Renting
why should you rent a house when you like moving around a lot?
Its easier to move as you have a lease with your Landlord for the amount of years you stay at your location. Your job may even require you to move to get better benefits or a different position that pays better.
what is renters insurance?
it protects your items inside the house and in case your apartment or house catches on fire, gets water damage, or someone in your house gets hurt.
can you buy/own a house while in debt?
yes but you must manage your debt, if it increases its most likely you wont get that house you were dreaming of. If you gain a good credit score off debt it improves your chances.
what does the price your mortgage depend on?
interest rates, credit score, down payment size, loan term, properties location.
whats the smallest house you can own in the world?
a doll house!!!
what is a landlord?
A landlord owns a Real estate and rents it to residents. The landlord manages the property by doing maintenance, collecting rent, fair housing laws, ensures safety.
what is home owners insurance?
covers damages on your house, personal belongings, repairs, replacements, living expenses.
what is property tax?
an amount of tax that is payed to cover for local properties like police, fire departments, schools, and roads.
how do you budget?
separating personal and business finances, tracking income, expenses, saving for taxes, setting aside funds for your house.
A single story house that is covered in purple, the couch is purple, the walls are purple, the clock is purple, even the TV is purple!! what color is the stairs?
Trick question...there is no stairs, remember its a single story house.
what is an HOA fee? How much does it cost for a normal renter?
if you're renting a house and live in a HOA community you must pay a mandatory fee to keep up with the pools, parks, landscaping, and security. It cost up to $15-$30 bucks per resident monthly.
what is private mortgage insurance?
Lenders require conventional loans when your down payment is less than 20% as it protects the lender. Allows you to buy a home with less cash up front but it adds to your monthly mortgage payment.
what is equity?
equal fairness and justice. market value for your house minus your mortgage balance.
what does it mean to invest?
having a goal to buying land or property and selling it to make profit.
what did the roof say to the walls?
I got you covered!!!!!
depends on the monthly cost. if you're moving every few years you should cause its cheaper but if you stay put you might as well buy.
what is title insurance?
should you buy a house when there's a good deal?
no, because you must be financially ready and you should never buy a house solely on the market.
what are utilities?
utilities are electricity, water, gas, heating & cooling, trash & recycling, internet. They affect your monthly budget.
why did the house break up with the apartment?
I needed more space.
what are the pros and cons of renting a house?
pros: you can move with ease. you don't have to pay for maintenance.
cons: rent rates will go up. you have no financial incentives. You cant renovate the house. You dont own the house you are a borrower.
how much protection do you really have paying for insurance?
not everything is covered, floods, earthquakes, wear & tear, poor maintenance are not on your homeowners/renters insurance.
whats the pros and cons of buying a house?
pros: every payment brings you closer to owning the house. you can renovate your house. you have more privacy.
Cons: difficult to travel and relocate. you have more expenses, you have to upkeep your own maintenance unless you buy someone to do it for you.
why should you think about inflation when purchasing a house?
The bigger your house the higher the inflation, its increases your equity, increases property value, and increases maintenance/taxes.
why did the house bring a ladder to the bar?
it heard the drinks were on the house.