 What is 10 % of $69,550? |
what is 10% of 69,550
Additional Details
1 i came up with 6,995 but i wanted to make sure it wasnt just me cause i dont think that this house is worth putting that much down own thats ... |
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 Can an apartment manger ask me to leave if I have lived there for 6 months for a crime that I committed 4 ago? |
Additional Details
I plead no contest to a drug charge almost 5 years ago. Well they asked on the app. have you ever been convicted of a drug offense. Well I wasn't I pead no ... |
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 Single first-time buyer desperately seeking advice for the future!? |
| I am 26 and just starting a career change, albeit to a less-well paid job, but it's what I want to do. Will only be on £14000 for the next couple of years. I desperately want to move out of my ... |
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 Where can I buy very cheap secluded land? |
| I am looking for some land that I can build my own cabin on and kinda figure out who I am. I don't care if it's in the mountains or desert and I don't care if it is cold or hot. The ... |
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 My son has three roomates with a year lease, and I co signed. One wants to move. Now what? |
| My son is away at college and has two roommates who are all listed separately on the one year lease that was signed by all three of them. I am the cosigners. Now one of the room ates left a letter ... |
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 Why don't white female real estate agents like to work with me? |
| I've been looking for rental properties as investment for over one year, and have changed more than 5 real estate agents in 15 months. Three of them lost their enthusiasm after a couple of ... |
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 My girlfriend and her family got kicked out there apartment by not paying rent what can they do to move back? |
My girlfriend and her family got kicked out there apartment by not paying rent what can they do to move back in?
The apartment was left in very good condition
They just got kicked ... |
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 Judgement? |
| My husband and I received a letter that a judgement has been set against us for not paying our mortgage. Can anyone tell me what is going to happen now? We have our house listed for sale. We live in P... |
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| How are you suppose to buy a house with no money down? |
| I am wondering if anyone on yahoo answers has done this and if so how do you do it?... |
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 Why haven't we received a closing date? |
| We have turned in all of the papers the bank requested and and they have contacted our employers We's had and inspection and appraisal done. What is left to do until we close on the House? The ... |
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 Can I maintain the rights to the cell tower lease I have but sell the land under it? |
We currently have a lease with a cell tower company and have a tower on our 96 acre farm. We are selling the property but dont want to lose our lease with the cell tower company.
Should I sub ... |
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 Is the homeowner responsible for ice on sidewalk? |
| if ice is built up due to water from the sprinklers is the homeowner responsible. Though the sidewalk is city ... |
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 Can my girlfriend stay in my apt without being on the lease? |
| I'm moving in a one bedroom and my girlfriend might move in with me in a couple of months. Should I tell the real estate before signing the lease? should I just not mention it until she moves in?... |
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 Can a landlord refuse to rent to you if you have poor credit? |
I have poor credit but a good rental history and I make 3x the rental amount.I have paid off all my debts and I live in WA state.
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well I'm in the military and ... |
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| Urgent landlord advice needed please? |
Hi
A tenant moved into my house over a month ago. The tenant gave us a mobile number which she either has off or does not answer. It took us two weeks for her to ring us back before when ... |
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Wife4Life | What are the disadvantages of owning your house outright? |
If my house is completely paid off, are there any disavantages with my situation?
Can someone sue me and take my house?
Are there issues with getting a new loan for a new house?
What problems may I run into, if any? |
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anonymous
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You must pay property taxes, or else the state may be able to put your home up for auction. I don't think anyone can sue you and put you out of a home, but I think they can force you to sell and buy a cheaper house and put the difference toward whatever you owe them (at least I've heard of that happening). Getting a loan for a new house should be easy. Also, you will have to pay for the maintainance and repair of your home. Those are all the disadvantages I know of. |
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David
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None but property taxes. Depends on the state you leave in. You will have complete equity in it. Only God knows what a day will bring. |
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Mr. Wizard
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Outright paying cash for a home says you're filthy rich....and that not only attracts the media, an entourage and bank officials....it also attracts the IRS--who are all too happy to overtax you fast. |
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madrax
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The only concern is being sued. Be sure to establish a homestead if your state allows it. See an attorney and inquire about a living trust or a family trust to shield you in case of a law suit. Another advantage of this is that public records will contain your trust name as the owner, not yours, so it will be more difficult to find your assets.
Buy home insurance as broad as possible but don't over-kill it, it'll be to expensive, rather get an umbrella policy. A 1 million policy is very cheap and it will cover you over and beyond your home insurance, car insurance, etc. If you get a judgment against you that exceeds your policy the umbrella will still cover you. |
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larry6482003
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just make sure you have the insurance if somebody hurts themselves on your property, the only other thing will be the maintenance |
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kvuo
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there is no disadvantage. pay it off as quick as possible, and then you can start using all that bread that's been going to the bank to save and invest. $1000 a month that you dont have to spend anymore? Imagine... quit paying the bank 5 or 6%.. let them pay you!
perpetual debt is not necessarily a way of life, but you can tell alot of other people think it is.. |
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notyou311
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No, you will have equity in the house and no more payments to make. It's all good. |
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bostonianinmo
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Disadvantages? None that I can think of! Well, there are, but you're in a very good position anyway.
Let's see: No more mortgage payments! Money available for other things. Sounds good!
OK, but there is a downside, and you've already alluded to it. Now that your home is free and clear it would be much easier for someone who got a judgement against you to take it to settle the judgement. A few states exclude your "homestead" from such a taking -- TX is one for sure -- check with an attorney for the law in your state.
Even if your homestead isn't protected, that's what insurance is for. You should have enough liability insurance on your car to cover the value of your home and should consider a general liability rider on your homeowner's insurance to boost that to several times the value of your home. You'll probaby be surprised how cheap a $1 million liability rider can be and it's worth every penny for the peace of mind.
Now, don't forget that now that your mortgage is paid off, you will have to pay your taxes and insurance yourself. The tax district has probably been sending those bills to your mortgage company who paid the taxes out of your impound account. Ditto for your homeowner's insurance.
Make sure that the tax district and insurance company send the bills directly to you -- and make sure that you set aside enough each month to cover the bills when they come due.
You'll probably be able to get payments on your homeowner's insurance, but you probably won't be able to get payments on your real estate taxes unless you take out separate loan for that purpose.
Now that you own a home "free and clear" you'll have a much easier time getting a loan for a new home. You could even pledge the old home as security for a loan to buy a new home for your primary residence. This would shield your new home from foreclosure if you couldn't pay the note for any reason. You'd lose the old property of course, but you'd keep the roof over your head.
If you rent the old property out you'll get some very nice tax deductions while the tenant pays off the mortgate for you and you live in your nice new place free and clear! |
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Wendy
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Make sure you continue to pay your taxes!. Also, many states allow liens. If you fail to pay a creditor (car, credit card) the can file a lien against your house. If you ever try to sell the house, these liens must be paid first. |
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huntrossville
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Don't ever take out an equity loan. start saving towards a second home.Start in a market that you wouldn't mind living in and rent it out for the income. Duplexes are good. don't buy until you have at least 20% down. Repos are cool too, Cya. |
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