All Questions
14
questions
0
votes
3
answers
225
views
Home sale payment
My questions refer to real estate in the US.
When the buyer pays cash (i.e. without taking a loan), would it usually mean that the buyer will have to pay the whole amount in a single payment? Or is ...
0
votes
1
answer
189
views
How to calculate a loan constant payment (like PMT) but extra double paying (without interest) twice a year
This is my first post in this community, already tried to find my answer, and didn't succeed :(.
I'm working a way to understand the formula behind a loan that allows the client to extra pay the same ...
27
votes
5
answers
12k
views
Buy house with down payment, no loan, sell instantly
I just read Rich Dad Poor Dad, and I have no idea about mortgages, loans or real estate.
The author of the book describes a scenario in which a property is found for a cheap price (auction in this ...
5
votes
1
answer
1k
views
How to obtain "Negative Equity Insurance" aka "Home Equity Protection" aka "Equity Protection Policy" in the UK?
I'm searching for an insurance policy to protect against negative equity on a residential real-estate.
The risk I'm trying to protect against is that house prices will fall.
I'm looking for ...
0
votes
2
answers
53
views
When I shop for a direct lender, will the credit checks that they may do be bad for my credit rating? [duplicate]
Is it bad for my credit rating each time a possible lender does a credit check on me?
I need to shop for a direct lender in order to get the best rate for a first mortgage on a property I want to buy,...
3
votes
4
answers
860
views
Looking to buy a property that's 12-14x my income. How can it be done?
I currently have insignificant income due to the fluctuations of my line of work -- entrepreneurship.
I do not have any steady income and can't guarantee minimums always -- but I have done some ...
2
votes
0
answers
121
views
How to read loan estimate, what to look for?
We are buying a newly constructed house and have been trying to compare loans from 2 different lenders (builder lender and our own lender). They both sent us the loan estimate sheet in similar format ...
1
vote
2
answers
268
views
Credit Unions vs Bank Mortgage
I am a first time home buyer. My home-buying credit score is 620. I was recently preapproved for an FHA loan with my bank. The interest rate is decent at 3.75%, the only issue is I will have to pay ...
1
vote
3
answers
538
views
What is a tranche?
I am studying Collateralized Mortgage Obligations (CMOs) - My understanding is that the product consists of mortgages which have real estate as collateral.
The mortgages are bundled in batches which ...
2
votes
1
answer
138
views
Real estate loans for repairs
I am very interested in purchasing a foreclosed home that is sold by Freddie Mac. The outside looks great, but the inside needs some work. Basically, the previous owners took everything including the ...
2
votes
1
answer
2k
views
Can I take a loan against propety in my children's name?
I am from Chennai, India. The house which we are living in Chennai used to be in my father's name. My father has four children and I am the last one, daughter and I am widowed and living with my ...
10
votes
2
answers
36k
views
Construction loan for new house replacing existing mortgaged house?
Let's say I buy a home with an ordinary thirty-year mortgage, intending to renovate the house slowly and live there a long time (ten years at least). Five years into the mortgage, however, I decide I ...
4
votes
3
answers
2k
views
Can future rental income be applied to present debt-to-income ratio when applying for second mortgage?
If someone wants to purchase a second home as a source of rental income (and potential investment), would (or could) a lender apply the estimated future income from rent on to the present debt-to-...
26
votes
7
answers
12k
views
Why do people use mortgages, when they could just pay for the house in full?
I would like your recommendation on whether you should buy a house with a mortgage, which you would pay as you go, or should you buy it in full.