where can I find the mathematical computations for basic mortgages and home ownership?
Some cool apartment developing images: Apartment creating at Marine Drive Image by aromanos Apartment building at Marine Drive For far more houses click right here… by Chris Devers Question by curious mind: FHA help for homeowners program, drug do the homeowners have to pay tax on the amount that is forgiven? With this loan modification program, discount Help 4 Homeowners, more about by FHA, will the homeowner have to pay a tax on the amount of the home loan that if modified, or forgiven, by the original lender? Will there be a balloon tax for that amount? Best answer: Answer by kunjaldpIf the debt is forgiven, then it is taxable as ordinary income, but I believe there is a law in making that would make it non-taxable as long as it was on your home which is about to be foreclosed. Know better? Leave your own answer in the comments! Home Affordable Refinance Program Eligibility Requirements Will Make … Madison, order WI — (SBWIRE) — 11/07/2012 — One may now think of determining Home Affordable Refinance Program HARP Eligibility even if had been denied for the plan earlier. The federal … Recently, see the government announced enhancements to the Home … If you would like more informaiton please visit here… Wells Fargo to Help Sarasota Area Customers Facing Mortgage Payment … Homeowners whose loans are "under water" – meaning they owe more on their mortgage than the value of their home – may be eligible to refinance their loan based on criteria including demonstrating ability to repay. Depending on eligibility for a loan … If you would like more informaiton please visit here… by eyewashdesign: A. Golden Question by Fcc Llc: can I use my business loans as income? I have taken out several small business loans in 2011 for my LLC. Since I pay interest on these loans and they are paid in full, medicine do I count the principle loan as income? Thank you for your answers, I can however use the interest paid on the loan as a tax right off correct? Best answer: Answer by mirandaNo, it’s not income, it’s debt. And once you pay them off it’s a wash. It’s just like a credit card – you don’t claim any purchases you make on your credit card as income, nor would you claim a cash advance, so you wouldn’t treat a loan as income. Yes, you can. May I suggest since you seem new at this that you consult with an accountant – there are things you simply won’t know, and they can help you. Or, at least get Turbo Tax or other business tax software that prompts you for the questions that you won’t think about. Give your answer to this question below! High Delinquency Rates Force FHA To Raise Mortgage Insurance Premiums FHA mortgages have a larger share of the mortgage default market as compared to several years ago, this a shift that's forced the self-funded agency to raise its mortgage insurance premiums (MIP) 5 times in five years. The FHA is already planning to raise … More informaiton please visit here… To Stem Losses, more about FHA Mortgages Get More Expensive The FHA losses stem from business it did between 2007 and 2009, information pills when the rest of the mortgage market retreated dramatically. $ 70 billion in claims are attributable to just those three years when seller-funded downpayment assistance was still allowed. More informaiton please visit here… Question by John E: where can I find the mathematical computations for basic mortgages and home ownership? I want to purchase a home,...
Read Morewhat are my basic concerns an priorities when i look for a home mortgage loan? I am a first time buyer?
Question by dean i: what are my basic concerns an priorities when i look for a home mortgage loan? I am a first time buyer? Should I go straight to the lender or go through a loan agent? What are the traps I should be careful about before I put pen to paper? Which option from your experience and knowledge is better( FHA or Conventional)? Best answer: Answer by Beverly SGo thru a lender not a broker- less fees. If you have 20% down go conventional- no mortgage insurance required. FHA is better if you have less than 20% down. Rates on both are pretty close. Credit must be at least 620 score. 2 years provable income required. 2 years good rental history. Get pre-qualified with a lender before you start looking- this is free in almost all cases. Do not buy anything on credit- it could wreck your approval. Make sure you get a fixed rate. Good luck! Add your own answer in the...
Read MoreQ&A: Basic accounting question – is a loan shown as income during the year the company (Inc.) borrows the money?
by eyewashdesign: A. Golden Question by Independent_guy: Basic accounting question – is a loan shown as income during the year the company (Inc.) borrows the money? Hi All, treatment diagnosis When a company (corporation) gets a $ 100, dosage 000 loan, is the loan shown as a loan or INCOME in the company’s tax return/tax filing? THANKS. Best answer: Answer by yah0o.yeheyi dunno about tax return/tax filing thing but loans and payables are shown in the liability side in the income statement 😀 Know better? Leave your own answer in the...
Read MoreWhat is the basic difference between origination fee and discount fee also known as line 801 and 802?
Wells Fargo Kicking off New Year with Low Mortgage Rates The shorter term 15 year loan deals at the bank start at 2.375% and APR of 2.856%. The 5/1 ARM interest rates at … The best 30 year refinance FHA fixed rate mortgage interest rates can be had for 3.250% carrying an APR of 4.274% today. The best 30 … If you would like more informaiton please visit here… Mortgage Rates: Low Mortgage Rates Stable After Home Price Data Released Today's FHA 30 year fixed mortgage rates are as low as 3.250%, order cure FHA 15 year fixed mortgage interest rates are as low as 2.750% and FHA 5/1 ARM loan rates are as low as 2.500%. Low down payment guidelines and easier credit qualifying make FHA loans … More informaiton please visit here… Mortgage Rates: Low Mortgage Rates Remain Through Christmas Holiday Current FHA 30 year fixed mortgage rates are as low as 3.250%, FHA 15 year fixed mortgage interest rates are as low as 2.750% and FHA 5/1 ARM loan rates are as low as 2.500%. Many home buyers need FHA loans because of the low down payment … If you would like more informaiton please visit here… Question by First time buyer: What is the basic difference between origination fee and discount fee also known as line 801 and 802? I know both will bring down my mortgage rate and both can be called points. I wanted to know what are the advantages and disadvantages of each. I asked this same question to our lender and either they refuse to answer the question or they don’t know the difference. I feel like they are not being honest with me about this matter. Best answer: Answer by happybostonianThe answer is this: both are fees charged by mortgage brokers and lenders. Also, physician mortgage brokers can not charge points/ only lenders can- the term is mistakenly called this. Origination fee is something charged by the broker/lender to pay for administrative fees (processing and the like). Discount fee is something that a broker will charge in order to offset the discount points they are paying… although the regulations are not written as such. Hope this helps you out. Add your own answer in the...
Read MoreBasic accounting question – is a loan shown as income during the year the company (Inc.) receives the money?
Question by Independent_guy: Basic accounting question – is a loan shown as income during the year the company (Inc.) receives the money? Hi All, seek approved When a company (corporation) gets a $ 100, approved 000 loan, is the loan shown as a loan or INCOME in the company’s tax return/tax filing? THANKS. Best answer: Answer by pbroniNo, loan proceeds are not treated as income, and they do not flow through the income statement. Only if the loan is forgiven by the lender might the loan amount need to be recorded as income. Give your answer to this question...
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