72 posts tagged with house and mortgage. (View popular tags)
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Paid off mortgage -- how would new house purchase financing work?

Me and my SO completely paid off our mortgage a couple years ago. So, we have full equity. That's great, we're happy w/the situation. Now, if for whatever reason we decide to uproot and move to an entirely new city and/or state, how would the financing work? [more inside]
posted by anonymous on Mar 9, 2014 - 8 answers

 

All our eggs in one basket? First time home buyers...

My wife and I have been working and saving over the last 4-5 years. We've managed to pay off all of our debts and have gotten ahead. It feels great to be debt free, but we want to buy a house. We found a bank foreclosure that's been sitting vacant for 6 years as it slowly worked through the courts. We have just enough to buy it outright, but that will leave us almost broke. Should we buy it? [more inside]
posted by karst on Feb 21, 2014 - 28 answers

Time to buy a house!

I have a newly good income, a very tiny (yes, I mean very tiny) beginning of a savings account, shitty credit, a little (in the hundreds) debt and I want to buy a house. What should I do? [more inside]
posted by latkes on Jan 13, 2014 - 10 answers

How do I find a Mortgage Broker?

I live in Vancouver and I'll be looking to buy a condo this year somewhere in Coquitlam or New Westminster. I've never bought a place before and have literally no idea what I'm doing. I'm told a Mortgage Broker is my best bet but how do I choose the right one for me? [more inside]
posted by JenThePro on Jan 2, 2014 - 6 answers

Can I buy my parents' house in a way that makes financial sense?

My parents have always struggled financially, living under crippling debt and never able to have an income able to match the bills, the biggest of which is their mortgage. I hate to see how difficult this situation is for my dad, and I want to help out for the sake of his stress level, and also because once he retires in a few years the math truly does not work out in their favor. I've been thinking of buying some land anyway, so I'm wondering if there is any feasible way to make this work for both my parents and me. [more inside]
posted by anonymous on Dec 8, 2013 - 20 answers

How do I swap houses with my mother?

My mother has suddenly got into a position where she cannot afford to keep up payments on her mortgage since retiring. The amount left she has to pay is £14,000. I have a mortgage of £72,000 left to pay on my own house. How do I go about tacking the £14,000 onto my own mortgage and swapping houses so she lives in my place mortgage free and I have her house with an increased mortgage? (Bonus points for a super easy fix for all this!)
posted by aqueousdan on Nov 17, 2013 - 12 answers

Appraising a property to split equity

I currently jointly own a property in the US, that both parties agree I should take sole possession of. I would like to get a realistic appraisal value, in order to buy out the other person. Is there anything particular that I should discuss with a potential appraiser when I contact them? Thanks! [more inside]
posted by carter on Nov 14, 2013 - 6 answers

Job Longevity and Buying a House

If I leave my current job, and I putting my ability to close on a house in danger? [more inside]
posted by theichibun on Jul 2, 2013 - 11 answers

Engagement didn't work out - but she's still on the mortgage

So I got engaged and bought a house with my fiancee. We lived together for a couple of years but it did not go well and she moved out. So I'd like to keep the house but do that I'll need to get her off the mortgage and off the deed. [more inside]
posted by anonymous on May 22, 2013 - 23 answers

Is my home going to be taken away? (UK homeowner, 2nd mortgage)

More details after the jump, but in short: Mortgage lender holds the deeds to the house after missing payments for years. I am trying to figure out what the imminent risks to the house are and if I could find a debt negotiator. Many thanks to you all. [more inside]
posted by seatofmypants on May 21, 2013 - 6 answers

Please help me go from "under contract" to mortage-holder

I am trying to purchase a foreclosed house with a homepath loan, but I do not qualify for a homepath loan despite excellent credit. Apparently a conventional loan will not work for the current condition of the home. Can you help me sort out my options in Virginia? [more inside]
posted by shortyJBot on Mar 3, 2013 - 7 answers

Buy a house without a spouse?

Buying a house while married but physically separated -- what are the possible issues? [more inside]
posted by anonymous on Dec 14, 2012 - 5 answers

House hunting tips

House hunting tips please. [more inside]
posted by k8t on Oct 20, 2012 - 25 answers

HARP: good deal or not?

