Someone is buying me out of a mortgage, what kind of taxes should I expect?

user2804921Oct 27, 2018

About 9 years ago, I co-signed a loan for a mortgage with a family friend. I basically was just a co-signer, I didn’t contribute to the down payment or any of the...

Does the official county appraisal count for PMI calculation?

PhilOct 27, 2018

I contacted my county’s tax office today and I was told that my home is appraised $7,000 more than it was a year ago. Great news, especially as I’m fighting...

Discount point maximums and Taxes

Tom SOct 27, 2018

I’m currently considering a jumbo loan mortgage (667k) and paying down as many discount points as possible to reduce the interest rate. I’ve asked several...

At what point does a rate bait and switch become fraud?

Yozarian22Oct 27, 2018

I’m currently in the process of buying a house. Once the price was negotiated and agreed upon, I solicited quotes from various mortgage brokers. One offered a...

Will refinancing my auto loan hurt my mortgage approval or help it?

dev_feedOct 27, 2018

My wife and I are currently selling our house and intend to finance a new home within the next few months. Would refinancing my auto loan hurt or help our max possible...

How to fairly divide a jointly owned house (not with a spouse)?

DarcyThomasOct 27, 2018

So I am looking at buying a house jointly with my cousin. I have a higher income and better career prospects, they have a larger proportion of the deposit. Neither of us...

Capital gains tax on my home sale where my dad was sole owner

WagtailOct 27, 2018

3 years ago I paid to buy a house for $47,000 but was fresh out of college and therefore could not qualify for a mortgage, so my dad signed on the house. After fixing up...

Calculate APR from balloon loan

MulOnPommOct 27, 2018

I need formula to calculate nominal APR from balloon loan with contract fee. The initial data and payment schedule is: Loan sum: 10 000€ Interest rate per year: 15%...

What other questions should I ask my mortgage provider?

MortgagorOct 27, 2018

I am in the UK. In January 2007 I took out a 25 year repayment mortgage, which permits overpayments (which may be set up to either reduce the term or reduce the monthly...

Increasing downpayment v.s. Prepayment

qspOct 22, 2018

I want to apply for a mortgage loan of $100,000 with $10,000 down-payment. The loan should be paid in 15 years, and the interest rate is 4%. Suppose I can have $20,000...