You could bring less down and possibly have a lower interest rate since you will be living there.

As of this morning, WSJ Prime is 7.75%, so I would expect the rate to be over 8% at the very least.

What is the interest rate on the mortgage? 

Hello All, I have a client asking if they could buy a portfolio of 5 properties (at a "packaged deal" rate) and sell off two of them to recoup some of the initial down money needed to buy them. 

I need help analyzing this property.Address:2542 Glenn Terrace, Mount Penn, PA 19606Asking Price: $209,000Taxes: $5087 (they are really high in my county)Renovations: $10K-$15KMortgage: ConventionalCredit Rating: 712 median1.

This could be your last opportunity to join at this special rate—don’t miss out and kick off 2025 the right way!

Seller finance the property- ask for an up front, non-refundable down payment of $XXX (which could be used as his primary residence down payment), payments of $X over X years at X interest rate with a balloon payment in X years2.

Like our other class B shares (we also invested in Praxis), they stopped paying out pretty quick when the interest rates when up.

Now, not to mention the interest rate on margin is always a lot more than a mortgage rate.

We refinanced and cashed out all our renovation budget plus $5,000 and actually kept monthly payment the same as rates had dropped.