
19 December 2024 | 2 replies
You'll then see that delinquency rates are:- At their lowest point since 2006- Historically on the low side of normal - On an overall downward trend for the past 4 yearsIn fact, excluding the artificially propped-up mortgage market of 2004-2006 during which delinquency rates were slightly lower than they are today, bottoming out at 1.41% in 2005, there are fewer mortgage delinquencies today than at any time in the past 33 years.By the way, when these scant 1.73% of homeowners become delinquent on their mortgages, they overwhelmingly have the equity to be able to sell the home at a gain if needed.

19 December 2024 | 7 replies
Make sure you are sold on the particular project to get a level of comfort.Past projects might have been A to B areas where upside was greater and risk was lower.

18 December 2024 | 9 replies
Basically, you're saying your intent is not to move in, but with owner-occupant loans for lower downpayments, you will sign a statement certifying your intent is to occupy the property.

17 December 2024 | 9 replies
I am assuming I should only apply for one loan approval since pulling my credit score/history will lower my credit number.

19 December 2024 | 15 replies
Highlights:* no prepay on 12 mo bridge* 6 months guaranteed interest on a 24 month bridgeThese are interest only loans and the DSCR calculation isn’t a factor in the lending decision.Compare the cost of your lower interest rate DSCR loan, including PPP versus what the bridge would cost at a higher interest rate and no or minimal PPP.PPP=pre payment penalty :)

18 December 2024 | 13 replies
It's not a real common concept here in DFW area, but I love it.Buyers have no downtime, no rent rate risk, lower vacancy risk, potentially instant cash flow day 1.

17 December 2024 | 20 replies
The paid off property is an attractive and way lower risk / less work investment from my seat.

18 December 2024 | 0 replies
All else being equal, lower mortgage rates reduce the cost of ownership and, thereby, allow more people to afford to buy.

23 December 2024 | 21 replies
Sorry to hear that you are dealing with an eviction, though with the high cost of living here and relatively lower wages, I suspect it is not uncommon.

16 December 2024 | 12 replies
If door knob break (giving a simple example), Doorvest will charge me the price of door knob + contractor fees (Doorvest will not collect additional fees for themselves).