Kenneth LaVoie
Refi or stay put?
Uusually deciding whether to refi or stay put is easy but I'm having a tough time deciding. I have an opporunity to refi two 4-units. each mortgage is around 80k, 3 year ARMS, currently about to re-set at 4.375. I hav...
Kristen Chapin
Non comformim loan refinance
Can anyone recommend a company that can refinance a non-conforming loan? It is a short term vacation condo rental in Destin, FL (considered a 2nd home currently but can also be considered an investment property) I hav...
Vy Mai
Confused with the estimated Total Monthly Payment
I've been trying to contact my lender but haven't gotten the answer. So I'm reaching out my BP members :)My questions is based on this estimation, is my monthly paymnet $1070.42 or will it be $1070.42 + $285.15= $1355...
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Payoff vs. Refinance vs. Do Nothing
I have rental property that I have owned for 14 years. It was our first house. We got an FHA ARM 30 year, which is based on the 1 year t-bill (rate + 2). Its been a great ARM easily beating out the fixed rate in most ...
Sharon Ho
FHA vs. ARM for duplex
Hello! I'm new to real estate and planning to purchase a duplex to owner occupy as a first home purchase. I'm currently talking with lenders to get an idea of the loan options available to me and have narrowed it down...
Jonathan Beemer
Colorado Springs market?
Hi BP! I used to live in the Colorado Springs area and considering moving back.I’m an investor here in tulsa, Ok. Looking to move operations to the CS market. So, I’d like to hear from active investors in CS.A few Qs:...
Nick Gray
Choosing a Low Down Payment Mortgage: ARM or Fixed?
Hi Everyone, I am in the process of purchasing my first deal, a duplex in Exeter, NH, for $265K. My plan is to house hack by owner-occupying one side with a roommate and (hopefully) living for free. I have just enough...
Bryan Hancock
Using Futures Contracts To Hedge ARMs
Has anyone out there in creative land used futures contracts to hedge interest rate risk on your ARM? I am wondering what futures to use for commercial loans with floaters past year 5 or so. Selling eurodollar futur...
Drigo Vie
ARMs?
Please excuse my ignorance in this subject... I was just reading a book the other day that talked about buying a property using the loan type of ARMs for 3 years or 5 years, which for what I understand is only paying ...
Julie Jenkins
ARM vs fixed rate mortgages
In my search for lenders here in Nashville, it seems as though there are two options each with varying terms from lender to lender. There is usually some kind of fixed rate mortgage I can obtain (80% of purchase pric...