Ralph R.
Using equity to lower mortgage payment
I'm looking to get some feedback from the bigger pockets community. I am currently in the process of planning a large renovation that will include new kitchen, master bath, dormers, and an inlaw apartment. The renovat...
Brian J Allen
Mortgage Payments Are Outstripping Income Gains
A recent statistic from Banker & Tradesman caught my attention, highlighting a growing concern in the housing market. According to Zoocasa, the annual median income in Greater Boston has increased by 22.4 percent ...
Jorge Diaz
Mortgage pay off strategy.
Hi there, I'm new to the community. If this questions has been answered I'd really appreciate you pointing me to the article as I didn't find a search box where I could search for it, that being said...I recently atte...
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Investment Property: Duplex and monthly mortgage payments
I have a client who we have recently preapproved and is looking to purchase a duplex for an investment and some cash flow to come in.
I did the rental surveys on a couple properties and compared it to the monthly pay...
Allison W Gammon
Low down payment mortgage loan for STR
I was about to purchase a 2 family home with an FHA loan, live in one unit and use the second unit as a STR. Then I found out that I can't do STR with an FHA loan- EVER. So, I will either have to rent long term fore...
Joseph ODonovan
Bank of America to defer mortgage payments
Bank of America announced they will offer deferments on their mortgages for individuals who have been adversely affected by the Covid 19 situation. Individuals would have to contact the bank and formally request a def...
Jacob Miller
Does NOI include mortgage payments or not?
As i have been searching for more and more information to help me better analyze deals i have come acrossed conflicting information regarding how to calculate NOI. Some information include the mortgage payment in the ...
Alejandro Flores
Pre-foreclosure assignment of mortgages Payments Sale
Since in texas you have only 21 days to work on the house that is going off to auction. Is there any way where you can postpone the auction date to have enough time to work on the property? The strategy that I'm using...
Krystof Pilisiewicz
Mortgage “Half” Payments: Is it worth it?
Hi, I wonder if anyone has an opinion on this topic. Do you think paying half of a mortgage payment twice a month versus paying a full mortgage payment once a month is actually worthwhile.Let me know your thoughts!Tha...
Mick Regan
Paying off mortgage or increase principal payments?
I have 7 rental properties and have accrued cash in the bank. Should I pay off the mortgage in a lump sum and put that extra income into paying off principals of others or just pay more on all of the principals and no...