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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 mortgage.
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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Our mortgage is about 4 years from being paid off. The maturity date has moved up from what it would have been since for years I've paid extra principle with every payment.
As we built equity in the house we took out a home equity line of credit to use...
Started by Rich-L79 on
, 15 posts
by 11 people.
Answer Snippets (Read the full thread at chevelles):
I don....
If you put the balance on the line, kind of why I posted this up .
I think that since you paid most of the interest on the mortgage in the beginning, you're paying on the mortgage in the beginning, you're paying mostly principal now.
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Hi,
I'm hoping that someone on here is going to be able to help me? My wife and I are hopefully buying a New Build Home and we were told by the builder that we had to use New Homes Mortgage Group (NHMG) as it is a shared equity mortgage 80/20.
We got ...
Started by SEMSLEY on
, 8 posts
by 5 people.
Answer Snippets (Read the full thread at moneysavingexpert):
Hi
How did you get on with your mortgage?
We are currently looking at taking a mortgage through I need a 95% mortgage on a new build and my usual mortgage advisor can't get one
Skiptons deal.
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Ask your Facebook Friends
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My husband and I are trying to purchase a home along with my mother. Through our broker we applied to our current lender and was told the mortgage had been approved in principal subject to us providing documentation to prove our income. Our broker told...
Started by LStone on
, 14 posts
by 9 people.
Answer Snippets (Read the full thread at moneysavingexpert):
Santander couldn't tell....
On the BTL applications, not on the mortgage app for the purchase?
What's on the charges register have a joint mortgage on our existing property and my mother has a mortgage on hers, no loans mortgage.
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I am 85 and I want to simplify the execution of my will.
I have zero indebtedness. My estate value is approx $1.5 Million.
The problem is that 85% of my estate value is my home equity, which was $1.2 Million market value in 2005 before the real estate...
Answer Snippets (Read the full thread at money-talk):
In such a sour market as today, I might need to Will the property to a person with a mortgage between negetive mortgage interest....
You made some good value.
Estate has a Austin MLS search and info on mortgage interest rates Thanks Tim.
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The FT article:
http://www.ft.com/intl/cms/s/0/9c46eaae-501e-11e1-a3ac-00144feabdc0.html
Snippets:
Investors in US home mortgage securities will be forced to write down a “substantial” amount of principal – up to $40bn – for distressed borrowers as part...
Started by Sudonim on
, 11 posts
by 4 people.
Answer Snippets (Read the full thread at morningstar):
Plan on Mortgage Relief
http://www.nytimes.com/2012/02/06/business/mortgage.
In fact, Donovan told FDL News, the “large Is Closer for a U.S .
In mortgage-backed securities, not the banks themselves.
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[Rant] US Bank Home Mortgage did not pay my property taxes Nothing right seems to be happening with US Bank Home Mortgage servicing.
When I purchased this property from the original owner it had been assessed at $50k (CA prop 13 will only let property...
Answer Snippets (Read the full thread at dslreports):
My bad experience was with CCO....
I promptly contacted the mortgage company 2011 income.
We closed, I did not realize that my taxes had not been paid .
Reply to hoyleysox
I had a similar situation with my mortgage holder last year.
Situation.
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So here we go, I think we're getting a great reduction from 6.125/30yr to a 3.375/15yr. We've thought about trying this before but we could never get a decent appraisal in our area and we had a 2nd mortgage tied to the property that held things up (the...
Started by wbnolefan on
, 14 posts
by 7 people.
Answer Snippets (Read the full thread at rivals):
A 15 ....
Additionally they charge no lender costs, points etc.
Originally posted by dero316:
I was told by 2 directly with US Home Bank who currently has my mortgage..
Directly with US Home Bank who currently has my mortgage.
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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):
Paid off the mortgage just short of our 50th birthdays and the only debt we've had in the past 3 from your home loan....
I was on my third home, fifth mortgage, and realized that the whole.
Happy to pay off my mortgage.
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Can i get a mortgage with 540 credit score and equity in the home.?
Started by Monica Bush on
, 4 posts
by 4 people.
Answer Snippets (Read the full thread at yahoo):
You need at least 620.
Back the mortgage? No lender will touch you with such a low credit score.
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