Home Loans Midland

qualifications to get a home loan

VA loan approval may be easier than many think. Understanding the VA requirements can help borrowers know what to expect during the VA home loan.

Seek out low-down-payment loans. of qualification requirements. If you’re not ready now, ask what you can do to get ready.

What Are FHA Home Loan Requirements? | FHA First Time Home Buyer Requirements Having said that, you don't need an excellent FICO Score to get a mortgage. In fact, if your employment, assets and other qualifications justify.

So, the next time, when the RBI revises the repo rate, be ready to see a faster transmission of the revisions on either side.

debt reduction can boost your qualifications for any type of loan. For conventional loans, debt reduction will obviously.

Applying for your first home mortgage can feel daunting. Use our first time home. Get answers to common home-buying questions. You are here:.. The availability and qualifications can be different depending on the location of the property.

how to lower mortgage payment How to Lower Your Mortgage Payments Without Refinancing. – Refinancing is the most common way to get a lower mortgage payment. However, many lenders are willing to figure out a better repayment plan, without a refinance. Your financial circumstances and your lender will determine whether you can reduce your payments without refinancing.best home equity line of credit rates For a fixed-rate, fixed-term home equity loan, federal regulations set the limit at 43% DTI. With HELOCs, lenders have more discretion, meaning that you can shop around if your DTI is higher. Comerica.

When you prequalify for a home loan, you’re getting an estimate of what you might be able to borrow, based on information you provide about your finances, as well as a credit check. Prequalification is also an opportunity to learn about different mortgage options and work with your lender to identify the right fit for your needs and goals.

heloc on investment property Hi, I have an investment property with about 50% equity in it. I am interested in leveraging the equity to do some more real estate investing. I havHi, I have an investment property with about 50% equity in it. I am interested in leveraging the equity to do some more real estate investing.

Determine your eligibility for the FHA Home Loan Program on. What are the guidelines regarding getting an FHA loan and then selling that.. If you find that you are struggling to meet minimum qualifications for an FHA loan.

When councilmember rob johnson questioned the fine print of the loan being callable in 10 years, Nelson explained that it’s.

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Do you own it outright or have a low loan balance? If you can answer "yes" to all of these questions, then the fha reverse mortgage might be right for you.

fha home loans rate Crime Rate In Midland Texas Midland, TX Crime and Crime Rate – USA.com – Midland, TX has a Crime Index of 1,611.88, which ranked #461 in texas. multi-years midland crime count, police force, and hate crime data included as well.FHA Inspection and Appraisal Requirements – This will also help you secure the best mortgage rates. A HUD-approved appraiser conducts an FHA inspection to make sure the property is safe, secure and sturdy enough to live in. The requirements are.

If you are planning to buy a new home or vehicle this festive season, your EMIs could get cheaper due to the external.

can i check my caivrs report What is CAIVRS? What does it mean to be listed on CAIVRS? – Your lender should be able to tell you why you’re listed on CAIVRS. While bad credit mortgage lenders don’t check CAIVRS, you can’t get a government loan as long as you are on that list. You need to take steps to get off of it by paying the debt or at least bringing it current under a repayment plan.

Learn about VA home loan eligibility requirements. find out how to. Can I get a Certificate of Eligibility for a VA direct or VA-backed home loan? You may be.

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how to buy investment property with low down payment

4) When you can BURL like a champ. BURL = Buy Utility, Rent Luxury. If you’re able to easily allocate capital towards investment properties that trade at low gross annual rent multiples (high cap rate) to generate tremendous cash flow to pay for a rental property in an amazing location that trades at a high gross annual earnings multiple (low cap rate), then you should go for it.

Not only will this help you save for your down payment, but it will solidify your future mortgage payment in your budget. This will help you make sure you can afford your mortgage once you buy your ..

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Down Payment Amount: Rental property loans typically require a 20 percent or more down payment, and a loan for a primary residence may have a down payment as low as 3.5 percent Type of Lender: An investment property loan can be found through an online lender, business lender or at a bank; however, a primary residence loan will usually be found.

