My landlord decided to change our lease, and now we have 2 weeks time to find a new apartment for pay the huge rent increase due to not being able to share rooms anymore. Any advice on finding an apartment and moving super quick?
We have equity in our home and are considering a refinance to take out some of the equity for home improvement/repairs and to buy a vehicle end of lease. Credit scores are not great, 500-550ish. We have the option to either A) Do a 50-year fixed mortgage or B) Do a 2-year ARM and then refinance again in two years when our credit scores have improved. I’m not excited about paying closing costs now and then again in 2 years. We want to have the equity cash but also want to have as low a payment as we can get to minimize living expenses.
Would it be wiser to do the 50-year fixed or a 2-year ARM and then refi after 2 years for a fixed rate? Paying closing costs twice in two years seems like a lot of money to me.
Additional information: We are currently in a 30-year fixed mortgage at 6% but do not qualify for that rate on a refi due to credit changes.
The purpose of our considering the refinance is to reduce our monthly living expenses by eliminating a car payment and to get money for home repair/maintenance. We have no debt but want to lower our living expenses. Financing our end of lease vehicle is not going to get rid of the car payment, only create a new one.
Posted in Home Improvement
Tagged 50 year fixed mortgage, arm, closing costs, credit, credit scores, end, equity, Home, Home Improvement, improvement, lease, living expenses, mortgage, vehicle, year, year fixed mortgage
I have the means to pay back what I owe my landlord…around $3000. I was one of two people on the lease…and my former roommate passed away since then, so I guess I am fully responsible now. My question is, I am going to be applying to rent a house/apartment in about 4 months, and I cannot have this eviction as is, what are the chances my former landlord (an apt. community) will work with me to get their money and possibly give me some good standing to work with as far as rental history? How does this work? It is not on my credit report, so I guess its up to the landlord to relay this info to my future landlords, unless they do a check for an eviction? Any help on this broad topic is greatly appreciated.
I currently live in an apartment, but would like to move out early. My lease is up in the middle of August, but if I pay my rent at the apartment, and it is vacant for a month or so, can the apartments do anything? (Fines, etc.?) Everything will be paid for, I will be doing double duty for a month or so……
Posted in Apartments For Rent
Tagged anything, APARTMENT, apartments, August, double duty, duty, everything, Fines, lease, middle, month, RENT