All Forum Posts by: Ron Singh

@Eric Johnson

looks like a dip today, was offered at 3.37 % 30 fixed conventional, not sure worth (as compare to 3.75% currently )it or wait ?

conventional mortgage(530k left in principal) refinancing on primary residence, currently at 3.75%, offerd at 3.37%, 2500 closing cost will be added in mortgage, so after recouping in 11 months I can get discount of $226/pm.

worth it or wait a while for better rates ?

@Kenneth Garrett Thanks for sharing, and good to know you are managing yourself, even I want to manage myself.

what do you use to screen the tenet ? background /credit history / rental history etc.

considering time is money, and as an investor you want to focus on building assets, buying properties, fixing /updating and renting them. what option do you choose to deal with tennts , ( I.e. following up on rent, sending notice if needed etc. )

I agree best is if you can self manage , but curious to hear if its not something you enjoy, would you rely on management company ? I heard they just take their cut and do nothing. let's share your experience and what worked best for you.

@Heather Wilkerson Thanks, could you suggest any lender I can contact for lowest possible intrest, feel free to dm, if you prefer.

also, on refinance primary residence what to expect around 3.25 or something ?

online resources shows all variety with huge range, so is there any reliable source where I can check most updated rates as of current day ?

With federal cutting the rates to zero, what to expect on high balance mortgages (loan amount above 500k since its pretty common in bay area).

what interest rate to expect to refinance and new home mortgages ?

(consider credit score above 820)

@Jaysen Medhurst

Thanks, intrested to hear more on why renting the primary residence would be bad idea ? I like to buy cheap ,flip/upgrade slowly while living and staying as a primary residence for 2 yrs, then rent and move to next, repeat.

@Jaysen Medhurst good to know, how about getting new loan on next property now and then refinance current home later in about a month (after renting) as an investment property ?

would that be okay ? and that would be two hard inquiries on credit right ? how can I prevent it, as they stay on credit history for 2 yrs.

Question for mortgage experts on refinancing and new mortgage at same time (or in during short span if time)

Goal:get cheaper mortgage rate on current primary residence and next primary residence

currently my primary residence is 3.75 on 30 fixed, 540k left on principal

I am planning to move to next property soon, so how to manage the refinancing on current and on new mortgage on next home, so I can get primary residence rate on both and also prevent getting dinged twice on credit score.

suggestions ?

@Tyler Caglia congrats

curious to hear : while out of state how you handled the -

a. property search /research /due delignce etc

b. rehab / dealing with contractors / assigning work

c. rental management / find the right tanent

I feel all above works are time consuming and sometimes have to involve and present physically , but may be you can share some tips.