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18 March 2017 | 14 replies
I'm definitely leaning more towards the VA option, I just want to see if any of you have good reasons for or against either option.Ryan Conventional pricing is around mid 4's to higher 4's while VA pricing in the lower 4.00's but if you price the VA to be on "par," with conventional meaning the VA loan with no VAFF (VA funding fee 2.15 - 3.30%) then you'd have a similar rate to the conventional loan apples to apples pricing wise.The one advantage you had mentioned is that the scenario above wouldnt be apples to apples when it comes to down payment because the VA loan would have 0% down while the conventional loan you could have as low as 3-5% down (with PMI paid monthly or within rate or split premium).Also, you only have VA entitlement (if not already tied up else where) for usually one property or home so by using conventional you can keep an ace in the back pocket or conversely you could do a low down conventional low with no monthly MI and keep the VA in the back pocket for emergencies or future planning (in case you plan to move out to get another primary shortly after 1 year again).VA loan also has a lot of YSP or yield spread premium so you can do no down and no closing cost pretty easily or use the credits towards paying off the VAFF or taxes/interest/insurance etc while the conventional loan does not nearly have as much YSP or lender credit to offer so your ability to strategically plan with your rate is not as readily available as VA.Generally, I'd say VA all the way 90% of the time but there are reasons to keep it available.
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5 April 2017 | 65 replies
At first it will be like watching paint dry – slow and boring, but for every free and clear property it will be like having two or three with mortgages.I grew very fast years ago and I can still remember saying I’d rather have 10 free and clear properties than all of the ones that I owed money on.
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25 March 2017 | 11 replies
Currently, my wife and I are watching lots of youtube videos and signing up for some home repairs classes to get some hands on experience in home remodeling.
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18 March 2017 | 6 replies
its truesometimes we get in that position thinking everyone is out to get usin some cases it is true but for the most part all we have to do is what is legally the best practicelook at apple and google they get sued everyday but because of there legal team most is proved frivolousenjoy
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26 March 2017 | 21 replies
She accompanied me to my first open houses, I had to agree to watch re-runs of The West Wing with her.
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20 March 2017 | 8 replies
I also know in RI if there is an altercation and someone feels threatened they can get a temporary no contact order and one of them has to move so watch out for that one then you will need the eviction...
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22 March 2017 | 8 replies
I would think foreclosures would be worth watching because most retail buyers greatly prefer houses in very nice shape requiring little to no money past the purchase.
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28 March 2017 | 7 replies
I've been reading/listening/watching as much as I can from this community and am excited to find my first deal.
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22 March 2017 | 10 replies
I would also suggest watching the podcasts.
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22 March 2017 | 10 replies
Of course I don't know that the signature he sends them for the second signature is mine, unless I go to his office and watch him fax it, which is how he said he does it when I asked him....