 Need help understanding a specific question about the Sale of Real Estate.? |
| Scenario: The payoff balance on my home is approximately $120K. Can I sell my home for $100K? If so, what type of an arrangement is made to pay the remaining $20K to the mortgage company? Can the ... |
|
 Any Realtors want to tackle this question? What are your thoughts on this situation? |
| I'm considering buying a commercial property in another state. It's a depressed, rural area with a charming "old town" area that is starting to make a comeback. There are ... |
|
 How much would it cost to build a house using Illegal Immigrants? |
This is just a question out of curiosity. But how much would it cost(assuming you already have the land), to build a 3 bedroom house using illegal labor.
Additional Details
Christ, the ... |
|
 My husband and I are divorcing. I moved out of the house into an apt. My husband let a friend of his move in |
| Who was going to pay $600 a month toward the mortgage. The friend hasn't paid anything yet and has been living in my house for 3 months. Do I have the right to ask him to leave? There is no ... |
|
 I have money for a down pymt on a home, but my credit is awful. Is there help for me? |
| I am in SC and need to purchase at least 3 acres and a home, but my credit is trashed. Are there people that will assist with getting approved for a home purchase?... |
|
 If you live in a townhome, can you hear your neighbors? |
Additional Details
how bad is it? Don't most townhomes have a 4-ft firewall that dampens most noises?... |
|
 How can I evict someone from my home who is threatening me? |
| So I live in Michigan and have owned my home for 11 years. Recently I rented out two rooms in my home to help with the bills. One of the roommates has only been here for a week and a half and ... |
|
 Effect on judgment lien on my house? |
| I was involved in a car accident and at fault. The plaintiff is suing me and her claims are far over my policy limit. Obviously i do not have enough cash to pay her. I pay mortgages to the house that ... |
|
 Can a landlord increase private sector rent by 75%? |
| Been living at same rented house for 13 years & have good relationship with landlord who has only increased rent twice over the years, by small amounts, now her money grabbing son has decided ... |
|
 The house i was buying needed to many repairs, and now the owner doesnt want to give my escrow back.Any ideas? |
| I was purchasing a home, We set up the escrow on a good faith judgement. Our home inspector told US, that the repairs where major. The clause "was anything over 1000 dollars " We could back ... |
|
 Renting out....please help? |
How do people make money when renting out a house, flat etc when they still have to pay the mortgage at the same time?
eg. Having to pay the mortgage company lets say £350 p/m plus ... |
|
 Should I be angry at my landlord for coming in and cleaning my apartment while I was out of town? |
| My landlord knew I was out of town for a week, and that my boyfriend was watching my cat. She called me and told me that she'd gone into the apartment to check the cat (I didn't ask her to) ... |
|
 So, in pounds and pence, what does this new Interest Rate increase mean to your mortgage? |
I was lucky enought not to have a mortgage, but was curious about those that do.
Makes me wonder if Gorden Brown's past preaching was right, when he was pushing the idea of fixed rate ... |
|
 What can we do to keep the prior owners of our house from coming around to reminisce? |
| We recently moved into our dream home in New Jersey and have been living here for about 7 months now. The home was sold to us by an elderly woman whos husband passed away the year before and who ... |
|
 I need advises from people with experience please ! first time home buyer? |
| i would like to know how the process goes ..i am very stressed right now because i have no money to put down , i was told that i can get a 100% loan that covers down payment and closing cost , but i ... |
|
 Can i ask the realtor to show me the house again? |
| My husband and I are under contract on a purchasing a house *(we have agreed on a price, we have had an inspection done), we are just waiting on a closing date which is set for November 14. However, ... |
|
 What do I do if the landlord intentionally isn't paying the mortgage? |
| I sent a letter to my landlord the other day asking for a copy of a mortgage statement. I live in Sacramento where there are a good amount of foreclosures. We know someone who was renting and ... |
|
|  |
karliedee7 | We have 1st mortgage fixed 7.75 and second mortgage ARM. Before my husband gets laid off, should I refinance? |
I don't know what to do with the banks nad economy in such upheaval. My husband wants to refinance before he gets laid off. He's afraid of the ARM interest rate will go high and we won't get good intererest rate if he's laid off. It will cost thousands to refi. We don't know what the future holds. Our payments total are about $1,400 a month. I haven't found a job yet. What to do? Thanks for your opinions.
Additional Details
We have excellent credit. All our money is in this house. Selling it now is not an option. I don't have anyone to move in with. |
 |
 
Jennifer R
|
Ask yourself.... this should you throw good money at bad? If the house is worth less then what you owe there are options especially with the loss of a job. Consult a real estate professional in your community. I specialize in these areas in my community here in the Los Angeles Area. |
|
chatsplas
|
Consolidating your two loans into one with a fixed rate could be a good idea, if you can do so with the markets in such upheaval right now. Getting just one payment instead of two and getting rid of the the ARM is a good idea. Whether you will be able to do so, depends on your home value and how much equity you have in your home. Talk to your lender and ask them about the possibilities of doing something with them. Some lenders are doing loan modifications now, changing ARMS to fixed rate after 2-5 years, see if your lender is. BEFORE doing anything, check out your options, don't take the first lender's word for anything, and it needn't cost thousands to refi. |
|
I Buy And Sell Houses
|
Sell the home. If he gets laid off, you won't be able to refinance at all. And it sounds as if you don't have thousands to spend. Besides, the payback period on a refinance often is a couple of years. As you note, it costs thousands to refi. Sometimes you can include those costs in the mortgage, but that isn't a great deal, either. If you see problems on the horizon, then sell, rent cheaply, and keep looking for a job. |
|
Judy1
 |
You could try to refinance - getting rid of the ARM would be a real good idea if you can.
Good luck |
|
src50
|
Whether you can refi is going to depend on your husband's income/credit score and how much equity you have in the house. You need to shop around for a lender - it doesn't have to cost "thousands." |
|
Icanhelp
|
I work for one of the major banks. If you have excellent credit and have enough income to qualify, do it right away. Closing costs will be low if you go with a bank. Some banks also offer protection insurance for mortgage in case you get laid off. They will pay up to 12 months of your mortgage payments. You can respond to my email if you want me to help. |
|
what did you say
|
sell now if you can and rent cheaper or move in with family for a while I know not the best answers but I am in the same boat as you |
|
satarnag01
 |
Brokers make money in 2 ways:
1. Points and fees they charge upfront
2. By increasing the rate they have available to them and getting a rebate from the lender.
Shop around for the best rate without having to pay any fees or points. Once you refinanced and just before your husband loses his job, call your new lender and ask for a forbearance agreement.
Look, your husband is right about refinancing while he has income. |
|
karen m
|
For some free quotes with no obligation try http://NewHomeLoanNetwork.com this way you can talk to some professionals without making a commitment and you can see what your options are. This website has a network of different lenders and is very useful as a tool in finding a loan. This was a great resource for me when I was looking for a loan. I ended up using on of the companies that called me and I am at a 6.25% from a 9 1/2% Good Luck! |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
9 | 41 minutes(s) ago
| | | |
9 | 1 hour(s) ago
| | | |
9 | 3 hour(s) ago
| | | |
7 | 5 hour(s) ago
| | | |
9 | 8 hour(s) ago
| | | |
9 | 11 hour(s) ago
| | | |
9 | 1 day(s) ago
| | | |
9 | 4 day(s) ago
| | | |
9 | 6 day(s) ago
| | | |
9 | 1 week(s) ago
| |
|
Homepage 
Financial
Forum 
Renting & Real Estate 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
