I’m having trouble finding the law that states the answers for these. I’m only looking for the law that will answer my questions.
When I take my monthly draw from the bank from my reverse mortgage loan is that considered income? Also can I deduct the interest when it is added to the outstanding loan balance each month.
I work for T-Mobile in sales but am about to take a financial care position with the same company. I am going to school right now for family financial planning so it relates more to my major. I will be getting a raise. Will it mess up my shot at a mortgage?
I have a personal loan with the bank for £15,000. I want to get a property, but I know I won’t be able to get a mortgage and pay the loan at the same time. I therefore wondered if it would be possible to incorporatre the loan into the mortage, so I basically add £15000 onto the mortgage. What do you think?
Don’t laugh, I’m serious! My brother and his wife purchased a historic home in Virginia recently, and there are several outbuildings on the property. One of them is a slave cabin. My brother doesn’t know what to do with it. He says he doesn’t know if he wants to look out the window at it every day, because it’s a pretty sad thing to see and think about. But he also says he hates to tear it down, since it’s a historically significant building in good shape that belongs with the property.
What would YOU do? Tear it down or keep it?
we konw vrey little ab out the holme loan bun
Buying a home for 122,000. It was just appraised at 140,000.
Is this good or do they always shoot high ?
And does this mean I have 18,000. of equity going in ?
i work for the post office been there a little over tree years now currently yearly income is $43,666.00
it depends on your standards of living and what languages you speak. there are many in Asia, South America and Eastern Europe, but going by your currency your English. I am assuming that you only speak one maybe two languages, but that is an assumption. Spain is really nice in the Mallorca region and I think the houses and standards of living are very affordable and reasonable. I am assuming also that you do not want to live in Asia, but if you do then almost anyplace other than Japan and Korea would be very inexpensive as well. Another place you might want to try is Italian country side, but you really have to scope to find a good bargain but they can be had. Try Greece as well. All these places are very English friendly and if you speak a romance based second language Spanish or Italian will be easy for you. Greece, that’s another story. Also, with the pound being so strong and the US dollar very weak, there are certain parts of the US that are more than affordable and probably only about a years salary for you. If you like privacy you might want to look into buying an island in Canada. You can pick one up for around 15,000 pounds. Sounds crazy I know but at least you can say you own your own island. It’s all about what you want and how you want to live. there are many affordable housing options in many different countries. Ask yourself first, what is the most important aspects of your current life you want to keep and what will you sacrifice. then after you have your list start looking for countries that meet your needs. best of luck.
So I found this great house to rent online with a pretty reasonable price. Then a few days later, I found the same exact house for rent on a different site, same address and everything but with a totally different price listing. Neither website is through the real estate company it’s through and on their actual website, they have no listings for rentals. I’ve tried to call the number listed and am only getting an answering machine message.
city on london or shall i move to a lower pace of life somewhere in europe, i.e cyprus, take a low paid job and chill out? a 29 something single male londoner who is going through a 3rd life crisis at the mo!
Its realy not as hard as you think. Everyone has to start somewhere, every home owner was at one point a FTHB. My advice would be to talk to a mortgage professional to outline your options depending on your credit and income. There are literally hundreds of loan programs that you will fit into. After you know where you sit financialy, and are pre-qulified you can start looking for a home.
matt
you probably could have couple years ago but not now
There are so many loan programs available today, it would be best for you to meet with a professional lender to glean what your credit score is, what remedies you can take to increase your score (rapid score submissions if possible) and what type of loan and interest rate you may qualify for. Please make sure you meet with a reputable person/company as there are thousands of predatory lenders out there. Good luck with pursuing your dream of homeownership!
besides the get rich quick sceems.
what’s happening with house prices, will they go down or stabilize anytime soon?
I have a townhouse I have rented out in Calgary, and my wife and I own a townhouse in Vancouver area as well….both have been going up quite a bit over last year.
what’s going on?
Will they go down soon, will they stabilize? When do you get to the point that townhouses or houses are JUST TO EXPENSIVE? for ppl to buy?
