All Forum Posts by: Kumar Gaurav

Hello

I am looking for a company that offers service agreement for AC both heating and cooling in northern NJ.PSEG does offer worry free program but are there any other companies similar services in northern NJ area?

Thanks

Thank you everyone for your wonderful answers.

@Michael Plaks

Beautifully articulated on a complex subject.

@Ashish Acharya

Thank you.I understand it better now, even though HVAC is a major component of a home,it's dealt as a separate entity that depreciates, likewise I am assuming that would be the case with refrigerator, washing machine furniture etc

Hello,

I am trying to wrap my head around the concept of depreciation. Let's say I upgrade my HVAC to replace old if install new condensation units worth $10000 just for the sake of numbers, how does it impact my depreciation

What section of tax returns has information about depreciation.Appreciate your inputs

Thanks.

@David M.

Thank you so much everyone for the excellent answers.

@David M.

Thank you and it makes sense but I have couple of questions.

#1 Is it mandatory or required by law to purchase a title insurance or is it just a stringent requirement by the lender to process the loan?

#2 Since you mentioned the previous lender's title insurance becomes void does that mean borrower's title insurance which was bought from the same company also becomes' void?

I currently have a a pretty good mortgage rate at 3.5 and aiming to lower the rate to 2.5 and the points and lender fees are making it unattractive I am just trying to see if there is a way out to bypass lender title insurance,

I

Hello,

I recently got started shopping around for refinance and the lender fees is very hefty and one of the fees they are including is the title fees, will I need to pay title fees again? even if I hold title insurance during my previous purchase? How much in title fees should I expect during Refinancing.Appreciate your inputs.

Thanks

Hello,

I would like to become a certified realestate agent.What is the road map and what courses I need to be taking.Also I would like to know if there are any advantages of being a realestate agent when selling one's own home.Appreciate your inputs.



Thanks

The concept of HELOC is new to me but I learnt this can be secondary lien that gives an opportunity to pay off loan quickly. I am shopping around but having a hard time to compare and contrast since the product is not straight forward like a conventional loan and I don't quite understand what it means when the product is presented as follows and how do I know if this is a better rate in the current market.Are there any books or video resources that can help me make an educated decision?

70% or less CLTV $25,000 - $500,000

Variable 3.75% APR (Prime + .25%)

70.01% to 80% CLTV $25,000 - $500,000 Variable 3.75% APR (Prime + .50%)

Appreciate your inputs.

Thanks

Hello,

I have a 30 yr conv mortgage loan with my current lender. I am planning to get started opening a HELOC account but the terms don't look great with my current lender. Can I have the HELOC from another mortgage company?

Appreciate your inputs.

Thanks