Sentences with phrase «burdens of a larger home»
Retirees who did downsize (51 percent) cite greater freedom from the financial (64 percent) and maintenance (44 percent) burdens of a larger home among their top reasons.
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Make a $ 450,000 home loan with 3 % down to a couple making $ 35,000 a year working at Starbucks; already burdened with $ 90,000 in student loans, $ 20,000 in credit card debt and FICO scores of 610, after they tell the loan officer they make $ 120,000 as senior managers of a large multi national corporation When they default on the home loan, file bankruptcy to discharge student and credit card debt and start living in section 8 housing, you now have a new brother and sister.
One, two and three family homes — the main subject of today's discussion, dubbed class one properties — are taxed differently than other property classes, including large rental buildings, utilities, condos and co-ops, and commercial property, all of which bear a significantly higher tax burden than the class one properties.
These are excellent times to buy term life insurance, because you can ensure that the financial obligations of your home and family do not become a large burden for your survivors if you die unexpectedly.
A conventional loan is an option that allows you to purchase a home without the burden of saving a large down payment.
We're seeing a giant / ongoing transition in Germany — from public landlords to private landlords (& increased home buying): The authorities don't want / can't afford the responsibility or the financial burden of large - scale housing provision any more.
If a seller has a large amount of equity in their home, the buyer would be required to have that in cash upfront or take on the additional burden of a second mortgage.
Some, relieved of college tuition burdens, may trade up to a larger dream home, whereas others may respond to the empty - nester syndrome by trading down.
Buying a large home on a large plot of land can be a way to get out from under the burden of a home loan — or at least lead to a smaller mortgage — but there are other costs buyers should know about before they find the tiny house of their dreams.