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30 March 2024 | 5 replies
Interest rates for primary residence are typically about 1 percentage point lower than conforming investor loans so if you can buy a new primary residence and rent you current one out you will save a lot of money on interest payments.3.
30 March 2024 | 24 replies
Loan of $162,000 (SFH) is currently at 6.275.
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30 March 2024 | 9 replies
I'm trying to learn from my mistakes, including being able to read a title, getting all other information (liens, loans, taxes, etc.), fully researching before I buy a property, getting a lawyer to help in future bids, title insurance, and home insurance.talked to a title insurance company they said my my title search is an abstract does that mean there might be vital info missing regards to more money i might have to pay ??
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30 March 2024 | 3 replies
So I bought my first house for $605k at 6.4% with a conventional loan 5% down.
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1 April 2024 | 59 replies
How long will you have to carry the debt before you have enough homes paying lot rent to cover a 400K loan.
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30 March 2024 | 0 replies
I was planning to use the FHA 203K loan for Acquisition with Exit strategy for flip or Rent and Refinance.
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1 April 2024 | 67 replies
An MLS is useful in the US and Canada because property are valued in function of comparables as determined by the MLS and lenders also use these values to determine the LTVs for their mortgage loans.
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31 March 2024 | 29 replies
To make money you have to get a good loan and leverage, appreciation hopefully, HOA can't control and keep it rented.
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30 March 2024 | 7 replies
Even if you are actively operating as an STR the lender will look to tax returns for income, so if it has been less than a year they will still go on LTR income.You need to factor in that your lender is going to underwrite any loan based on LTR income only.