Kelly R.
refinancing from a 30 yr fixed to a 15yr fixed
I asked this question before but since then the interest rate has dropped a lot more. I have 22 yrs left on a 30yr mortgage and owe 85000 , at a 4 percent fixed rate. Is it worth it to refi to a 15 yr fixed at 2.75 pe...
Aaron Heers
Lines of Credit against primary residence
What is it like having a line of credit on your home? Is it like having a credit card? What is the payback interest like?
John Thedford
Goodbye Mr Bailey--I Am Going To Miss You........
Goodbye Mr Bailey.....i do wish we could continue our relationship!Backtrack five years ago. At that time I was just starting to acquire SFR. I was referred to this man by a local attorney when I asked if he knew anyo...
Kyleigh Morgan
Interest Only Payments?
When you are looking to refinance in a Brrrr deal, are you primarily/ideally looking for a refinance that offers interest only payments for the first bit? I find it hard to make the numbers work unless I find that kin...
Lee Griswold
Cashout refinance BRRR (please explain)
My first House I bought when I was 25 for 90,000. It is a 2 bed 1 bath single family. I have 7 yrs left on my loan and I owe 36,000. The mortgage payment is 800 a month. At my last appraisal it was worth 140,000. I c...
Brian Nostrant
MONTANA REAL ESTATE NEWS
May 2023REAL ESTATE NEWSBrought to you by Brian Nostrant.Five Ways to Build Home EquityWhether you currently own a home or are thinking of purchasing one, you may be looking for ways to build equity. Home equity is th...
Hilary Braun
HELOC Payment Explanation
Hello everyone!I'm beginning to scale my rental portfolio and using funds from a HELOC to cover cash to close on my properties. I was using HELOC payment calculators online to gauge the cost of the cash to close per p...
Bryan Lester
The wisdom of paying off loan?
My specific question is the basic idea of how a loan works. Any further elaboration is appreciated.
Say I get a 100K loan on a 120K house. The monthly fee I am paying for this loan includes interest, property tax, in...
Rohit Kochar
Getting rid of PMI from My Mortgage
Hi Everyone,I have a questions regarding PMI. Let me explain my current situation. When I bought my property in Long Beach, CA, I only put 5% down payment and took a loan with 3.85% interest rate plus a PMI ( $214). P...
N.A N.A
Lease with option trouble?
So we are 12 days out from our preliminary closing on a rent to own home. Yesterday my agent calls to tell me that when she contacted an attorney to have a title/lien search done he refused to do it. Apparently he had...