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28 February 2024 | 130 replies
Are there lenders that would let me pay them like a traditional mortgage?
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1 March 2024 | 1 reply
30-year mortgage How did you add value to the deal?
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1 March 2024 | 8 replies
Also don't forgot there is tax on capital gain for over $500,000 when house is sold, andclosing costs typical goes around 5%-6%.So unless home appreciates A LOT, it doesn't seem to make sense to own a property as long as you are paying mortgage with interest, unless one can pay it all back in much shorter term (10 years or less).
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1 March 2024 | 14 replies
From an economic standpoint, inflation is up again which has again lead to another spike in mortgage rates which is good for nobody.
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1 March 2024 | 7 replies
If you're planning to get another traditional mortgage for a new property in the near future, you'll want to consider the impacts your tax return/reported income will have on qualifying.
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1 March 2024 | 4 replies
(Mortgage balance or profit amount don’t matter.).
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29 February 2024 | 7 replies
Delayed financing is a term used under Non/QM and also Private or FDIC Bank Portfolio programs.
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29 February 2024 | 0 replies
I wasn’t able to afford the mortgage during my college days so I built a 650 dollar apartment in the attic and rented out the house to cover the mortgage.
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29 February 2024 | 4 replies
First time poster here and new investor, appreciating any advice in this new and scary world.My project, a conversion of a single family unit to a multi-family unit, is delayed by about 5 months. 2 months of the delay is due to my mortgage company.My original mortgage company transferred the mortgage to a different mortgage company early on, and did not give me the required 15/30 day notice.
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1 March 2024 | 4 replies
So get a service that will make sure that there are enough funds to be transferred to paying for the seller's mortgage.