11 September 2024 | 9 replies
•I’m considering refinancing, though my current rate is 2.75% on a 15-year mortgage, which is still better than what’s available today.
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11 September 2024 | 3 replies
How it works: The lender gets their principal plus a lump-sum return after the property is sold or refinanced.
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11 September 2024 | 2 replies
This combined with the fact it is a rapidly appreciating neighborhood and cash out refinancing in a year or two.
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10 September 2024 | 18 replies
The higher the mortgage balance (could be anywhere from $200-$300k+) you could consider taking slightly higher rates for the shorter PPP as refinancing in the future could make more sense than paying down points now with longer PPPs.
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10 September 2024 | 7 replies
In terms of taxes, I would look at refinancing down the road and getting a PITI mortgage.
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10 September 2024 | 3 replies
Having clear guidelines in your lease about pool maintenance responsibilities is also key.On another note, if you’re thinking about refinancing to switch up your financing strategy for the rental, I’d be happy to connect.
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9 September 2024 | 11 replies
@Maria Rina BoidonTo invest in multifamily properties, leverage your equity through cash-out refinancing, Home Equity Line of Credit (HELOC), or selling the property.
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10 September 2024 | 7 replies
I've never heard of someone refinancing to an owner-occupied loan, especially since how could you occupy if you are marketing it and trying to show the home?
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12 September 2024 | 54 replies
I personally know folks that have lived in their homes for 20-25 years but have constantly refinanced (and used that money for other things), so they don't have much equity.
10 September 2024 | 7 replies
Did purchase or refinanced this property during the ultra low interest climate a few years ago?