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16 January 2025 | 20 replies
To me, having one mortgage payment for 2 - 4 houses (basically) always seemed interesting and like something that would give me more bang for my buck.
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13 January 2025 | 19 replies
I will give you my numbers since we are 3 years into Velocity Banking.Home was purchased at $410k.Interest rate: 3.125%30 year termMortgage payment is around $1950 (includes insurance and property tax)HELOC: 8.25% Variable rate - current rateCredit Limit: $97kLet's say I made $10k a month and our expenses were $6k each month including the mortgage.
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15 January 2025 | 6 replies
Most lenders I work with would lend you 70%-75% of the value of the property, but only so much that your NOI/profit is 20%-25% of the monthly loan payment.
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7 February 2025 | 41 replies
Like the previous poster mentioned, you would be buying into a payment.
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16 January 2025 | 1 reply
Payments $492 (interest, tax, insurance) currently owe $51K.
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21 January 2025 | 8 replies
Also go through a servicing company for payments to the seller, escrow can probably help you out with a recommendation for that.
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14 January 2025 | 19 replies
I forget; it was payment processing related) that required me to have a website for the business.
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21 January 2025 | 14 replies
Your payment requirement would rule you out for us.
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18 January 2025 | 1 reply
Here’s a chart showing what percentage of an American’s average mortgage payment goes to taxes and insurance:Rising taxes and insurance premiums make real estate even less affordable for buyers already facing higher home prices and mortgage rates that rose ~150% in less than two years.