 How can you rent a home or apt w/ bad or no credit? |
| I don't have any real credit history. I got a denial letter from a credit card place that said, "Lack of credit history" and "lack of revolving accounts". How can I rent a ... |
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 Can my roommate prevent me from having overnight guests? |
| I live in a two-bedroom apartment with one roommate. As my boyfriend and I are in a long-distance relationship, the only way we see each other is to spend weekends together. We would like to ... |
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 What is 7% of $150,000.? |
| We are thinking of selling our home, my husband isn't home right now, and I am horrible at math. I was just looking over the contract and it says the company gets 7%. Is that pretty good? T... |
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 Having a hard time understand 'rent in advance' pls explain? |
im getting my first place and they ask for a deposit sum and a months rent in advance. and then after ive lived there 4 weeks they want my first months rent.
i do not understand this. how come ... |
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 I am not going to pay then rent. What will happen? |
I am moving out at then end of the month but landlord wants me to pay the next two months rent.
I refuse to pay this, what can they do ? (you cant go to prison for not paying the rent can ... |
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 Can you rent a flat at 16 ? |
can you rent a plat when ur 16 ?
i really dont get on with my mum and shes told me she wants me to move out so i want to know if its possible to rent a flat at 16... |
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 Is it possible to buy a house with poor/bad credit? |
| Bad things happen to good people, a friend of mine is wanting to but a house for him and his family instead of renting and throwing way money every month. Please don't say "clean up their ... |
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 What is the max $ i should spend on a house? |
If my income is 45000 to 54000
Additional Details
I would be in Dallas, TX... |
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 If a mortgage rate is currently at 6.2%, when is it appropriate to refinance for a lower interest rate? |
Additional Details
Thank you for the information. My loan is for a fixed 30 year loan. I have had the home for almost 5 years. I have refinanced already 1 time, to get the 8% rate ... |
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 I rent a house out, and the rent does not cover the mortgage but the house value has increased. should i sell? |
| I have rented a house out for the last three years,the rent does not cover the motrgage but the value of the property has increased,is it worthwhile sustaining this loss or should I sell the ... |
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 Does my landlord have to pay for screens on windows & doors? |
| I rent a one bedroom unit that has no windows but two sliding doors but there are no screens on the doors. It is a ground floor apartment with street access & I dont feel safe.... |
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 I´n building a hotel with 100 rooms, but I´m superstitious.? |
| I have a bad ommen with the number 9, every room with a 9 on it, will have instead a letter, How many 9´s will I have to remove?... |
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 If I inherited a house free and clear that is too big for my needs, shoud I sell it in this down market? |
| I am thinking of getting a small condominium. Will also come into about 200k in cash. I don't know if I should rent out the house, and wait until the market turns around. I should pocket ... |
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 Does having home broken into twice, car once, mail stolen repeatedly in 5 months give reason to break a lease? |
| Starting school in new town. Did not know this was dangerous neighborhood. Nice house, low rent. Now I know why rent so cheap! X-box, games, CDs, DVDs, monitor all stolen, home ransacked, police ... |
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 Stupid decisions? |
| My parents are involved in a situation where they need money to pay house bills (amount on house is higher per month). So anyways, it started out where my dad let's his friend (trust) sign a ... |
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 Help me with Lanlord trouble? |
| my apartment manager just called me and said corporate just called her and said they havent received my rent for october. so they expect me to pay again but thats bullsh.t heres the messed up part i ... |
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Mannieee | Is it true that you have to pay off your mortgage before selling your house? |
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vicky
 |
no when you sell your house you pay the bank what they are owed
ok say you owe the bank 90000 you sell your house for 150000 you'll have 60000 left after you give the bank back their money. you have to pay the bank first when you sell . |
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dazedandconfused
|
No, when you sell it, the money the people give you for it goes to your mortgage and you get the change. (minus all the fees etc...) |
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fdm215
 |
No, your existing mortgage will be satisfied with funds from the sale of the house. Usually that money is taken from the sale proceeds first. You get whatever is left. |
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BeenAroundTheBlock
|
No, it is not true. At the time of closing of escrow, your mortgage will be paid off. You will then receive any money left over (assuming you have enough equity in your house). |
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Ambivalence
 |
What happens is the remainder of the mortgage gets paid off the top when you sell the house. |
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la buena bruja
|
Yes, but not necessarily the way you think. When you get your asking price, the mortgage gets paid off, and you keep what's left. |
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TBONE
|
This is usually done in the closing process, if you are selling your house for more than you paid. |
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QandA
|
no, when you sell your house you will take the money from the sale and use it to pay off your mortgage, any money left over is your profit "capital gain" |
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Iggy
|
The mortgage must be paid WHILE you sell the house. It must be part of the sales transaction, so that you can legally transfer title to the buyer.
I'm a mortgage processor....so if you want to discuss it further, feel free to message me. |
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Classy Granny
 |
No, but you'll need to sell it and make enough to pay off the mortgage. |
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kosmo
 |
no |
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Boss *****
|
No |
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Etta P
 |
When the closing takes place the lien on the property (the mortgage) will be paid out o the proceeds to you. This will keep the "title" clear for the new buyers |
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hisoka
|
Its not true. The buyer should be the one to mortgage it. |
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DannoREA
|
Sort of 2 answers:
Yes. House's mortgage gets paid off at settlement.
No. Some mortgages are assumable, and the next owner can simply take over the payments. Pretty rare though. |
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mazkrda
|
No, hopefully when you sell you would have made enough to pay off your mortgage and have enough for a bigger down payment for your next property. |
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kemperk
|
yes. A lender has a lien on the property. The lien was placed after the lender "qualified" the buyer.
The new buyer may or may not
qualify with the current lender. It is
100% fine to ask the buyer to
contact the currend lien holder
and see if the buyer qualifies and if
so, the lender THEN will transfer the
obligation on the lien-note, to the
buyer and out of the current owner's name.
Hope that answers your query. |
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wahoo10001
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The mortgage will be paid off at closing with the proceeds of the sale. |
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littlemermaid805
|
yes |
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