If I were to buy a home, how much (percentage) is a good down payment?
Answers: It depends. What is MOST IMPORTANT is how much it costs you each month. You could put 50% down and then not afford the payments. Or you could put 0% down and the monthly payments are well within your budget.
Remember, for every $10,000 your put down, you lower your monthly payment by about $60 a month. (Based on a 30 yr fixed rate at 6%).
I HIGHLY suggest that you don't spend more the 25% of your gross (before taxes, etc) monthly income for your total mortgage payment (PITI). And this is based on a 30 yr fixed program.
For example. If you earn $60k a year, then your monthly income is $5,000. Your total mortgage payment shouldn't be more then $1,250.
Do not become house poor. You should be saving AT LEAST 10% of your gross pay each month. Pay yourself first.
Depends on what your resources are.
Some folks put as little as 3% down.
If you put down anything less than 20% you will have PMI. This will add an extra 100 per month to your payment. Once you get 20% equity in the home - the PMI drops off.
So - if you can put 20% down - you can avoid PMI.
Hi bosephus77,
Ideally it is 20% of purchase price. Not everyone has that kind of money saved for downpayment. Your best step is to meet with at least three lenders. Compare interest rate, costs, and fees. You may eligible for government downpayment assistance depending on your circumstances.
Can the sheriff takechildren away on eviction surrounded by broward florida.?
How quick is the process? I basically filed on friday for 3-day. The contract expired and they dont want to move, because they dont have money.Answers: The eviction will walk though without a hitch.
They will not loose their kids. There is no tenet against homelessness. They take their kids near them, whereever they decide to be in motion.
They can choose to surrender their children, or cps gets involved if their is carelessness.
More then potential the sherriff will drive them to a shelter if they have no where on earth to go.
You are not obligated to support them.
Home Office Help!?
I have a work as an onsite property manager. I come into this job massively experienced, but the previous manager not here behind shoddy paperwork and a tangled office. I'm have a very difficult time knowing where on earth to start in organize, and in getting the motivation to achieve it done. I've been getting by solitary doing what NEEDS to be done for a couple months now, but change need to be made around here! Any counsel or suggestions?Answers: Hire an accountant/administrative assistant to come in to verbs it up. I'm sure you have a probable justification for the personnel expense since it is a mess next to the paperwork.
You are a manager, focus on what you have need of to do which is manage projects and the running of the properties. Have others or hired hand to do whatever else requests to be done. That is being cost effective/efficient.
Start by going through files that look resembling they are completed. I'm sure the manager probably have all files mixed contained by together. Take and box all those files up and directory away. Next find the files that are still current, not new files but the ones that enjoy been nearby awhile. Go through those and make sure everything is where on earth it should be. Next take the unmarked files and see if you can add what you necessitate to such as newer signed documents you will be using. That way when you start taking your contemporary clients in you will hold a fresh start.