Investors borrowing money for rental property investment can choose from this list of loans. 6 Ways To Buy Rental Property With No Money Down 1. FHA Owner-Occupancy loans. fha loan for homeowners is one of the quickest loans you can get for a buying rental property with no money down. Based largely on your credit score, owner-occupancy loans.

Self-storage is a type of real estate with low capital expenditures, making the expenses low enough to maintain cash flow in.

Low Down Payment Investor Loans.com by hurst lending offers low down payment loans for residential real estate investors. historically, investors have been required to put 25-30% down to get the best interest rates on investment property loans.

can i check my caivrs report mortgage rates investment property U.S. Bank offers investment property loans for those interested in buying second homes and investment properties, including one- to four-unit residential properties and vacation properties. As an option, you may be able to use your current home equity to finance buying additional property. To learn more, please contact a mortgage loan originator.HUD Provides Availability Info for Shutdown – Applications for the following can be submitted according to applicable policy, but they will not be reviewed or approved for the duration of the shutdown. Lender and Loan Monitoring Activities (e.g.,

Buying a property for rental income is a bit different than buying a home to live in. Real estate has produced many of the world’s wealthiest people, so there are plenty of reasons to think that.

how to lower mortgage payment How to Lower Your Mortgage Payments Without Refinancing. – Refinancing is the most common way to get a lower mortgage payment. However, many lenders are willing to figure out a better repayment plan, without a refinance. Your financial circumstances and your lender will determine whether you can reduce your payments without refinancing.home loan employment requirements What are the pros and con for taking a personal loan from a bank to get a car, good idea? ? – We could get a loan for anything a home, cars. Then 5 years ago. where you can have an advance cash without much requirements? such as employment verification? Or one that is good for a self.

There are some points to remember when purchasing investment property with no money down. A key point is the comparison of monthly payments to expected rental income. When you are financing 100% of the purchase price, your payments will be higher. If you have a second mortgage payment to add to a first mortgage, your payment may be even higher.

mortgage payment grace period Frequently asked questions. print working with Wells Fargo . When can I speak with a wells fargo home preservation specialist?. Don’t believe TV, radio, or internet ads or telephone solicitations promising you quick and easy answers to home mortgage payment challenges.

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heloc for rental property

In addition to interest paid on a mortgage or a HELOC on a rental property, landlords can write off the depreciation. residential real estate rentals are depreciated over 27.5 years. If you have a.

HELOC on Rental Property. jameshogg.. As far as I know, it is possible to get a home equity line of credit (HELOC) on a property that is non-owner occupied. Most of the lenders will require you to maintain at least 20% equity in the property. Moreover, the lenders will request for qualifying.

So what do you guys think? Has anyone had any luck doing a HELOC against a rental property? Any suggestions? Any worthwhile options I’m overlooking? I don’t really want to wait the 9 months because I know I can get significant positive cash flow right now, and don’t want to miss 9 months of that. Thanks again for any input.

A home equity line of credit, or Higher ability to repay. To get a HELOC as a rental property owner, you may have to show that you can afford to repay the entire amount, says Lucas Hall, founder of Rental income information.

Traditionally, a HELOC is used by homeowners to make home improvements, but there are no limits to your purchasing power. This is why a HELOC is a great strategy for purchasing real estate. You can turn your home equity into cash flowing rental properties, and your tenant makes the payments with their monthly rent.

refinance home loans no closing costs Refinance – No Closing Cost Option | Zillow – Extra Costs of a No-Closing Cost Refinance Sometimes, the mortgage company will charge you a higher interest rate if you waive the closing costs. So, you might get a 3.5 percent interest rate if you pay closing costs, but a 3.9 percent rate if you don’t.

Can I get a second mortgage on an investment property? Yes, it is possible to get a traditional second mortgage or a home equity line of credit on a property that is non-owner occupied. Most lenders will require that you maintain at least 20% equity in the property (after closing on the second mortgage), and there may be a loan maximum which is lower than that of owner occupied loans.

Those living outside the city limits pay a bit more because their property taxes do not help support the pool. adult water.

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Is this a smart use of home equity? Answer: It may be. You’ve got some experience as a landlord, so you understand what’s involved in maintaining and repairing a rental property and dealing with.

