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We financed a house,and asking for advise? 30 year mortgage $460.00 a month(house insurance included)?

Question by Carl f: We financed a house,and asking for advise? 30 year mortgage .00 a month(house insurance included)?
we financed a home by means of a finance company.Everytime we pay the note much more income goes to the interest than it does the balence.Is this legal? Also we purchased the property”as Is” and we discovered termite damage in the walls of the house,and was not told about it.what legal methods can we take?

Greatest answer:

Answer by Shopper
My really very first mortgage payment only $ 10 went towards the principal.
Your principal does boost every month by just a little bit.
It really is the way mortgages work – most of the interest upfront.

You can only sue the prior owner if they knew of the harm and did not disclose it.
You will have to prove that the harm was clear to them.
My mother and father got sued for not disclosing, but they plainly knew there was a dilemma and did not disclose it. They had to pay for all repairs.

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If i take whole life insurance from LIC and after few year die due to illness do i still get the sum insured http://bit.ly/jdBVAI

If i take whole life insurance from LIC and soon after handful of year die due to illness do i nevertheless get the sum insured http://bit.ly/jdBVAI – by insurance_forum (Insurance Forum)

Today’s Mortgage Rates: Which home loan is best?

Texas Mortgage Info: How your mortgage person structures your loan is more important than the getting a low rate. To get the lowest 30 year or 15 year fixed rate consider avoiding PMI (mortgage insurance) even though these loans have higher rates; they have lower payments.

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