 Live in Landlord? |
| I have been living in an apartment for over a year now.Sharing with a gay male. I have no problem with him being gay, i myself am straight. For the first couple of months things were perfect, but ... |
|
 Who should pay the bill, the landlord or us the renters? |
| My gas bill came out outrageously higher than in the past. Our gas bill would usually be of 15 dollars, no more than that, but this time it came out of 200 dollars. The gas company came down and ... |
|
 Whether verbal agreement is valid in property law? |
| Purchased a residential property with son in law and it was agreed verbally that on sale or one of us moving out that any increase in value would be split between us on basis of what each of us put ... |
|
 I'm thinking about leting my home go into foreclosure, to get a better deal on a bigger home. Is this smart? |
| I bought the condo last year brand new for 244,000 and now the builders are selling the same condo for the starting price of get this 189,000 for a 1,743sq ft 3bed 2.5 bath 2car garage. My plan was ... |
|
 Do i get a thirty day or sixty days to move? |
| ive been living in my home for six years and i live on a care home property. landlord has just sold the property. so im not sure if there are any other rights i had. nothing was written in my rental ... |
|
 Paying down the principle on a 30 year mortgage? |
| On our monthly mortgage bill there is a designated area to indicate if we are paying for principal only (after the initial payment). Do I still need to write a seperate check for a "principle ... |
|
 What is a definition of a SLUMLORD? |
our landlord is..... well.. he sucks!!!
he showed up askin about or leaky hot water tank.... but didnt even bother tryiong to fix or suggest fixin it. he asked my husband what he wants to do ... |
|
 RE: My landlord is being investigated for fraud, do i have to pay my rent? |
I posted a question earlier you can view it here - http://uk.answers.yahoo.
I would just like to ... |
|
 Why do people bither looking at a home that is for sale,? |
when they dont have the money, are just bored, ***** about everything to get the price down or are just nosey neighbors?
I hate "tire kickers"
Dont ppl have anything better to ... |
|
 Lein on house that I did work on? |
| How would I go about putting a lein on a house that I did work on. The people who own the house paid the company I subcontract thru, but the company did not pay me. Now I was told I could put leins ... |
|
 Mortgage pre approval question? |
| I am a first time home buyer and i just recieved my mortgage pre approval letter for $116,000 or a maximum monthly payment of 1281.09 including tax and insurance. I was wondering what should by my ... |
|
 Section 8 housing? |
| I am currently on section 8 housing. My boyfriend wants to move in with me. I was wondering I don't want to commit fraud but how long after he moves in do I have to tell housing assistance? I ... |
|
 Are house prices going to go down tis year? |
| we are first time buyers and cant really afford much so would it be worth holding on a little longer to see if prices fall?... |
|
 Is it safe to tansfer deposit money before signing a contract? |
| I was told by the agency it is normal to transfer the deposit funds + the rent in advance before signing the tenancy agreement. Is that true? Because of the amount involved, I can't help but ... |
|
 How can I buy a house when I am refused for a pre approved mortgage? |
| I only have enough money for a down payment but I still have to borrow a considerable amount. But according to the banks I dont make enough to buy a house. But I know once I get the house the ... |
|
|  |
Tiznow B | What is refinancing (in Real estate?)? |
The simplest explanation |
 |
 
magic621a
|
A typical refinancing goes like this.
Homeowner has a mortgage with a 6% interest rate, and he still owes $200,000. Nowadays, interest rates are lower, so he gets a refinance company to loan him the same $200,000, but with a 5% interest rate. Homeowner takes the money and pays off the first mortgage, and now owes the same amount of money, but with a lower interest rate. Homeowner saves money. |
|
*****
|
Getting another mortgage company to pay off your original high monthly payment/interest mortgage in exchange for signing a new mortgage contract with them so that you can pay a lower monthly mortgage payment. |
|
road_dawg_style
|
Mean you are redoing your mortgage, maybe to get better rates, or you have fallen behind in other bills and you do this to combine other bills with your mortgage to alleviate the headaches all the different bills. |
|
Stargate SG-1
|
1.) You owe $30,000 @ $300.00 for 10 yrs.
2.) The propertiy is worth $60,000.
You refinance, Now it could be like this:
1.) You get $50,000 - $30,000 still owing.
2.) You have $20,000 cash
3.) You pay $50,000 @ $500.00 for @ 10 yrs.
The 20 extra months on these examples would include the
interest and insurances. |
|
Nancy Kay
 |
When you own a house with a loan on it (that bank loan being the "financing" you used to buy it) and you want to get more money or a better interest rate, you go to a lender (or mortgage loan broker) and get a newer and better (or bigger) loan on the house. When the new loan closes, they pay off the old loan from the money and if there is anything left over the extra money goes to you.
That is RE-financing (or "refinancing") |
|
12252
 |
When you get a better interest rate on your home loan so you don’t have to pay as much. |
|
heehawfromall
|
PAYING OFF A REAL ESTATE LOAN WITH A NEW LOAN
THAT
OFTEN MODIFIES INTEREST RATE
OR OBTAINS CASH EQUITY FOR EDUCATION OR OTHER PURPOSES |
|
Moxie1313
|
You find a bank or lending institution who will give you a better interest rate on your mortgage(a loan that lets you buy a house). Most mortgages are about 30 years. Interest alone can add up to over the entire cost of the house! Like if you take out a loan for $150,000 you actually end up paying back $300,000. So if you can refinance your loan to a lower interest rate, you pay less interest over time. |
|
Sarah
|
Let's say that you have 20 year mortgage at 8% interest, and interest rates are now down to 4%. You'd like to get a new mortgage at 4% instead of 8% to save alot of money. |
|
Earl J
 |
It is getting a new mortage loan to replace your current one.
Reasons for refinancing vary... to get a lower rate, to change the repayment term of the loan, or, perhaps most commontly, to "cash out" equity in the property. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
10 | 18 minutes(s) ago
| | | |
9 | 28 minutes(s) ago
| | | |
10 | 46 minutes(s) ago
| | | |
10 | 3 hour(s) ago
| | | |
10 | 6 hour(s) ago
| | | |
10 | 7 hour(s) ago
| | | |
10 | 11 hour(s) ago
| | | |
10 | 2 day(s) ago
| | | |
9 | 3 day(s) ago
| | | |
10 | 5 day(s) ago
| |
|
Homepage 
Financial
Forum 
Renting & Real Estate 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
