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All Forum Posts by: Mike Barry

Mike Barry has started 20 posts and replied 106 times.

Post: HELOC on Rental Properties

Mike BarryPosted
  • Plainfield, IL
  • Posts 111
  • Votes 17

Try signature federal credit union out of VA

Post: My DTI has hit a wall

Mike BarryPosted
  • Plainfield, IL
  • Posts 111
  • Votes 17

Will paying down or paying off the truck make a difference?

Post: Lender Canceled Funding day of close

Mike BarryPosted
  • Plainfield, IL
  • Posts 111
  • Votes 17

Angel Oak starting back up again slowly with stricter requirements....

I've been looking to apply all week but keep getting the message:

"At this time only agricultural business applications will be accepted due to limitations in funding availability and the unprecedented submission of applications already received"

Is there anyway to still submit an application at this time or must I wait?

Post: HELOC on investment property

Mike BarryPosted
  • Plainfield, IL
  • Posts 111
  • Votes 17

@Peter KuckCheck out Signature Federal Credit Union based out of VA but will lend nationwide at 75% LTV

And Awesome list!!! @Kerry Baird

Floating Vinyl Planks

Post: HELOC Calculation Misunderstanding

Mike BarryPosted
  • Plainfield, IL
  • Posts 111
  • Votes 17

@Alexander Gonzalez Will US Bank lend a HELOC on a rental property?

Post: Amortization Schedule - 30 Year Mortgage

Mike BarryPosted
  • Plainfield, IL
  • Posts 111
  • Votes 17

Has anyone ever done the math to find the break even point on a 30 year fixed mortgage?

There has to be someone who pre plans an exit strategy based on refinancing to cash out or Rate & Term based off lower paid off value.

Assuming traditional conventional loan with 20% Downpayment

Post: HELOC Finance Strategy????

Mike BarryPosted
  • Plainfield, IL
  • Posts 111
  • Votes 17

@John Warren do you have any lender recommendations for a HELOC on rentals in IL?