 Advice needed? |
| i signed a 12 month contract on a flat in november last year, but moved out in august as i have bought a house. I contacted the estate agent for the flat and they said i still have to pay the rent, ... |
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 Are the reason why people live in council/housing association propertys because they all have low income? |
| I got told that people who live in council houses is because they have low income coming in? But do some people choose to live in council/housing association because they would prefer to rent than ... |
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 I was illigally evicted from my apartment by my roommates. I wasn't on the lease. What can I do? |
| I came home one day and was denied access to the apartment. I called and asked why I wasn't allowed in. They told us that we could not live there anymore and wanted all of our belongs out by the ... |
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 What is this tenant up to? What is he trying to accomplish by his actions? |
| We have been renting a house to this male tenant. He has not paid rent for 3 months now. He doesn't speak to us about maintenance or repairs that need to be done inside the house. We have called ... |
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 About to get evicted with 5 month old baby.....? |
| My and my fiancee are going through a hard time, our car was repossessed, he lost his job, and i have yet to find work since having a baby girl 5 months ago. we are 2 months behind on our rent and ... |
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 Does my ex have to buy me out of our mortgage? |
| I have lived with my finace (OOOOPS Ex Fiance) for 2 years now and he has paid the mortgage all that time, I put down the initial deposit of £13,000. Now that he is leaving, I want to take over the ... |
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 Who will be in charge to inspect our apartment when we move out? |
| By the laws and common practice, who exactly will be in charge to inspect tenants apartment when they move out and decide to charge tenants for something? Property management or the third-party such ... |
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 Whats the typical commission charged by a realtor to sell a house? |
| This is for a home in San Antonio, TX. Should it be 6%? Is there a cheaper way I can list my home for sale?... |
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 Whats the minimum age to live in your own apartment..? |
| I live in Connecticut and i am wondering whats the minimum age to live in my own apartment with or without a roommate.Also i WOULD be able to get my parents to sign off on any papers.... |
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 Balance Due at my former apartment complex? |
| I recently vacated an apartment complex in Katy, TX and forgot to pay the "early termination" fee for getting out of my lease early. I cannot get anyone from the complex on the phone to ... |
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 How long can house prices rise for? |
| For instance in my town (Witney Oxon) the house prices continue to rise even theough the average salary is too low to rent let alone buy a house. Also people are being made redundant in manufacturing ... |
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 1st Home decision - Buy a condo or home? |
| I wanted to get some opinions on whether to buy a condo or a home. This is my first time and I have a limited budget. The condo is in a upscale neighbourhood and the middle school is very good. The ... |
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 18 years old want to buy foreclosed home? |
| Im 18 and I want to buy a foreclosed home so I can rent it out. My mom would give me the money (because I dont have a job) so I can buy it and fix it up. And she would let me sell it and get the ... |
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 Moving to a new apartment in a week, just bought a puppy...? |
| Im moving into a pet friendly apartment in a week. Right now the apartment I live in is NOT pet friendly. I just bought a new puppy and the pet store will only hold her until today.(I know, I know I ... |
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 Can i afford to live in a £350 a month rent on a £600 wage? |
The flat has 1 bedroom, 1 bathroom, 1 kitchen
Additional Details
Wow! thanks for the help. The flat is a ground floor studio apartment. Other people will live above me, so council tax ... |
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 Myself and my g/f are looking to get our own place.....? |
| i have moved out before into a flat with a mate! And she has lived in Australia for a year. What do you think is the best option, rent for a year to make sure we can live together or go straight in ... |
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| Upfront 6 months rent? |
| Do you think that an apartment would allow me to pay upfront 6 months rent, on a 6 month lease? I am planning to move out of state in July, and quit my current job of 17 years. I will have all the ... |
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 Apartment Legal Question? |
| I moved from my old apartment complex in May of 2006, at that timeI provided them my new address and contact # because i knew i was going to own money for minor damages. In august i recieved a letter ... |
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Colin | If you buy a home on a mortgage, do you have to keep it until it's paid off? |
I am thinking of buying a house on a mortgage, but I am quite reluctant to do so. Do I have to keep the house through the full term of the mortgage, or can I still sell it midway through? |
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lidlwig
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you can sell it at anytime, but once you sell it the proceeds from the sale will first go to payoff any loans (mortgages, equity loans, lines of credit) that are against the property before you receive any of the proceeds yourself |
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JustPeachy !!!
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You do NOT have to keep the house through the full term of the mortgage.
If you decide you want to sell the house, you sell it, and pay off the mortgage using the money that you got from selling the house.
There are many, many people who sell midway through. |
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Lori E
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You can sell anytime you want to. Best to keep it a few year to gain some equity or else you will lose a bundle. When you decide to sell, the bank loan/mortgage gets paid off first and the balance/equity is yours. |
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Mommy
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Yes, you can sell it. You just have to pay the loan off with the proceeds of the sale. For example, if the home cost you 500k and you sold it a year later for 600k, and your loan was an interest only loan (no principal pmnt) then you would pay your lender 500k and keep the 100k equity. |
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Sammy&Pete
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No you do not have to keep your house. You can sell it and the profit from the sale will pay off the debt and anything over what you owe on the loan will go to you....Also, if you keep your house for a few years it hopefully goes up in value. That is called equity. |
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Leo F
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You can sell it the same day you buy it, if you want. |
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I_Love_McRedneck
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You can sell it any time you want.
You just may have to wait until you build some equity in the house first.
You need to do a LOT of research, you're nowhere near being ready to buy if you're asking these kinds of questions. The more educated you are, the better your decision will be. |
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sophieb
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yes, you "can" sell it midway through. When you pay on a house you pay more toward the house from the start than you would toward the end (and monthly you pay PITI...principal, interest, taxes, insurance). People usually don't work toward paying off their house sooner because you get money back from your IRS taxes each year when you own a home. |
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Judy1
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A large percentage of homes are sold before the full term of the mortgage. As part of the sale closing process, the mortgage is paid off from the money the new buyer is paying for it.
It gets a lot trickier if the value of the house goes down to where your mortgage balance is higher than the value of the house. |
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ijokey2000
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No you can sell it, and then pay the mortgage company the amount you borrowed , and if there is anything left over, that is your profit. |
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markeyjunk
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Get this. You can buy it, hold it for 1 year, get it reappraised and then get a new mortgage that will give you your money back.
Only in america. |
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Andrew G
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Of course you can sell it but you have to deal with your broker that is why you don't want to pay more than the home is worth and hopefully it will appreciate in time. |
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Hurley2012
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No, however it might be difficult to sell depending on dozens of factors. |
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goaltender
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Where are you getting your information? Practically every home owner in America has a mortgage. Do you really think they're paying off this debt before putting up a For Sale sign? You need a few lessons in the world of finance, my friend. |
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♥☺ bratiskim∞! ☺♥
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I'd think you can still sell/buy another house and things would just transfer from one house to the other. Ask your banker to be sure though. |
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Lance
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No, of course not. |
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Loren S
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no, you may sell it but the person you sell to must take over the mortgage. |
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