I have a mortgage that is perfectly healthy. Should/can I do a HARP refinance on it? [more inside]
posted by miyabo on Sep 27, 2012 - 9 answers

Should I sell or rent my house?

Should I sell or rent my house when I move to a different part of town? I would just about break even in either situation. [more inside]
posted by ethidda on Sep 4, 2012 - 12 answers

Divest or encourage me with my fantasy!

Lickety-split, down and dirty house-buying advice needed. [more inside]
posted by mibo on May 29, 2012 - 15 answers

House down payment: Is bigger better?

House down payment: How much is best in the current economy? [more inside]
posted by svenx on May 8, 2012 - 13 answers

Help me find a lender!

Filtering through lenders for a mortgage in a home building situation. [more inside]
posted by phox on Mar 29, 2012 - 4 answers

I don't want to be buried in my own backyard

Underwater mortgage + growing family in small house = terror. How can we plan to get out of this situation in three years? [more inside]
posted by anonymous on Feb 9, 2012 - 29 answers

I Inquire ...

I had a high credit score, no inquiries and no late debt. I bought a car and refinanced my house with the low interest rates. But I am considering starting a small business and may want to borrow for that. [more inside]
posted by CollectiveMind on Feb 6, 2012 - 2 answers

Why would a person want a mortgage if they didn't need it?

Assuming that you could buy a house outright, for cash, why would you get a mortgage? A conversation got me researching this recently. Many articles suggest that if the interest rate is low, a mortgage is better. Yet I can't for the life of me figure out why paying low interest is better than paying no interest. A person with a 30-year mortgage usually ends up paying about 2 times the principal. School me, financial mefites. FYI: this is just a curiosity. I'm in no position to actually do this in reality.
posted by the jam on Jan 6, 2012 - 48 answers

How bad is owning half a house?

What's the legal liability ramifications of owning half a house? (I already have a lawyer. I wanted a second/English opinion.) [more inside]
posted by anonymous on Dec 28, 2011 - 17 answers

Can't cope with buying, can't cope with renting

I need help getting a mortgage on a property that needs minor repairs. [more inside]
posted by Violet Hour on Nov 22, 2011 - 6 answers

Moving up in the world - circumstances changing

Circumstances changing! Some financial help and advice needed! [more inside]
posted by anonaccount on Oct 29, 2011 - 9 answers

Delay in getting home appraisal report

We're in contract to buy a house. It's taking forever to get an appraisal. What's going on? [more inside]
posted by mikeand1 on Oct 26, 2011 - 12 answers

Renovation Opions on a New Home With Low Equity

What financing options are available for first time home-buyers who want to have some cash available after closing to make some repairs and renovations before moving in? [more inside]
posted by Inkoate on Jun 6, 2011 - 9 answers

Should we buy the fire house?

Earlier this month, there was a fire in the house my boyfriend and I were renting. Basically the attic fan caused a fairly extensive fire which moved through the ducts and damaged the roof and ceiling. Not much damage was done to the ground floor, other than smoke and water. My boyfriend and I are now considering buying the house, and are looking for advice and experiences you might have for this situation. [more inside]
posted by odayoday on May 25, 2011 - 14 answers

To ReFi or not to ReFi?

Is it smart to refinance my house now? Very Special Snowflake details on the other side. [more inside]
posted by anonymous on Aug 27, 2010 - 6 answers

Should I hurry up and get a mortgage while I still have a 'good' job?

Should I try to get a mortgage and buy a house before I leave my corporate-type job for a low and unreliably-paying creative one? Or is it possible I'll be able to do those things afterwards? [more inside]
posted by anonymous on Jun 2, 2010 - 15 answers

ET, Loan Home

Buying a house before starting a new job? [more inside]
posted by MsMolly on May 6, 2010 - 11 answers

Worried about house purchase falling through

(Should-I-be-worried filter) Spouse & I are buying a house in another city. The closing is on Wednesday (3 business days from now). Realty paperwork & mortgage process have all gone great, no hitches. Now, at 4:30 pm on a Friday afternoon, the Commitment Letter from our bank arrived but has a blurb asking both my spouse & I to provide letters from our employer certifying that we'll both be keeping our jobs, working from home in the new city. This was never part of the equation. [more inside]
posted by rpaxton on Mar 26, 2010 - 12 answers

Want to buy a house even though we are in lots of debt.

