Jose Ponce
Rental Refinancing lender
I was in the process of refinancing my rental property's. I have a large portfolio of rentals. The lender I usually go through is Visio Financial and was given a much higher rates and entire 1% from 6% to 7.125% payme...
Brandt Welch
How to Finance My Second Property
Hello BP community!I recently purchased my first home about 8 months ago and I'm looking to buy another in the area to rent out. I had a conversation with a lender this morning and he mentioned that the underwriter fo...
Selina Giarla
ISO Lenders: 30 Yr Fixed or......10/1 Interest only ARM?
I have been striking out in underwriting with 30 yr fixed rates, the math just isn't working out for me to make any cash flow and the debt service monthly expense is wiping out any NOI and thus my yield. So... I am co...
John Cato
First Post! Heloc Options for a beginner.
Hey everyone! I'm starting the process of looking for my first investment property in the Tampa Bay area. Due to the increase of interest rates currently, do you all see HELOCs as a good option for a downpayment on a...
Danny Celestin
Conventional vs Non QM Rates
Hey BP Fam, two questions for you. 1st question; is there a huge difference in the rate for a conforming conventional loan for an investment property vs primary home? 2nd questions; I Just got pre approved for a non Q...
Inga Davis
BRRRR cash out refi - higher interest rate to get 80% LTV instead of 75%?
Hello all,I bought my first rental property in Columbus OH using the BRRRR method and money from my HELOC on my primary residence. I am now trying todo a cash out refinance to pay off my HELOC so I can repeat the proc...
Eric Piccione
HELOC to pay down payment on 2nd home or cash out refi?
We have a primary residence that we locked in a good rate of 2.45% and are wanting to purchase our 2nd investment soon. We're considering our options and are curious if we should utilize a HELOC, cash out refi, or jus...
Evan O'Brien
Buying down Mortgage Rate
If you were to buy down the interest rate for your mortgage, what rates and fees would be associated with that? Would points have to be paid to buy down the interest rate?
Julie Coleman
Divorce Loan Options
My ex and I purchased a duplex in Glendale, CA as marital property in 2018, yet I am currently in the process of a divorce with my ex.
Due to the divorce proceedings, I would like to know my options regarding the ...
Laura Lewis
DSCR Home Loan
Hi all, I've been looking into applying for the DSCR loan. I'm new to the world of real estate, so I don't have very much experience. I just have a few questions about this type of loan. How exactly does this loan wor...