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12 February 2025 | 15 replies
Also, the rate the fed is always adjusting isn't the mortgage rate only something that influences it.
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21 February 2025 | 12 replies
It is better to go through a credit union than a mortgage lender for a HELOC.
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11 February 2025 | 15 replies
Keeping your current townhouse rented enables tenants to continue paying down the mortgage while you scale.2.
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14 January 2025 | 15 replies
This is a self directed RRSP or TFSA account that allows you to lend your money out to people with the backing of their mortgage for a high interest rate. 1st, 2nd, 3rd mortgages, down payments, refinances, flipping or renovation money.
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23 February 2025 | 3 replies
Fed rates don't equal mortgage rates, but there is probably some mild correlation.
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17 February 2025 | 7 replies
I think this is a calculation a lot of homeowners are making right now--especially if they have a low interest mortgage, equity, and their house will cashflow as a rental.The choice is a personal one of course, but I think your future self will thank you if you pull out some equity from your existing home with a HELOC for the downpayment on the next house and a cushion renting your current home, use a property manager as you have other things to do, and buy the next house and do the same thing again.
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22 February 2025 | 0 replies
- I should not be signing anything regarding title or mortgage documents if I use a land trust.
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17 February 2025 | 6 replies
Based on what my real estate agent thinks that this quote will be, roughly, and the after repair value, it looks like I could buy this property in cash, spend a month or two fixing the damage, and then put a mortgage for roughly 1.6x what I paid for it and thus have a cash flowing property at a few hundred dollars per month and a little more money in my bank account ready for a down payment on the next deal.
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22 February 2025 | 0 replies
I would like to keep it as there are two doors on the property and it would cash flow nicely with my insanely low mortgage/interest.However, I’m leery of managing while living internationally.
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19 February 2025 | 7 replies
There is an offer to buy but if I include everything I've spent over the years, mortgage P&I, taxes, insurance, HOA, and recent repairs, I will just break even.