Why do some definite estate properties plug that they hold no city taxes?
I thought will all properties you have to pay city taxes. I live surrounded by San Antonio, TX.Answers: If the property is outside of the city limit within will be no city taxes. There will also be no services provided by the city. There would still be county taxes, and your services would be provided by the county.
they are not in an incorporated town/city that have city tax.
here is still county tax.
My husband and I in recent times get approved for a refinance next to our mortgage. Our current mortgage rate is %6.37 and w
My husband and I just get approved for a refinance with our mortgage. Our current mortgage rate is %6.37 and we be approved for a lower rate of %5.75 locked in for 30 years. I merely found out today that the Feds are going to make another cut of one partially of a percentage point Jan. 29th-30th. We are in doubt as to what ruling to make. We already locked it surrounded by at %5.75 but there is still time for us to spring out. Should we go near it or wait until the subsequent Fed cut and get a better buy and sell? Someone please help!Answers: Any Fed rate cut will not affect long permanent status mortgage interest rates. While it is possible to get a lower rate than you are locked at currently, I don't own all your details to know what you qualify for, so I would right to be heard that you should keep what you own; 5.75% is still a great rate.
this is one of those "what if" questions.it's other good to try to reclaim money but do KNOW the fed is going to lower the rate?from what i hear it's a maybe.
can you afford the 5.75% comfortably?
resembling most things you pays your money and you take your probability.
i am one of those who believes a bird in the appendage..
in short here is no way i can trademark this decision for you.
you still enjoy to make the payments.
When and if the world bank lower the rate will have impressively little effect for sometime on the mortgage rates.
Now that you are locked in at today's rates. Do you unlock it and filch a chance to see if it attain lower? What would happen if it go up instead? Your locked in today and I don`t know not tomorrow.
A lot people giving direction are also looking to give you a loan (its not suggestion, its advertising), if they are not local to you and you can’t get to them inside 1 hour don’t fall for it. They utter they are licensed in adjectives 50 states, what does that mean? Which state do you enjoy to look in first if something go wrong? KEEP IT LOCAL, STAY SAFE.
Remember Buddha's advice:
"Believe zilch, no matter where on earth you read it or who has said it, not even if I hold said it, unless it agrees with your own apology and your own common sense." You are the merely "expert" you can trust: All brokers, and every other loan officer guru giving advice here beside a .com or contact me at the end is "selling" you something (its not direction, its advertising). Don't buy "it."
Has anyone out there gotten a reverse mortgage?
Answers: I didn't personally, but I was involved in helping my sister and brother-in-law get one last July '07. As you might expect there are a lot of details to look at. If you meet the age eligibility for a reverse mortgage, the one main point to look at is whether you will qualify for a reverse mortgage because it is dependent upon how much equity you have in your home. So because of that, I would be concerned about the decreased value of houses today. For their ages (74 & 81), it helped them immensely. It gave them an additional $550/month cash flow due to no more mortgage payments and a savings account of about $36,000 (a) a 6% interest growth rate.they are happy as clams because it did work for them, but it is not for everybody...
click the link
its has the answer to your question
http://answers.yahoo.com/question/index;...
Reverse mortgage is for people who need money but also a place to live.
No - I have not gotten it, but I have a friend who was in dire need for that, but ended up not getting it.
My Mom did.
It provided for her modest needs. It eliminated some worry.
When she passed away, it zeroed out her estate; mostly paid medical expenses.
There was nothing left of her equity.
But then, that's the deal, isn't it?
I have not gotten a reverse mortgage
*The link in the first response has nothing to do with your question ~ it's a link to a question of his own!
no I havn,t i like to know myself if you find out email me thanks
The most popular Reverse Mortgage is the Home Equity Conversion Mortgage (HECM) which accounts for over 90% of Reverse Mortgages done to date. The HECM is Federally regulated and insured (FHA---HUD) They set the rules and regulations. AARP just released a study
(12-12-2007) here's the web address that will link you directly to the report on AARP website...
http://www.aarp.org/research/credit-debt...
You can also go directly to www.HUD.gov to research Reverse Mortgages. Seeing it's their program why not go right to the source. Part of the Reverse Mortgage process is that you have to talk to an independent HUD approved third party counselor to make sure you understand the program and that it was explained to you correctly. (government safeguard). There is no charge for this and you can do this anytime you want. Just another avenue to answer your questions. I hope these resources help in your decision making. If I can be of any other assistance let me know. For disclosure purposes...I have been in the Reverse Mortgage business for over 2 years and I am a Reverse Mortgage Consultant for EverBank Reverse Mortgage. Also Federal law requires that the homeowner MUST remain on title, thus maintaining ownership of the home.
Regards,
Stephen