Noah P Bonds
Should I cash out refi with interest only payments?
I have a lender who has an interesting loan product - thinking about using it for a cash out refi. Loan terms: 40yr fixed, 5.375%, interest only payments are available for 1st 10yrs(that's the part I like). After that...
Edwin Epperson
6 Month Short-Term, Interest Only Loan - Tampa FL
Investment Info:
Single-family residence private money loan investment.
Purchase price: $197,000
Sale price: $307,500
I provided a private short-term interest-only loan for a local Fix & Flipper....
Kyler J Sloan
HELOC effect on DTI when in "Interest Only" Period
As with many HELOC's, the one I hope to get is interest only during the draw period. During this period, how is DTI calculated: using the interest payments, or the total future payment? Thanks.
Account Closed
Interest-only LOC from my relative. Secured against collateral??
My broker is telling me that if I get a loan from my grandfather for a down payment, that it has to be secured against real collateral! I saw somebody on here saying that you wouldn't want to do that. What is the truth?
Rajeev Samuel
Interest only DSCR Loan for multifamily vs commercial balloon
Hi all, I'm looking to do my first investment property soon and while I was looking for a SFH or small multifamily, an off market 5-plex was presented to me that could be a good deal if I can figure out financing. Co...
Dr. Jordan E Smith
Commercial Loan Variable Interest Rate After Only 5 Years??
Hey all!
I'm looking at an rv / boat storage complex in GA, and the numbers work for us EXCEPT for the fact that we are being quoted on a commercial interest rate that can only be fixed for 5 years.
Wondering if a...
Alba Cheung
cash out refinancing, should I use interest-only option?
Hi, I have 2 rentals in GA with about a total 150K equity. Both rentals have good cash flows, and both loans are in 4% interest range. Should I refinance them and use the interest-only option? I need cash to reinves...
Vinny Incognoli
Are Interest Only Fixed Rate Mortgages good for refinancing ?
Looking to refinance my non-warrantable property to pull out the equity. I was offered a 30 year fixed at 5% with a Interest Only Fixed Rate Mortgage. Has anyone had experience with this type of product? I know it is ...
Jay Statzer
USDA Property in Interest only loan and negative equity?
OK here we go. My first technical question.My neighbor has a home with a USDA loan plus a loan for a 4 yr old roof equaling 78000. He pays $450/mo interest only. So, basically, is he just renting the place from USDA?S...
Connie Brzowski
How to figure the payment on interest-only loans?
Not sure if this is the right place to ask...
I'm trying to structure a business proposal for a private lender and I'm having trouble running the numbers.
This is from an article I read on another investment forum...