How much interest will I receive per year on $500,000.00?

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Ok so i am looking to buy my first house in a year with my other half. we should have 10,000 pounds saved for a payment and we will be earning between 40-50,000 combined. we wanted a house about 150,000 is the realistic? any help or advice would be great. would could we expect to pay a month and how long would we have to pay it back?

yes this is very realistic. My husband and i have just bought a house for £228,000 and we had a deposit of £11,000 which is 5%. Our income is similar to yours, and i think that £150,000 is very achieable, and you may be able to go for something more if you can afford it!

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Heres the situation: my male friend buys house with his girlfriend over a year ago - mortgage in both names, but he had a form made up that makes sure he gets the money back he put down if the house is sold. they broke up 3 months ago and shes moved back to scotland to live with her folks (shes on the doll - not earning a penny, and not paying her part of the mortgage) - he is trying to get her name off the mortgage (she wants 3000 pounds from him to do this!) which they are sorting out between them. iv moved in to the spare room to pay half the mortgage as rent - no extra bills to pay on top - for 350 pounds. not alot, but enough to put a hole in my pocket lol! we set up rules that i couldnt have my boyfriend over more than 3/4 times a week (not a prob) and no strangers in the house, and no parties with asking (incase he had work the next morning) which was fine. we both agreed we are house proud, and like things tidy and in their place, and dont eat alot of fast food. i went on holiday for a week before movin in 4 weeks ago, and i swapped numbers with him and a female friend of mine - they hit it off, and she hasnt spent one night at her mums house (thats where she is paying rent - 400 pounds - which she is moaning about as she hasnt been home, only to collect more clothes) since i went away (that makes it 5 weeks at his house) and she hasnt spent a penny on bills or rent, as she is using water, food, electricity, and gas, not forgetting she is using my stuff (shampoo/conditioner and bodywash, food, and pinching my dvds without asking)!!! when i asked her about it over email, she printed them off and showed him what i had been saying (most of it was joking about, like "keep the noise down" and "can you keep the fumbling to the bedroom?" stuff) as they are very open about their relationship and seem to snog and grope when they can, even if someone is in the same room - eww! he had a list of things he was going to comment on with me, but he never did, and i found the list down the side of the sofe - in her hand writing! my male friend has insisted she hasnt moved in (he said when she does he will let me know), but she blatently has - she has a pile of shoes at the bottom of the stairs (all mine are in my room) and she does her washing there, and uses everything in the house, and leaves her stuff in piles everywhere (laptop, motorbike helmet - she doesnt even have her motorbike anymore - golf umbrella, handbags, makeup, and clothes) which is just so messy! to top it off, they eat out or have takeaways all the time (unless she is cooking for them - not asking me if i want to join them, or even consider i am there - once or twice a week if lucky) and they leave their pots and pans dirty, dont wash up, or even fill the dishwasher - and its not even my house! she even has his door key as she finishes work before him, so lets herself in as and when! everything we agreed on went out the window - my bf can stay whenever he likes now, and he isnt as tidy as he made out, and he eats rubbish all the time! i just cant understand why its suddenly changed now he has her! can anyone help? im really considering on moving out - its so bad! how can i approach him without her and lay it out? im so stuck! help!

Ive got to be honest with, anything you say now to him or her will be used against you. You're in the right - absolutely. But they're in the early days of a new relationship and as far as they're concerned, you're raining on their parade. If you want to keep the friendships, move out now. And eventually, in a couple of years time, you'll be able to chat with him and her about how unfair they were. They will not listen to you now. You will be wasting your time and energy and all that will happen is a lot of unecessary bad feeling. Cut your losses. It's going to be a nightmare if you stay. And don't waste time and energy on trying to get them to see things from your point of view. They will see it as an attack, however reasonable you are. Your friend sounds like a shabby cow though. I'd ditch her pronto. She's clearly no respect for you. Good luck my love, and chin up - you are absolutely 100% in the right here. But you'll never win.

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I'm in the middle of sorting out my finances for university and i've discovered that because my dad earns over a certain amount i'm entitled to no grant that don't need to be repaid when others from other families do. when i asked for further information i was told that i'm also not entitled to a full loan either because it is expected that my dad should pay for this. i'm confused why this is the case so could someone explain why this is? is anyone in the same position and how are you dealing with it. i'm scared i won't be able to pay for it by myself with little financial aid from the government. i think they're forgetting that my dad has half his income taken off him for tax and then has a mortgage and bills to pay for.i'd be grateful for just a full loan! let alone thousands of pounds that don;t need to be paid like others. it's not my fault my dad works so hard. i feel discriminated against. you wouldn't charge someone extra for a meal out just because they earn more so why is this the case for uni? help me out guys! i don't know what to do and why this is?! migdalski - exactly my point. do i not deserve the right to an education because of my background? if i get to uni i am going to have a great career and contribute to this country but how can i if i am denied aid because of my background? i already work every day i can. i don't want to be in a position where i'm skipping lectures to afford to live.

Although it is correct that students from better off families pay more than students from poor families , you are not correct when you state that you get no grant. The actual cost of your tuition at university is £9,000 to £20,000 of which you are being asked to contribute £3,250 per annum plus your board and lodging if your university is away from home. The balance is being funded by a combination of tax payer subsidies and international students. 30 years ago when only 5% of young adults attended university, tuition was free, the country could afford it. Now 50% of young adults attend tertiary education which, while no longer completely free, is heavily subsidised and the tax payer is groaning under the burden as your father has pointed out. In addition, students from the very poorest families get their tuition waived entirely at the tax-payers expense even though they are just as likely as you to eventually get a well paid job. I have never understood how it came about that entitlement to financial help for tertiary education was dependent on parental income. This made sense when you were a child until 21 but now the age of majority is 18 and there is no obligation by your parents to support you after that time. Personally I think that all subsidies should be withdrawn entirely and that people like your father should be paying no more than 25% of his income in taxes. He could have tucked away the difference every year and been in a position to write a cheque for your £9,000 to £20,000 fees with a big smile on his face. Universities could make fees high enough to offer scholarships at their discretion to able poorer students which is the way things were prior to 1945.

