Posts Tagged "calculate"

Q&A: How do I calculate a apartment building investment cash flow after taxes or before taxes?

on Mar 19, 2013 in Stated Income Loans | Comments Off on Q&A: How do I calculate a apartment building investment cash flow after taxes or before taxes?

Keeping It Real: Underwater mortgage holders may be able to refinance The Home Affordable Refinance Program was announced in March 2009. It was designed by the government to help 5 million underwater or equity-challenged borrowers nationally. In October 2011, visit this discount in an effort to help more borrowers, story the loan-to-value … If you would like more informaiton please visit here… Wall Street Breakfast: Must-Know News … says mortgage-bond trader Patrick Ahn. The Federal Housing Finance Agency will show in a report today how more borrowers, particularly those who are in negative equity, are taking advantage of the government's Home Affordable Refinance Program, … If you would like more informaiton please visit here… US mortgage refinance program on the up The US government effort to help struggling homeowners under the home affordability refinance program (HARP) nearly doubled in 2012 from 2011. Harp helps borrowers stuck in loans backed from Fannie and Freddie Mac and which are in negative equity. For more informaiton please visit here… Question by boss: How do I calculate a apartment building investment cash flow after taxes or before taxes? I am going to invest in a apartment building using a loan. Is it the noi-annual debt service-annual mortgage payments-the annual loan paybacks-income taxes? If this isn’t right, pharmacy then please provide the proper way of determining my actual annual profit after taxes or pre-tax. Best answer: Answer by fn0384You need to calculate the after-tax rental income first, remedy then after tax cash flow second. First after-tax income from the property. Income a) gross income from the rentals Expenses b) mortgage interest c) depreciation (assume 80% of the purchase price is depreciable building, thus annual depreciation is purchase price * 80% / 27.5 years or about 2.9% of the purchase price) d) real estate taxes e) rent loss due to vacancy, tenant f) management fee g) maintenance fee h) insurance Income – expense would give you roughtly taxable rental income from the property. Assuming the rental bldg generates a (paper) loss, you can apply it towards your personal ordinary income and use it to reduce your ordinary income. If you show a rental profit, then you would have to pay at your marginal tax rate. Cash Flow: Annual Rental income – annual mortgage payment -/+ tax liability or tax benefit from owning this property. Add your own answer in the comments! Q&A: How do I calculate a apartment building investment cash flow after taxes or before...

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I have all the info I need, but I need someone to help me calculate my payments before I sign my offer…?

on Feb 18, 2013 in FHA Information | Comments Off on I have all the info I need, but I need someone to help me calculate my payments before I sign my offer…?

Question by midnightrose: I have all the info I need, about it side effects but I need someone to help me calculate my payments before I sign my offer…? My mortgage guy is out of town for Easter and I need to check what the payments would be for the counteroffer …. We are doing an FHA (b/c of our scores, diagnosis it is the only option) taxes in our county are .4% Whatever the market FHA is, the offer is 170K with 3% downpayment assistance, and a 6% concession to be used for buying down the rate 4 points (or 1%) and then what’s left is for closing. I am curious what our payment will be approx, including PMI, P&I, and H/O ins. & taxes escrowed… I live in Fort Mill, SC. Would like to know payment and possibly what our leftover closing cost “might” be….. Best answer: Answer by Shana BTry this mortgage calculator… http://www.mortgage-calc.com/mortgage/simple.php Add your own answer in the comments! I have all the info I need, but I need someone to help me calculate my payments before I sign my...

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How do you calculate private mortgage insurance for a home loan?

on Dec 16, 2012 in FHA Information | 3 comments

Question by : I heard Obama is going to help pay for your housing if your broke? I am broke and cannot pay my rent coming up in Nov. I also gots no credit so no loan from me. My friend Deion said that Obama has this program call Making Homes Affordable where he pays for your rent or mortgage for a year? Anyone know how a man can get this? Best answer: Answer by Wayne ZThere is no such program. Most times “My friend….says….” is followed by complete BS. There are programs for homeowners to help negotiate with banks to get their mortgages reduced but they are tough to qualify for. There is nothing for renters. What do you think? Answer below! Question by quake1920: How do you calculate private mortgage insurance for a home loan? I am looking to buy a home and because I am putting less than 20% down I was told I have to pay private mortgage insurance, adiposity I am wondering what is the calculation in order to determine what my monthly payment of pmi will be for a loan of $ 115, pharmacy 000. Best answer: Answer by DeeDeeIn australia, viagra you can borrow up to 80% of the amount without Mortgage insurance, and 90% if you can easily make the payments the remaining amount is what you would use to calculate (in aust) may be a few thousand dollars on top of your loan you can actually go onto the bank’s website and they should have the loan calculators which you can use and see repayments, interest etc goodluck 🙂 Know better? Leave your own answer in the comments! How do you calculate private mortgage insurance for a home...

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What is the FHA way to calculate rental income?

on Oct 11, 2012 in FHA Information | Comments Off on What is the FHA way to calculate rental income?

Question by Sea: How can you refinance you home when your underwater by 100k? And the mortgage company has denied the Obama refinance? Best answer: Answer by Rick BYou can’t. You will have to stick to your original agreement. Add your own answer in the comments! Question by Alutiiq Beauty: If Citibank files for bankruptcy, order because that is the news going around the banks, what about mortgage holders? CitiBank is one of the largest mortgage holders for America, what is going to happen to all the people who owe money for the mortgages on a home? What do you think? Honest opinions/knowlage please Best answer: Answer by JoJo31With the current Home Mortgage situation the Government will take over the bank and you will pay your mortgage to them or one of their entities. No way are you going to get out of paying your mortgage. Add your own answer in the comments! Question by joey: is it possible to obtain a down home loan if you have good credit but no down payment? Ca 1st time buyer? I make good money and have very stable employment, viagra order but in California it is still very difficult to obtain a down payment on a home. I hear that Ameridream is a possibility? Does anyone know? thanks. Best answer: Answer by v bThe only way to have a down payment is to spend less than you make and save the difference. After the current meltdown, no bank is going to loan you this much money based on your salary. Give your answer to this question below! by Rajesh_India Question by lekitoa: What is the FHA way to calculate rental income? What is the FHA way or formula to calculate rental income on a property which has a negative amortization loan. Borrower is purchasing a SFR, more about but will rent out her current three unit property of which 2 units are already rented. The rent of the vacated unit will be potential. need help to find out FHA way to calculate for her rental income. Best answer: Answer by Lisa LRule of thumb is 75%. Unless she has a valid lease, approved use the same rent that the 2 units bring in. Add the 3, take 75% & see if it is negative or positive in relation to the payment. If negative it will be counted against her as a debt. Don’t be surprised if they as for tax returns to look at the real estate schedule. Know better? Leave your own answer in the comments! What is the FHA way to calculate rental...

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What credit bureau do loan officers or underwriters look at to calculate a 620 credit score for a FHA loan?

on Aug 25, 2012 in FHA Information | Comments Off on What credit bureau do loan officers or underwriters look at to calculate a 620 credit score for a FHA loan?

by SS&SS Question by JH: What credit bureau do loan officers or underwriters look at to calculate a 620 credit score for a FHA loan? There is Experian, find drugs Equifax and Transunion I have different scores for each, symptoms but which one do loan officers and underwriters look at to approve you for an FHA insured loan? Do they look at the highest, treat lowest or average? Best answer: Answer by SPIFIMAN1They will look at all 3 and use the middle score. Add your own answer in the comments! What credit bureau do loan officers or underwriters look at to calculate a 620 credit score for a FHA...

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