Alex Gerasimov
Equity loan vs down payment.
Hi all, I am trying to figure out on what is the best way to invest my savings. On one side: i can invest this in the down payment for the rental property. On the other: make a big dent in my primary mortgage and take...
Sandra Dunbar
Equity loans during foreclosure process
I am looking at a property in California that the owner defaulted on a $322K loan from 1999, they have $59k in default and the starting bid on auction.com is $217,000. However, the owner took out three equity loans a...
Elena Koyun
Refinancing and Home Equity Loans
Hello,The situation: About to close on our first multifamily Duplex. We will be living on one side and rent out another. We didn't have 20% down, so will be refinancing in about a year to get rid of PMI. The plan: To ...
Stephen A Jacquindo
Home equity loan on rental
My brother and I have lived in a Duplex that is paid off. I just purchased a house and am in the process of moving out, he is getting married and plans to move soon. The deed is in my name but I want to compensate him...
Hernando Quintero
HELOC OR HOME EQUITY LOAN?
For those of you who have done it. What are the pros and cons you found when getting either of these. I am considering taping into my equity to buy my second investment property. My concern here is the monthly rate o...
Keith Hand
Equity Loan For Trailer Park
I am purchasing a trailer park for $365k and I have a partner who is putting up all of the cash for the down payment on the bank loan. He will have a loan to the company and we will pay his capital investment back ove...
Dorian Moore
Home Equity Loan Appraisal Dispute
I will make this as short as possible. I am looking for advice on how to handle this situation and if I should contact a lawyer. I applied for a home equity loan through Discover Home Loans and it was denied due to ...
Brandt Tingen
High DTI Home Equity Loan
Hi, Does anyone know of or do home equity loans for a borrower who has up to 45 DTI? Feel free to call/email me if you can. Thanks.
Shuai Zeng
New Equity Loan after Flip?
Question especially for flip and holder. Lets say you purchase a home at $30,000. Repair total up to $10,000. Do you have an appraiser to value your new home on a equity loan? or do you go to bank to apply for a new e...
Nicoló Tossici
HELOC vs Home Equity Loan
Which one is the biggest difference between HELOC and Home Equity Loan? Which one do you think is better? I am an international student the opened an LLC with other two guys. All of us are very young and it is hard fo...