mario asked:


Just found out my wife has been cheating on me, and I’ll be getting a divorce. Here’s the situation: We just refinanced our home in November and have virtually no equity in it. Since the housing market has turned, it’s unlikely that we’d get what it appraised for in a sale. So what are my options? If we both stop paying the two mortgages, it will go into foreclosure, but I’m unclear what would happen after that. Could someone please explain?
To answer a couple questions, I’m in the Seattle area. And the problem is that I doubt we could sell if for the amount that we owe on our mortgages.

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Nelson asked:


for example, 30 year fixed monthly payment?
How would I calculate it?
I need a formula.
using a cheap $5 dollar calculator with no financial functions.

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Amanda ♥s Lucy, Allie & Tyler;; asked:


I’m 22 now and I hope to buy a house next year sometime… I’m aware that it’s going to be a lot “harder” to buy a house with all that’s going on and I want to do it the correct way. I also want to be sure I don’t get in over my head. Is there anything specific I need to know? What price ranges should I stay in? & How much should I plan to hand over for a down payment? Anything you know would be GREATLY appreciated!

Thanks!

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Cami asked:


1, Private owners’s prices NOT prices from Real Estate agencies
2. How much income (in TT dollars) would be needed to get a mortgage to afford such house?
Buying, not renting

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Alfonso M asked:


I am looking to buy a house wondering if I could get some advice im In los angeles looking to buy a $170.000 house I make $19.00, ,how much would my monthly payments be,how much would I need for a downpayments,any good advice?

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Marty asked:


I work 40 hours a week at 10 bucks an hour… My girlfriend makes about the same thing… I have a half of a semester left in college and she has a year and 1/2 to go. Is buying a house a realistic possibility right now?

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edwin! asked:


to be able to pay it

30 year agreement
20% down

thanks!

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Didgeridude asked:


Was I a sucker?

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ochomeaga asked:


Am wondering if this is a good idea, to borrow money from the bank even if you CAN afford to buy a house on your own. I dont understand why people would do this, is it because of the risk factor??

Not only with purchasing a house for themselves but with flipping houses too. I would think that if one actually had the funds to buy the house then do it instead of borrowing from the bank???? Is there an advantage? Why would they want to be bothered with having a mortgage payment????

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Claudio F asked:


Assuming no other debt than mortgage, is there a list of income-housing prices that I can refer to?

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