New Bank Loan Traditional Subject To Take Over Existing Loan - has already been paid down some Purchase Price $400,000 $332,196 (Take over existing loan) Down 20% $80,000 $10,000 To Seller Loan Amt $320,000 $332,196 (Take over loan) New Loan Payment Rate 7.75% $2,293 $1,465 Take Over Payment Rate 3% Difference $828 Your Savings per month Other $0 $0 other Loan Origination Fees 2% $6,400 $6,400 Your Savings On Loan Fees Closing Costs $3,500 $3,500 Closing Costs Cost for length of Loan $825,307 $490,512 Your Cost for length of Loan $334,795 Your Savings over Life of the Loan Using Bank Cost to acquire $89,900 $13,500 Using Us Cost to acquire $76,400 Your Savings Just By Buying Using Subject To Total Savings $411,195 Your Savings Total w/Subject To

Closed sales were also up about 4.3%.Overall, the Austin real estate market looks relatively stable with and poised to exhibit its typical seasonal behavior as we head into the traditional spring/summer selling season, where more buyers enter the market and more owners aim to list their properties.Here are the full stats for Austin and the greater metro:Sales prices peaked in Austin around May 2022 as sharply increasing mortgage rates cooled buyer demand.

I would ask someone other than this manger why would an existing approved permit that did not need a variance now require a variance approval process? 

My wife needed funds for her business and I extended 2 independent loans by refinancing our home mortgage.

However, the seller has a large mortgage with 3% rate.For example, a house is listed at 500k, with a 380k mortgage of 3%.

Could whoever cosigned the lease cosign the mortgage?

Can you qualify for a mortgage with income, assets, credit, and a property that can be financed?

I've been involuntarily following this thread as I replied to James Carlson's comments about Mexico so I'm adding my two cents to the conversation when it comes to other areas.Rental real estate investing in the US normally seems to be a long-term proposition, especially if you take the risk of a 30-year mortgage.

@Gustavo Tellez My first solo investment property was a SFH but before I got it renovated I had bought a duplex and ended up getting the duplex renovated first because I needed a place to live and was trying to move an existing tenant from one property into the other side of the duplex.

I would love to see the numbers: mortgage, insurance, taxes, rent.