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Hello All,I was looking for a loan on two cashflowing duplexes, ideally 30 year fixed. Lower down payment, and lower interest rate would be best.The best option I was given was actually a 10/1 Arm.Here are the terms:-...
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Hello,I am looking for ideas, I am selling my rental. We are under contract, but with the prospect of a market shift, buyers is asking for a reduction.I don't want to break the deal, but also don't want to lower the p...
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Need some input on whether or not to try this. I have a SFR in a class C- neighborhood. The property is one of our least desirable. It has been available for rent for about 2 1/2 weeks with very little interest. My ot...
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How do you compare one mortgage to another?
-Assume both mortgages are 15-year, conventional, fixed rate mortgages.
-Assume both mortgages will not be paid off early.
In this case, isn't APR the only thing that m...
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Hi, My tenent's lease is coming to an end in June. She has been on a year to year and has been an excellent tenent (pays on time, takes excellent care of home). She now works part-time (semi-retired) and asked if we w...
Is there any lender can do Morgage with 10% Down for Owner-occupied Triplex in CA? Purchase Price about 650k. The property’s condition is just Ok. I am not sure it can meet FHA requirements. Please let me know if ther...
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This is the deck on the house I am rehabbing. It used to connect to a pool at the bottom. Pools gone....deck is accessed from the kitchen and the master bedroom. It opens out onto a very nice, well landscaped back...
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I've just gotten a verbal agreement from a buyer on a house that I am selling with owner financing (wrap mtg).
We settled the deal based on amount of down payment and monthly payment, but did not settle on the actual...
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Got a deal the sellers initial price is 76.5k the ARV on the home is about 220k-230k is it a need to make a lower offer in this situation? I understand a lower offer means more profit for myself but I’m up and coming ...