All Forum Posts by: Tara Brandner

These are from a local credit union that will also give me the HELOC.

Primary residence. I should add this is through a credit union and the cheapest option fees wise based on living in rural America. 

I am refinancing my home to get my ex-husbands name off and allow me to obtain HELOC to buy rental properties. Which would you go with? I come from a family that believes in paying less to the bank so pay more per month to pay it off faster but I do not think that is the investment mindset?

15 year fixed

6.54%

$428.02/ month

20 year fixed for 15 years, balloon at year 15 and we can look at doing a modification for the balance and get you a new rate or you can pay off the loan.

6.74%

$372.41/ Month

25 year Fixed for 15 years, balloon at year 15 and we can look at doing a modification for the balance and get you a new rate or you can pay off the loan.

6.94%

$345.23/ Month

30 year fixed for 15 years, balloon at year 15 and we can look at doing a modification for the balance and get you a new rate or you can pay off the loan.

7.14%

$331.41/ Month

I am refinancing my home to get my ex-husbands name off and allow me to obtain HELOC to buy rental properties. Which would you go with? I come from a family that belives in paying less to the bank so pay more per month to pay it off faster but I do not think that is the investment mindset?

15 year fixed

6.54%

$428.02/ month

20 year fixed for 15 years, balloon at year 15 and we can look at doing a modification for the balance and get you a new rate or you can pay off the loan.

6.74%

$372.41/ Month

25 year Fixed for 15 years, balloon at year 15 and we can look at doing a modification for the balance and get you a new rate or you can pay off the loan.

6.94%

$345.23/ Month

30 year fixed for 15 years, balloon at year 15 and we can look at doing a modification for the balance and get you a new rate or you can pay off the loan.

7.14%

$331.41/ Month

I really like this perspective and route instead! Is there a thread or area I can learn more about the different tax options when buying etc? 

We live in a rural town that attracts a lot of groups who fish and hunt. The need has been brought forward that they would like "home cooked meals" and my mother happens to love cooking. The thought was to have it pre-cooked/ frozen/ already prepared to avoid the bed and breakfast route. Has anyone offered this or something similar? If my mother offered this separately, would you advertise it in your rental post? Thank you!