 How can I prevent problems due to the buyer of our property having 100% mortgage and therefore no deposit? |
| The person buying our house has a 100% mortgage. Due to this there is a risk of them backing out at the last minute due to them not having given any deposit. What solutions are there to this issue. I&... |
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 Got an offer within 2 weeks of house on the market - take it or hold out for better? |
I know, it's such a gamble! What would you do, take the offer that's slightly lower than what you wanted, or wait for more offers?
Additional Details
Update - We countered, and ... |
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 What's a fair way to split the rent amongst roomates? |
I live with 4 other roomates in a 5 bedroom house. What's a fair way to split the rent? We've taken bathroom, closet space, and square footage into consideration.
There are ... |
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 Would you rent an apartment (or house) in Argentina for a vacation? |
| Or if not Argentina, where else would you consider renting? I just want to see how many people would be interested in this type of thing.... |
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 Apartment problems? |
| i rented an apartment with my b/f i signed a one year contact which is up in oct 20 2007 i cant stand to be with him ne longer..so if i abonden my contract what consequenses will i have?..... |
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 Renting v Buying? |
A question for home owners or renters!!
At the end of the year I will be moving out from my parents (for the 2nd time) since this time I can now afford it.
However, I am unsure ... |
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 Empty apartment and these? |
| hi. i'm in small apartment building. there is a apartment next to me and it is empty. now the manager is trying to clean it but leaves the door open!!!! now these strange teens, men, hookers, ... |
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 My roommate got a $400 credit on our rent because he resigned for another year, should I get any part of that? |
| OK, so the backstory here is that my roommate lived alone for a year in our current apartment before I moved in. He then was offered a $400 resigning bonus to sign another year on the lease. When ... |
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 Is it generally a bad idea to rent a room from a stranger? |
| i am looking for a place to stay. i have found a room to rent down the street from where i work. the rent is right and everything, but i just dont know what it will be like living with some one i ... |
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 Is a document legally binding if I signed it when I was a minor? |
| I signed a lease for an apartment when I was 17 because the leasing agent didn't even check my birthday on my drivers license. I hate living here it sucks. Is my lease even legally binding, and ... |
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 Do I go with CountryWide for my first mortgage? |
| My husband and I have lived in apartments for the past 10 years of our marriage. However with the recent adoption of our daughter, we want to "settle down" into a home of our own. We ... |
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 What is the best thing to do when you are behind on mortgage payments and you can't re-finance? |
no re-finance because of Bankruptcy
arm loan is up and interest going up to 9.39% and every six months after that up or down a point.... |
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 Can I get any personal loan from any bank without mortgage anything? |
| Im 25 yrs.indian citizen.can I get any personal loan from any bank without mortgage anything?and if yes,than what is the limit?and what are the requirements?... |
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 How do i get loan on a forclosure on my house? |
| My husband was very ill this summer he was off work for 4 months so we got behind on his mortgage now they gave us 30 days or forclose and he has lived here for 17 years, how do we get a loan on our ... |
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 Doing my own home inspection vs. hiring a professional.? |
So I'm buying my first house soon, been bargaining and unless I'm outbid over the weekend, we should have settled on a price.
Now I'm not just rolling in dough, so $300 for ... |
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ADRIANA | Is it worth it to work just to make your morgage payments? |
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Windseeker_1
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You can reduce the number of years off your mortgage by making extra payments. If you set your payments as bi-weekly you will be making 13 payments a year instead of 12 and will cut a mortgage from 25 years to 17 years saving you thousands in interest. |
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Rosebuds
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Heck yeah...your on your way to owning something one day...That is more than most people can say... |
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shire_maid
 |
OH yes. I plan to sell my house once the mortgage is paid off. I'll get a smaller house, do some travelling, and hopefully visit my family more often. Yes yes it is worth it. |
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smoothie
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no its best to pay the interest and principal at the same time |
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answermonkey
 |
Generally that's kinda the deal between you and the bank that you will keep mortgage payments and they will not repossess your house. |
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nelson_devon
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Unless you want to be homeless it is. |
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JRob
 |
a lot of folks wish they could make the mortgage payments - i am working two jobs and just making it from paycheck to paycheck |
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Julie B
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As opposed to what? Not working and being homeless? Or working and throwing your money away by renting? |
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satarnag
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I don't think it's a good idea. If the numbers (including appreciation) don't work for you, then your home becomes a liability and not an asset. You might want to look into refinancing to make smaller loan payments or move to a home you can afford. Just don't pay rent whatever you do. |
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Fromonetoanother
 |
Well, you can always consider renting. In fact you really want to be able to have some money saved as the real estate market can be quite volatile. I recently saw that there is a 60% chance that the market will be adjusting in the next couple of month in areas such as Southern California. In fact the average price for a condo is about $400,000 in the Orange county area. As a matter of fact you want to get with a CPA and figure out how much you are paying in taxes a year. From there you will be able to see if it is interesting for you to actually own something as you can write off part of the interest that you are paying towards the house. Then look at the value of the house and see if has been steadily increasing. This would mean that it could be a good thing for you to invest in a house. Again, you could always sale and buy something smaller and hopefully you would have some equity in the house which would then mean lower mortgage payments.
Check on pre-payment penalties as if you make extra payments you may have to pay extra. In addition you also have to look at the type of loan that you have. Is it a fixed, interest only, variable?
In fact if your house is increasing in value it might be good for you to get an interest only loan without prepayment penalties. This means that your payment will be lower every month, but also that you can add an other $200 a month which would go towards the principal. This also means that you would pay your house faster. Check the interest rate as well as the number of points you have to pay, this is very important. In addition, it's not only the mortgage payments that you have to look at but also the insurance and in some cases associations fees that you may have to pay. |
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