Since I have been paying extra on the principal amount aggressively and the house value has increased quite a lot, my LTV ratio will be less than 80% with a new appraisal.

3 bed 2 bath 1200 sqft single family Principal Loan: 94k + 15k arrears/taxed&fees = 109kARV: 120k My question is would this be worth a 15k down payment to stop the foreclosure, and use owner financing to possibly rent or sell?

The deceptive part is the principal portion you are also receiving.

However with principal paydown, saving for more units each year, I will reach my goals in time.

From October to December of 2017, they brought in more than $52 million in investor money before filing for Chapter 11 bankruptcy in December 2017.Prosecutors said filing for bankruptcy caused investors to suffer substantial losses on their $1 billion in principal.

For home purchases, in order to obtain a VA loan, you must certify that you intend to occupy the home as your principal residence.

I am looking to take out a HELOC on my principal residence but would then like to turn this residence into a rental property as well.

Property and Loan Details 3 FamilyLocation: New Britain, CTPurchase: $123,000Rehab budget: $55,300Down payment: $18,450 (15%)Loan principal amount: $104,550Total Loan (principal plus rehab): $159,850Appraised as-is value: $125,000 (pre-rehab)Appraised ARV: $255,000Loan Terms: 9.99% for 12 monthsInterest only payments each monthPoints: 3.5FinancingThe hard money lender had a few programs.

Monthly principal and interest payment even at 6% would be $1521.24 (plus taxes, etc.).

Subject to Info: Mortgage principal owed: $58,000 Principal and interest per month: $310