 I want to buy a townhouse? |
| I want to buy a townhouse but I only have about 1,500 to maybe 2,000 total to spend to get myself into the house. I have poor to fair credit. I only want a place that costs about 60,000. Is this ... |
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 How do i becoma a house flipper? |
| I am really really interested in flipping house for profit. I live in central california and know that i could do this if i just knew where to start. Do i need to take any classes or go through any ... |
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 Closing on our house? |
| My husband and i are closing March 28th on our first home. We are very excited but we have had alot issues come up and have almost had to back out for one reason or another several times. Right now ... |
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 Is the whole country the same? |
| I have just finished researching every state and almost every city in the Americas for the purpose of moving. And what the bloody heck, it's all the same cost! same rent costs, almost the same ... |
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 Have you noticed? |
Hi
Have you noticed that since we've all been asked to do our bit for the environment by using less electric, gas etc, the bills have risen quite sharply, simply the capitalists that run ... |
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 What is the best way for four people to buy a house together? |
| I am considering purchasing a house with 3 people (2 couples.) I am looking for advice on how best to apply for a mortgage. Should one person do it with a side contract between the partners? Or ... |
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 Are home prices dropping in california? |
If so, wouldn't this be a better time to purchase a house? Although I was told that prices may drop even more so give it some time...
Also, do real estate agents get some kind of ... |
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 Mortgage Broker offering 7.25% interest. Is this too much? |
| My combined credit score is 605. It is so low because I have debt that is at least 6 yrs old. I have been on my job for 6 yrs. My debt ratio is next to none. Is this too much or do I need to ... |
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 Is a FULL survey necessary when buying a house? |
| How does it differ from the other levels of surveys?... |
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 What are the advantages or disadavantages of being a cosigner on a 30 year mortgae for a friend? |
| A good friend of mine has asked me cosign for her mortgage application. I have reservations about soing it. Anyone been in such situation before? Can I get of the obligation to bank if I want to ... |
|
 What is a good Christmas gift from a landlord to a tenant? |
| My husband & I purchased a small apartment building at the beginning of the summer (3 apartments). We had never been landlords before, and we would like to give something to our tenants, but we ... |
|
 What happens if you have a baby and it causes you to have too many occupants in your apartment? |
| We live in a one bedroom apartment with our one year old and will be having another baby soon. We are only allowed 3 people in our apartment- I didn't see anything in the lease about a ... |
|
 EMERGENCY!//Can my landlord restrict who can stay in my room? |
EMERGENCY!!!
I have a month by month lease. It says there is not allowed overnight guess. My brother is came to visit me for couple weeks. Although he comes from overseas, my lanlord said that ... |
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| How do I go about selling my house myself ie. without estate agents? |
| Anybody got ideas about or experience of selling a house without using an estate agent.... |
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 Is there a need to hire a Realtor if we know the seller? |
| My fiancee and I are buying his parents house, as they are moving out of town around the time we are getting married. Is there a need for a realtor? For paperwork, etc?... |
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 Sharing an apartment with a couple - how should the bills be split? |
| I recently moved in to a 2 bedroom apartment and am sharing with a couple. How should the bills be split? They say I should pay half but I would think for the bills they should be split 3 ways as ... |
|
 I keep hearing that it's a 'Buyer's Market' - but where are all the buyers??? |
| So I keep hearing that it's a buyer's market and everyone's telling people to BUY NOW because it's a great time to buy, but my question is, where are all the buyers??? lol My ... |
|
 Apartments without Refrigerators, Why? |
My husband and I are trying to find apartments in California because we will be moving in a few weeks for his job. We currently live in Missouri.
Nearly every aparment listing we find doesn&#... |
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natasha | What is a simple definition of "equity" as it relates to home ownership? |
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 |
 
hithere2ya
 |
Equity is the difference in the balance due on the mortgage and the value of the real estate. Equity can be created either by paying the principal down, appreciation in value, or combinations of both. |
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wardspirit
 |
Equity is what the market price is. |
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unclejesse1
 |
Current Appraised value of the home minus mortgage amount = equity amount.
EX
Appraised for $150,000 - Mortgage is $100,000 = $50,000 Equity |
|
Thin Kaboudit
 |
Equity is the difference between what a house is worth and what you still owe on it.
For example, you buy a house for $100,000 and live in it for a year, paying your mortgage. Now you owe $99,000 on your mortgage, but your house value has risen to $103,000 over the last year. You now have $4,000 equity in your house. Many institutions will lend you the value of your equity at very reasonable rates, because if you default on the loan, they get your house! |
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howaboutit99@sbcglobal.net
|
It's the differance between what you owe and what it appraised for in othewr words what it's worth. |
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tonalc1
|
The total amount you have paid so far on the house.
If your house cost $100,000, and you've paid $45,000, you have $45,000 equity. |
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chacio
 |
equity is the good part of owing a property, it's money saved in your house, that good part is that over the time it increases and your debt decreases so when you sale your home you have lots of money.. |
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nathan
|
A homeowner's financial interest in a property. Equity is the difference between the fair market value of the property and the amount still owed on its mortgage and other liens. |
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Jessie P
|
It's the amount of money that your house is worth, but don't owe.
For instance, your house is worth $100,000. You owe $75,000
your equity is $25,000 |
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