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19 December 2024 | 13 replies
I’ve used seller financing as both a buyer and a seller and it can make a lot of sense in certain circumstances (for example I used it as a buyer when I reached the maximum number of conventional loans I could get, and I’ve used it as a seller to both increase my net proceeds (due to collecting interest as “the bank” in addition to the sales proceeds) and to lessen my capital gains tax hit by spreading it out over a few years).
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15 December 2024 | 7 replies
If its a rental you could get a DSCR loan which is different than a conventional loan.
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19 December 2024 | 22 replies
Yes we were successful winning bidding wars 3 months ago using the family postcard technique;) Basically, we added a cute picture of our family along with our offers (which were based on conventional financing) and our “humanity” made us win over the cash offers.
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18 December 2024 | 4 replies
They can be sold to owner occupants that get a conventional, fha or Va loan.
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14 December 2024 | 6 replies
Sometimes the smoothest way to acquire your 2nd house hack, the conventional route could be the best.
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19 December 2024 | 6 replies
Lastly, know that any conventional loan likely has a 'due on sale' clause, where if you change the title of the property, they can call your note due.
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18 December 2024 | 9 replies
Then in 6 months refinance into a conventional loan and you can exit the property legally.
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18 December 2024 | 2 replies
Here's the latest market report (based on single family homes):🏡 Mortgage Rates:30-year conventional rate today is 6.72%30-year VA rate today is 6.15%——————————————————————————————————💰 Median Sales Price:Sept: $490,000Oct: $485,000Nov: $484,995——————————————————————————————————📈 New Listings:Sept: 1,910Oct: 1,959Nov: 1,481——————————————————————————————————📅 Median Days on Market Until Sale:Sept: 20Oct: 22Nov: 24——————————————————————————————————📦 Months Supply of Inventory:Sept: 3.3Oct: 3.3Nov: 3.0🤔 What does "Months Supply of Inventory" mean?
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17 December 2024 | 12 replies
If you're new go the conventional route.
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17 December 2024 | 11 replies
You can also take advantage of lower down payment loan products rather than going 20-25% down on a conventional investment loan.