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...
Roy Massey
Locking in intrest rate
Should I agree to not be able to refinance for 5 years to get a lower interest rate or do you think rates will go down low enough that refinancing within the next 5 years would be worth it?
Tyler Carter
SFR loan programs < 25% down
Recently completed a cash-out refi and want to take that money and buy 2 additional properties (~$200k or less each). Currently have 3 rentals and conventional lending has been my norm, but all the local lenders are ...
John McKee
How important is the 5 year option in a lease?
A lot of leases have multiple 5 year option clauses but are they really necessary from a landlord perspective? It seems like the only benefit is to the tenant that can lock in their option rates for the long term. L...
Bryan Wegman
5/1 ARM or 30 year fixed??
I'm closing on a buy and hold property mid January 2019. My current finance options are a 30 year fixed at 5.75% or a 5/1 ARM at 5.0%. I'm curious what you all think is a better option?
Details:
4 bedroom 1.5 bathroom...
Derek Nemec
Rate check - Scenario provided
Hello there, feel free to comment below or send me a direct message with your information regarding rates, cost, and turnaround times. Here is the scenario:Property zip code: 77414Property information: SFH, rented at ...
Tyler D.
Mortgage Term/Amortization, is it worth it?
I am looking to refinance $50k investment property and was offered a loan with 5 year term/25 year amortization. The rate is better than anything I can get with a normal loan (4% vs 5.5% for a 20yr fixed refi). As I u...
Jeremy P.
Mortgage Advice Needed
Hey. I can use a little advice. In June 2012, I took out a 7 year ARM at 4%. This past June, I was notified that my ARM has expired and my interest rate will rise. With rates where they are, do the numbers below make ...
Sam Chan
When to refinance?
HiWe purchased an CA investment property when rate are at 8.25%. I wonder when I should refinance. Some options are:-No point - rates at 7.75%-Can buy down to 6.99 but cost 1.5%-Wait till next year or later when rate ...
Harsh Dangaria
loan term comparisons
Hi BP community,I have received the below offer from a lender for multi-family commercial loan. "only offering a fixed interest rate for the initial five years of the loan and the best rate I can probably get is going...