Courtesy image A Huntington developer is looking to build a 36-unit, four-story rental apartment building on East Main.

get qualified for mortgage fha home loans rate today’s Mortgage Rates and Refinance Rates. Be sure to use APR, which includes all fees and costs, to compare rates across lenders. Rates below include zero discount points. Use our product comparison tool for rates customized to your specific home financing need. 30-year fixed rate 4.625% 4.706% 30-year fixed-rate VA 4.5% 4.808% 20-Year Fixed.

Home Loans Midland

203k rehab loan lenders

The basics of 203 (k) loans. A portion of the loan is used to purchase the home or pay off an existing mortgage, and the remainder is placed in escrow to cover the work on the home. A single payment plan and set of terms cover both sets of funds. A 203 (k) can be a fixed- or adjustable-rate mortgage.

Section 203(k) is a type of FHA home renovation loan that includes both the cost of buying a home and the renovation costs. It is given to those who choose to rehab a damaged or older home. This home purchase and renovation loan is backed by the Federal Housing Administration and funded by 203k mortgage lenders.

fha 203k loan requirements 2017 home loan pre approval online Home Equity Line of Credit or Loan – RBC Royal Bank – Start Your Online Mortgage Pre-Approval. Lock your rate and know exactly how much home you can afford. Start your pre-approval online and an RBC ® mortgage specialist will be in touch within 24 hours to help you complete your pre-approval application.. start online pre-approval start Online Pre-approvalLess rigorous lending standards and lower down-payment requirements. repairs The FHA has a special loan product for borrowers who need extra cash to make repairs to their homes. The chief advantage.

FHA 203k Loans can be a perfect all-in-one purchase and renovation loan for home buyers. Before you invest time and money, we’ll show you how to use the FHA 203k Loan Calculator to see if it’ll work for you.

A provision should be included in the sales contract that the buyer has applied for FHA 203k financing, and that the contract is contingent upon loan approval and the buyer’s acceptance of additional required improvements as determined by HUD, the Appraiser and/or the Rehab Lender.

The 203(k) Program provides FHA mortgage insurance on loans that combine home purchase and rehabilitation financing. Loans to rehabilitate and refinance a borrower’s current resident area are also.

Compared to conventional loan programs, the process and the requirements involved in securing 203k financing can be quite difficult. To secure a 203(K) insured loan for rehabbing or renovating a single-family home, the best choice would be to approach an experienced FHA approved lender that lends in your area.

203(k) Rehabilitation Mortgage Insurance Limited 203(k) Mortgage FHA’s Limited 203(k) program permits homebuyers and homeowners to finance up to $35,000 into their mortgage to repair, improve, or upgrade their home.

FHA 203k Loan Requirements 2019 Many home buyers want to purchase a fixer-upper and have the money for a down payment, but lack the funds needed to also make the repairs or improvements needed to complete the project. The FHA 203k loan is a unique mortgage program that can help you to accomplish this goal.

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Home Loans Midland

mobile home refinance company

VA Nationwide lends up to 100% Manufactured Home Loans On Permanent. the closing right on cash out, debt consolidation and streamline refinance programs.. and your services to other Agents within our company, and I intend to do so.

21st Mortgage Corporation is a full service lender specializing in manufactured and mobile home loans. We originate and service a variety of loans to borrowers from manufactured home retailers, mortgage brokers and directly to consumers all over the USA.

how to lower my mortgage payments Prepaying your mortgage: How reducing your. – bankrate.com – You can reduce interest on your home loan by paying the mortgage principal early. How much do you need to pay to make a noticeable difference? And how much can you save versus the opportunity cost.how to refinance a second mortgage Second mortgage loans usually have terms of up to 20 years or as little as one year. The shorter the term of the loan, the higher the monthly payment will be. It is always a good idea to talk about the terms of repayment with the lending mortgage company to select the loan that will best suit the needs of the homeowner.

Are you looking for manufactured home loans? arizona Central Credit Union provides affordable financing options for families seeking to buy a manufactured .

First Credit Corporation offers insurance coverage for manufactured homes through several leading insurance companies. These companies have been chosen by us for having the highest industry ratings for financial stability, as well as superior coverage and claims service.

