Moving in different area.
Purchasing a home for $92,000 with an existing FHA 15 yr fixed at 3.5%, 11.5 yrs left on the note. The balance is about $77,500. The loan is with Bank of America. I called them today about assuming the loan. They ...
Good Afternoon Everyone:
I am looking to buy a property subject to existing financing (Subject To) in the Seminole county or Orange County area. I was wondering is there anybody in the greater Orlando area that has e...
I have found a SFR going to be offered at a sheriff sale for the delinquent HOA fees ($5488). There is also an existing mortgage with a balance of approx $250K.I don't understand how this works. If am the high bidder ...
Hi Everyone,
I'm looking for some insights into two alternative home financing options: Assuming Fixed Rate Loans and Rent-to-Own.
Assuming Fixed Rate Loans:Does anyone have experience with assuming fixed-rate loans...
Can anyone advise how does the process typically work if you want to pull equity out of an existing rental property to use for down payment and closing cost on a new property? Do we have to do two separate transaction...
Currently I own a property in Sacramento with enough backyard lot that has Alley access and my current Mortgage is at a 2.5% rate and don't want to touch or affect it.I am in the process of considering a lot split wit...
Hi everyone I'm just starting my journey & need some guidance. I placed some signs out & received a call from a seller. They are behind $24,000 on their mortgage. They need to sell because they need to reloca...
Is it possible in the state of Florida to execute a rent with option to buy contract if there is already an existing mortgage on the property? Also is the something most conventional lenders would allow?
My info: Primary residence is a Triplex bought at $320000 in 2011, current est $465000. Rent collected for 2 units $2300. Mortgage, insurance, taxes, & water = $2000 a month.My initial plan: Buy a triplex or quad ...