why is my mortgage payment so high

I Make Twice As Much As My Husband – Every so often. royalty payments, and occasional book advances. My husband is a lawyer, and a damn good one. He loves.

With only $86,000 remaining on his mortgage and his location in Houston, Texas – a hot market with high home prices – that might be considered a "small" refinance.

Mortgage question-why so high? | Yahoo Answers – On a 200,000 mortgage paying 6% over 30years you will be paying almost an equal amount in interest over the course of the loan. However a large portion of that is front loaded. Take this into consideration, 6% loan means you roughly will be pay .5% in interest per month. so .005 X 200000 = $1000.

can seller back out of contract before closing HELP – Seller is trying to get out of contract! Sorry r. – When I purchased my co-op last year, the seller’s changed their minds & wanted to back out just a a week before closing, after I’d already been approved by the board & had final closing approval from the bank. Both my & their attorney advised them that we had a binding contract & that I could ultimately take them to court to make them comply.

A graduated payment mortgage (GPM) is a type of mortgage in which the payment increases from a low initial rate to a higher rate.

These adjustments affect your estimated future payments which, in turn, affect your APR. Despite equal mortgage rates and fees, then, a bank which assumes the smallest mortgage rate adjustments.

Escrow balance too high? Ask for an analysis – interest.com – Your monthly mortgage payment might also be adjusted downward slightly. If you aren’t in a hurry to get your refund (say, because it’s a small amount of money), just wait a few months — lenders usually perform an analysis once or twice a year whether you ask them to or not. Follow Interest.com on Twitter.

maximum reverse mortgage limits apply for a hud loan HUD action expected on ‘duplication of benefits’ issue. – HUD action expected on ‘duplication of benefits’ issue after meeting with U.S. sens. john kennedy, Bill Cassidy BY ELIZABETH. Meanwhile, a homeowner who took on the same value of damage – $25,000 -.Determine the value of your home for a Reverse Mortgage | Mortgage. – For HUD reverse mortgages there is a maximum limit you can borrow which depends on where in the country you live. If the cost of living is higher in the area .

Mortgage high payment – Employflathead – Why Is My Mortgage Payment So High | Lisabiondo – – How does paying down a mortgage work? Answer:. In the beginning, you owe more interest, because your loan balance is still high. So most of your monthly payment goes to pay the interest, and a little bit goes to paying off the principal. Over time, as you pay down the principal, you owe less.

lowest 30 year refinance rates 4 Lowest 30-year mortgage rates – TheStreet – 4 Lowest 30-Year Mortgage Rates Here is how to snag the absolute lowest rates for a traditional 30-year fixed rate mortgage, especially if you are a first-time homebuyer. Ellen Chang

My tech-driven yard sale tripled my profits – So in pursuit of clarity, we decided to get rid of our stuff. We held a yard sale. The garden stall piled high with unwanted.

Why are my closing costs so high? Are any of these negotiable. – First off, 90% of your closing costs are your down payment which doesn’t even count since that money is still yours, just invested into the house. Then another several thousand or so is your property taxes since you’re back paying them and also paying your future months via escrow, and the same with your home insurance, AND on top of that.

i have no down payment for a house How much deposit do I need for a mortgage? – Deposit.It strikes fear into home buyers. It’s one of the most talked about parts of buying a house, and the years it takes to save it up are arguably the most difficult part of homebuying.