Ontario Canada - yes you can get a loan of this sort called mortgage with improvements . You need to send me an email at victor_catalan@centum.ca if you are in Ontario and interested on doing this. I will reply back via the email of what needs to be done. I can even assist you in doing this.

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I'm hoping to buy a house this year, first time buyer. i have more than enough savings to cover a deposit for the price range i want to purchase. should i put down the minimum deposit required - or should i pay a larger deposit, reducing the amount i need to borrow ? i'm not sure if it's better to keep this money as savings, or put as much as i can into the price of the house ?

It depends.. the more you can put down on the house, the better. It will give you a lower monthly payment if you put more down.

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A relative has left me their home as part of the proceeds of their estate. i have been cleaning out the house over the past month and now that it is almost empty it is quite evident that it needs some tlc before it can sell. the probate has not come back yet, but has been applied for and paid. i wonder if there is any way i could go to the bank that currently holds the mortgage and borrow against the equity in order to do the minor renovations that are required before listing the property? i think the most i will need is in the $20,000 range. the house is almost free and clear except for a secured line of credit. thanks for the answers guys. i actually dropped into the bank and asked a csr who advised exactly as you stated, i can't do anything until the deed is transferred into my name. my husband is the executor and the probate has been applied for - just a waiting game. i just wanted to get it to market for spring. i think we'll use equity in our house to borrow against short term. thanks again.

I would think not. You don't own the property yet - the estate does. It may be possible for the estate executor to use other estate assets to repair the house.

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Assume mortgage rate of 6.25%, income tax rate of 38% and investment long-term capital gains tax rate of 15%

One never borrows money to invest. Tell the bank or whom ever loaning the money, it will be invested and the determination of a loan will be 99.9% declined. Long term capital gains tax rate of 15%? Isn't it more at 28%; then 38%.. Send to IRS for Publication 17 and other investment Pubs it leads you to. To borrow with expectations of breaking even-----never in a million years. But then again--K-Mart enters bankruptcy---comes out of it and buys Sears----Rite-Aid on the verge of bankruptcy and buys Eckerd and Brooks Pharmacies. Mortgage rate may be 6.25%, which is a deduction with other deductions to reach over the standard deduction. Your extra income from borrowing, should you find a lender will be wiped out with the 28% capital gains and then the 38% tax bracket. Suggest you save 9 months of income in a savings account. Then go to a library and research DRIP investing----The purchasing of common stock Directly from most companies, is without the outrageous brokerage fees and even selling is not $50.00, plus $25.00 to verify the transaction, plus $75.00 for calling them between the hours of their working, plus and plus fees for having an account with them. Reinvesting the dividends in an Investment Program DRIP. Back to your question: It's the Yield you want not Return; capital gains you are talking about---means you are buying to sell after holding for ---is it one year and a day this year or held for 6 months after a full month when the precipitation is not in excess of 2 inches within a 30 day period following the Hunter's Moon or is it the Harvest Moon, then again perhaps just a regular Full Moon when Congress is not in session to change the calculations you seek. Hope this makes as much sense as your borrowing money to invest. Why not borrow money and go to a Casino. Then the calculations are easy------Say you borrow $1,000, go to Casino, leave Casino--- the return will be Zero. And you still owe $1,000.

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(i live with my parents & he's renting). we've been looking for a while but nothing concrete has come of it yet. we've had a mortgage pre-approved but as we've not found anything the mortgage hasn't actually gone through. once the house is bought & everything has gone through without any problems, he'll live in the house but i will be moving 200 miles away from home to live with my boyfriend of 2 years. the problem i have is that i don't think i can actually leave my job & move away until everything with the house is complete because i think i need to be in the same job continuously & earning a certain amount to be able to borrow the amount of money required. is it possible to get the mortgage finalised and through before we find a house so that i can leave my job & move in with my boyfriend or is that just wishful thinking on my part? i am worried that it might take another 6 months before we find a house...i really want to move in with my man & don't want to have to wait until 2008! thanks people! i thought as much! my wage will probably drop by about 3k if not more. :o( guess i am just stuck for the time being. i will have a look at that link when i have more time, thanks again people! in response to pj, we could buy separately, however it would mean 2 lots of solicitors fees, surveys, etc! putting our money together means a 3 bed house, buying separately means a studio flat each - so just not worth it! i can't buy with my boyf right now as he has just started a new career & is still going through the training process so his wage has dropped severely for the time being, plus he already has his own house which he wants to keep as it is a good investment for the future. this is purely to get onto the property ladder & so that i can invest my money into a very lucrative maket (providing the market doesn't crash)!

The mortgage is based upon the property that you purchase, so you are not able to complete your mortgage until you have found a property to purchase. Changing jobs should not present a problem to your mortgage application as long as your salary is not going to reduce as a result of the change. If your salary is going to increase the bank will probably be quite happy, but if it was to reduce they may restrict the amount that they are prepared to lend to you.

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I live in japan and want to lend money to foreigners.we are not registered money lending company in japan. we are not going to lend money in japan.we want to lend money for foreigners who want to purchase real estate in japan.is some kind of license required ? if so, is it difficult to get the license while i live in japan. and also, is it ellegal to intermediate money lender and borrow in my website ? i am not going to get fee from intermediation . but, i will going to take out mortgage on buyer's real estate and get fee.

Consult a legal professional. This is far too important a question to leave up to a bunch of random strangers on an anonymous Internet forum.

