All Forum Posts by: Ryan Naylor

Ugh, NOO. My oversight. I'm not your lender but I do like these guys in your neck of the woods. Give em a call anyway!

http://tmortgage.net/products.aspx

Cashout can go up to 95% LTV. AND they BOTH have closing costs.

I think it's just a personal call, they are both the option to obtain another property, which is the ultimate goal. 

Some will say, max out your debt all the time and keep going, and some will say get out of debt as fast as you can and keep going.

I say cash flow is king, so whatever gets you there is the right route. 

Just don't spend your equity on a debt. It's smart to HELOC your way out of debt if your interest rate is 20%+. but in your case you have a good rate. Your doing fine.

If it's that "tempting", just put in the contract that your down payment is coming from a refi, which is your financing and due diligence anyway. and just pull the trigger when it's time and keep looking for your deal and keep your credit scores up.

I hope this helps, I'm not really sure how to help you make up your mind with a personal opinion of what is going to help your line of thinking.

You've already got the concept. So, what do you want? Do you want debt with more cash flow? or do want to be debt free sooner?

  True sir. I'm setting my calendar alarm now for 2027 to record all episodes that year.

Hi, so What's the question exactly?

Both loan programs are essentially gonna wind you up with the same end result. 

You want cash? or a debit card? 80% of 300k is 240k <200k loan amount> gives you 40 to work with. 

I wouldn't suggest borrowing money and paying to borrow that money, in closing costs to pay off another debt, especially at 5%. Kind of pointless to me.

I can't wait for this to be on American Greed!

sounds like you got it figured out. Good luck to you.  If you want my help doing your cash out, I'd appreciate the business and love the opportunity to work with you. 

Good luck

Ryan

eh! I was born in '80. I just know what i heard. 18% was not out of the norm, of course house prices were a fraction then to what they are now, but hey! Thanks for chiming in on your philosophical views of societal down winds.

certainly more geared for owner occupied. Just continues the possibility of the house hack affordable and the FHA 30 year mortgage on SFR. But also, the opportunity to cash out any BRRRR strategists out there.

Doesn't change much for the seasoned investor, but makes a world difference to newbies wanting to started with FHA loans.

 TRADITONAL. in the 80's "traditional" was 20%, 90's was your 6-8%, and here we are at 4% holding steady,.

Worth mentioning that now is still a great time to cash-out and milk it for what you can...