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    Sunday, October 20, 2019

    General questions about mortgage interest rate. Real Estate

    General questions about mortgage interest rate. Real Estate


    General questions about mortgage interest rate.

    Posted: 20 Oct 2019 03:20 AM PDT

    My wife and I are in the market for a new home. We are shopping around for our mortgage. At the same time we are learning about the process. Would someone mind explain why mortgage rates has to move so frequently?

    In addition, I will be making a few statements. Please correct me if I am wrong.

    • Why does mortgage rate has to litterally move several times per day?

    • What causes the mortgage rate to move so frequently?

    • Why can't mortgage rate move say, once a day, or once a week?

    • In addition, when rate does move, why does the rate move in such a small increment?

    • What causes rate to move up? What causes rate to move down? Is the movement all depend on how frequent people are borrowing money?

    • Too many people are borrowing credit, then rate has to go up, to slow down borrowing. Not enough people are borrowing credit, then rate has to go down to promote borrowing.

    • Too much borrowing will lead to inflation and hyper inflation.

    • Not enough borrowing will result in less movement of money, thus could lead to a stale economy.

    Thanks.

    submitted by /u/b10m1m1cry
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    Roommate issues in Rental - course of action?

    Posted: 20 Oct 2019 05:57 AM PDT

    Dear R.E. sub hive-brain,

    As you may know from my previous posts, I'm an experienced landlord and I'm not unfamiliar or uncomfortable with real estate laws but I've got a strange situation for which I'd like some advice.

    A friend of the family is renting an apartment in an apartment complex that caters to college students. The unit that she is in consists of four bedrooms and a large common area that includes a shared kitchen and shared living room and two shared bathrooms.

    She has rented her space for a number of years and different roommates have cycled in and out. A new group came in together so she is the odd person out.

    The new roommates have made her life hell. They have repeatedly moved her belongings from the common area and placed them in harms way despite her repeated protestations. Her belongings have become damaged due to them moving them (e.g. they put them some place that was wet or other hazards). They have harassed her repeatedly about her decor decisions and, as I understand it, any and all personal items that she has chosen to leave anywhere outside of her bedroom. They have also taken/eaten her food. It sounds like the roommate version of Pacific Heights.

    She has sought assistance from the apartment complex. They have taken a completely "hands off" approach. They have offered no mediation and their only option is to have her move at her expense. (The problem is that she is in a recently renovated unit, has lived there for quite some time and has no interesting in moving).

    I've read the lease; it is silent and short and only says it grants "exclusive use to the bedroom" and "non-exclusive use to the shared areas".

    What next steps would you recommend? I'm considering getting an attorney involved to write a sternly worded letter to the roommates and perhaps another to the apartment complex. Alternatively, we've considered calling the police the next time any of her personal belongings are moved (though, admittedly, this will probably just piss off the police.).

    Thank you in advance.

    submitted by /u/Oof-o-rama
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    wanting to leave co-owner mortgage (TN)

    Posted: 20 Oct 2019 01:22 AM PDT

    TLDR; 50+ mom wanting to leave co-owner mortgage and get back her half of the money that was used to obtain it because of awful living conditions. is she able to do this?

    my mom and her daughter got a real estate mortgage to buy a house. they have been living together for 5 years in the same home but throughout their time living together my mom has been put through continuous stress and as a result she has heart problems. this year has particularly been awful for her and she has decided she wants to move out. she's wanting to get her name removed from the loan and get back the portion of the money she paid to get it. is she able to do this?

    my mom and the daughter are the ones who applied for the loan for the home together but repeatedly try to force my mom into doing things that aren't her responsibility and essentially tell her she has no say-so over anything that happens in the house. the daughters husband and my mom are always getting into arguments over this where he will harass her through text, scream and cuss at her in person, trash the house and tell her she has to clean it because it isn't their responsibility to do it. my mom is afraid to speak up about anything she disagrees with because of how she is treated when she does.

    some reasons for why she wants to move out is because her daughters husband harasses her through texts after they get into arguments in the house, they keep the house trashed and invite people to move in and live rent-free, and are constantly trying to force her to clean up after them.

    submitted by /u/kimjungoonthispoon
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    Best way to start investing small

    Posted: 19 Oct 2019 09:19 PM PDT

    I want to get into real estate but can only invest little by little even knowing ROI is small at first. Rich Uncles had a $5 minimum but sign ups are temporarily closed. Anything similar?

    submitted by /u/DanX47
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    Learning the extras

    Posted: 19 Oct 2019 10:34 PM PDT

    I am interested in learning the "extras" about houses such as difference between granite and quartz countertops, house materials in general, architectural style of houses (colonial, Tudor, Victorian etc), carpet types, etc etc. Pretty much from roof to basement, I want to know it all.

    If anyone has some YouTube links, books or even informative podcast, can you be so kind to drop them in the comments. I hope others would greatly appreciate the insight to.

    Thanks in advance and have a terrific day!

    submitted by /u/kalopotato
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    Cancellation Guilt and Questions

    Posted: 19 Oct 2019 09:19 PM PDT

    Just had to sign my cancellation papers after a seller refused all my repair requests. They were all safety, structural, and electrical oriented requests. I realize they were under no obligation to do anything on the list, but I was still surprised. I'm feeling some guilt over my agent and lender doing all the work to get us to escrow and things falling apart. I realize this is their job, but sheesh, it's disheartening.

    I know I'm out the appraisal and inspection fees. But I should get my deposit back as our contingencies were still in place. Are there any other costs I should expect to pay in this position?

    submitted by /u/lilflatbush17
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