My wife and I have a LOT of credit card debt and no savings. We can now afford to start paying off the debt. We'd like to buy a house as quickly as possible, what can we do? [more inside]
posted by anonymous on Mar 23, 2010 - 38 answers

Is a short sale of my house a viable option?

I need to get out of my house, and it's not all due to financial reasons. Is short sale a viable option? [more inside]
posted by anonymous on Feb 11, 2010 - 10 answers

I own my home, no really.

So I've paid off my mortgage, almost. What happens now? [more inside]
posted by buxtonbluecat on Dec 11, 2009 - 8 answers

Can switched bank accounts equal automatic mortgage denial?

Title of bank accounts were switched on mortgage disclosure. We were approved with conditions today. Could I be denied a mortgage for this or is this something easy to fix? [more inside]
posted by grablife365 on Dec 8, 2009 - 3 answers

Help me guess my mortgage and pick my house

Finally getting ready to start house shopping and planning soon. I have two questions: is the total monthly mortgage payment really 1% of the costs and how crazy am I for wanting to try for a house in this range? [more inside]
posted by grablife365 on Oct 1, 2009 - 27 answers

Can we afford this $445,000 house? How can you tell?

Can we afford this house in California (just an example)? What "rules of thumb" or other measures should I use to determine what is "affordable"? [more inside]
posted by anonymous on Sep 20, 2009 - 17 answers

This indecision's bugging me....

I've got some doubts about our current SoCal real estate agent. At first, there didn't seem to be a problem. But recent events have made me wonder if we're wasting his time. [more inside]
posted by anonymous on Aug 8, 2009 - 15 answers

What do you wish you would have known before you sold your house?

What do you wish you would have known before you sold your house? [more inside]
posted by Twicketface on Jul 6, 2009 - 18 answers

Wrong time for expensive house maintenance?

Getting the exterior of my house painted: A dumb investment, given the economy? Or not? [more inside]
posted by anonymous on May 27, 2009 - 12 answers

Why have you forsaken our home, USA?

Why can't you claim the first-time home buyer tax credit if you've purchased the home from a family member? [more inside]
posted by scarykarrey on Apr 30, 2009 - 5 answers

Short sale? Walk away? Run?

My wife and I need to get out of our house ASAP for reasons both financial and mental-health-related. I've been told we may need to look into a short sale, but researching the process is making my head explode. What, if any, are our options? (more inside, obviously) [more inside]
posted by anthom on Apr 15, 2009 - 16 answers

What happened to PMI?

Why hasn't private mortgage insurance (PMI) softened the blow of the real estate implosion? [more inside]
posted by GatorFan2000 on Apr 6, 2009 - 14 answers

Buying a house soon: is it better to pay down my credit card partially, or pay off a small personal loan?

Buying a house soon: is it better to pay down my credit card partially, or pay off a small personal loan? [more inside]
posted by anonymous on Apr 3, 2009 - 5 answers

Info sources for refi rates

What are the best ways to find and compare mortgage refi rates and fees? (web sites, or?) [more inside]
posted by msalt on Jan 17, 2009 - 10 answers

Are we making a huge mistake?

Is it insane to buy a house in this market? [more inside]
posted by OmieWise on Dec 30, 2008 - 17 answers

Help me learn to buy a house!

How did you learn how to buy a house? First-time homeowner needs some guidance. [more inside]
posted by sah on Nov 1, 2008 - 25 answers

First time home buyer looking for advice on terms and conditions

Just about to make our first ever offer on a house and need advice on terms...help? (lots more detail in click) [more inside]
posted by Kickstart70 on Oct 14, 2008 - 10 answers

If parent transfers house to me, how can I get mortgage tax deduction?

Can I get the mortgage tax deduction if a parent transfers their house to me and I begin paying the mortgage without going through an actual sale and real estate agent/commission process? [more inside]
posted by KimikoPi on Oct 4, 2008 - 5 answers

Is Bi-Monthly Really Better?

Is it really that much better to pay off a mortgage in bi-monthly payments rather than once-a-month payments? [more inside]
posted by Spyder's Game on Oct 4, 2008 - 13 answers

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