David Dachtera
Synopsis: Credit Industry Changes Workshop
This is a brief synopsis of today's Credit Industry Changes Workshop ...The changes in the credit industry discussed at the workshop today went into effect on June 1st - my mistake: I thought they were coming on July ...
Ibrahim Yamini
What’s the Better Loan?
I’ve been trying to get a HELOC but nowadays they are few and far between so as of now I’m settling for a cash out refinance.I currently pay $1487 a month for everything regarding my primary residence. My current int...
Monique Burns
new investor need help with credit scores
any advice will help...my hurdle is need 620 credit score....have 610....dontknow what else to do to get points up...opened a credit acct....frustrated....just refi'd on primary house FHA....so now conventional requir...
Ryan Stirling
Installment debt affecting debt/credit ratio
I have student loans that I am paying. I just pulled my credit report and they are greatly affecting my overall debt/available ratio. What happens if I pay off one of the loans, do I lose that debt + what is available...
Jesse Soriano
Will bank give you two mortgages at the same time?
I don’t have any investment properties yet. I have over 100k saved up in my 401k and I can borrow 50k. I was planning on buying a duplex cash. But I decided that its better idea to just use finance and buy two duplexe...
Erik Sherburne
Investment property mortgage rates up - Fannie Mae changes
Anyone else see this?http://www.mortgagenewsdaily.com/channels/community/969950.aspxIt was sent to me by my broker.Short version, Fannie Mae is reducing their 2nd home/rental property portfolio to 7% of the overall lo...
Vik Ari
Making extra mortgage principal
How does making an extra say $1000 towards mortgage principal affect the mortgage? For example if I pay an extra $1000 on the 15th, would that reduce the amount of interest I pay next month since my mortgage balance i...
Stone Jin
Which to pay first?
Here is the situation,My wife and I are at a point where we cannot buy/manage any additional properties. We are starting to look into paying off mortgages. The question is should we payoff the ones with the highest ...
Austin Suddreth
401k loan for investments
Hello all, I’m looking into purchasing a rental property, more than likely using a BRRRR type strategy where I refinance after repairs are done. However, I was wondering if anyone has experience utilizing a 401k Loan...
Rich Hupper
paying down a 30 yr fixed mortgage
Hello I know that these loans have predetermined payment schedules for every month of the 30 yr note. My question is what if I make a large principle payment? Will the large principle payment allow my next regular pay...