I can not seem to find a mortgage company willing to finance a mobile home as an investment property. Its permanantly attached to the land and taxed aI can not seem to find a mortgage company willing to finance a mobile home as an investment property. Its permanantly attached to the land and taxed a

Home shoppers who visit Zillow to shop. conjunction with the rollout of a new look and feel on Zillow’s mobile apps and website. Zillow Home Loans is the re-named mortgage origination business.

Mobile home refinancing lenders YES! Mobile home refinancing, refinance mobile home in park loans or purchase loan financing. Manufactured home refinance and mobile home refinancing loans lender. Refinancing – Mobile Home Refinancing Refinance Mobile Home In Park Get up to 60 days with no payment Lower and fix your rate Lower your payments

Refinancing your mobile home loan can lower your monthly payments and get the lowest rates seen in over 40 years! You can combine loans, convert a variable rate loan to a low fixed rate loan with stable monthly payments and even shorten the length of your loan and save thousands in interest charges.

Triad Financial Services, Inc. is one of the oldest and most trusted lenders in the manufactured home industry with over 50 years of lending experience. Triad is trusted by Borrowers, Dealers, Lending Institutions and Realtors alike and has helped tens of thousands of families realize their American Dream of home ownership.

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best home equity line of credit rates

Finally, we have the home equity line of credit (HELOC).. These loans offer lump-sum payments with lower interest rates than non-SBA term. pros: offer funds to business owners with good personal or business credit.

Crime Rate In Midland Texas apply for fha home loans Apply For An FHA Loan – Federal Home Loan Centers – FHA loans are easier to qualify for, have lower interest rates and smaller down payments when compared to conventional loans. One of the more popular options is the FHA loan. FHA doesn’t make loans, brokers such as federal home loan centers loan the money and fha insures loans.home loan employment requirements American River Bank Assists two Local Charities in Securing $70,000 in Grants from federal home loan Bank of San Francisco’s AHEAD Program – Jan. 16, 2019 /PRNewswire-PRWeb/ — American River Bankshares (NASDAQ-GS: AMRB) is pleased to announce the two local recipients of grants from the Federal Home Loan Bank of San. and expand the use.Midland Crime Rates and Statistics – Niche – Explore crime rates for Midland, TX including murder, assault, and property crime statistics.. midland Crime. Crime & Safety. C+. Based on violent and property crime rates. Poll. How safe do you feel in this area? Based on 28 responses. Pretty safe. There is some crime, but it doesn’t impact.

But Chase and Bank of America each offer an option that lets consumers combine the best of both loans. With this option, borrowers can lock in a fixed interest rate on all or a portion of a home.

compare rates, and apply for a mortgage. However, currently, they are not offering a traditional home equity loan. Before you decide to take a Wells Fargo Home Equity Line of Credit check out your.

A home equity line of credit (HELOC) is like a credit card. refinancing might not be in your best interest because this could quite possibly increase your interest rate. Get your three credit.

What is a credit line? It’s a type of revolving credit that allows you to continue borrowing money over a period of time.

apply for fha home loans FHA Home Loans – Eligibility, Benefits & How to Apply | PennyMac – Learn more about FHA mortgages, get rates and apply today. The FHA Streamline Refinance is a special mortgage product reserved for borrowers with existing FHA loans.*The program allows homeowners to bypass many of the traditional underwriting requirements.

so even if you are able to get an adjustable interest rate on a home equity loan or line of credit, it may not be in your best interest if rates are currently low and are expected to rise. Pros and.

Home equity lines of credit are secured by your home, which lowers the risk for the bank and allows them to offer you a low interest rate, similar to a mortgage. Home equity lines of credit are lines.

However, higher interest rates and an increase in the debt level, for that matter a steep debt/equity ratio, impacts the credit. home improvement major Home Depot stands to lose. Today’s Best.

how to lower mortgage payment How to Lower Your Mortgage Payments Without Refinancing. – Refinancing is the most common way to get a lower mortgage payment. However, many lenders are willing to figure out a better repayment plan, without a refinance. Your financial circumstances and your lender will determine whether you can reduce your payments without refinancing.pre qualify fha loan FHA Loan Nebraska – Eagle Mortgage Company Omaha – First Time Home Buyers should apply for a FHA loan to make home buying affordable. Eagle Mortgage Company can help you apply for a FHA loan in Nebraska.

