My husband & our children are selling our home. We own 40k on it still & so are hoping to walk away with around 60k in pocket. We don't have the best credit & haven't totally agreed on where next to live so we will need to rent for a ti...
I live with my elderly mother that owns the home where we live. I do not have a “first-home” because I will continue to accompany her as she would not want to move .
Nonetheless I want to find a vacation property for us to enjoy, that in...
Housing Help Testimony…
When I was 40, (1985) after 23 years of marriage I was served with divorce papers and left to 4 young children on my own. Over half of the money I had from the sale of our house was immediately handed ou...
I've been told in the past by other advisers that if we have A HELOC we could take out a loan up to the max amount allowed and then when we sell the home we would not owe any kind of "income tax" because the money is a loan and would be pai...
I recently moved back to my hometown to help my dad with the family farm. I’m currently living out of a camper on the place while the site is cleaned up as all of the buildings ( house, barn, etc..) are not useable. The goal is for me to bu...
My husband and I are retirement age, and want to downsize and travel.
We have a condo right now that can bring us equity enough for us to buy a small place with that equity.
Just wondering if now is a good time to sell, or will have houses...
What type of loans would NOT be affected by the new penalty for good credit and high down payment fees?
I inherited a house and land from my daddy when he passed. My grandfather build this home. It needs some major remodeling. The siding is rotting (you can't find that kind of wood anymore), it needs a roof and gutters. This home has to stay...
My wife and I both live in Alabama and are trying to buy the house our daughter and her family are renting in GA. We got approved for FHA 252k and while doing paperwork we found out that we would have to move into house within 60 days bc t...
We are looking to reire this year. We now need to put on a new roof on our home costing $11,200.00. We are able to pull 1200.00 from our emergency fund. We have a home equilty line available to us with a interest rate of 7.65%. should w...
My wife’s health has stopped her from working. We got behind on mortgage payments. Now the mortgage company filed to foreclose. Can we still sell and save the equity? We live in Florida.
My husband took out a 401k loan, and he owes roughly $50,000.00 on it. He has 3 years left to pay on it.
My question is: our house is worth about $200,000.00 . We owe 70,000. And have 11 years left on our loan. 3.5 % interest rate.
I was ...
Hi we are a family of six and need an extra bedroom. I have contacted a few lenders about loans for adding on, but I’m only hearing about 10yr home equity lines of credit. Anyone familiar with other options I should look into?
Mortgage is 280000 and payment is $2750 with a 4.375% interest. Payment keeps going up with increasing insurance and taxes. Does it make sense to sell and take the $400000 in equity then purchase another home for $580000 with the money and ...
I currently own a three flat apartment and owe about $67000.00. Would it be wise to take out a Home Equity Loan to get the 20% to purchase a family home?
Hello, I’m trying to help my 43 disabled daughter who receives $600 SSI check, food stamps, and health insurance get a place of her own. She currently lives with us. I want to buy a condo for her and can afford $50k down payment on maybe a ...
Happy New Year, I am looking to purchase a family house. My question is what is the difference between putting 5% down compared to 20%?
Hello, I’m 29 years old, single. I have about 30K saved up. My lease is up in February and I’m out of the country visiting family until March 1st week 2023. I have been renting for the past 5 years and willing to buy a house. The only optio...
I’m a 33 year old single two year home owner. My home is up in value, about 50-60k more than I purchased it for. I’m not “married to the home and feel that it would be a smart financial decision to sell the home, rent for a year or so until...
I'm having a disagreement with a good friend. I'm going to be selling my house the end of next school year and moving up north (I currently live in Central FL and will be moving to SW Indiana) to be closer to my grandsons (5 & 11). My bathr...
Currently renting and getting ready to retire and move closer to children. Should I buy or rent?
Will have social security, draw from 401b, and have enough in savings for a sizable down payment and otherwise debt free. I don’t like the id...
My fiance has some money invested that her parents put in an investment account for her when she was a child. It is not in a retirement account so there is no penalty for withdrawing the money, other than paying capital gains. My question i...
My wife and I purchased a 9 acre parcel just shy of a year ago and finding out that building in todays market is far more costly than first determined. Question is do we hang onto it and pay it off or do we sell it and find a home we can af...
We are trying to decide how to pay off our house. I'm retiring this year and have a decent retirement through work. In fact, if I pay off my house I will make about $900 more a month than while working. Here is the rub, we have about 28...
Does refinancing my home affect my credit?
We bought our home just over a year ago and the value of it has already risen significantly due to this hot market (close to 150k). The main floor of our home is in need of some pretty major remodeling. New flooring, baseboards, and doors t...
Hi, I sold my home in the summer of 2021 and moved into an apartment with my sister, so we share the rent. I also pay for 3 Uboxes (storage units), but the cost is several hundred dollars less than what my mortgage was. The rent will go up ...
Hello, should I rent or sell my condo given it's a sellers market?
My husband and I are trying to buy out first home we have the 5% down and are looking at a 360,000 home with a mortgage of no pmi. Based off of his credit score I’m not currently working but I’m working on my master’s degree and will gradua...
With inflation rising, is it a good idea to pay more towards the principal on my home? The interest is 3.25. My husband and I are retired and we have the extra income each month to pay more on the principal. Just wondering if it would b...
I have been working hard to pay off my house. Now my parents would like me to move back home with them to help take care of them. They live in a different state than I do, I would have to sell my house and move there. So first I could use a...
I’m 56 ; I’m only 3 years into saving for retirement Bc I was a “sub” at USPS for 20 years and these years don’t count , nor do they contribute to my pension. I had to start over in life Bc of divorce 9 years ago . I have about 1k left on ...
My husband is retiring early from one job at 58 years old, but will continue to work full time. Is it wise to use a lump sum from his retirement funds to purchase a house? With no house payment, we would contribute to a new retirement accou...
We are planning to build on our homestead property (owing about 20k). The cost of the barn with barndominium will be between 100-120k. We are still both working and living in city with a house payment. With the sale of our house (equity 7...
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