All Forum Posts by: Eric Bermudez

So I was looking to refi my home and Im on the fence about it. My ultimate goal is to get into real estate and purchase multis. I owe $147, 000/15 yrs left on my home and have a FHA loan with a 4.0%. I went to broker to see what I can do. With my credit score being 630, i could get into a conventional loan but at 4.8%/30yr in which i could also pay off a few loans which would help increase score and possibility use FHA in future for purchase. My current mortgage would increase by around $65 monthly but having paid off loans would give me extra $700 in my pocket monthly. Do I think long term and do it or should I look at other options. Any advice is appreciated.

Looking to refinance my home which owe currently $148000, rough estimate it would value $210-215. I would like to purchase a multi as investment property. Was looking to possibly get a heloc or refi cash out to take small amount clear some debt and have money for down payment. Anybody have any experience, advice, thoughts on this? thank you. 

Thanks for words of advice. To clear up what I was saying, I was more pertaining to my own debt. Trying to get it all together in one sum and paid off with one loan, as opposed to making different payments on different accounts. Would it look better to credit bureau having one bigger one as opposed to several. thanks

Looking to get into real estate in near future, but I know I need to clean up some my personal finance first. I have about 15 to 17g in school loans, smaller loans, and cards altogether. Currently paying on all of them. Should I just get one big loan and pay them all off? This way I can just make one easy payment and not a bunch of separate payment. Would this help my credit score and look better when I try to go get financed for real estate investment? (I already have a single family that I live in). Any advice or leads for help much appreciated.

Looking for any advice on starting out. Have always wanted to purchase property as investment and additional income. Is there any literature, classes etc that is recommended I pursue. Working on credit and finances to better my situation. Does credit have to be perfect (currently in 600s) or is there are ways to get bank loans. Is it better that I address my personal finances. Any advice is apprecitated.