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I live in the uk and i have been claiming benefits for health problems for the last 4 months. before then i went to college and earned £60 every two weeks subject to my parents incomes. i dont have to pay taxes and i am not going to take out a mortgage or any other loan and i dont have any credit cards and dont intend to take out any for the foreseeable future. i haven't been working for 2 and a half years and i only paid a few pounds a week for national insurance because i was not earning enough to be taxed for income. how long should i hang onto bank statements for? thanks

Uk answer: Hang onto them for six years - in case your circumstances change in the future or the DSS decides to review your benefits. Banks have to keep copies of your statement information for a similar amount of time, but will charge you if you ever ask for copies - so save yourself the hassle and file them.

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Hi, i asking for advice again as i did not express myself properly in my last question and may have misled people which i don't want to do. i don't mind constructive criticism or any useful advice, but calling me names is unfair. okay, i am going to keep it short as you may have already read my 'broken marriage' question yesterday and the follow up!! i am not working as i can't afford to, basically, our son who is four only goes to pre school for 4 days a week for three hours at a time, it would be very difficult for me to get a job within those times so i will look for one when he starts full time. ( i have always worked before) i bought my own house because i saved enough money to do so initially (was ex council property) met alcoholic boyfriend who did not have very much, had own council property though. first two years approx, boyfriend was dry, next three years it was turmoil for us both. i enjoyed him needing me to take him aa meetings, hospital, rehabs (4 times) doctors etc etc. not such a good start to a relationship. eventually boyfriend stop drinking. i got pregnant, still arguing a lot, big rows. boyfriend leaves me when i'm 3 months pregnant, goes back to his council property. we meet at hospital for baby scan and go separate ways. baby is born, by this time, boyfriend is living with me again. i am working two jobs, husband not working. husband is catholic, i'm not baptised. husband wants baby christened so we christen him catholic using my surname. husband assumes baby will be baptised in his name (we never spoke about this) just his assumption, i baptism baby in my surname since i figure we're not married and he may leave if it gets too tough for him. i am by no means an angel and don't want to pretend that i am. whenever we had an argument, i would call him horrendous names relating to his previous alcohol stints, he would give it back too! no holds barred. there was no physical abuse on either side. okay, after baptism, he says he doesn't trust me as i didn't give baby his surname, i said 'let sleeping dogs lie' he thought this saying was terrible of me to say. i feel bad that baby has my surname, his relatives say it was wrong of me? okay, so i change our sons name by deed poll one month later (we are still not married at this time) another two months later, he says we should get married, proper thing to do, not because 'i love you' or anything, it's proper catholic way to bring up children. so, we get married, last 6 months he has got work and paid for small wedding in church. it was very nice, we had a 'do' at home, no honeymoon. before we get married, i ask about his council flat, he says he will give it back when his name is on my deeds as joint owner. okay, i go to solicitor and put his name on deeds too (he pays for this) even though, i point out that once we are married, half of everything i own will automatically be his. he says he needs the security since he is giving up his council property, i can understand this. we sell our flat and move to bigger house out of the area, there is four grand left over, i buy a car with two grand and put one grand into our sons account, the other grand, i open up a joint account for us. we continue to argue, mainly when our son is asleep. he continues with aa meeting 3 or four nights a week. his mum sells her house and releases the equity because her other son needs help financially. every month, his mum sends us money to cover all our household bills and approx sixty pounds extra for us, out of this my husband gives me forty and he keeps twenty for himself. my husband is well established in his company now and works mon-fri, he doesn't tell me what he earns, i don't ask. as said, we are lucky, no mortgage, mum pays our bills, he works. this has been for approx four years now, we have been on one holiday abroad, paid by him, i had to take my own spending money. after another big row, i ask him what he does with the money he earns as nothing goes into our joint account after i initially opened it with a grand. he becomes defensive and says he couldn't give a s...t about that money so i remove his name from the 'joint' account, also i put what was his into our sons account, no problem. i cook good meals for when he comes home from work every night, if it goes beyond six because i'm busier than usual, he will moan. as a wife, i keep a very clean house and all the clothes are washed, sorted ( i don't iron for him as when i did, he says there's no need) as well as all the other things a housewife does. my husband doesn't do anything indoors, he doesn't wash his cup up, doesn't put his things away, leaves a trail of mess for me to clean (not too major, but does get annoying) i really do not like having to clean out the sink after he has shaved either. our sex life is over in the blink of an eye, that is, after he wants me to please him, however, he doesn't believe in foreplay on me! he takes time out whenever he wants to watch a dvd or video i

First of all this doesn't sound like a functional marriage. His mother pays your bills although he works full time, and you don't know what he does with his money, as well as not bothering to do anything to help you out even though you have kids? He bullies you into changing your son's surname and your mother had to release the equity to cope with your financial expenses. You say he is well established at his company yet you don't know what he earns and he is still expecting his mother to pay for everything? If I were you I'd sit down with him and say that you will put his name back on the account as soon as he tells you where his money is going and from now on it will go into a joint account which will cover your house and bills . Also how can you afford to go on holiday when your mother pays your bills? I think you need to step back and take a long hard look at this situation yourself. You should be able to see yourself that this is not the right way to handle your finances.