NLIC.org

Phyllis Said:

why do people want obama care to pass?

We Answered:

Health care is available to anyone who asks for it, people that don't pay now will not pay under obama care. but under obamacare the government can always raise taxes to compensate for any losses created by people that don't pay, i.e welfare, and illegal immigrants. it is the same now only insurance make up the loss, under Obamacare taxes will make up the loss.

Maurice Said:

Reasonable offer on a house?

We Answered:

The offer seems reasonable, but your logic is flawed. The fact that the sellers do not need to sell means they can wait which means that lowball offers are more likely to be rejected. With the market bad, however, you come in right at a 10% discount between the closing help and price offer, which is not bad and certainly not lowball. The problem with lowballing is that many owners may get insulted and not even counter.

Herbert Said:

If you were getting married and were in college, would you buy or rent?

We Answered:

Ah, I just saw that your mother-in-law owns a Century 21. Great, she can answer this for you.

First, yes, if you paid off a car in 3 years instead of 6 of the note, it helped you. It went on your credit and your mother's both since you were both on the note.

However, unless your husband/boyfriend also has credit, one paid off loan will probably not be enough to get a mortgage.

Now, if you find a house you like that you can afford the mtge payments (and in many cases, a mortgage on a small house is cheaper than apartment rent), it would be in your best interest to have the property inspected by a professional. That'd be a few hundred dollars (I paid about $300 in 2004 in East Tennessee). That inspection would tell you if the roof is bad, if the wiring is bad, etc.

Painting and minor stuff you can probably afford to do, but if you fall in love with a house that has a lot of structural stuff wrong, run. Trying to finish your education and fix the house might get you into financial trouble early into your marriage.

Upkeep on a home is expensive. You will be required to have homeowners insurance. You can get different levels, but I'd recommend that you get a GOOD policy and pray you never need it, but you never know. Voice of experience here.

Then, there's the yard work. People want big lawns, but trust me, little ones appeal to me more. I pay someone to take care of my lawn.

I get a great deal, but if you have to purchase the equipment -- mowers, trimmers, etc. to do it yourself that's a fairly good chunk of money to lay out at one time.

Taxes are expensive. Since you're in Missouri, aren't you?, they're likely much less than the major metropolitan areas. Plus, if you get out in the county a little ways, taxes are less. You'd want to be close enough to commute easily to school and work, but out of the city limits so that you're paying only county taxes, not city and county.

Good luck. Home ownership is exciting.

Darrell Said:

If you were a married college kid, would you buy or rent?

We Answered:

Try living in a apartment for at least 1 year and decide what do you prefer.

Douglas Said:

Is Fox News Telling the Truth?

We Answered:

Of course it is true. However, your facts have no place here. This is a place for knee-jerk reactionaries and mindless blather.