However, mortgage rates remaining around 7% continue to pose affordability challenges for many.

Firstly, you can save costs by paying your VAs directly.

@Robert BriggsSince a cash-out refi and HELOC aren’t viable options in Texas, and personal loans have high interest rates, consider a few alternatives.

Mortgage Balance: $430,000 Monthly Mortgage Payment: $3,100 Current Rent: $4,100/month (below market rate, planning to gradually adjust it during yearly renewal to eventually catch up to the market rate) Appraised Value: $900,000 (purchased for $657,000 8 yrs ago) Managed by a property manager Loan assumableProperty B: Located in VA.

If it's currently an STR they should be able to provide you with the p/l statement from prior years so you can see gross rents, operating expenses, average daily rates and occupancy levels.

This slows down your acquisition of new property, but isn't as stressful when interest rates go up or if you have vacancy.

Hopefully the first of many

Would really like to go conventional as a DSCR with no PPP has a much higher interest rate.

He’s a good friend and willing to support my home build project for a flat interest rate.

First of all, only people with poor credit have 8.75% interest mortgages, when the current rate would be4% for owner occupied SFH.