I am buying a house and was told by a friend that the first payment isn’t due at closing of escrow and that our first payment will actually be due the next month? Is this true? I’ve never heard of that. Would we be able to move into the house without paying anything until the next month? this just seems unreal.
Posts Tagged ‘first’
Ahhh! MATH…What is the value of the annuity??? SHORT…10 points for the first correct answer (THANKS)?
24
May
Ok, I’ve tried so many times but can’t seem to get the right answer:
Monthly: $32 deposits
APR: 8%
What is the value of the annuity at the end of 45 years?
Only a formula (correct one!) would be sufficient!
THANKS
after recieving a pale grant and a stafford grant when will the first payment be due?
18
May
I am unemployed and awaiting to be reinstated for my disability benefits i need to know when the first payment will be due repaying the grant loans.
First role of stockmarket?
18
May
This is a part of a book i read about stockmarket:
” Suppose that an entrepreneur starts a company that becomes
successful. In order to start the company, the entrepreneur probably had
some financial backers .Once the company has been
established, the owners of the company have a claim to the profits that
the company will generate in the future: they have a claim to a stream of
payments.
But it may well be that they prefer a lump-sum reward for their efforts
now. In this case, the owners can decide to sell the firm to other people
via the stock market. They issue shares in the company that entitle the
shareholders to a cut of the future profits of the firm in exchange for a
lump-sum payment now. People who want to purchase part of the stream
of profits of the firm pay the original owners for these shares. In this way,
both sides of the market can reallocate their wealth over time.”
Question : The lump-sum that owners get is the money that shareholders pay to buy the shares that the owners issued?
For example lets say there is a company worth of 100 000 $. So it can be split in 100 000 shares of 1$ worth ? And so, shareholdres will buy these shares at price 1$ and then the original owners will get their money back ??? i cannot understand this…
When will the first mortgage payment be due?
11
May
We are closing on a house on July 29th. When will the first payment be due usually? Thanks!
how do i know when my first credit card payment is due?
09
May
the statement closing date is march 14th (today) and online my balance is $80 something dollars, but next to minimum payment due it says $0, i’ve had my card about a month. is the statement closing when it is due??
If I close on a home on Feb 28, when is the first payment due?
03
May
If the first payment included in closing cost, or will a payment be due the first of march?
For a first time home buyer: Is it better to pay off the house in full or just put a down payment?
02
May
I’m looking to purchase a house sometime in the future in Las Vegas but I don’t know whats a better option. Paying the house in full or just putting a down payment. I’m looking to buy a $550,000 + home but I don’t know what’s a better payment method? I want to save some money in the end
How soon after settlement is your first mortgage payment due.?
27
Apr
I am settling on April 1st, i was wondering if I will also have mortgage payment due that month
Which should I fund first? Roth IRA or Tax Sheltered Annuity?
14
Apr
Previously, I worked for a regular company with a 401K match and funded that up to the match, then funded the Roth IRA. Now I work for a university and have a Tax Sheltered Annuity Plan instead. Now I am confused on which is the better benefit to fund first?
Would it be conducive to productivity as an Insurance agent, if I work a part-time job during my first year?
10
Apr
I have my license (215) to sell Life, Health & Annuities. I’ve heard that the first year in this career is rough financially. Would I be able to give my all to Clients/Prospects if I get a part-time job (3rd shift) in order to maintain my household. I’m a single female with no debts. Basically, rent, electric,cellular, home phone, car insurance and monthly needs like food and gas, of course!
Would I be able to work a second job
(maybe 3rd Shift) until I get financially secure? Not having the Insurance as a second job.
What is the present value of a five-year annuity; with the first $3,000 payment being made three months from?
06
Apr
What is the present value of a five-year annuity; with the first $3,000 payment being made three months from today, if the required return is 7% EAR? How can I calculate can you show?
Want to buy a new home but have questions first.?
26
Mar
My wife and I would like to move soon. We currently own our home now ($130K). My wife is not working, she’s in nursing school and will graduate in June 2010. I am not working due to an accident in July 2005 but I do receive $5000 a month in a structured settlement payment that is due to pay me until 2029. We have $70K to put down and we’re looking at homes that are asking around $245-299K. Basically want to get out of town and more rural with some land. We dont have the best credit (wifes is better than mine) but we dont owe anything aside from my wifes student loans ($25K) that are due to be paid back in December 2010 – that is when she’s due to start making payments. All credit cards (she has 3) are paid off and they’re nothing huge all under 1K in balance. We were wondering if we used the 70K as down payment and put our current home up as collateral (then rent it out for around $800 monthly) we could possibly get the loan for the new house or would having the $5000 a month in income be enough even though it’s not “income” perse it’s a settlement? This is all kind of new to us so we dont know where to start or what to do but dont want to be taken advantage of either. Thanks if you read and understand all that!