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8 January 2020 | 2 replies
I own a single family home in Valley Village and I owe 150K on the property and my pay off date is in 9 years.
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10 January 2020 | 8 replies
If you pay on the back end, find out if they are adding the points to the principal of the loan - if they are you will be paying interest on that as well as the principal amount.
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9 January 2020 | 1 reply
Total Payment: $2000/month ($800 going to principal)2) Have no roommate: This would be preferable however I'd be paying close to $3400/month ($800 going to principal).
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1 February 2020 | 8 replies
And the numbers, based on the listing are:-list price $177K-10% down payment $17,700-monthly mortgage with 10% down is $943.00/mo -closing costs estimating $2K-$3k-property management fee I don't know-property tax $74.00-principal and interest $737.00-home insurance $49-mortgage insurance $83.00-rents for $1,850-$1,950/mo -cap ex budget I don't know-utilities I don't know-vacancy based on the listing it has been on the market for 148 days
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11 January 2020 | 12 replies
He believes I still owe him 45k to receive the 90k he put into the house to make it “equal”.
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9 January 2020 | 4 replies
I currently owe 215k in student loans (new doctor).
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13 January 2020 | 1 reply
Bought it for 78,000 owe 65,000 on it now, and it rents 1600 a month.
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3 February 2020 | 11 replies
Again, you have to pay this back with bi-weekly equal principal & interest payments otherwise you'll have to declare income tax and pay a penalty.
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10 January 2020 | 7 replies
Please be sure to select a Solo 401k plan provider which allows you to take a loan and will prepare the required 401k loan documents.The repayment terms are equal monthly/quarterly payments (as you prefer) of principal and interest (e.g. prime + 1%) spread over a 5 year term (or longer if you will use the loan to purchase your primary residence).
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14 January 2020 | 5 replies
So, if they are collecting interest, they will have to pay income tax on it, but the principal portion of each monthly payment is tax free.