The new home may not be the most expensive place to live, but it will also likely be one of the most expensive to maintain.
If your new home is a rental, you should understand that your landlord is always going to want to know the amount of money you’re spending on electricity, heating, and so on. It’s really not your fault if you can’t afford to maintain your new home.
Your landlord will want to know what your mortgage payment and other expenses are going to be before he lets you rent your place. If you decide to rent it out, be aware that your landlord will probably be the one that gives you the rent check. He may ask you questions about your home, like which rooms need to be painted, when you last had rent, and so on.
One of the most common problems with renting, I think, is that landlords want to know just how much money you’re going to be spending on rent. They don’t want to be caught out if you don’t pay, so they want to know what you’re going to be paying in rent.
I think a lot of renters are being overcharged. In some cases landlords make a huge amount of money on the rent they collect for a given apartment, but then when it comes time for the landlord to get his cut he is afraid he might not be able to collect it if the apartment is not properly maintained, so he charges a lot more to rent a place with a less than adequate cleaning/maintenance record.
So to make matters worse, it can be hard to get a mortgage if the property that you rent is not in good condition and you have no way to track how much money you’re spending on it. Many people who have trouble making ends meet still get a mortgage (or even a home equity loan) because they are able to show they have a good credit history and the lender takes this into account.
This is because most real estate agents have their own client lists and these lists are monitored for accuracy. The problem with this, as with any mortgage, is that the interest rates are set by the bank and cannot be changed. This means that someone with bad credit history can have a mortgage offer that is less than what they can afford.
This is where the “cool guy” is. A friend of mine who works for a real estate broker told me that just because the guy is good with an average mortgage, doesn’t mean he can loan more money.
This is where the “smart guy” comes in. The “smart guy” is someone who knows the difference between a fixed rate mortgage and a variable rate mortgage. A variable rate mortgage is a mortgage where the bank changes the interest rate every month. The “smart guy” understands that a regular mortgage that is fixed in interest rates is going to get a little cheaper as interest rates rise.
The smart guy also knows that if he was to go over the loan limit with someone like this, the other person could sue the other guy. So our smart guy, a little like the good mortgage broker, is going to take a little extra time to do some homework before he decides what to do about the loan.