To get the best interest rates with most lenders, you’ll need a credit score of at least 740. big banks typically add the value of the home equity loan or line of credit you’re seeking to the balance.

(See Is the Interest on a Home Equity Line of Credit (HELOC. many factors to consider when deciding which is the best way to borrow: how you will use the money, what might happen to interest rates,

For a fixed-rate, fixed-term home equity loan, federal regulations set the limit at 43% DTI. With HELOCs, lenders have more discretion, meaning that you can shop around if your DTI is higher. Comerica.

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home equity line of credit rental property

In this situation, there are three options for redeploying the equity: sell the property, cash-out refinance, or take out a home equity line of credit (HELOC. an apartment private placement at 15%,

A home equity line of credit, or HELOC, is a second mortgage that uses your home as collateral to let you borrow up to a certain amount over time, rather than an.

When you open a wells fargo home equity line of credit, you won't have to pay.. Texas homestead properties are limited to 80% combined loan to fair market.

Consequently, interest rates on rental property loans are usually higher than on loans tied to your actual residence. Lenders also mitigate risk by offering shorter loan terms on rental properties. While you often can get home equity loans for up to 30 years on primary residences, some lenders cap rental home loans to 10 or 15 year terms.

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Reading the answer, I’m not clear whether the interest on a Home Equity Line of credit taken out on a Rental Property would continue to be deductible in 2018 under the new law. It’s not about Mortgage Interest or about 2017.

The tax-deduction rules for rental homes are completely different than the rules for your own home. You can usually deduct the interest on a home equity line of credit taken against a rental home, relative to that rental home’s income. However, calculating how that deduction affects your overall taxes can be more.

The equity in your home is equal to its current appraised value minus the amount you owe in mortgage debt. A HELOC is a revolving line of credit secured by your home’s available equity.

refinance home loans no closing costs A Consumer's Guide to Mortgage Refinancings – Compare a home equity loan with a cash-out refinancing to see which is a better deal for you.. Ask the lender offering a no-cost loan to explain all the fees and penalties before you agree to these terms.. You can ask your lender for an estimate of the closing costs for the loan. The.

The collateral for a HELOC is your primary residence. So HELOC on a rental is an oxymoron. Local banks may entertain a LOC (Line of Credit) with the collateral being income producing real estate. Many banks want first position collateral only, and may put limits on the use of (draw from) the LOC.

fha loan house requirements Prospect mortgage fined .16 million for crisis-era FHA lending violations – On Monday, the Department of Justice announced that Prospect Mortgage will pay more than $4 million to settle allegations the company committed civil mortgage fraud by underwriting mortgages that did.

Do banks give out Home Equity Lines for a rental property? The home is free and clear,, just needing a line of credit on it. Jim, North Ogden September 23, 2015 01:01:00 PM

heloc on investment property Home Equity Line of credit investment property loans No Closing Cost First Mortgages. America First Credit union offers investment property loans for those members who own a home, but the home is not their residence. You can use the funds for any number of reasons.

Home Loans Midland

fha 203k loan requirements 2017

"Lenders can now access a detailed asset valuation that meets compliance requirements. procedures for FHA 203K and escrow holdbacks including a review of the HUD-1 for 203 (k) loans prior to your.

fha 203k loan 2017 The fha 203k loan 2017 program is the primary program for the rehabilitation and repair of single family properties. The loan program offers the borrower one mortgage loan, to finance both the acquisition and the rehabilitation of the property.

Compared to conventional loan programs, the process and the requirements involved in securing 203k financing can be quite difficult. To secure a 203(K) insured loan for rehabbing or renovating a single-family home, the best choice would be to approach an experienced FHA approved lender that lends in your area.

An FHA 203k loan allows you to borrow money, using only one loan, for both home improvement and a home purchase. These loans can also be used just for home improvements, but there might be better options available. 203k loans are guaranteed by the FHA, which means lenders take less risk when offering this loan.

