Archive for November, 2007

My boyfriend and I are trying to own a home?

Posted in Renting & Real Estate on 11/29/2007 12:00 pm by admin
michellekinnar asked:


We have not so perfect credit and we’re trying to own our own home. We rent know, and I know that what we pay in rent we can afford to pay toward owning our own home. We have two small children, and our living situation now is not emough to accomodate everyone here. Please!!! Are there any financing or privately owned financing companies that can assist us in finding a manufactured home?

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Why is a modular or manufactured home considered a vehicle?

Posted in Other - Home & Garden on 11/29/2007 08:28 am by admin
asked:


That is absolutely ridiculous!! I have heard that since they are considered vehicles they are had to get financing on and they are hard to resale. Does anyone else think this is crazy??

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Is a bank or a credit union better for mortgage loans? I am with a bank and heard that credit unions are a?

Posted in Credit on 11/23/2007 04:49 pm by admin
Mrs. G asked:


better way to get approved for mortgage loans, and are overall better. Is this true?
Thanks!

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Possible to reduce capital gains tax on home sale?

Posted in United States on 11/21/2007 10:46 am by admin
spence1209 asked:


My parents are selling their investment property to fund their retirement. However upon my calculations they are looking at a 45K hit in capital gains. I was going to suggest that upon selling they use a seller financed mortgage so that they will not be taxed on the full amount at once along with providing them a steady investment without any risk. Would this work?
What if they incoming payments were put directly into a Roth…would this still be taxable income? Is there any way to reduce this amount?

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How are sub prime loans, the US mortgage situation, the credit crunch , and Northern Rock related?

Posted in Other - Business & Finance on 11/18/2007 07:26 am by admin
dance_hall_qween asked:


How are sub prime loans, the US mortgage situation, the credit crunch , Northern Rock and the loss of city jobs related ?why is this all very important? and what does this say about the state of the economy?

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I am planning to buy a home outside the United States, I am wondering if I can get mortgage loans or personal?

Posted in Personal Finance on 11/11/2007 06:06 pm by admin
Ram asked:


I am planning to buy a home outside the United States, I am wondering if I can get mortgage loans or personal loans here in the US. If so who should I contact. Please advise. Thanks.

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of the total trillions worth mortgage loans in the US, what percent are subprime loans? ?

Posted in Renting & Real Estate on 11/06/2007 09:22 pm by admin
tariq h asked:


My guess is 95% of loans are not subprime and as such are NOT non-performing. If somene has $100 in the bank and $5 is eaten up it would not necessarily break the bank. Why is this exposure so burdensome that solid companies like lehman brothers are forced to go under?

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how can i get prequalified throug a finance company to buy my first?

Posted in Renting & Real Estate on 11/01/2007 03:44 pm by admin
cedreanawil asked:


im a first time home buyer and i need to know what steps i need to take to purchase my very own home

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