I have a 2yr prepayment penalty and we did 100% financing when we bought the house. My husband commutes over 50 miles oneway to work and I am looking for work and his paycheck barely pays the mortgage and we don't have enough left over for the other bills. Should we sell the house or rent it out. Our mortgage payment is $4100/month we have a 5br 4ba house with 3300sqft.
The best answer is by :
tearsofthemoon00 :
Sell it.You will not be able to afford the taxes at the end of the year.
financial probs mortgage to high
The answer is provided by :
jacg :
As a general rule, I would say don't do this. You are on the so-called mortgage ladder now and if you get off, who knows if/when you will be able to get back on. Also, what would happen to the property if you fell behind in rent? Is your tenancy agreement indefinite? Will you be forced to move out at some stage in the future?
Can you see if you can change your mortgage to a different provider, one where there is a fixed interest rate? This could lower your payments.
Have you thought about trimming off any extra payments you may be making - any unnecessary life insurance, accident insurance, income protection cover, transferring your car insurance to a cheaper company, paying your utilities by direct debit, getting a cable/landline/broadband all-in-one deal? These could save you enough money to put towards the mortgage.
Can you move to a smaller house or out of the area a bit to a cheaper location?
Can you perhaps rent a room out in your house? Or do some overtime? Or get a temporary part-time job? Ask other family members to contribute to the household income (sorry, I don't know your circumstances).
If you have credit card debt, can you swap them to a no interest deal to reduce your monthly repayments?
There are a number of things you could do but I don't think I would say selling your hard earned house and then renting it back is a good idea in the long term.
The question was answered by :
aussie sheila :
the scrapbook flair website has free software for this.
http://www.scrapbookflair.com/Download.aspx
Hope this helps
This is was answered by :
Dondi :
I don't use scrapbooking software, but I do use Paint Shop Pro. I press ctrl+prnt scrn and make a screen shot. I then paste it as a new image in psp and edit as needed and save as a .jpg file.
…quilting, and I’ll bet we have lots of scrapbooking folks out there. Try one of Rebecca’s paper-pieced scrapbook patterns if you’re looking for…
Scrapblog, a Web 2.0 startup that aims to marry the worlds of scrapbooking and blogging, has enhanced its drag-and-drop tools for editing and…
i need to hire a skip for a weekend to put all old house hold junk in it.
The following reply is by : purple angel :
Look in yellow pages
Am looking to hire skips in amsterdam and am wondering where would i hire skips from? The waste would be carboard, plasterboards and general building rubbish.
And what sort of skips i would need to hire?
The answer is provided by :
Vincent :
contact the City of Amsterdam garbage department or check out http://www.afval.amsterdam.nl/ (in Dutch)
City of Amsterdam phone number: 14 020
I have a 2yr prepayment penalty and we did 100% financing when we bought the house. My husband commutes over 50 miles oneway to work and I am looking for work and his paycheck barely pays the mortgage and we don't have enough left over for the other bills. Should we sell the house or rent it out. Our mortgage payment is $4100/month we have a 5br 4ba house with 3300sqft.
The answer is provided by :
tearsofthemoon00 :
Sell it.You will not be able to afford the taxes at the end of the year.
financial probs mortgage to high
The answer is provided by :
jacg :
As a general rule, I would say don't do this. You are on the so-called mortgage ladder now and if you get off, who knows if/when you will be able to get back on. Also, what would happen to the property if you fell behind in rent? Is your tenancy agreement indefinite? Will you be forced to move out at some stage in the future?
Can you see if you can change your mortgage to a different provider, one where there is a fixed interest rate? This could lower your payments.
Have you thought about trimming off any extra payments you may be making - any unnecessary life insurance, accident insurance, income protection cover, transferring your car insurance to a cheaper company, paying your utilities by direct debit, getting a cable/landline/broadband all-in-one deal? These could save you enough money to put towards the mortgage.
Can you move to a smaller house or out of the area a bit to a cheaper location?
Can you perhaps rent a room out in your house? Or do some overtime? Or get a temporary part-time job? Ask other family members to contribute to the household income (sorry, I don't know your circumstances).
If you have credit card debt, can you swap them to a no interest deal to reduce your monthly repayments?
There are a number of things you could do but I don't think I would say selling your hard earned house and then renting it back is a good idea in the long term.