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1
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1answer
50 views

taxes on home if quit claimed to son in entirety, but mom still lives there

Will my thirty-year-old son have to pay taxes on my home if I quitclaim him to the title? What if he just owns one-half of the home; how will that affect his taxes? We live in Boise, Idaho and he ...
0
votes
4answers
186 views

How can we force one of the joint owners of a shared property to sell it?

I live in CA. I co-own a house with my sisters. The older sister is living in the house in Texas and won't speak to us, so cooperation is not a solution. How do we get her out of the house so we can ...
1
vote
1answer
78 views

What sort of demands is it reasonable for a home loan lender to make on the borrower, if any?

What sort of demands is it reasonable for a home loan lender to make on the borrower? For example, if a first-time home buyer with a FICO score in the 600s relocates to another city and applies for a ...
0
votes
1answer
47 views

Home Ownership Entitlement [closed]

I need some advise please. Me and my girlfriend bought a house together. The cost of the property was R720 000.00. I gave R500 000 cash and she got a bond registred in her name for the remaining R220 ...
1
vote
1answer
84 views

Inspection Contigency - Form 35 (NWMLS)

After a residential home inspection has occurred, and both parties have signed/initialed an inspection response (NWMLS Form 35R); What are the buyers options for recourse when the seller does not ...
-2
votes
1answer
105 views

Sell your home and invest in growth stock mutual fund

I purchased a home and I made and agreement with a guy who is living in that home and paying me monthly rent. Since I live with my brother I don't have to live in my purchased home. The rent I'm ...
1
vote
2answers
79 views

Who does the Title Company work for?

Whe buying a house or piece of property, does the Title Company work for the buyer, the seller, or are they neutral, just playing the part of administering the deal?
0
votes
1answer
67 views

Home loan for plot owned by my father

My father owns a plot, I want to build house on that land. Land is Corporation approved and all municipal corporation procedures have been followed and plan has been sanctioned for building the house. ...
0
votes
4answers
88 views

Mortgage Refinance

We are refinancing from a 30-yr to a 15-yr. Our current rate is 3.75%. The new rate for 15-yr is 3.875%. The loan is costing us $10,000 which is included in the loan. Our payments will go up approx. ...
1
vote
2answers
71 views

Is Quit Deed all I need?

I would like to get the title of my late grandparents house out of his trust, and into my name (Grandson) and my uncle's(Son) name. Should I get a lawyer or is this really all I need. Its Illinois ...
2
votes
1answer
198 views

Tax rebate on Home loan on mother's property

I have got a home loan from SBI on my mother's property. she is co-signee on the the loan. Can I use EMI paid for my tax saving.
3
votes
1answer
934 views

When to liquidate mutual funds for a home downpayment

I have about $18k in mutual fund assets that I am planning to use for a down payment on a home within the next 1-2 years. Combined cost basis for the assets in question is +$2,800. Right now the asset ...
7
votes
2answers
336 views

What are some strategies to determine how much I should spend on rent when I have a lot of savings?

I'm fortunate enough to have saved a lot of money over the years, and have nothing specific that I'm saving for (it will be at least a few years before I start a family). This is great of course, but ...
3
votes
1answer
89 views

Can multiple inquiries with only one mortgage lender over months hurt your credit?

We applied for a home loan in the beginning of January and was told to wait 2 months. I want to know if multiple credit inquiries from only ONE lender will hurt or does it count as one creditor? Over ...
14
votes
2answers
630 views

Seller refuses to accept offer on home until after inspection

I'm currently trying to buy a home (that happens to be a foreclosure), and the bank who owns it is allowing us an inspection period, however they are unwilling to accept our offer until after the ...
2
votes
4answers
604 views

How do I know if Home value is likely to go up?

When looking for a home to purchase, I have heard that location is an important factor in determining whether the home value will go up or not. What things would I need to look for when purchasing ...
6
votes
3answers
2k views

How to pay more principal on home loan?

This is how I pay off my current loan for my condo. Principal and interest - $1,867.27 Escrow payment - $776.63 Total monthly payment - $2,643.90 When I go and look at the transaction detail. This ...
1
vote
2answers
209 views

Credit card transactions for personal finances

I have personal finance software installed on my mobile phone. I input all the info about purchases/spending in there so that I keep track of my money. Recently I've got a credit card with a bank. ...
5
votes
6answers
932 views

Keeping money at home

I was in the office of one of the investment companies and on the brochure they said that 13% of people keep money at home. I wonder if there is a good reason to do that. even if banks would fall ...
7
votes
3answers
3k views

How to get a down payment for your next home? Use current home as the down payment on the new one?

I bought my first home last year; it's my primary (and only) residence. I intend to pay off the mortgage in 5 or 10 years, then sell the house and buy a bigger one. The new one would cost 2 to 3 times ...
7
votes
5answers
606 views

Smart to buy a house in college?

My brother and I are still in college, but we have quite a bit of money saved up from various online businesses we own. We are looking at places to stay next year and are considering purchasing a ...
3
votes
2answers
477 views

How to calculate interest tax deduction for a mortgage?

I am trying to ascertain the effect of the mortgage tax deduction on my bottom line. The various calculators I found are confusing to me. Specifically, I want to know how much less I'll pay in ...
16
votes
2answers
534 views

What are the primary risks of buying a house in a short sale?

What are the primary risks of buying a short sale home? I've been looking at it as a way to buy a home cheaply, and I understand that repairs may be in order. However I've been warned (in general ...
4
votes
2answers
183 views

Buying a short-sale property with repairs needed

I'm looking at purchasing a property that might require somewhat extensive repairs to one of the buildings on the lot (charred timbers in the ceiling of the detached garage/barn from an old fire). ...
7
votes
2answers
112 views

Should I purchase earthquake (or other disaster) insurance?

We recently purchased a home. The other day we sat down with our insurance agent to go over our coverage and make sure we were happy with it. Insurance for most disasters (fire, flood) have to be ...
3
votes
3answers
315 views

Ontario New Home Tax Rebate

I've been doing a lot of research on the new home tax rebate. There is a house we want to buy, listed with a realtor - the seller who owns both the land and the house is a builder (he bought the land ...
6
votes
4answers
149 views

Does it make sense to switch from a 30 year 6.99% loan to a 6.89% loan (Australia)

I have recently bought an apartment and have an outstanding loan for $200K. I looked around but the bank I presently bank with somewhat surprisingly offered me the best rate at 6.99% (discounted off ...
19
votes
5answers
534 views

Is a Home Warranty worth the money?

I'm a first-time homebuyer, and one of the stipulations of the down payment assistance program I have is that I have to buy a home warranty (which covers appliances, plumbing, roof, etc in case of ...
7
votes
3answers
353 views

Is it worth working at home to earn money? Can I earn more money working at home?

I am just started using basicallymoney.com... My question would be Is it worth working at home to earn money? Can I earn more money working at home?
14
votes
2answers
372 views

Is selling your house without an agent worth the hassle?

There have been numerous "for sale by owner" signs appearing recently. This seems like a convenient way to reduce the commission charged by Real Estate agents but I have heard that this is still a ...
7
votes
1answer
107 views

How can I save money on home insurance?

What are some of the easy or not-so-easy ways to save money on home insurance?