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How can I keep my house even if I can't afford to make the payments and pay for home improvements and pay for insurance and taxes?
This may come as a shock...but one doesn't just have a right to have things they want...and they should expect major disappointments if they think others should give it to them.
But it's a rhetorical, self answering question. You can't afford to have what you can't afford. So, when you find out how to afford what you can't afford, as that trick would be worth billions, you would be able to afford it!
Otherwise...begging, stealing or marrying the money is your best alternative.
What else can I help you with?
If you own your car or house and are no longer making payments should you still have insurance on them?
If you own your car or house and are no longer making payments, should you still have insurance on them? Explain why or why not.
Do you pay taxes on house insurance claim?
income taxes ? no insurance payments are exempt
Mine income is well below the poverty line and i want to buy a house for the first time?
You cannot buy a home unless you can afford to pay the mortgage payments, taxes, insurance and upkeep of the property using your own income. You should speak with a banker to determine your status as a borrower.You cannot buy a home unless you can afford to pay the mortgage payments, taxes, insurance and upkeep of the property using your own income. You should speak with a banker to determine your status as a borrower.You cannot buy a home unless you can afford to pay the mortgage payments, taxes, insurance and upkeep of the property using your own income. You should speak with a banker to determine your status as a borrower.You cannot buy a home unless you can afford to pay the mortgage payments, taxes, insurance and upkeep of the property using your own income. You should speak with a banker to determine your status as a borrower.
Is insurance an asset?
Insurance is there in the hope that you will never need it! For instance, having your home fully insured would be an asset if your house suffered a fire and was totally gutted. But, if you never suffer a fire gutted house, your insurance payments are outgoing payments that are not recoverable.
What the best thing to do if I am not behind on payments yet but just can't afford mortgage anymore?
Sell the house.
Where can I find a house insurance calculator online?
It is always good to know exactly where you are to be able to afford house insurance or not. It is really important to have house insurance in case of fire, etc. Here is a calculator: homeinsurance.com/calculators/
Does insurance company have to pay mortgage if house fire?
NO, not unless it is a total loss. If your house is being repaired by your insurance policy you must continue to make your mortgage payments.
What are your monthly payments?
Monthy payments are payments you make every month, like a house payment, loan payment, water, electric, gas (for heating), phone, insurance if you pay monthly, etc.
Do you have to keep insurance on your house even if you are not making payments on it?
Yes, if you wish to stay protected, however, it also depends on why your not paying your payments. If you are defaulting on your mortgage, insurance could be cancelled once the bank takes the possession from you. You would then not be responsible for the insurance any longer, and frankly, if the house burned down, it would be no loss to you. That is the real gauge, what do you stand to lose if the house burned to the ground. If nothing, then insurance is not needed. If you would lose anything at all, that's what insurance is for.
What happens if you cannot afford the homeowners insurance deductible?
Normally when you buy a house, you will be required to get home owner's insurance and pay a deductible. If you can pay the deductible, you may lose your homeowners insurance.
Can I borrow money for a down payment on a house?
Yes, you can borrow money for a down payment on a house, but it is important to carefully consider the terms of the loan and ensure you can afford the monthly payments.
What is home insurance?
Home Insurance is Insurance coverage for your house, condo or apartment for your personal property and liability coverage for you. The insurance coverage for your house is also called homeowners insurance. The Homeowners isurance is an insurance package that has coverage for the dwelling, the others structures on your property, Loss of Use, Medical Payments and Personal Liability.
