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24 January 2020 | 1 reply
Also how high is the interest rate compared to conventional home loan?
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27 January 2020 | 20 replies
Are you saying to simply get a conventional loan... and do what with it?
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30 January 2020 | 6 replies
My RE goal right now is to have 10 doors by 2030; acquiring approximately 1 door per year with CF of at least $100 in a BRRRR setting and between $200-$300 in conventional purchase.
24 January 2020 | 1 reply
I've always thought that I can use the VA loan and also use a different type of loan such as conventional for my rental properties that I'm not going to be living in because I already used a VA loan for my current primary property that I'm house hacking but I want more.
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12 February 2020 | 14 replies
In contrast, if you buy a condo you'll have just 1 unit and your cash-on-cash return will almost certainly be lower.If you do go with a FHA, you are going to want to refinance to a conventional mortgage at some point (as soon as you can) to get rid if the PMI and improve your monthly cash flow.
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4 February 2020 | 11 replies
It appears as if the down payment for a conventional, 30 yr loan, has to come from personal finances (Money in the bank with proof of earning).
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24 January 2020 | 5 replies
Effective Interest Rate: 5.375%Loan Type: Conventional Next Change: 6/1/20Payment Interest Rate Change: 12 MonthsInterest Rate Change: 12 Months 1 year usts monthly average Index Rate: 2.55%Margin: 2.75%Rounding Factor: .125%This is a huge increase in my monthly mortgage payments.
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27 January 2020 | 2 replies
As I understand it, for a house hack you usually as low a down payment as possible, which I *think* is in the 5% range on a conventional since this is not your first time buying a house.
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27 January 2020 | 8 replies
These loans do not carry the same terms as a conventional loan.
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26 January 2020 | 3 replies
I'm guessing this is a conventional buy, so make sure you have and use your inspection contingency to check for it being an approved triplex, and make sure you have your financing contingency in case the appraisal comes in low.