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I currently have a 2nd house with about $60k equity, and i want to borrow about $21k to purchase another fixer upper. i have excellent credit, however i found that few banks will lend money for forclosures that require a lot of work, so i thought this might be a good work around. i am afraid to tell the bank what i want to use the $21k for. do i have to disclose the reason why i want to borrow on my 2nd home? or does the bank let you borrow on your home, regardless of reason?

You can, they are both cash in your pocket loans, you can use the cash however you want.

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We were supposed to be approved for 100% financing, but a few days from closing, the mortgage company tells us that his credit is too low to get pmi. they have taken 3 months and 3 different banks to get this done and his credit score has dropped in the meantime. i assume because his report has been pulled by 3 different banks. anyway, they now say we must pay 3300 down so that pmi is not required. we can not use the money in our bank account because a certain balance is required for the loan to go through. we can not borrow the money because our dti would then be too high; atleast this is what the mortgage company is telling us. would a title loan or payday loan show up as debt on our credit and cause problems with the loan going through? help!! i could have easily saved the money in the last 3 months if i had known it was required, but now i have no idea how i can get this money within a week.

This is the SAME BS my wife and I went through. The company repeatedly pulled both our credit reports (6x in 45 days) which made both our status' go from an excellent rating to a good rating. Then all the sudden they said everything changed, we needed a bigger chunk up front, and because of our lowered rating the underwriters didn't approve the quoted % rate. It was unbelievable, we were so mad we showed them the door and went to another lender. Then they tried suing us for going somewhere else. We fought them and won, plus got compensation. The company was Providence Mortgage, a big national lender, stay away. Unfortunately it sounds like you got a similar BS lender, it's sad but the only advice I can give is threaten to leave to a different lender if they don't meet the quoted terms. If they don't blink just leave, the housing market is low now, others will compete for your business. DO NOT, UNDER ANY CIRCUMSTANCES, TAKE AN ADJUSTABLE RATE OR DUAL NOTE MORTGAGE!

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The mortgage company said we had to pay a judgement that was on his credit. this was the only problem. we paid $7,000 to settle the judgement. the loan was cleared to close on dec. 3. yesterday, they said that chase bank could not get pmi on the loan because his credit score is too low. his score has dropped 30 points since the beginning of the process because the mortgage company keeps changing banks and each bank pulls his credit. now they say the only option is to come up with another $3000 as a down payment so that pmi won't be required. we were supposed to get 100% financing through freddie mac. we can not use any of our money in the bank because a certain balance is required for the loan to go through. also, we can not borrow the money or it will make our debt to income ratio too high. the seller is selling for 35000 but the contract says 50000 so we will have money left to pay someone back. are there any type of (1 week) loans that won't immediately show up as debt on credit?

I know you probably don't want to hear this, but perhaps now is not the best time to buy a house. Perhaps the best thing would be to let it go, save your money and try again in a year or so. It's going to be a buyer's market for some time to come if you ask me.

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Choose the correct option: 1.the benefit we expect from a project is expressed in terms of: a.cash in flows b.cash out flows c.cash flows d.returns 2.a plant space is allocated to a project. if this space can be used for some other project then, for project evaluation we must consider its: a.opportunity cost b.sunk cost c.recoverable past cost d.irrecoverable past costs. 3.in case of project evaluation, when capital investments contain current asset component, it is treated as part of: a.working capital b.operating cash inflows c.capital investment d.additional cash inflow 4.if the cash flow stream for a project is not a uniform series of inflows. initial outflow occur at time 0. 15% discount rate produces a resulting present value of rs. 104,000 (approximately) that is greater than the initial cash outflow of rs. 100,000. now if we want to calculate the best discount rate: a.we need to try a higher discount rate b.we need to try a lower discount rate c.15% is the best discount rate d.interpolation is not required here 5.which of the following technique would be used for a project that has non –normal cash flows? a.internal rate of return b.multiple internal rate of return c.modified internal arte of return d.net present value 6.a capital budgeting technique that is not considered as a discounted cash flow method is: a.payback period b.internal rate of return c.net present value d.profitability index 7.to select the combination of investment proposals that will provide the greatest increase in the value of the firm within the budget ceiling constraint is: a.cash budgeting b.capital budgeting c.capital rationing d.capital expenditure 8.for issuance of bond, the discount or capitalization rate, applied to the cash flow stream will differ among bonds depending upon the: a.risk and return b.risk structure c.risk free rate d.premium for risk 9.at & t and general electric company have exceptionally strong credit positions. they are such strong that they don’t have to put up property as security for debt issue. the debt instrument they would use to borrow money is: a.mortgage bonds b.indentures c.debentures d.t-bills 10.if a bond’s market required rate of return 13% stated coupon rate 12% in case of bond discount, price for this bond: a.will be less then its face value b.will be more than its face value c.depends upon the market conditions d.cannot be determined

1. a 2. a 3. a 4. b 5. c 6. a 7. b 8. a 9. c 10. a

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Can anyone recommend any good mortage deals at the minute either fixed or discounted rates with no fees. i have a tracker mortgage at the moment with the haliax and have got 17 years to run. have been looking on the net but most of the big lenders do not want to give much away. some says no fees but when you read the small print that isn't true as they still want to charge you a valuation fee. i am not loking at extending the term and definately will not require extending my loan or wanting to take holiday periods. flexible mortgages look ok in principle but they seem to cater more for borrowing more money than getting rid of the milestone. most standard mortgages will let you pay an extra 10% off each year anyway. thank you

I changed to Nationwide last year. Got a great 10 year fixed rate and the only fees I had to pay were for the arrangement which was £299. This was added to the mortgage though so nothing up front. Valuation and legal fees were all paid and it was a simple process - completed in a month. Not sure of their deals at the moment but well worth checking out.