David Arehart
Comparing Lenders for Heloc
Hello everyone, Im trying to get the ball rolling on investing in RE, so over the last few days I have been calling local credit unions and banks to compare Heloc rates and terms. Ive contacted roughly 10 or so and ha...
Ashish Wa
Question on DSCR option
Hello Folks
I may need DSCR loan for a new construction with the DSCR being under 1. Whats the ongoing rate with this scenario and fees?
Hang Chu
Pros and Cons: Small Down Payment and LMPI
Hi,I am a little over a month away from closing on a home (new construction). The house is a "detached condo" so I know that the interest rate may be a little higher because its considered a condo and not a SFR. Ori...
Derek Nemec
Investor loans (DSCR, NONQM, etc.) projection
Do you believe, with what data is available, that interest rates are expected to fall substantially enough (within the next 365 days) that it would simply make sense to wait instead of jumping in with such loan produc...
David L.
Given equal numbers, would HELOC vs Cash Out Refi be the same?
So, here's what I mean:For simplicity sake, lets say both a HELOC and Cash-Out Refi have the same rate and I'm ignoring any closing costs. If I paid the same amount of money in the same amount of time, would either o...
Mark K.
Lower purchase price or lower interest rate? Need your help!
I wanted to get your thoughts on the scenario below. Would you rather choose option 1 (lower home price) or option 2 (lower interest rate). Ultimately the mortgage ends up being the same. Let’s assume you want to s...
Zeliang Zheng
I am looking to refinance my investment house
Hello, I have a investment house in Rockville MD, and I am looking for cash out refinance. The rates is greater than 6 from traditional bank? Is this worth it? what other options do I have to get more cash for investm...
Christopher B.
Cash-Out Refi, HELOC, or Wait?
I am currently looking to access the equity ($50k) in my duplex. I have talked with a few banks and my options are:
1. Refinance at 4%, 20yrs fixed with a HELOC up to 80% LTV with a 4.5% rate
2. Cash-out refinance 4...
Haley Cisar
Lending options for a duplex!
Hey yall, I found a great duplex in Indianapolis I'm looking to buy and hold. Just need some cosmetic updates. They are asking 109k and we are able to put down 25-30%. Our current lender will not loan due to the loan ...
Chad Jones
HELOC to fund a rehab?
I have my dad’s house (he passed 2 years ago) and am wanting to rehab it & rent it. My vision is to keep it a while (it’s paid off) and use the cashflow to help with my kids college. A full interior rehab will b...