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Renting & Real Estate - February 2007

[Selected]: All categories Business & Finance Renting & Real Estate

I own a paid off 120-140k house. My credit score is 640 and quickly improving. I rent my house out and have an apartment but my lease expires in a month. My apartment costs 600 a month for a studio. Ive never been late ect. I found a condo with low fees monthly and its only 55k for a 2br 1 1/2 bath. What is the chances I can get a home equity loan for this condo with a 6-7% intrest rate? Should I go with a home equity loan or a totally new mortgage on the condo itself? The home equity loan has no closing cost while a mortgage will be around 3k in closing. I just dont want a home equity loan with more than 7% intrest. Anything more than that is ridiculous! Can I get it?

2007-02-21 16:43:53 · 4 answers · asked by hopes2graduate 1

I want to buy another home, move, & then sell my old home. Are there ways to finance the new home using the equity of the old home to secure the loan?

2007-02-21 16:37:41 · 6 answers · asked by sqeker48 3

The situation: Mr. Smith (the Buyer) hires Buyer Agent to represent and find homes for purchase. Buyer Agent finds home for Mr. Smith which is offering an additional $1,000 commission above the typical 3% to the Buyer Agent. Should the Buyer Agent disclose to Mr. Smith that he was offered the bonus?

Issue here is whether a conflict of interest exists or if Buyer Agent is free to negotiate with the builder for his/her commission without any notification to Mr. Smith.

What should Buyer Agent ideally do here?

2007-02-21 16:28:57 · 7 answers · asked by bud 1

My lease to rent my apt ends in june but I might need to get out of it earlier.

2007-02-21 16:24:07 · 5 answers · asked by EVELYN A 3

I recognize that the typical commission nationally is 6% and paid to the seller's agent. I'm curious what this amount is in Minnesota, specifically in Minneapolis.

2007-02-21 16:22:26 · 2 answers · asked by bud 1

I bought a "fixer upper" house 2-1/2 years ago for $60,000. I put $20,000 into it using various credit cards with 0% intro rates that are or about to run out. Meaning I will be paying a lot of interest if I dont do something in the next few months. The house now appraises at $145,000 so thats a potential profit of $65,000 that I can make. Plus I wont have to pay any capital gains on my profit because it was my primary residence for 2+ years. I am also on a 5/1 ARM loan because of the fact that I did not plan on living in this area that long.

I wouldnt mind staying in the house but I want to buy another property to rent out but dont have any additional funds to do so. Do you think it is better to sell of this house and pay off the debts and start with a clean slate? Refinance and pay off the credit cards and make a down payment on a rental house? or get a line of credit to pay off credit cards and make a down payment on a rental house?

2007-02-21 15:31:21 · 7 answers · asked by Anonymous

What is the best way to find a relator in South West PA who specializes in Multi Unit Property. Am looking for someone that has bought and sold those kind of property in the past.

2007-02-21 14:23:36 · 4 answers · asked by kizito2001 1

Im not sure if it makes a difference but it was in California

2007-02-21 14:19:08 · 3 answers · asked by Dar D 1

close to the city as possible

2007-02-21 13:54:37 · 10 answers · asked by Anonymous

i just purchased a home with an adjustable rate mortgage and am starting to make payments and have several options...is it better to add more to the principal or escrow as opposed to just paying the interest only payment..for instance my payment is $1000.00 and i usually but not always have some extra let's say $200 extra to put on the house payment...i have the choice to put the extra on the principal or escrow? which is the best

2007-02-21 13:43:44 · 6 answers · asked by tonerboy692004 1

2007-02-21 13:35:29 · 5 answers · asked by nitehawk 1

We are a company that is determined to show that we have the best interests of the customer in mind, and that this is the method of operation that we will not compromise.

2007-02-21 13:16:22 · 2 answers · asked by firstlibertymortgagecompany 1

will it be better to foreclose or file bankruptcy?

2007-02-21 13:12:37 · 3 answers · asked by William O 1

I am selling my home and purchasing a different one.?
Is it in my best interest to have a seperate real estate agent for the process of selling my home and a seperate agent for buying my next home.

2007-02-21 13:07:43 · 3 answers · asked by chatter 2

ok when my grandparents die i get the house my dad was spouse to get they was goig to give me house or give me intrest off the house which do u recomend is wort more an i also have money back i get wen they die they been saving money in it since i was a baby i wana know should i take house or should i take intrest off house i wana know which is wort more house value is 100'000

2007-02-21 12:51:11 · 3 answers · asked by jsh67911 1

Im a real estate agent and I have other real estate agent friends in other states and we came upon an idea to offer all of our potential customers discounts/rebates for using us to buy or sell a home versus other agents. Putting an ad in the yellow pages for example. Is this illegal in any state? Does anyone know? Also there are online companies that will market my services if I pay them a closing cost once I complete the deal, does anyone know whether that would be considered a referral and If we could get in trouble for that in some states or is that ok since they are calling it a closing cost and its not a percentage of my commission. Thank s

2007-02-21 12:33:34 · 5 answers · asked by mikeryono 1

I recently applied for a mortgage loan and the credit scores they pulled were all different than the ones I pulled less than a week before. One score was 31 points lower and another 20 points higher. Why is that?

2007-02-21 12:29:08 · 2 answers · asked by curious1 1

I have 3 questions:

1. Both he and I are on the lease. We both pay our portions of the rent separately every month. I have one room and he has the other. Does this mean that i'm liable to pay the entire rent until my landlord finds another tenant or I sublet the second bedroom? The lease doesn't expire for a couple of months.

2. He hasn't given us a 30 day notice; in fact, the landlord heard of his departure from me. Can he be sued or does this depend on the terms of the lease? I currently reside in Pennsylvania.

3. He is taking his refrigerator with him. Is the landlord supposed to provide one in the first place?

2007-02-21 11:51:19 · 10 answers · asked by myspacejunkie 1

I've had investors answer my questions and I've emailed them asking more questions with no response. What would an investor give me for my house? I am not finacially desperate just in much need of a bigger house!
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2007-02-21 11:33:41 · 3 answers · asked by lilmisssassy_48125 1

what impression would you give your hopefully new landlord when viewing his property for the first time, but without been too pushy or putting him off......to send the right signals across so he/she thinks your an ideal tennant who they would offer the property to you.....please no joke serious answers please

2007-02-21 11:15:32 · 5 answers · asked by dawn l 2

0

What does the future look like for Malibu? Will the city be a lot more developed in the years to come? Does the county have any plans to improve the roads and make the land more stable to prevent future land slides?

2007-02-21 11:11:29 · 2 answers · asked by ev1go 2

i'm trying to move into a new apt, but they can't verify my rental history because the apt i previously lived in was bought out by someone else and they claim their records only go back to '05 and i moved out dec 31 '04. isn't a law that businesses keep records for 5 years?

2007-02-21 11:08:24 · 1 answers · asked by nicnic_3 1

2007-02-21 10:50:12 · 4 answers · asked by Anonymous

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