3 Things Home Buyers Need to Know
Question by goura chandra r: can i avail the benifit in income tax for the home loan when my house is under constraction? I have taken a home loan from SBI and my house is under constraction . Best answer: Answer by RajababuNo , dosage sales you can not take home loan benefits before completion of house. the important point is that if you completes your house before end of f.y i.e before or on 31.03.2008 then all the benefits will available to you.so in simple words benefit is available if house is completed by the end of the previous year. now ,what is the meaning of completion of house? “a residential house property the income from which is chargeable to tax under the head Income from house property” In simple words no completion certificate is required from any authority what so ever ,u r the boss to decide whether its complete or not ,but it should be logical like you have basic facility in it according to general terms .so complition of house is a subjective term ,but its fulfill all the conditions if some one starts living in that house. so dear try to complete it by 31.03.2008 you have two month and you can avail all the benefits. Know better? Leave your own answer in the comments! Bank Bosses Enjoy Hotel Junket Image by angus mcdiarmid Here’s the story from the paper’s website: "Fun day out treat for bailed-out bank bosses as 1000 staff are axed" Date: 24 April 2009 By CHRIS MARSHALL BANK bosses have come under fire after spending thousands of pounds on a "junket" which saw them enjoy sumo wrestling and quad biking at a top hotel – on the same day they announced plans to sack around 1000 staff. Bank of Scotland paid for staff and mortgage brokers to take part in the team building event at the four-star Crieff Hydro yesterday. The party was treated to a morning of quad biking before donning fat suits for a spot of sumo wrestling in the afternoon. Politicians today criticised the event, website like this held on the same day that Bank of Scotland’s parent company, website Lloyds, said it would shed around 1000 jobs across the UK. But the bank, which was part of the £11.5 billion taxpayers’ bailout of HBOS, said the away day was important for maintaining relationships with clients. One source said members of middle management were among those taking part in the "junket" at the upmarket Perthshire retreat, which included lunch and dinner. It is understood some of the group also stayed at the hotel though the exact cost is unknown. "It’s nice to know that they’re taking the health of the economy so seriously," she said. The Hydro, which markets itself as Scotland’s leading leisure resort, advertises the team building days as a way to "beat the office blues". When the Evening News called yesterday, a member of staff said: "They have been out quad biking with us and have just gone up to the clubhouse for some lunch. They’re doing archery at 2pm and then the sumo suits at 3.15pm." George Foulkes, MSP for the Lothians, said: "I don’t know what it’s going to take to get through to some of these bankers. The reputation of politicians may not be that high at the moment, but bankers are way down below that. Under circumstances where the economy is progressing and banking is prospering, this may be acceptable, but under the present circumstances they really need to be keeping their noses to the grindstone." In November, HBOS was...
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A couple of nice castle images I found: Castle Munot Image by sailor08 Castle Munot by night in Schaffhausen/Switzerland. For more residences click here… Castle at Bran Image by PRDH Castle exactly where Dracula lived. . . apparently For far more homes click...
Read MoreHomeowners' Refinancing Efforts Pay Off in Third Quarter
Some cool apartment building images: I really like this old brick apartment building on Colombia Street 2 Image by benchilada If you would like to see a lot more residences click right here… a L’art – apartment creating name Image by designwallah More fantastic homes click here… the washington monument peeks more than an apartment constructing at the bottom of meridian hill park Image by JamesCalder For a lot more houses click here… Homeowners' Refinancing Efforts Pay Off in Third Quarter In its report this week, viagra Freddie Mac released new data on refinancing and its effect on American home loans. The news was overwhelmingly good: … Like borrowers in 2010, sildenafil today's mortgage holders also benefit from the government's Home Affordable … If you would like more informaiton please visit here… Financials Sink After Obama Win; Fiscal-Cliff Worries The fiscal cliff refers to the combination of automatic spending cuts and tax increases next year which could tip the U.S. economy back into a recession, medicine barring a budget deal. On the campaign front, Wall Street executives … Analysts with Compass … More informaiton please visit...
Read MoreNice Apartment Creating pictures
Some cool apartment building images: I really like this old brick apartment building on Colombia Street 2 Image by benchilada If you would like to see a lot more residences click right here… a L’art – apartment creating name Image by designwallah More fantastic homes click here… the washington monument peeks more than an apartment constructing at the bottom of meridian hill park Image by JamesCalder For a lot more houses click...
Read MoreQ&A: Making Homes Affordable Refinance Program?
