Renting & Real Estate - August 2006

I bought a house 6 months ago before I sold my condo. I borrowed the money from my brother for the new home until the condo sold. I have a written contract and have been paying interest. He is starting to get nervous, so I would like to take out a mortgage for the home to pay him back. Would this be a refinance or a home equity loan? Also, when the condo sells, I expect to still have a mortgage of about $40,000. Assuming I take out a new mortgage now on the house, when I pay 3/4ths of the loan amount off in one lump sum, will my monthly payments decrease or will the monthly payment amount stay the same, but the loan be paid off more quickly?

2006-08-01 09:01:45 · 8 answers · asked by staceyjim 2

2006-08-01 08:31:47 · 6 answers · asked by Anonymous

2006-08-01 08:17:56 · 10 answers · asked by phillyme311 1

Over the course of a year the total amount overpaid would equal roughly one additional monthly payment.

We are currently in year four of a thirty year mortgage but don't intend to stay in this house for more than five more years (if that).

2006-08-01 08:09:57 · 34 answers · asked by James R. Reed, II 2

2006-08-01 07:27:00 · 4 answers · asked by LEMMY 1

2006-08-01 07:21:37 · 4 answers · asked by kian82 1

2006-08-01 07:13:30 · 2 answers · asked by Anonymous

My brother says you can get a house with a very small down payment. I own the family home. Dad gave it to me before he died and I do not want to sell it. The family would be really upset. Its not worth much. Taxes says its worth about $65,000. I have invested a fortune here and now I need new siding and a roof, and some re-wiring. but think maybe I should just move to a more modern home.

2006-08-01 07:09:43 · 14 answers · asked by happydawg 6

I have land that has been appraised and I do not understand the codes and abbreviations listed.

2006-08-01 06:28:17 · 2 answers · asked by Uglo 1

2006-08-01 06:07:49 · 3 answers · asked by joyfish 2

i am in the process of selling my home to a good friend of mine and his lender wants to get a title search done but his company will do it for 400.00. can't i get done for cheaper

2006-08-01 06:07:35 · 9 answers · asked by jmpoct03 1

2006-08-01 05:48:07 · 8 answers · asked by jmpoct03 1

this man is a devious asshole that may try to sue me later. I need to write release statement that when he pick up his stuff he will not be able to sue me later. Should I take a picture of the stuff? Please advice. I will allow him to come to pick up his stuff up with a police stand by. But he may still sue me because he has nothing better to do. While I was not home, he allows other to enter the house and they took stuff from me and may have taken stuff that I do not know about

2006-08-01 05:43:55 · 2 answers · asked by June P 1

2006-08-01 05:38:15 · 2 answers · asked by jmpoct03 1

there has been many things that have needed attention in my apartment. when i ask him he either makes up an excuse or does a "half *** job". so i was talking to a couple of people and they told me there is a form that says i don't have to pay my rent, if he is not willing to fix anything.so can you help me?

2006-08-01 05:31:00 · 2 answers · asked by Anonymous

trying to buy a home

2006-08-01 05:19:52 · 3 answers · asked by dan c 1

I sighned a 1 yr lease, after 2 mo, i lost my job and told the managment i would be out in 30 days. Also at the same time the courts ruled i pay my back rent or move,i moved.
After i left they went in and remodled the entire apt, which took months.-----Now 5 yrs later, i'm getting sued for the 10 mo, of my lease.------I'm going to court,will i lose??????

2006-08-01 05:18:50 · 4 answers · asked by Anonymous

purchased home under land contract four years ago. After Katrina, found out realtor didn't have authority to sell, based upon another land contract with original owners. Now original owners are attempting to evict us from the premises. Have contacted an attorney, but it's going to be a costly attempt to get any retribution. Need to find goverment agency , or news help in what i believe was a fraudulent act on the part of the realtor, or even Mississippi State Board of Realtors

2006-08-01 05:08:51 · 2 answers · asked by lloydgreen1942 1

I own my own home. I have a mortgage that I paid before I even met my husband and now that we're married, I want to add him to it. I've already added him to the deed, but I figure if he's paying half the mortgage with me now, he should get the credit for it on his credit report, too, since it's a nice, big, positive. I know if you add someone as an authorized user on a credit card account, it'll report on both credit reports, but is there a way to do this with a mortgage?

2006-08-01 05:04:03 · 6 answers · asked by Mellie 2

Experts / the experienced - please help!! Am having a house buying nightmare. I am a first time buyer of a property...the sale was agreed 1st June 06. The vendor said she would move to temporary accomm and was in no hurry to buy. She has since found somewhere she wants to purchase - six weeks after my sale was agreed! And has now said that she really wants to hold on and tie it in.

Her sale is in really early stages, i.e. just sending off searches. I'm good to go and really really really want to be in mid August. She has really messed me about, agreeing to move in to rented, then changing her mind - this has happened twice; and her solicitor seems to be trying to push me in to doing what she wants, he has even accused me of causing her distress through pressure (I have met her twice and have - up to now been very chilled out and nice about it!)

If I threaten to pull out will she move along? Or will it backfire? What would you do?

2006-08-01 04:56:51 · 19 answers · asked by Anonymous

how much do u think it would be for the cheapest two bedroom house in surrey coz then i have to divide it by twenty five as thats how many years it takes to pay it back

2006-08-01 04:16:39 · 14 answers · asked by kim in guildford 1

2006-08-01 03:45:07 · 12 answers · asked by jmpoct03 1

If I do a 1031 exchange and the purchase price of the other property is less then the selling price of my property, can I use the balance to pay down the mortage of another property without being taxed on the balance?

2006-08-01 03:17:22 · 8 answers · asked by Richard H 1

For instance in my town (Witney Oxon) the house prices continue to rise even theough the average salary is too low to rent let alone buy a house. Also people are being made redundant in manufacturing and there is no new work for them.. Is it just a matter of time before we have a crash?

2006-08-01 02:52:01 · 18 answers · asked by Simon H 2

2006-08-01 02:49:32 · 5 answers · asked by jmpoct03 1

Normally I wouldn't ask, but I figured what the hell, maybe somebody wants to be nice and give me some property!!

2006-08-01 00:11:03 · 7 answers · asked by lestatooo1 1