Category Archives: Renting & Real Estate
If you have bad credit, but good income can you still qualify for a home loan in todays housing market?
mt asked: Is there any sort of insurance that one can buy that would provide the lender assurance against one’s bad credit?http://1mortgagecalculator.info
Can one withdraw from a sale of a real estate property if one can no longer pay the monthly amortization?
freak asked: I lost my job and I would like to withdraw from buying a property for which I have already paid the down-payment. Do I have the right to demand for at least some of the monies I have put in?http://1mortgagecalculator.info
Is negative amortization a good idea to refinance my house?
Jared K asked: Here’s the scenario: I’ve been offered by my lender into a 1% neg amortization with a 50K cash out. I do have enough equity to apply for this loan. My monthly payment will be reduced into half compared to my current rate. But the downside of neg am is at the end … Continue reading
How can you get an apartment in Chicago with bad credit?
vanillaeclare asked: My friend is trying to get an apartment and has not been approved yet. He applied for two different apartments, both of which he was not accepted due to his bad credit. What can a person do to get around this problem. He makes plenty of money, he just has a bad credit … Continue reading
When calculation FFO in real estate, how do you calculate amortization? Is it the actual principle paid?
Tim asked: FFO = Earnings + Depreciation + Amortization – Sales…. What is the amortization? Is it the amount of actual principle paid on the loan in that year? principal… oops!http://1mortgagecalculator.info
I need a loan to buy a home but its a mobile homeand i need the money for the well and septic.I have bad credi?
girlythingz@rocketmail.com asked: I have some where to put it but its not my land…Where can I borrow the money to do this…I need between 30000 and 40000…any ideas would help …thanks.http://1mortgagecalculator.info
What is benefit of amortization for lender and borrower
Jerry F asked: Why is it beneficial to use amortization basis, say for a 10 year mtg amortized over 30 years, when refinancing an apt house rather that to pay it off say in a 30 year time frame at a fixed ratehttp://1mortgagecalculator.info
What credit card info is needed for buying a house?
Lissa asked: I’m a stay-at-home mom with a large credit card balance. I have no outside income. My husband may be taking a new job which will require us to move. My credit card debt is in my name only, and my husband does not know of it. I was wondering if at any point … Continue reading
How does mortgage prepayment affect future amortization? I’d like a spreadsheet?
Robert asked: I’m about halfway through a 15-year, fixed-rate mortgage. I have an amortization schedule from when the loan was originated. I would like to see how irregular prepayments to principal affect the amortization going forward. About $200 of my monthly payment goes to interest right now, and declines slightly by month. If I pay … Continue reading
Is there available software that will help figure negative amortization would be reached in a mortgage?
DR. C asked: I received a re-fi mailer that offered a .25%/7.64% interest only 30 yr ARM with fixed payments for the first 10 years or until NegAm ceiling is reached. I would like to be able to figure when the NegAm would be achieved and see if this is ridiculous or what. Any help … Continue reading