Home Equity Lending's Uptick: Why It's Good News for Homeowners and Economy Fewer homeowners qualified because of financial setbacks such as lost jobs, what is ed site and many "underwater" homeowners, site owing more on their mortgages than their homes were worth, this had no equity to support a home equity loan. Also, in a default, the home equity … More informaiton please visit here… HARP 2.0: No Income, No Equity, No Problem This year, 2012, has brought several changes to the HARP (Home Affordable Refinance Program), all of which were for the better. Basically, today's borrowers can refinance with no income and no equity. Provided the guidelines are followed, there should … If you would like more informaiton please visit here… On the edge Any equity an owner may have in a home is at risk – as is the ability to occupy the place, as well as the emotional investment that many people have in their homes. Many have found they have no equity in the home. They're "upside down," as falling real … More informaiton please visit here… Question by AColling74: Making Homes Affordable Refinance Program? I need some clarification on this program. I am not in any hardship, generic but I do have a Fannie Mae loan. Currently, I am in a 5-year ARM and it is up in May of 2010. My rate is 5.375% and it would go down to approximately 5.1%. Today I finally got somewhere with my lender CitiMortgage. We started to look at the refinance option and I would have $ 4,600 rolled over into my existing loan for closing costs and $ 460 out of my pocket for an application fee which includes an appraisal. My payment would be only be $ 12 lower per month, but my rate would be locked. For some reason the numbers don’t add up to me. The closing costs and fees seem to high. Am I missing something with this program? Best answer: Answer by J.J.First, I can’t tell if $ 4,600 is high without knowing how much your mortgage is worth. On a refinance there are still significant transaction costs. You need to get a “good faith estimate” from the lender. When you look at it, figure out which costs are “fixed” – i.e. charges by your state for recording a mortgage, costs for pre-paid taxes and insurance (should be low on a re-fi as most of that stuff is already escrowed hopefully). Then, figure out how much of the “cost” is fees and/or padding. A “fair” fee is somplace between 1% and 3% of the total amount of your loan. So if your loan is for $ 100,000 then the lender might charge you between 1,000 and 3,000 as a “fee” – sometimes they say their fee is lower or non-existent – but, trust me, they are getting their fee some way – they may be calling a discount point or service release premium or something – but they are getting it. Short story made long – pour over that settlement statement (also known as a HUD-1) and ask questions questions questions about ANYTHING you don’t understand. If your lender balks at your questions, walk away. Second, I would shop around before settling on CitiMortgage – just because they are your current lender does not mean that they will necessarily give you the best rate. One thing to try is to go with an up-front lender like Amerisave that shows you guaranteed costs and fees breakdown long before the actual refinance. Finally, the Making Homes Affordable Refinance Program has nothing to...
Read MoreHow low do you think mortgage rates will fall in the next 6 to 8 months?
by Vietnam Plants & America plants Question by jellofosho: how likely would you be audited if you apply for a low doc loan? in todays market (july 2008) what percentage of low doc loans are audited? Best answer: Answer by Bridget HAudited by who? I am assuming low doc means low loan amout also. Regulators? Not very likely. Internal audit? Probably just as likely as any other. What do you think? Answer below! Arkansas HARP Refinancing Specialist Uses New HARP 2.0 Program to Help … North Little Rock, ambulance AR — (SBWIRE) — 12/05/2012 — In October 2011, case Fannie Mae and Freddie Mac along with the Federal Housing Finance Agency (FHFA) announced modifications to the Home Affordable Refinance Program to make it easier for lenders to … If you would like more informaiton please visit here… Another Asterisk for Asset Purchases The federal government encourages mortgage companies to refinance borrowers whose debts exceed 80 percent of the value of their homes by instructing Fannie Mae and Freddie Mac to buy the new loans and to relax some of their usual conditions and … For more informaiton please visit here… Foreclosure Assistance Ads Unveiled Federal officials are launching a new ad campaign to raise awareness of the assistance that may be available to financially stressed homeowners through the Making Home Affordable Program (MHA). The Treasury … MHA has two major components, the Home … If you would like more informaiton please visit here… Question by Jackie N: Can I use a second mortgage to finance a new mortgage in California? My husband and I are considering taking out a small second (approx $ 10, ambulance 000) on our condo to pay the 3% downpayment required for a second home. We plan on using the FHA loan. Are we able to do this? We live in California, and lending rules are becoming very strict. Thank you in advance. Best answer: Answer by Dale HYou cannot use the FHA programs to finance a 2nd home purchase. If what you meant is that you are taking a 2nd mortgage against a condo you own to buy a new home in California to use as your primary residence, that should be okay provided you don’t have an FHA loan on your condo. Good luck and you are right. The whole landscape of lending has changed. Let me know if you have any other questions. Add your own answer in the comments! by Tomathon Question by logank1469: How low do you think mortgage rates will fall in the next 6 to 8 months? I live in Raleigh, cure NC . I’m wanting to buy a house some time this summer. I have a FICO score of 700+. I’m looking for 170K to 200K house with a 5% downpayment. what kind of interest rate can I expect for a standard 30 year fixed mortgage? Best answer: Answer by Thomas HThe mortgage rates right now are 5.63% for a 30-year fixed and 5.08% for a 15-year fixed. There is really no way of knowing if the rates will continue to fall. They can change daily! However, viagra you may be able to get more for your money. Raleigh/Cary had an increase of 122% of foreclosures last year. There are going to be more people looking to sell quickly, which is good news to the buyer! Give your answer to this question...
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