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15 January 2025 | 15 replies
I was hasty due to the higher mortgage rates, and it turned out to be a huge mistake.
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4 January 2025 | 5 replies
I purchased the home with a conventional mortgage and used the grant to help with downpayment and closing costs.
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13 January 2025 | 13 replies
Can your property afford a mortgage of $270k?
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4 February 2025 | 38 replies
Hi,As someone that moved from CT to SC, I will tell you property taxes here are very low, you would feel the same coming from NY. the 4% for primary and 6% for a rental, at least in Charleston County where I live, is not 50% more it is really x3 more , but still low compared to NY, so while others from SC may see it as high, you may feel it is a bargain.Not only that, being a landlord here is much easier, you actually have rights on your property, which is not really the case in NY/CT.I read your mortgage rates are in the 4's, expect to pay in the 8's right now, so unless your plan to pay cash, which, I personally am not sure I would do for an investment, many reasons for that, it is going to be very difficult to make money. if you are looking for appreciation rather than income, it may make sense.Hope this viewpoint from someone that moved a few years ago from similar place is helpful.
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12 January 2025 | 10 replies
depends on your credit if you can get a mortgage or your ability to find good deals that you use hard money for and then refinance into DSRC.
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16 January 2025 | 10 replies
This year is slower than normal because mortgage rates and home prices are so high.
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6 January 2025 | 5 replies
His name is Dalton Godson with Nexa Mortgage and we're using a UWM product.If you’ve found a lender willing to work with smaller loan amounts, what were their requirements and rates like?
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7 January 2025 | 2 replies
There are mortgage recast calculators online or you can reach out to your lender.P+I payment will go from 2155 to ~1800 given the numbers you provided.
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16 January 2025 | 12 replies
So your capital gain when you sell this property will be calculate against your tax basis and not against your mortgage as many investors expect.
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8 January 2025 | 6 replies
Would’ve paid for my mortgage easily, and I’m gone anyways!