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My wife and I own in full a coop apartment in NYC that is a second home. We would like to sell the apartment this year and use the profit to pay off the mortgage on our first home in Vermont, then invest the remainder. What tax codes apply, and how should...
Started by billtron on
, 15 posts
by 6 people.
Answer Snippets (Read the full thread at bogleheads):
Spend $50K improving the first home, and invest the....
Pay off the mortgage.
Option one: sell the second home.
Our mortgage on the primary home is just over $300K, at a fixed 4.75% with 29 years left.
And it will sell for over $600K.
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Hi.
I am wanting some advice if anyone can help.
I am 28 years old and want to get a mortgage. However, as I am renting it is practically impossible for me to save a deposit! I earn a reasonable salary (£30k per annum), have a secure job with a good credit...
Started by craigos28 on
, 20 posts
by 19 people.
Answer Snippets (Read the full thread at moneysavingexpert):
If you *really* want to get a mortgage and buy your own home then saving for the deposit financial trouble
do a virtual(pretend) mortgage....
Most for.
Have a think about whether you "need" a mortgage in these tricky times.
Down and saving.
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Hi, Bogleheads:
It seems like I’ve been saving for that far off dream of retirement forever ( actually I opened our first IRAs in 1983). Suddenly at age 59 I now realize that the finish line is in sight. I’m thinking that it might be nice to be mortgage...
Started by jnsolberg on
, 15 posts
by 10 people.
Answer Snippets (Read the full thread at morningstar):
Cheers,
JubeeTex jnsolberg....
Paid off the mortgage just short of our 50th birthdays and the only debt we've had in the past 3 to pay off the house.
So, your first $11,600 in all that tax baloney, mortgage interest.
Spending a single cent.
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Hi, please can anyone give me some advise please on a non regulated mortgage . My mortgage which i have is for a hotel (so commercial) and i have been told that it non regulated so the fsa cant help me. well the story starts in march this year i managed...
Started by gazhodge1981 on
, 18 posts
by 6 people.
Answer Snippets (Read the full thread at consumeractiongroup):
If you have a letter i could look at i would standards??? Hi there, in the first instance you need to find out exactly how they have calculated to understand their request....
Regards
Ell-enn the mortgage company is commercial first.
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Hi guys, have been reading through some of your advice on here and it is really useful stuff but can't find exactly what I am looking for, so have decided to start a new thread to see if anybody can help me with advice
Basically Iam a 25 year old male...
Started by matt2877 on
, 17 posts
by 7 people.
Answer Snippets (Read the full thread at moneysavingexpert):
Nationwide and Yorkshire able to get a house and really get... .
10% deposit required.
Bank, which was launched in 2009, is the first lender to offer a new mortgage at 100 per cent sinceI wouldn't ssit down with a mortgage adviser yet.
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Hi everyone. I was hoping for some advice on the following:
I am 40 this year and still have £13K of debts I am clearing. I currently still rent a property paying £420 per month.
I am on a DMP and have a Default Notice on my Credit Record.
I have a reasonably...
Started by abundant1972 on
, 12 posts
by 8 people.
Answer Snippets (Read the full thread at moneysavingexpert):
Quote spare cash into clearing my debts (estimated to be gone in 5 years) and then try for a mortgage assuming I could get a mortgage based....
Property will probably be cheaper in the next few years anyway .
I'd clear all debts first.
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Hi,
I successfully modified my first mortgage with Wachovia last year and have made all payments on time. I was unsuccessful in my attempt to modify my HELOC with Wells Fargo and am in default. My HELOC was not purchase money, so it is a recourse loan...
Started by Gettingreadytocall on
, 16 posts
by 8 people.
Answer Snippets (Read the full thread at loansafe):
The purchaser of the note looking for an underwater mortgage on ....
You can, however, have the judgment discharged) current on my first and underwater on the HELOC, so they sold the note.
You, there will be no 2nd mortgage to strip.
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Hi folks
I'm about to enter the scary grown-up world of mortgages and property ownership. I've tried to read as much as I can but finding it all a bit daunting. Wondered if anyone could please give me a top line idea of how my situtation might work out...
Started by Kiwikind on
, 11 posts
by 5 people.
Answer Snippets (Read the full thread at moneysavingexpert):
Using a declaration of trust your g/f contribution to mortgage
H is His....
Why would your g'f struggle to pay more than £300 per month towards the mortgage?
As would appear that you could afford to split the mortgage repayments 50/50.
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Hello,
I would like a little advice regarding purchasing our first house please.
Some key facts:
Im in a very, very secure job, 80% of our income comes from me, the misses is at uni and has a part time job.
Deposit: £60,000
Can borrow: £80,000 90,000...
Started by danhandy on
, 18 posts
by 15 people.
Answer Snippets (Read the full thread at moneysavingexpert):
Buying a compromise now isn't such a great idea - currently borrowing is cheap, whereas identical to mine save a few thousand... .
Of house value), solicitor fees, mortgage fees, estate agent fees when selling (1-3%), surveyor on a mortgage.
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Can i get a first mortgage with a credit score of 668?
Started by Elle on
, 4 posts
by 4 people.
Answer Snippets (Read the full thread at yahoo):
If your income supports it, you have the deposit required, you have no CCJs etc then i ... .
How long at the same job, why is your score 668, do you have other good trade accounts, and many more .
A lot more info is needed.
Only way to find out is to apply.
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