Archive for June, 2007
Finance And Software
June 28th, 2007
Question: Looking for easy and simple personal Finance Software?
Hi, I am searching for one of those programs that let's you calculate your finances and create the best budget. What I don't need is a program that keeps track of my accounts or tries to sell me stuff. I need a simple software where I put the data and it just puts all in a good perspective so I know how not to end with a 0 at the end of the month.
Answer: I've been using Quicken for years. I can download transactions from my checking, savings and credit card. As the software "learns" which categories I use most often, there's very little entry for me to do. Then I can run reports and see where my money has gone - which helps me plan for where I want it to continue to go.
Check Out Quicken 2010 Personal Finance Software!
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Owner Finance Mortgage
June 28th, 2007
Question: Owner financing mortgage?
I asked this question earlier but i left out the why so maybe with a new title and more detail people can better help me... and to the people who answered it previously THANK YOU!!!
Mortgages and escrow?
Is it possible to take your taxes and insurance out of escrow?
Additional Details
The reason for my asking is because I am buying a 2 family house and doing owner financing and wanted to pay it by myself directly from my checking to make sure it's paid for my records.
Answer: Yes, as long as the house appraises high enough that the lien (mortgage) on the house is 80% or less.
If you are in the U.S., then there is legislation that mandates that the owner must be notified that they can cancel the escrow account if the mortgage is 79% of the appraisal amount.
We own our house and have never escrowed our taxes or insurance since we put 20% down and opted out of escrowing right away.
!!! Owner Finance !!! 4 Br, 2 Ba, 2 Story !!! No Credit Check !!!