The USDA Rural Development Guaranteed Home Loan program has said it is in danger of running out of funds in the coming weeks. Anyone know if, or possibly when, they may recieve additional funding?
I bought my primary residence 2 1/2 years ago for $60,000 and place $20,000 into it (it was a “fixer upper”). It now appraises at $145,000.
I plot on refinancing my $60,000 mortgage to pay for the debt of $20,000 (mixture of credit cards with 0% intros that are running out!) and to make a 20% down payment on an investment property (so I can dodge PMI). I plot on getting another slight “fixer upper” and only want to place in 10-15k into it. I will rent it out for a year or so until I reckon ive reached a excellent profit and sell it. Plus I only want to have to pay 15% tax rate instead of like 33% (long term investment).
I am not familiar with refinancing. Should I first get a contract on a property so I can refinance just enough to pay the debt, 20% to place down on the house and alittle money to fix it up? OR should I just estimate and refinance now and keep that money in the bank. I would **** to pay interest on money just sitting in the bank. Or do you know another way of doing it?
I have loans through Sallie Mae. If I end up running out fo money, and need to take a semester or two off school in order to make some cash, will they break down me to start paying off my loans.
I only took about about $5,000 in loans, and plot to pay the rest of my tuition by working during school.
I have a full time job with a family and I’m running into problems paying off my student loans. Should I go back to school and defer? What do you suggest?
running downhill on my mortgage and don’t want to start over