Simultaneous sale and refinance or stay put?
I have a dilema. I am in an ARM set to adjust in August 2008. I have a 12,500+ prepayment penalty that falls off in June 2007. If I refinance and keep the house I would have to get a new mortgage at around $ 400k. If I sell the house outright I could sell it for $ 430k. Should I sell take the profit and move into an apartment for a little while and save as I want to move out of state within 2-3 years. Sell my existing home and purchase a cheaper home by rolling the profit from the sale of the home I am in now. Or should I stay in my existing home by refinancing and getting an FHA loan. My motivation to stay is to keep my daughter in her school which she loves and doesn’t want to leave. The purchase of a new home in the area and an apartment would allow me to do so. Once she finishes 5th grade I plan on moving to the NC area.
Categories: Mortgage Tags: 3 years, Apartment, dilema, existing home, fha loan, motivation, new-mortgage, prepayment penalty, refinance house, refinancing
Am I better off with a mortgage or a home improvement loan?
I will be purchasing a new home that needs a little work. The sale of my apartment will just cover the purchase price on the new property. If I will need some funds available to spruce up the new place (around $ 30,000), would I be better off taking out a small mortgage or getting a home improvement loan ? I have good credit.
Thank you.
Categories: Mortgage Tags: Apartment, home improvement loan, mortgage-loan, purchasing a new home
Sleeping with the Enemy
Hi, My situation is a little sticky. I have been with my husband for 20 yrs, but only married for the last 6.5 yrs.
Categories: Mortgage Tags: alimony, support, Apartment, becoming-more, child, child-together, going-through, groceries-gas, house, leave-or-hire, stay-at-home
Single friend died with no will – what rights do we have?
I have a single (never had any children) 57 year old friend – John - that died the end of April (in the state of NC) – where he lived in an apartment with another friend but the lease was only in John’s name. He has one sister that lives out of state as well as an 80+ year old father out of state. His rent was not paid for the month of May because he was in the hospital and was unable to pay the bill and died while in the hospital.
Categories: Mortgage Tags: 15th, Apartment, belongings, credit-card, friend, hospital, Money, real-estate, state
need advice about a family case
hi! I am so happy I came across this website! No one wants to help me with any advice unless I pay them! anyway, here is my story....my mother sold her home to my brother and his wife(with her help). They still owe her over $50,000.
Categories: Mortgage Tags: Apartment, apartment-built, both-occasions, Brother, brother-seems, call-the-cops, cause-trouble, down-the-stairs, house, mother, shirt, stairs, turn-the-heat, verbally-abused, violence, abuse
Apartment Fire
On April 18, 2011 our apartment unit was involved in a fire that was started by maintence crews.
Categories: Mortgage Tags: Apartment, apartment-unit, belonging, bills-because, damages, from-the-smoke, includes, landlord-tenant, school, since-the-fire, TIME
Pennsylvania, Disorderly Conduct, Simple Assault, Drug Paraphernalia.
On Friday April 29th, 2011 my neighbors in the apartment behind me got into a fight. The police were called
Categories: Mortgage Tags: Apartment, arrest-or-fight, bong, boyfriend, general - criminal law, house, neighbors, plan-on-calling, police, shoes, smoke-marijuana, tested-the-bong, the-police
Ex roommate
I lived with two other roommates last summer in a duplex. Two months over the summer I had to work out of state in Maine at a camp. We had agreed that while I was gone I would send rent, but not money for utilities, since I was not using them
Categories: Mortgage Tags: Apartment, carelessness, landlord, Money, over-the-summer, paid-the-cable, roommates, small claims, the-utilities, water
Job Transfer
I am being transferred out of state for my job. I am 7 months into my one year lease. What documentation will I need to provide, and what steps do I need to take to reasonably break my lease
Categories: Mortgage Tags: Apartment, being-transferred, buy-out, end, landlord-tenant, lease, moving, never-afford, one-year, reasonably-break, rest, the-rest, work
Plaintiff’s Motion to Deem Requests for Admissions Admitted granted: [my recourse?]
I live in Los Angeles.
Categories: Mortgage Tags: angeles-housing, Apartment, aside-the-court, chapter, Court, failure, landlord-tenant, rent, requests, section, tenant, voice