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16 May 2024 | 3 replies
Will a DSCR lender give me a home equity loan from my (1st SFH) rental property, so that I can cover the down payment + closing costs to assume the 2.75% interest rate on a (3rd SFH) property I would move into immediately?
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16 May 2024 | 4 replies
- My Lender suggests I live in the home for a year or so to benefit from the lower interest.
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15 May 2024 | 21 replies
But with the financed deal the renter pays the mortgage down allowing you to tap a percentage of the equity as a tax free loan.
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16 May 2024 | 8 replies
Instead, I would have assumed a mortgage for a fairly new home(5 years or less) at a lower interest rate at 2.75% to 4% and used my loan as the down payment to cover the equity that seller was trying to recoup.
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13 May 2024 | 4 replies
Hi masters,I have a question about the county mortgage tax when purchasing a property.I'm quoting a mortgage from 3 lenders for a small multi-family in Bushwick/Ridgewood area (Brooklyn NY), and one of them estimated the county mortgage tax in their quote when the other 2 didn't.If anyone has some knowledges to share with this, I would appreciate it.
14 May 2024 | 6 replies
I am paying mortgage for all the rentals from business accounts.
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16 May 2024 | 28 replies
West End...boy, one of the most wretched of neighborhoods, IN THE COUNTRY during it's hay day for mortgage fraud.
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17 May 2024 | 11 replies
The real numbers are more complicated because while we count mortgage payments, the reality is some of that is for interest and the rest is against the principal, so really some is going to you in the long run, but is currently tied up as an expense.
14 May 2024 | 5 replies
Hi, do you have a mortgage for this property or bought it by cash?
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16 May 2024 | 4 replies
Lenders do have requirements that must be met when dealing with money that is coming from parents.