Zachary Critchett
Will my mortgage payment change?
Hello,
If my property tax assessment goes up or down will my mortgage payment go up or down? Also, if the property is paid off am I required to pay the entire tax year at one time? And will the payment be fixed or do...
Alex Smith
Rental Refinancing Scenarios and Question
Hello everyone!So recently I used LendingHome to fund a flip we are working on and my experience was phenomenal. I then got talking to them about rental loan products (failed to ask about fees associated with refinanc...
Gideon Blustein
Anyone used Community Investment Corporation of Chicago?
Hey BP'ers: I'm curious if anyone has had success in using Community Investment Corporation of Chicago to buy multiple properties in distressed areas or multifamily in distressed areas. What are the ins and outs/pitfa...
Lyn Green
Does my Rider delete my "due on sale" clause"?
In reading my 1993 fixed/adjustable mortgage note (5/1) I have the standard paragraph 11 "Uniform Secured Note" statement that can trigger a "due on sale" clause. It reads "If all or any part of the property or any in...
Account Closed
margin remains constant?
i am taking a real estate agent exam soon so i can get expand my investing career. on a question it says... on an adjustable rate mortgage, a margin is added to the index to determine the new interest rate. the margin...
Shaun Weekes
Fed Raise rate from .25% to .75%
Rates have been raised today and this will eventually trickle down to 30 year fixed mortgages. It will affect your HELOC's and adjustable rates right away.If you're looking to pull the trigger on a purchase or refina...
Adam Stroik
I can't find a fixed rate mortgage for my 4-plex purchase!
Greetings All,I have a 4 unit building under contract and have called a dozen or so banks all of which are only offering adjustable rate mortgages. I will not be occupying the property. I was under the impression an...
Vlad Shostak
Opportunity for Underwater ARM Loans Hitting Reset Period
With current rates around 7%, shouldn't there be an opportunity to purchase properties that were bought with adjustable-Rate Mortgages (ARMs) at 3% in past 5-10 years that are hitting their reset period this year 2024...
Luis Melendez
Blanket mortgage or portfolio lender
Hello BP communityI’m in a bit of a jam and trying to see if anyone can help. I have 16 units that I would like to do a cash out refi. Those 16 units are comprised of 1 four unit property 4 three unit properties. Thy ...
Heather Mikel
Funding for an 8plex
For my next deal I am looking to purchase an 8plex. So far the best fixed financing I have found is a 5 year mortgage. The purchase price is $500,000 in Texas. Does anyone know of any mortgage brokers that offer a 20 ...