I have found a graph of historical home equity loan rates on bankrate.com, but I am looking for the underlying data, so I can do a 3-year average. I found the equivalent for mortgage rates on Freddie ...
7.5% fixed rate 30 year mortgage, ~100k more than the house appraises for. 7 years into the loan. Variable 'extra' income between 20k and 30k net per year (new job!). No other debt and our only ...
I recently starting looking into purchasing a home and talked to a realtor if he knew how much any of the homes in the area went for. He said that a home across the street was purchased for 700k in ...
Suppose for the purposes of this question that you have (or can temporarily borrow) the entire cost of the house. Then you can a) get a mortgage on the house to pay off over a long time, or b) buy the ...
I viewed a model home that was originally priced at about $207,000. The builder is offering it for $173,000 since it was a model. He says that for this reason the home will already have over $30,000 ...
I'm trying to figure out whether it is a good business to buy a flat and rent it out. These are the numbers I have so far: Costs Property: 150,000 Downpayment (30%) : 45,000 Interest ...
I have been arguing for years with my colleagues that having house prices go up 10% pr year and salaries only 3-4% means that we have less money, not more. They in turn say that its not a problem ...
We have Private Mortgage Insurance on our house because we didn't put 20% down when we bought it. We've recently paid some extra money on the mortgage, and we now have > 22% equity. We've contacted ...
I am a relatively new home owner, having purchased my first home in October 2009. It was a $315,000 home, purchased with a 5% no-cost loan with I believe 12% down payment. I think the total financed ...
I have heard a few people say that "a house is not an investment" as an argument to stay in an apartment. (To me, this seems like a stupid reason, but that is not my question.) Of course, this is ...
I'm interested in tracking my net worth as a way of measuring progress and I'd like to include home equity in my net worth. How are you tracking home equity? Are you using purchase price? Average ...