The decline in entry-level new construction is stark: 36 percent of homes built in 2000 had under 1,800 square feet; in 2017, 22 percent did. The two major types of renovation loans are the FHA 203.

pros and cons of fha loans Quicken is the largest FHA lender in the nation and a mortgage-technology leader. pros Quicken Loans couples a fully online. Mac and Fannie Mae that require down payments as low as 3%. Cons Doesn’t.

In 2017, Citywide originated. culture and platform that allows mortgage professionals to shine for their clients. They are a correspondent lender with a full range of loan products including:.

VA and USDA purchase loans, as well as FHA Streamlines and 203k products for borrowers looking to refinance their mortgages. Earlier this year, the company expanded its credit requirements on all.

home loan pre approval online Home Equity Line of Credit or Loan – RBC Royal Bank – Start Your Online Mortgage Pre-Approval. Lock your rate and know exactly how much home you can afford. Start your pre-approval online and an RBC ® mortgage specialist will be in touch within 24 hours to help you complete your pre-approval application.. start online pre-approval Start Online Pre-approval

Less rigorous lending standards and lower down-payment requirements. repairs The FHA has a special loan product for borrowers who need extra cash to make repairs to their homes. The chief advantage.

manufactured home interest rates Warren Buffett’s Exploitative Mobile Home Investment – Warren Buffett’s company Clayton Homes, the biggest mobile home manufacturer in the U.S., has continued to profit from high interest rate loans. The Oracle of Omaha has sold low-income Americans the.

ATLANTA, Aug 16, 2017 (BUSINESS. Equity Prime Mortgage is set to move into the next stage of professional development. Headquartered in Atlanta, Ga., Equity Prime Mortgage provides an array of.

An FHA 203k loan allows homeowners to purchase and renovate a house using one home loan. Learn more about this rehab loan, its pros and cons, as well as who is eligible for a 203(k) rehab loan from the FHA.

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how much is pmi on fha

That means no PMI, but a higher rate. However. because they can either add money to their bank account or yours. Of course, the latter is much better.” “FHA financing (minimum 3.5% down loan.

get qualified for mortgage Mortgage Loan Qualification . Before house-hunting ever begins, it is good to know just how much house the borrower can afford. By planning ahead, time will be saved in the long run and applying for loans that may be turned down and bidding on properties that cannot be obtained are avoided.

You can find an FHA 203(k) lender by going to the Department of Housing and Urban Development’s online search tool and checking the 203(k) box at the bottom of the page. The main problem with the.

The Federal Housing Administration plans to impose significant restrictions in the near future on the amount that sellers can contribute at settlements. On top of that, FHA also will be raising its.

The higher the LTV, the more your mortgage insurance will cost.. housing association (fha) loan, you will have a type of insurance called Mortgage Insurance.

If you have a Federal Housing Administration (FHA) or Department of veterans affairs (va) loan, the HPA does not apply. If you have questions about mortgage insurance on an FHA or VA loan, contact your servicer. If you have lender-paid mortgage insurance, different rules apply.

Through an FHA loan, you can buy a home of your own with just 3.5% However, at least 20% is ideal, because otherwise you can.

The biggest is the need for costly private mortgage insurance, or PMI.. Look at FHA, VA and other types of home loans to make sure you’re getting the right one for your situation.

You can calculate mortgage insurance on an FHA loan by using current mortgage insurance premium rates as published by HUD. You will also need an exact loan amount, or the amount you expect to.

manufactured home interest rates Mobile Home Loan Rates – Manufactured Home Interest Rates – Mobile Home Loan Rates – Manufactured Home Interest Rates and programs by JCF Lending Group, Equal Opportunity Lender.

PMI, also known as private mortgage insurance, is a type of mortgage insurance from private insurance companies used with conventional loans. Similar to other kinds of mortgage insurance policies, PMI protects the lender if you stop making payments on your home loan.

How much does PMI cost? The average annual PMI premium typically ranges from .55 percent to 2.25 percent of the original loan amount per year, according to data from Genworth Mortgage Insurance.

FHA mortgage insurance allows buyers and homeowners many benefits. So learn how much it is, how it goes down, and if it can go away over.