fairway independence mortgage company, i like these folks a lot. they’re in cincinnati.  

🏠📈 Real Estate Update 📉🏠Here's the latest market report from February 2024 (single family homes) 📊:🏡 Mortgage Rates:30-year conventional rate today is 6.97%30-year VA rate today is 6.55% 💵 Median Sales Price: $460,000📈 New Listings: 1,616📅 Median Days on Market Until Sale: 21📦 Months Supply of Inventory: 1.9🏎️ Formula 1 race weekend tickets for November 21-23 will be available starting March 25 at 10 a.m.

Heloc rates are terrible right now even if you have a low first mortgage the blended rate is usually higher than a simple refinance. 

(CNBC).Today’s Interest Rate: 6.97%(👇 .19% from this time last week, 30-yr mortgage)Well, I’m sick as a dog, which is a dumb saying since my dog never gets sick.

@Orhi TahiMost homeowners have equity in their property If your home is worth $400k and you owe $200k and have a 4% mortgage - your mortgage is cheaper than rent - so why would a borrower let a bank foreclose when they can just file bankruptcy, keep the house and restructure the debt

Unless every applicant can qualify for the full mortgage it sounds like a really bad/risky plan for the lender.

I would recommend either a HELOC as well so you don't have to refinance into a higher rate mortgage OR a refi bridge if they are free & clear and you are OK with a higher rate to get max LTV on these SFR's.

I'm also looking for great meetups (online or in person in the Northwest) that focus on nationwide investing trends and values as well as developing relationships with folks I can partner with. 

If you sell outright and take back a promissory note and mortgage, they get the deed immediately and you have zero ownership.

The condo had an electrical fire about a year ago and the owner has been making mortgage payments and rent at their new place during that time.