4 March 2020 | 0 replies
Purchase price: $132,500 Cash invested: $25,000 I just bought a new primary residence and because I am always talking, buying, and working in real estate I sold my old primary by word of mouth!
5 March 2020 | 6 replies
Most STNL lenders will not finance anything with less than 7 years remaining primary term for the best rates.
6 March 2020 | 6 replies
I just got a quote for 3.0% on my primary.
4 March 2020 | 0 replies
Property can be refi as a primary residence.
5 March 2020 | 10 replies
Hello - I am a newbie here..i am trying to refinance my primary home and the lender offered to cash out and payoff my rental property.
10 March 2020 | 3 replies
If getting a license is your primary goal then get that done and get some income coming in from retail deals.
4 March 2020 | 0 replies
Hello,I own a primary residence for about 10 years and have a good amount of equity.
6 March 2020 | 9 replies
We've talked to a bank, two mortgage lenders, and a credit union about refinancing and each of them have told us they require us to have in savings a reserve of 6 months of the mortgage payment, plus 2 months of payments for our primary residence (amounting to a little over $12k for our situation).
5 March 2020 | 2 replies
Can purchasing a rental property, cash deal, effect my ability to purchase a primary property.The cash purchase has no impact on my seasoned funds or my down payment because I’m utilizing my VA certificate to purchase my primary property.
5 March 2020 | 6 replies
I have researched the debate between 15 year vs 30 year mortgage but still have some questions: Pro for 30 year:Almost break even for cash flow, PITI is about $50 north of current monthly rent; I will use the condo as primary residence but will consider renting it out in the futurePros for 15 year:interest rate is 0.5% lower than 30 year rate, but there will be extra $500 cash outflow due to shorter payment timeframeI did come across an article arguing that with 15 year loan you could build your equity faster, and you can use the equity in one property to buy another.My situation: This condo will be my 1st property, and I am planning to buy an investment property within 6 months in Midwest or New Braunfels, TX based on current research.