 In my situation is an interest only mortgage right for me? |
| I own a home, brought it in 12/04 (2 years to the date) for $242,000, the Appraised Value as it stands is $305,000 so it has appriciated $63000 in 2 years. Our current mortgage is a 30 yr fixed rate ... |
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 We just bought our first house? |
What are some maintenance things we should be aware of? Do you have any tips? We live in NJ, the house was gut renovated, and everything is new. Thanks!
Additional Details
Thanks ... |
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 Is it ok to break my lease if I dont feel safe? |
| There is this guy who is stalking me. He keeps knocking on my door and trying to get me to have sex with him for money and trying to sell me drugs. I have no clue who this guy is. I have called the ... |
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 It is possible to just give my house back to the mortgage company? |
| I hate my house and may soon struggle to pay the mortgage, can I just give the house to the mortgage company. I dont care about money, i just want out or will it be classed as repossession??... |
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 Is it a good idea to buy repossessed/foreclosed homes? |
| i'm a first-time home buyer and i want to buy a house that i can afford and that won't give me as much stress when it comes to finances.... |
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 Can some one help me? I have applied for a loan and the loan was approved.? |
| I haven't got the closing date yet. How long after the approval dose it take for the closing to happen? The company I am working with is a broker. They say I have been approved and I have ... |
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 Can i get personal loan without mortgage anything? |
| i don’t have enough money in my bank account,in fact I don,t even have any job right now,but I wan,t to invest in real estate,can I get personal loan from any bank without mortagage anything?im an ... |
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 Is 45k a good salary for a 22/yo male living in Tucson? |
I'm going to be moving to Tucson in 6 weeks, and I was just wondering if 45,000 dollars a year gross is a good salary for the city/geographic area. Any thoughts?
Additional Details
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 Not happy with interest rate on Closing, Can I still get another Loan from another company? |
I am a first time homebuyer. Is this a good deal?
Selling Price: $232,000 House on Lennar - Las Vegas, NV
Benefits:
Seller will pay 3% Down Payment: roughly $7000
Seller ... |
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 If I I accept an offer on my house that is less than what I owe, what happens? |
| I am selling my house for $159, if someone offers $150 and I still owe on the loan; will I be expected to pay the difference at closing or will the loan company work with me? (There is no Equity in ... |
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 Tenant & landlord question. My washing machine flooded and water came through the ceiling downstairs? |
| The water has left a patch on the ceiling and a thin crack - it hasn't damaged any contents - can anybody tell me if this comes under the buildings or contents insurance. As a tenant i don'... |
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 Closing home in 2 months...Should I buy furniture yet? |
Hi everyone!
We are buying our first house. We do not close until the end of April, but we have found some really nice pieces of furniture on sale now.
My parents have offered to buy the ... |
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 How to remove mother in law off title of house? |
| The morgage loan is in mine and wifes name, not mother in law. I make the morgage payments, no one ... |
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Nasty Na | Please HELP! my boyfriend wants to get a joint mortgage!!!!!? |
we have 2 kids together but we have a lot of issues that could potentially cause to split ( well, his issues). what should i do??? |
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Mike P
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The two children together are something permanently binds you two but getting a joint mortgage is something in addition that has long term ramifications, especially, if you two are not a solid ground.
I would have a talk where I cleared up each and every issue that was bothering me. If you went to this message board for advice you already are concerned so act on your concerns and have a sit down and hash out everything. If you are not satisified with the result of the meeting DO NOT sign the mortgage.
The problem is simple. You are committing yourself to a legal document which says that you will pay the mortgage no matter what. If your beau is gone then you are the one who must pay. If the mortgage is not paid then your credit is affected.
Bottom line: talk with your mate about all of your concerns about the mortgage. If you are satisfied, then work with the professionals like lawyers and whoever to be sure that everything is ok. If you are not satisfied, don't sign the papers. |
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ontopofoldsmokie
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You must decide where this is going for yourself. I would never go in together on anything financial with a boyfriend or girlfriend. If you split one, or both, of you will suffer. All he has to do is not pay his share and your credit gets slapped. You need to decide what your future, and your kids future, holds. You have 2 kids by a man you say you trying to get away from. You said it yourself. You have reservations about shacking up permanantly with this guy. |
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rickyjared
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You must decide where this is going for yourself. I would never go in together on anything financial with a boyfriend or girlfriend. If you split one, or both, of you will suffer. All he has to do is not pay his share and your credit gets slapped. You need to decide what your future, and your kids future, holds. You have 2 kids by a man you say you trying to get away from. You said it yourself. You have reservations about shacking up permanantly with this guy. |
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Doctor Deth
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don;t do it |
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Thomas K
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You never know. if the two of you have kids together, their is obviously something there. the home, based on personal experience will be another adder to making the two of you work at dealing with your differences.
remember, back in the old days, people got married when they were 15 and never got divorced. it is because they worked at it.
I would never tell you to make a bad decision, but buying the house may make the two of you understand that you are in it together. |
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Cadillacman
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Why are you shacked up with this guy, and having kids with him, when you can't get along together?
It doesn't matter whose issues they are. They affect you and your kids. If you have issues, and you're about to split up, why are you even considering signing on the dotted line with him for 15, 20, or 30 years?
You already knew what to do before you asked the question.
You've made a mistake by living with him. Don't make another mistake by tying up your finances for 30 years with a guy you know you won't be with all that time.
If your relationship is not good enough for marriage, it certainly is not good enough for a mortgage.
This answer if is brutal, but it's honest. |
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acermill
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You have answered your own question. If your boyfriend has issues, you don't need to tie yourself into a lengthy mortgage with him. If he can't do the mortgage on his own (or you on YOUR own), then you should not buy. |
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Big daddy
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um, no. If your having issues already, the absolute last thing you want to do is get a mortgage together. What if you split in a year? If your not married, that can get real messy as far as getting out of the mortgage commitment. Work out the issues first, if you can work them out, then proceed, if not, well thats your business. Bottom line is this, if neither of you can afford the mortgage on your own, don't do it, because if you split, someone will have to shoulder the responsibility, if neither of you cannot, then both of you will suffer credit wise, best of luck |
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godged
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Protect yourself is exactly what you should do.
If you decide this might be best for you and your family, get a legally binding agreement that states who is bringing what to the purchase, who is paying what while you live in the house, and what happens to the house if you break up, sell, get married, or something catastrophic happens to you or your BF.
As an aside, his issues are now your issues to either deal with or resolve since you have been together long enough to produce two children. So when you said "we have issues" - that was correct. You owe it to your children to either commit to making it work or commit to making it on your own. |
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Real Estate Student
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RUN AWAY!!!!!! AHHHHHHH!!!!!
seriously though...probably not wise. They're right if you split, bye bye house! Best way to approach it I think, get a mortgage in one persons name, and split the payments, but make sure you can afford the payments on your own first. Other thing to consider, once you live in a home for 3 years or more, you're common laws, whcih means name on the deed or not, it's a marital home, and each spouse has a 50/50 interest in it. So again, if you split, bye bye house! |
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