Jane S.
High closing costs! SFR to rent.
Estimated closing costs for a $450K SFR in good location, its in "ok" condition with 17 inspection faults. (There were 10 more but didnt ask seller to fix them, my handyman can do it.)And closing costs are around $180...
Jeff Bodenmuller
Delayed financing/cash out refi??
Hey all the financial guru's out there! Got a question. We purchased a wholesale property in Venice FL Feb of this year.Our plan is to rehab it within a couple months and turn it to airbnb!Ok, so back before we bought...
Matthew Kirkwold
Conventional Loan Interest Rates and Fees
Hello I've been talking to three banks and I have been inquiring about potential interest rates I could get if I were to get prequalified with them for a conventional loan on my first investment property. I don't have...
Account Closed
Which Refinance makes sense?
I Currently have a remaining FHA 4% mortgage of $529k. Mortgage was taken out in 2015. I would like to take use some of the equity in my house.This is a investment property that I own, I no longer live here My 2 Optio...
Tanisha Haughton
Buying a home that currently have a water lien
I may buy a home with a $7k lien. The price of the lien will be added to the purchase price. In total, the purchase price will be 30,000. This is less than value within the market, The seller wants to get rid of the h...
Account Closed
Investing in Greenville, NC
May have found a potential deal, but I'm a Durham native and have no idea what the market is like in Greenville. It's close to ECU (Right off of W 14th Ave) but I've read that a lot of the areas around the college co...
Alex Reidy
HOW TO LOWER MORTGAGE WITH NEGATIVE EQUITY
i currently owe more than my house is worth. i would like to refinance to lower my monthly payments. is there any way to do so? i bought for 6 years ago for 138k, owe 124k and house is worth about 120k maybe less. cur...
Sam Moore
First FHA Loan! Loan too small so apr has to go up?
So I just got off the phone with my broker and she mentioned that after my down payment the loan looks to be too small. She said that the loan will have to have a higher apr. She mentioned to get a higher loan and pay...
Alvaro Rodriguez
What happens when appraisal is lower?
I am in the process of closing on a house, closing date is 2 weeks from now. However, the appraisal the lender ordered came back $17k lower than the asking price. At this point what is the most logic next step? I don’...
Eric Armstrong
Maximum sellers assist?
Is there a maximum amount a seller can assist towards closing costs on an investment cash purchase? I understand the percentages when using a mortgage.