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13 February 2025 | 7 replies
Too large to be a normal convention loan, but not big enough to be tasty for an investor that wants some size.
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23 February 2025 | 6 replies
Even at $110k I think you are pushing it as if you were to get a loan for $150k say your holding costs for that loan and closing costs could be $20k+, then you have selling costs of say 8% which is another $16k.
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22 February 2025 | 10 replies
While you are at it, put the next person on MTM to create some equity in the contract when you have problem in the future.
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7 February 2025 | 0 replies
Higher interest rates on conventional loans may result, as the government backing currently helps keep rates low.
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17 February 2025 | 7 replies
Quote from @Jaycee Greene: I completely understand and I'm sure my fingers are a lot fatter than mine ;-) If you only borrowed $155k, I assume you did a conventional bank or credit union DSCR loan, is that right?
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19 January 2025 | 10 replies
@Carl RowlesI recommend a HELOC or Heloan on your primary residence or the rental if you have enough equity in either.
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23 January 2025 | 10 replies
Meeting a 20% down payment to avoid PMI seems manageable, although would take a big chunk of my liquid net worth, and I prefer this route over using an FHA loan.
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21 February 2025 | 12 replies
WelcomeWhat is your equity position in your current house?
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18 February 2025 | 1 reply
Debt Protection: If you have mortgages or private loans, a life insurance policy can protect your family or business partners by covering outstanding debts in the event of an unexpected passing.4.
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22 February 2025 | 13 replies
Financing Strategies – I’d like to put 15%–20% down—what’s the best way to secure a loan with manageable terms?