 Why are people in the UK so obsessed with mortgages? |
| I am so bored with people bleating on about this in the UK, saying renting is dead money, blah, blah. Yes but if your house gets reposessed then your money was indeed dead, you morons! When you have ... |
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 Should my Landlord pay us back for the Washer/Dryer we brought? |
My roomate and I have been renting an apartment for 2 years. Our lease is up September 1st, and come this Sept she will be moving to San Francisco and I will be moving to a new location.
... |
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 Am I stupid...buying a house with bad credit question.? |
| I have been living in a house..lease purchase option for two years. I officially have 11000 down due to part of my rent going toward purchase. problem is..i havent been able to increase my credit ... |
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 Iam about to rent a luxury apartment but my scores are 619,610,607 do you think i can get approved? ? |
My total debt with all my cards is $8000 and 1 car payment of $600 per month .my credit is just 2 yrs old and i never missed any payments and no collections.
Additional Details
My credit ... |
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 What is a reasonable wage per hour for cleaning a house? |
| Tenants moved out. I called servicemaster to come out and clean but they wanted 50$/hr per man. It was easily going to eat up the security deposit without finishing because of the large mess. I had ... |
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 Can I buy a house then transfer the deed to someone else? |
| My boyfriend has been drawing unemployment for almost a year. He recently got a new job, which he will be starting in a few weeks. He wants to buy a house, but doesn't think he'll be able ... |
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 Im worried that my house will be demolished?!? |
| Hi everyone,I live in a old house on a street,there are only two houses next to me and that's it everything else is business buildings etc,I rent my house privately,anyway I keep hearing off ... |
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 I cant refinance my home cant sell my and my mortgage will be too high for me to pay this year what should i d |
| realtors have gotten me in a mess i am afraid i will forclose if i dont get answers my home apraise for the same as my loan and i also have a high interest ... |
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 Is it possible for my grandparents to take a loan out to buy me a house if they already own two houses? |
| I found a really sweet deal on a condo in my area at an unheard of price, the only thing is my credit is horrible so there is no way I can get a home loan on my own! I do however make enough money ... |
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 How to buy the house that's not for sale? |
| There's a house I really want to buy because of it's location and I really want to buy it. But the owner is not planning on selling it. Anybody know a good approach so I can buy it anyway?... |
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 How much do you need to put down? |
looking into buying a house. First time buyers. How much would we need to put down?
Dont know much bout real estate so sorry if this sounds stupid
Additional Details
i live in new ... |
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 Then what is the perfect mortgage to have? |
Answer without out the bull, because of all differant situation.
Like every body is not the same.... |
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lilacbeauti58 | Need Own Space..Condo or Apartment!!?!? |
I am a 22 year old female single with no kids. I recently graduated from college with a B.A in accounting and started a job making $35,000.00 3 weeks ago. I currently live at home with my grandmother and I am ready to move out. I sleep on a sofa and there is no privacy. I am considering either renting a apartment or buying a condo. However, I am concerned about whether this would be wise because I want to go back to school and what if I move to another state say in the next 5-7 years? Any suggestions? How different are the cost b/t the two? Pros? Cons? Thanks Guys... |
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artwhiterealtor
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Condo prices are down in most markets. I don't know about yours, but check with your local Realtor. Go through the pre-approval process with a lender to know what your loan costs are going to be and what you can afford. Then do your budget and see if it makes sense compared to renting. Remember that you will probably see some appreciation in 5 to 7 years if you choose carefully. Don't focus on just the individual unit. Pay careful attention to condition of the building, the amenities, the budget, the reserves, the management etc. What would you rather do: make your next move to another rental with just a pocket full or rent receipts, or have that down payment on another house from the sale of your condo? |
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Elliott J
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If you have $ 30,000 saved you can put $20,000 down and get a mortgage on that condo.
Get an INTEREST ONLY mortgage. You won't build up equity, but if the value goes up you get the capital gains. Your payements will be lower and your interest rate is FIXED.
YOur salary is on the cusp between rent and owning a condo so be shure you either have other income or reasonable expectation that your salary will increase.
IF not, my advice is to get an apartment.
Hire a financial consultant and explore the options in detail. |
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senior2tor
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Buy an apartment and rent it later on. |
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artist9120
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if it is short term like 3-5 years, id say rent an apartment, that way you don't have to worry about maintenance issues with your property. and you don't have the worries of buying and selling anything. it is so much easier, and if you decide you dont like it after a year, you can always not renew your lease and buy a condo then.
the pros of apartment living is of course, maintenance and pest control in included with rent- not extra, and rent is usually cheaper than a mortgage.
the cons are of course, you never own it, but if you were just planning to sell it later anyway- it would be more cost effect to just rent, especially the way the market is now.
there are other things to consider, like neighborhoods and pets, but those are all preferences really. |
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Laura K
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Well with an apartment it's not actually yours. They can also be nice tho because if you want to move you don't have to worry about selling your place. As with a condo (if you buy it) you can't just say I don't want it anymore. Condos are also nice because it's like your own space. I mean you actually own it. Tip- I like alot of the colorado condos.
I would say go for an apartment right now and maybe a condo later. |
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StepStepSwoosh
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Apartment, |
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godged
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I would purchase a condo. Prices in many areas are down, interest rates are great. Hopefully when you are thinking of going back to school, you have saved enough money to keep your place, or maybe you can move into something cheaper and rent your condo out, or sell it for a profit.
Congratulations on your degree and the new job. |
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Tawnia
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Well with that kind of money you will have no problem getting yourself into a nice place!!
What do you want to do? Whatever decesion you make is right.
The whole cost issue will depend on where you move so the best thing for you to do is make a budget for yourself and see where you want to go.
Its not easy being on your own with bills and such but once you get yourself on a healthy budget, you will be fine!
Good luck! |
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Tori N
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condo |
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