer calls and says they added $489 more to cover the survey costs..! what do i do ? should i pay it or just ... |
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 Is this true? |
| I heard that it was easier to get a loan on a house than a car.... |
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 How do I find out if anyone has died in a home we are purchasing? |
| We are about to purchase a home. I watch to many of those haunting shows like Ghosthunters and Paranormal state so I want to find out how do I find out if anyone has ever died in a home? Is there a ... |
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 I have just had a homebuyers report done for a house, the value is alot less than our offer, can we negotiate? |
Additional Details
the report has shown things like needing a new roof. this would cost a few grand to do and also the property value is about 13 grand below my offer.
can we ... |
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 My fiance and I are buying a home, but I will not be on the paperwork? |
| We are going to get married this year, so we are buying our home. In the midst of this, I lost my job at the time we were filling out the loan forms. My fiance makes enough money to qualify alone ... |
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 Is it legal to rent a house if you are paying an interest only loan? |
| we rent a house and just found out that the owner is on an interest only loan, he just bought it and we are concerned that he has illegally rented it to us. Should we be? and what happens if the loan ... |
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 Need help with landlord dilemma? |
| My husband & I have always paid out rent on time. Last month was an acception due to an emergency. Now my landlady claims that we have bounced the rent checks for Aug. & Sept. She took our ... |
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 Should one buy a 100,000 flat in central London? |
I'm looking for a flat / house at the price of about 150,000 - 170,000£. With this money, I expect to live far from central London.
But I was surprised to find one can still buy a ... |
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 Is it possible to sell your house "By Owner" if you don't live in the same state as the house? |
| Cut to the chase: our house is located in the Denver area. We now live in the Kansas City area. Our house has been for sale for eight months ... no nibbles. Is is possible to try to sell it ... |
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 My realtor finally told us what the prob is with they buyer not being able to get a closing date on our home.! |
| I have posted the ? about "why has the buyer of our home not been able to get a closing date from her mortgage company for over two weeks?" We were supposed to close on 9-29 and it keeps ... |
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 Buying a house w/huge CC debt? |
A family member would like to buy his first house w/new wife. I believe they have over 60K in CC debt, but have good credit. What is the likelyhood of actually buying a house?
Additional D... |
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 Should I move home? |
I live in share accomodation in East London and would really like to move to Canary Wharf.
That would cost double what I pay now in rent. Currently my rent is about half a day's pay, ... |
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 How do I afford a home in California? |
| I am considering moving to San Diego. I have $140,000 to put down on a house. I am terrified that I will not be able to live. I can only pay around $2300 a month including taxes and insurance. I have ... |
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 Is my landlord required to supply working appliances? |
| I signed a 1300 p/month lease for a town house that had a washer/dryer/dishwasher stove and fridge. i was told they were all in working order. Upon moving in I learned only the fridge works. I ... |
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RD | If you're buying a house, is it better to take out a loan or pay cash? |
I've heard that there are good tax breaks if you have a mortage. Do they offset the interest that you'd be paying when you take out a loan? Which is better, cash or loan? |
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angela R
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If you can pay cash, than cash is better....Remember, you won't have a mortgage and you will OWN your home, if you get into financial trouble, you won't worry about losing your home...I paid cash for my home and it has made my life so much easier and stress free! |
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shaundy1714
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I say a loan for this reason.. That loan can help you in many ways from increasing your credit to helping you to get cash for other things you want to do once you have enough cash from the other things you do then you can pay of the loan. Its a stepping stool not a crutch. |
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lushy
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read tips on real estate, loans and mortgages to help you more on this site |
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Nevada Pokerqueen
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Loan is better but if you want to keep the payments down offer a larger deposit. You will get tax breaks and many times interest can be written off. Also if depends on whether this is your primary home or second. Second homes can have many write offs.
The other draw back to putting all cash in is if you decide to sell it. It forces you to either get full cash out or carry paper. And you would have to get a very large deposit and most can not get that much cash to buy a home. You limit who can buy your home.
I like to save my cash and use it for other investments. Make the cash work for you. When it is just sitting in your home it is not making you money. I use the cash to buy more Real estate to rent out or flip.
Talk to your accountant. |
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Wayne Z
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I my opinion, you never want to pay interest just to get a tax break. You never come out ahead. If you are in the 25% bracket, paying $10,000 in interest saves you $2,500 in taxes. You are still out of pocket $7,500. There are other factors such as the anticipated mortgage interest rate versus what you make if you invested the cash but, in my opinion, if you can pay cash, pay cash. |
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cmc1217
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As many others said, the tax break will not equal the interest paid, so that alone is not enough reason to get a mortgage. (Note - even if they exactly equalled each other, you'd be letting the government hold the money interest free for a year until you got your refund, so that doesn't make sense.)
However, it depends on what you want to do with the money if you do finance your house. You would need to calculate the actual cost of interest (total interest paid minus tax relief) and compare that to the expected return on the investment you would make with that money to determine which is higher / better for you.
A financial advisor could help you look at some investment options (and their risks) to make that determination. Check with friends to see if anyone can recommend a good advisor. |
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blondie21_97504
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There are some good tax breaks if you are buying a house. You can write off the percentage rate, If you take anything into say goodwill to donate it get a reciept for it because being a home owner you can write that off too. There are so many perks to owning a house. Any repairs that are done to the house can help you on your taxes. Here is a site you can go to and research it
http://www.bankrate.com/brm/itax/news/20030207a1.asp
Hopefully this will answer your questions. |
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ondreforsure
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put 35% down on the home and finance the rest. Keep your loan conforming and when your at 65% Loan to Value your getting a great rate. Don't tie up your money, start a business with it and make it multiply. Let me know if i can be of any assistance with the financing. |
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astrosfan57
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Well, the answer depends on what you are going to do with the cash if you don't put it all into the house. It also depends on your age and if you are close to retirement. Most of us don't have the option of paying cash so we get a mortgage and make the payments out of our income. Then the mortgage interest that we pay can be used as a tax deduction to reduce our income and thus reduce taxes. Also, if you have enough money to pay cash for the house you have to consider that mortgage interest rates are very low right now. So if you are a savvy investor you could take out a mortgage paying only around 6 1/2 percent interest, then invest the cash and over the long run you should come out ahead, especially if you are in a moderately high income tax bracket and can deduct the interest expenses.
Please realize that this is a very generalized answer and that only a financial adviser who knows ALL the facts regarding your specific situation can give you personal advice. So you really need to consult a professional before you act on this matter. |
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Artguer
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The way you should look at it is like an investment. If you get an mortgage you have to calculate your interest. Now if you pay cash you have to compare if the interest you could earn after taxes is more than the cost of interest on your mortgage. Usually it is better to pay off your house, then borrow against it and invest. The cost of interest is tax deductible against any gains you make on your investment. |
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Amanda SSS
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If you have cash then you should pay cash. No matter what the tax breaks are, you aren't paying interest on the loan. |
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Caitylane
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Cash is better. You get a tax break on the interest you pay on your mortgage. If you pay cash then you won't have interest to deduct on your taxes, but even with the tax breaks, you will still wind up paying more in interest than you will ever get back in tax breaks. |
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