Donovan R.
Easy to get a second FHA Appraisal?
Had a FHA appraisal done on a house and it came in too high. I've been trying to contact the negotiator about getting a new one. anyone have any luck getting new FHA appraisals? I know they're much more in depth th...
Isaac J Mork
Do banks only offer 5 year ARM now?
What happened to the 25 year or 30 year fixed rates?I don’t know that I want the financial risk of rates to go up in 5 years and it kills the cash flow and we are out in a panic sell situation or just operating at 0 c...
Angela Mast
5/1 ARM Refinance (and sell the property within 5 years)
Has anyone refinanced a 30 year fixed mortgage into a 5/1 ARM? I'm thinking about doing this to significantly lower my payments for the short term. With a 5/1 ARM, the rate is fixed for 5 years (60 payments) and then ...
Tony Cimino
Hard Money for quick close and then refinance?
Is it possible to get hard money to negotiate a lower price (cash price), and then refinance the loan with a bank for a lower interest rate.
Think of doing this for a rental property.
Account Closed
Trading in a Hard Money Loan
Here is a stupid question...
Would you ever take out a second hard money loan with a lower interest to pay off the original higher interest hard money loan?
Bentley Denman
First time home buyer screw up
A little back story: About a year ago i moved to hinesville Ga, about an hour away from Savannah. I bought my first home using the VA loan for 0% down. I didn’t have the best credit so my interest rate was put at 7.12...
Kristen Haynes
Nationwide Housing Stats - And September / November Rate Cuts...
Real Estate News in Brief
What a week! We had a huge downward revision to the BLS jobs growth figures, the Fed minutes explicitly said that a rate cut on Sept 18 was likely, and average mortgage rates moved below 6.5...
Robert Gregory
Can repair costs be taken off the sales price?
Hi,I currently have a rental property under contract that I'm selling. We decided to offer cash instead of doing the repairs that came up in the home inspection report. Instead of giving the buyer a check at closing w...
Byron W.
Does this insurance coverage for a househack make sense?
Info about the property:3 unit brick building located on southside of Chicago. Purchased for $442k. Appraised for $445k. Currently househacking it.I am out of my depth when it comes to insurance plans but after hours ...
Nat Rojas
Time of Year, Property Manager, or User Error?
Time of Year, Property Manager, or User Error?
The property has been listed for 77 days awaiting for a tenant. My question: Vacant because Time of Year, Property Manager, or User Error?
Listing: 1053 Parksley Ave, B...