Imagine you and your spouse have outgrown your current home. You spouse wants to move to...

Imagine you and your spouse have outgrown your current home. You spouse wants to move to a larger home, but you’d like to add on to your existing home because you love your neighborhood. Explain how you would approach negotiating with your spouse about this topic.

Expert Solution

Introduction :- Its, quite difficult to explain someone our point of view when the next person is totally against in view on same thing. If, such situation ll come between me and my spouse then definetly i ll choose friendly approach to deal with this situation.. with following step:-

Firstly, i ll try to know about the reason of his outgrown for current house and if reason is only about the space then i ll try to deal it with option.
I ll make list of benefits of countinue with similar place and memories what we had he here.
As, we are here for long time then about the connectivity with our neighbour and people round us, convience which we have here because we known to our surrounding.
New place and shifting will come with new challenges and again we need to restart everything and because of that finance is also a matter, which we need to look after.
New shifting brings new responsblity and that can be a challenge, and to know people and again to built such trust can be difficult.
So, with change of setting or decore of house we can give change and new look to our house.

And, with this way diffently he can convenced to remain in same house.

Hayet Jeridi answered 2 days ago

You and your spouse have found your dream home. The selling price is $220,000; you will...

You and your spouse have found your dream home. The selling price is $220,000; you will put $50,000 down and obtain a 30-year fixed-rate mortgage at 7.5% Your banker suggests that, rather than obtaining a 30-year mortgage and paying it off early, you should simply obtain a 15-year loan for the same amount. The rate on this loan is 6.75%. By how much will your monthly payment increase/decrease for the 15-year loan than the regular payment on the 30-year loan? ...

You and your lovely and/or handsome spouse have decided the purchase a new home with a...

You and your lovely and/or handsome spouse have decided the purchase a new home with a loan for $260,000. The mortgage you chose offers a contract rate of 4.5%, a maturity of 30 years, and requires the payment of 3 points. What is the annual effective cost of borrowing for this loan if you make your scheduled payments for the full 30 years?

You and your spouse are considering purchasing a home. The home you are purchasing is $231,250....

You and your spouse are considering purchasing a home. The home you are purchasing is $231,250. You plan on offering full price today. You have a 10% down payment and your are financing the remaining balance for 30 years. (Round off the amount you are financing to nearest dollar.) You have checked with several lenders and find the best rate to be 4.5% for 30 years. In order to qualify for the loan the lender tells you that your front...

You and your spouse have found your town home in San Marcos, CA. The selling price...

You and your spouse have found your town home in San Marcos, CA. The selling price is $360,000; you will put $60,000 down and obtain a 30–year fixed-rate mortgage at 7.25% for the rest. 3. Refer to above. Assume that monthly payments begin in one month. What will each payment be? A. $2,325.01 B. $2,046.53 C. $1,876.48 D. $1,938.72 E. $2,173.46 4. Refer to above. Although you will get a 30-year mortgage, you plan to prepay the loan by making...

You have decided that your company has outgrown the warehouse described in the previous problem. You...

You have decided that your company has outgrown the warehouse described in the previous problem. You have received an offer from someone willing to purchase the warehouse for $1,200,000. If you accept this offer, how much money will you have left over from the sale after you have paid off the balance of the loan? As a reminder, the original loan was a 15-year, 6% APR (monthly) loan with monthly payments with an original amount borrowed of $1,500,000. You have...

imagine a situation in which adult children move back in to their parents' home. describe the...

imagine a situation in which adult children move back in to their parents' home. describe the conernd from both the young adult's and the parents perspective , and summarize important issues for discussion by both parties. in one paragraph summarize the concerns from both young adult's and the parents perspective. in the second paragraph summarize the important issues for both parties.

Imagine a situation in which adult children move back into their parents’ home. Describe the concerns...

Imagine a situation in which adult children move back into their parents’ home. Describe the concerns from both the young adult’s and the parents’ perspectives, and summarize important issues for discussion by both parties.

You and your spouse are in good health and have reasonably secure jobs. Each of you...

You and your spouse are in good health and have reasonably secure jobs. Each of you makes about $33,000 annually. You own a home with a mortgage of $90,000, and you owe $18,100 on car loans, $7,800 in personal debt, and $3,800 in credit card loans. You have no other debt. You have no plans to increase the size of your family in the near future. You estimate that funeral expenses will be $8,500. Estimate your total insurance needs using...

You are now 80 years old; you have lost your spouse, your children are grown and...

You are now 80 years old; you have lost your spouse, your children are grown and now live out of town. Your vision has failed so you no longer have the ability to drive. Osteoarthritis has made it difficult for you to walk and raise your arms above your head. This has forced you to use a walker. You no longer have the ability to prepare your own food or to bathe yourself. Your hearing has also failed you and...

5. Suppose that you and your spouse have recently purchased a house with a loan of...

5. Suppose that you and your spouse have recently purchased a house with a loan of $50,000. The terms were 15 percent interest and annual payments of $7,988.07 for 20 years. What proportion of the loan will have been paid off after 20 years? 5 years? 8 years? 12 years?

Question