 Who here lives in a rich town? |
| and what is its median income or house price?... |
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 Im being evicted in 10 days.. Help!? |
| We have just been served our eviction notice, the baliffs have only given is 10 days to get out. Went to the council yesterday to sign for temporary accommodation, but the problem is, we have 3 dogs ... |
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 Are realtors and brokers just useless middlemen? |
| What exactly is their profession that allows them to take 3-6% out of a sale? Did they go to college? Did they build the house? And what exactly do they do? Open doors? Shake hands? Be somewhere 9-5? ... |
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 Neighbour parking outside my house??? |
i live in a terraced house in a corner! and we have garages behind the house ...
i cant park infront of my garage because it wasn't built properly and if i park their it will block ... |
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 How to get my house to sell????? |
| ive reduced drastically like 60,000$ i have a 4/3 all wood new floors on 1 acre in vero beach florida,great schools everything i even brought a home stager to design my house it shows well but no ... |
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 I don't want to sell my home anymore.....? |
| We are currently at the end of a 6 month contract with a realtor to sell our home. We have had very little interest, and no offers to purchase. We are now in a situation where would rather keep the ... |
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 Can we file and ethical complaint against a realtor who was working for the sellers of a home we bought? |
| When we closed on our house 3 months ago, the seller's realtor told us that in exchange for letting them live in the house for a month after closing without paying us anything, the sellers were ... |
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 Our vehicle was repossesed The loan company still wants the balance on the loan. can they do this? |
Our vehicle was repossessed. The loan company sold the vehicle
and now they say we are responsible for the balance of the loan.
Is this legal?... |
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 I have a serious question about buying a home |
| My husband and I are looking to buy our first home. We looked at a foreclosure that is $50,000 (we live in central wisconsin). It has a nice 2 car garage, new roof, new siding, new windows, and is ... |
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 We were just informed that the house we are renting is being put up for sale? |
Is it reasonable to expect our moving expenses to be covered? Including the cost of utility transfers?
Additional Details
Apparantly, the owner is ready to be done. The rental company ... |
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 Why can't I get a loan for a 35,000 house? |
| It seem all lenders have a minimum purchase price. The house is a great deal (no damage, needs new carpet only). You would think a lender would want to give me a loan.Its 4 BR 2 story. But they say ... |
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 Can landlord enter my apartment at will. i live in florida and I refuse to pay anymore rent, im not on a lease |
| im not on a written lease or anything just verbal, when i moved in me and my landlord had a verbal agreement on rental terms such as direct tv (cable t.v.) and all electric is included in the rent ... |
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 Can landlords renew your tenancy month by month? |
| I spoke to my estate agent today and they said my landlord wants to renew my tenancy month by month and I won't need to sign a new contract with the agents. Sounds dodgy to me, Can anyone help?... |
|
 What's the advantage of moving out? |
I'm planning to move out for a next few years. Once I do that, I'll never contact my family again. That's the best I can do.
Additional Details
The question is what'... |
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oliveoil | If your house is paid for, do you have any equity in it? |
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 |
 
Here2Help
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If your house is "free and clear", meaning that you owe nothing on it, the equity that you have is the value of the house. If you sell the house, you get the money, which is the equity.
Example: House is worth 250,000 You owe 0... You have 250000 in equity. You may not be able to pull out all 250000, but you could pull out a substantial amount, maybe 85,90% in cash depending on your credit....
If you owe 125000 on the same 250000 house, you would have 125000 in equity, or 50%....
Hope this helps... I am a loan officer, if you need a loan, let me know! |
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DB
 |
If it is all paid off then your equity would be the amount that it is worth |
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Mx2
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Yes of course. Equity is the value left in your home after the loan is satisfied. for instance if your house is worth 100K an your mortgage is 75K, then you have 100-75= 25K equity in your home.
If there is no loan, the term equity is not used anymore. But you can use the whole value of your home = 100K |
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someone
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Yes you do. That is why buying a house is such a good investment, as long as the value does not go down. |
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Job Lowe
 |
Equity is the part of the house that you own. For instance, if your house is worth $297k and you owe $150k on it you have roughly 50% equity in the property.
In your example, you have 100% equity in the home (unless of course, you have a tax lien against it or something) |
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nyxcat1999
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100% equity actually. equity is the amount of the homes whole value that you have to borrow against. if the house is paid off then you have 100% of the houses value available to borrow against. |
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Slugg
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Equity is by definition the value of Asset - Liability. So, if a house (or anything that has any value) is paid for (owned without debt), that it's an equity. |
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rhsaunders
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Yes. Its entire value is your equity. |
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nickscalero
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It's all equity, baby. YEAH! |
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torskie
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Yes, the equity is the value of house, minus what you owe.
If the house could sell for $100,000 and you owe $40,000, you have $60,000 in equity/.
If you owe nothing, you have $100,000.
Think of it this way. It you sold such a house, you would have $100,000 in your pocket (minus selling costs) |
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da_hammerhead
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You have total equity. Equity equals the amount paid up in your mortgage. |
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Alias Smith & Jones
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That's the definition of ownership. |
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trichbopper
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Its all equity. |
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Jeremy M
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Yep and Yep |
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