 My tenant hasn't paid 4 months of rent, and doesn't want to leave. What do i do? |
| So I have a one family house and fixed up the basement with a shower, kitchen and living space for rent. I got a tenant about a year ago, but recently (4 months) he kept delaying the rent payment and ... |
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 How can I save my house from being sold or taken? |
| Alright heres the story, my mom and dad split like 9 years ago. My dad let my mom stay here for a few more years while she finds a place to live and shes still with us thank god. She still cant find ... |
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 Is this normal for Apt management to do this? |
| Im not sure what to think.But Ive ben behind on rent and the landlord a sweet heart shes giving me times to get up.So twice she has locked me out and she posted a letter before we talked about giving ... |
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 Can you fire your realtor that you listed your home with ? |
| We signed a contract with a realtor who also happens to be a friend of mine . Its been about 3 months and he hasn't mentioned anything about renewing the contract so I'm assuming it's ... |
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 Any predictions on the bay area housing market in the next 10 years? |
Additional Details
Do you think houses will be more expensive in 10 years than now?... |
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 How do i get these non-paying tenants out? |
| i rented my house through an agent 18months ago.the tenants paid for the whole six months up front and one months deposit.the agents were useless and at the end of the 6 mths i sacked the agents and ... |
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 I want to sue my Mortgage Broker. What are my chances of finding a lawyer that will represent me and winning? |
| My mortgage broker withheld information that my interest only amount was a teaser rate. After 3 months, went from 2400.00 month to 4100.00. Unreachable. Now in horrible situation, can't ... |
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 I inherited a house. Should I pay off the mortgage? |
| When I got the house, it had 20 years left to pay off. (It was a 30 year loan.) I have been paying extra money every month for 3 years. (That’s how long I have had it). Every extra penny goes to ... |
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 Is it legal for my landlord to charge an extra $300 if the rent isn't paid by the 4th of the month? |
| We're entering a new lease agreement and he wants to charge me $300 after the 4th of the month if the rent isn't paid by then....can he legaly do this???... |
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 If you were a home buyer, how would this statement make you feel or react? What would you do? See details...? |
| Let's pretend you are in the market to buy a 500K home and have been working with a Realtor. After all, why wouldn't you work with a Realtor? They are free for buyers, the seller pays the ... |
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 Good Morning everyone...Mortgage advice please? |
Me and my partner have een renting for a year and 3months and we would like to buy. we realise that it is a complicated and expensive process but to be honest, i have no idea where to start.
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Just Wondering | Is it possible to refinance a home before you have it for a year? |
I bought it in August....I need to move away in 8 months...I have high monthy mortgage and I want to refinance so i can lower mortgage and rent it out |
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Matt B
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Yes, there are many conditions, however. I am a loan officer, and would love to help if I can. I can only do loans in a limited # of states (I assume you are in the USA), but I may be able to set you up with someone reputable. IM me matty_lumpkin on Y! If you (or any other readers..) have re-fi Q's |
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homes_az
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I am a mortgage consultant signed up with over 160 lenders. Some of my lenders use new appraised value after 6 months. It is best to wait 12 months but if you need to lower payments, you can find someone who will use new appraised value after 6 months. If you are in Arizona, California, Minnesota, Colorado or New Mexico, call me or apply online at my application and website.
http://www.myarizonahomemortgage.com
http://www.azspotlighthomes.com |
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TheMortgageDr
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Yes its possible.it also depends on the terms of the loan. I am a mortgage broker, give me a call at 631- 355- 6916 and i could help you out with the loan. My name is Johnnie Davis. |
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VATreasures
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Owner occupied loans usually require that you live in your house for a year, before being able to rent it out. You will probably be ok with your current loan, assuming something unforseen has caused you to need to move.
If I were in your situation, I would try to find a tenant/buyer interested in a rent to own situation. I would charge your current mortgage and other expenses amount as the rent.
While you could probably not get this amount as a straight rental, there is more demand than supply in the rent-to-own segment of the market. |
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ramman
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Yes, it is. However, some lenders are hestitant to lend a higher amount than the original mortgage unless you can prove that you have made significant improvements to the property.
Also, try to avoid the interest only route. This is a fast ticket to foreclosure. The interest is adjustable (and rates have only one way to go, up). In some instances, they can lead to negative amortization (which means you will owe more than your house is worth, making a re-finance impossible). And, after a few years, you have to start making principal and interests payments, which, if you can't afford them now, you won't be able to afford them later. |
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alanpks4
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Unless there is something in your loan argeement that says otherwise, Yes you can.
Read you loan agreement. It would say if you are not allowed to refinance, within a certain period of time,and if there are any fees or fines for doing so.
My loan I could refinace, but if I did it within 3 years with another institution there was a fee.
If I did it through my current institution there was no fee. |
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Dan
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I see you have lots of contradicting answers but having been in the business and having helped others in your situation I know it can be done. Keep in mind that there are many things taken into consideration other than the preferred 12 month title history but it can be done with limited title history. I highly recommend having a mortgage professional look at your scenario and then make an educated decision. I hope this answers your question but if you have any further questions or would like some free professional advice please feel free to email me. |
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why us
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you can refinance the very next day if you want too |
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upside down
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Check out an interest only refinance, that will give you the lowest payment. |
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Brentley4u
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Hey, I'm a senior loan officer for a nationwide company and beware... you're getting some really bad advice on here!!! there are a lot of things that go into refinancing that most people don't know about. I'd love to chat about your options and some things that would help you get the best rates and lower monthly payments without working against you in the long run! feel free to im me at fuzzface18 if you want to know the truth about refinancing :o) |
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