Mobile Home Loans

How to know what type of home loan have?

What is the present interest rate on Home equity loan

My husband and I want to purchase a Duplex, he is in the military and about to deploy overseas. I am moving back home (Bakersfield), and thats where we want to purchase the Duplex. We are pre-qualified for a FHA loan. My sister and I will be living in one unit and rent out the other. Then After the deployment which is 6 months, I will move back with my husband near his duty station( couple hrs away) and my sister will stay in the unit. My husband and I come to Bakersfield pretty much every other weekend, and we will be staying in the unit while down here. Is this bad? Do I have to live there for a certain amount of time? It will be my primary residence for at least 6 months and most of the weekends.

My husband gets out of the military in a yr and a couple months, hes not sure if hes going to reenlist for another 4 yrs yet. But if he doesnt reenlist we will move back home into our Duplex. Were looking into duplexs because if we are to move back home, we will stay in one unit, and if/ when the time is right, my sister will be in the other unit, for both of our privacy and family.

The reason we are not using the VA loan is because if he does decide to reenlist and he is assigned a different duty station, they wont allow me to move out with him. Thats because one of us must reside in the home, even if he is overseas.

So do I have to reside there for a certain amount of time? What happens if im not there for the required time? Would it be like a 2nd home even if we will be renting an apartment when he gets back?
Any info will be appreciated. Thanks!!
I DO NOT NEED A LOAN NOR Do I need help with my good credit!

Just info on my questions, thx! Do you have a source that says I only have to be there for 7 months? Cuz if that’s the case, I will stay longer, and also my lender said multi family homes were ok to buy

Hi,

Im in a very business like mood at the momment. I havn’t had the best upbringing or been well off so my Grandparents and Auntie have just gone and bought me my first car after passing my tets and agreed to loan me the money for the insurance. Im so gratefull but out of pride i want to be able to pay them back which means i need to earn more. I have been working since i was 13 and never had any money issues.

Im looking for some home ideas i can do, i already seel old things i do not use anymore on ebay and have 3 fancy dress costume i have on ebay to loan out for people but that isn’t being noticed or generating atm.

Have you got any further ideas that might help.

Many thanks

Hi

I have worked in UK for the past two and half years , now I am working in India . What is that I have to submit for home/car loans in India , in other words what is UK’s equivalent of India’s Form-16.

Regards
GS

I believe I am a typical 33 year old, married male, who earns a decent living and manages/invests my money well, i think, but I am not 100% sure.  Most articles and research I see highlights either the super rich or people who have tanked.

I make between 150k and 185k p/year depending on bonuses.  My pay has risen sharply over the past 5 years with some promotions and I’ve increased my investments along the way.  Here is a high level breakdown of my financial situation:

Debt:

22k school loans (combined wife and mine into single low interest loan)

Home – owe 350k on a home worth about 420k.  I pay an additional mortgage payment per year automatically by spreading that payment out into 12 monthly payments.

Auto – owe about 2500 on a 2004 Durango.  I pay $500 per month so I am almost done with that.  I plan to continue to dump $500 per month into an account after this car is paid off.  The hope is to drive this car for 3-4 more years and use the money from that fund to buy a new, more energy efficient car, using cash.

No other debt

Account balances:

20k emergency fund in Ally Bank savings account.  I place $100 dollars per month automatically in this account each month.

10k in liquid savings account.  I put left over money manually into this account monthly.  I try to keep this at 10k at all times.

100k in 401k all invested in Fidelity 2040 target fund.  I now max 401k each year.  My company doesn’t do a match.  They dump profit sharing into the 401k yearly regardless of if I invest into the account or not.

11k in Traditional IRA all invested in Fidelity 2040 target fund.  I now max this out at 5k each year with monthly automatic payments.

1k in newly opened Traditional IRA I opened for my wife.  I plan to max this out now yearly at 5k and this is also invested in Fidelity 2040 target fund.

5k in 529 college fund invested in growth strategy fund in Illinois Bright Start fund.  I automatically invest $300 per month into this account.

Donations:

I donate about 3k to church tithes yearly (I should do better here)

Other than that, that is my financial situation.  I spend just about everything else per month on entertainment, food, bills, etc. for my wife, myself, and two year old daughter.  We plan on one more child and other than adding an additional $300 to another 529, my current financial plan would stay the same.

Other than maybe some better budgeting to leave some money for some short term investing, is there anything else I should be doing?  Anything I am doing I shouldn’t be doing?  I know Target fund approach seems lazy but I work and travel a lot and just don’t have the time to micromanage my portfolio.

From goals perspective, I want a few simple things.

1. Retire early if possible
2. Pay for some or all of kids college
3. Pay for daughters wedding

Again, most investment advice doesn’t seem to be geared towards someone like me so any advice is appreciated.  I just don’t want to “think” I am doing ok if I could be doing something better.
Thanks for the candid feedback Steven. I don’t disagree with anything you said. I can definitely do more with my income. I think I should hit up a financial advisor to dig even deeper and get me on the path you outlined below.

My boyfriend has this friend who he has even told me she will use men for their money. I have seen what she looks like and and she is beautiful, I know he is probably attracted to her looks also just like all the rest .She knows how to use her looks.Now she is going after him cause I found a letter from her suggesting they go out.She has already started calling him for money.He loaned her his credit card I found the statements three thousand.He’s letting her use him,what can i do to stop this?If i call her she will tell him and i don’t want him to know i found out.He has called her a home wrecker in the past.any suggestions?