Chris Hamrick
Financing A Property With No Running Water
14 September 2021 | 8 replies
and this house won't need near $35k so I hopefully would be in the clear there as well as long as it appraises.
Joan S.
Should I sell, cash-out refinance & rent or just leave as is?
2 December 2021 | 8 replies
The cash back is pending on what my house appraises at, which could be $190K to $210K.Summary:All 30 year fixedOffer 1:Offer 2:Offer 3:Interest Rate4.254.3754.875Total Closing Cost$103,734$108,913.33$106,790Base Loan Amount$150,000$150,000$157,500Cash To Borrower$46,266$41,870$50,710New Monthly Payment$1,275$1,285$1,327LTV75%75%75%Estimated Home Value$200,000$200,000$210,000Offer 1:Rate: 4.250%Loan Cost/Closing Fees: $8,816.24Loan Cost: $8,775Initial Escrow Payment at Closing (Taxes & Prepaids): $3,273.15Loan Amount: $150,000Discount Point: $2,917.50Cash-back: $46,265.76 (home estimated at 200k)New Monthly: $1,274.58.16 ($833.50 for Principal and $494 for taxes & insurance)Offer 2:Rate: 4.375%Loan Cost/Closing Fees: $13,995.33Loan Amount: $150,000Discount Point: $2,062.50Cash-back: $41,879.02 (home estimated at 200k)New Monthly: $1,285.88 ($748.93 for Principal and $536.95 for taxes & insurance)Offer 3:Rate: 4.875%Loan Cost/Closing Fees: $11,872.00Loan Cost: $9,000.88Initial Escrow Payment at Closing (Taxes & Prepaids): $3,248Loan Amount: $157,500Origination fee/2.125% of Loan Amount (Points): $3,346.88Cash-back: $50,709.90 (home estimated at 210k)New Monthly: $1,327.16 ($833.50 for Principal and $494 for taxes & insurance)Other:I'm leaning towards option 1 because of the better rate, lower closing cost and lower monthly.
Christopher Garcia
MY FIRST BRRRR STRATEGY
14 September 2021 | 2 replies
Very excited to see how much the house will appraise for.
David E Fitzgerald IV
One of my single family homes in Casa Grande AZ
14 September 2021 | 2 replies
Underpriced for the time in my opinion as an appraiser.
Christopher Garcia
My First BRRRR strategy
13 September 2021 | 0 replies
Very excited to see how much the house will appraise for.
Christopher Garcia
My First BRRRR strategy (BUY,REHAB,RENT,REFINANCE, REPEAT)
14 September 2021 | 1 reply
Very excited to see how much the house will appraise for.
Katrina Dividina
Tips for 1st timer purchasing a 4-plex
1 October 2021 | 9 replies
We had Inspections and appraisal is scheduled next week .
Sean Dawson
Delayed Financing Using The BRRRR Method
21 September 2021 | 4 replies
Or are you still able to get it re-appraised after the rehab is done and get the LTV ratio that you want with a BRRRR property after it is appraised?
Ariel K.
Refinancing my Rental
14 September 2021 | 4 replies
I went to another bank who ordered an appraisal from THE SAME APPRAISER.
Peter Kim
3 easy refinance questions I can't find anywhere
14 September 2021 | 3 replies
When you decide to refinance, is it the appraiser that determines how much the home is worth?