Looking to get owner to hold financing on down payment and take mortgage out on balance. How does that work with the bank? Don't they want to see proof of funds to cover the 20% down payment for an investment propert...

My two cents on the pros and cons are:Advantages:Probably the primary benefit of prepaying a mortgage is personal peace of mind. In addition, borrowers pay less total interest overall when paying off their mortgage ea...

Hi there...

I am purchasing a home on contract and the terms are as follows. 3.5 percent interest rate, balloon in four years with a principal amount of 27,000. So my PI payment is only 130.00 per month. The seller w...

We've got several properties now and will have a lot more by the end of the year. Does the IRS care about individual property reporting or can you just combine when filing taxes? Accounting and tax filing is time co...

Hey guys i need your help, my partners and I are planning on house hacking our first property. We are planning on using a 203 k loan, our lender told us we need about $50k , not including reserves ? I live in NY and w...

Can you do a sub2 with a short sale?

Pen Fed vs US Bank HELOC

Shopping for HELOC’s I feel I have narrowed my focus from many, to a couple of options.

With so many variables, I would love some feedback from people who have a HELOC.

Pen Fed currentl...

"Terms: 20 yr at 5% interest only with balloon at 7 yrs" Does this means that the loan itself is for 7 years & should be paid off within this time frame? Monthly interest only payment amount will be based on if it...

Thought I would try to kickstart this forum with a success story. A mortgage broker brought us a loan request last month for a refinance of two auto collision properties in which the existing mortgage balance was mor...

Hey everyone,I'm looking at a lot in a desirable location. The owner is open to seller financing. If I go this route can I build and sell then pay off the remaining balance?