Oscar Zendejas
Refinance Closing Questions
Hi Bigger Pocket Members, I am currently trying refinance my property and trying to determine the best method for proceeding with the process. One of my lenders is stating all estimates will be changed at closing. ...
Craig Price
Define Cashout Refinance
Can someone define what Cashout refinance is and give an example? I'm sorry if this is basic knowledge but I'm new to all of this and want to make sure I understand this strategy.
Amit Rana
Refinance or float
Hello!
The condo I live in was bought using 5/1 ARM back in 2005. The ARM rate began floating in 2010 and since then the interest rate has been around 2.625% with next adjustment happening in April 2015. I ha...
Adam Petterson
Refinance vs Selling
Bigger Pockets Community,I am new to bigger pockets and wanted to ask for some help with a decision that I have been battling over the past few months. To give you a little background on myself, I have worked in comme...
Jonathan Darling
BRRRR Method Refinance
Hello everyone,I'm just starting out in real estate investing and I'm thinking about using the BRRRR method. But the one piece I'm still not sure about is the refi. One example I've seen is you buy a house for $70,000...
Cheryl W.
Mortgage Refinance Fees
Hi BP community, I'm on my second rental property with another in the pipeline and I've learned so much from the BP community. Thank you to all of you who take the time here to share their knowledge and experience wi...
Leo K.
Recession Refinance - 2008
Was it difficult to refinance with fannie/freddie during the 2008 recession?I know many banks froze credit for commercial loans - was the impact similar for mortgages?
Cristobal Sanchez
Refinance Investment Property
I own a property (condo) with an estimated value of about $425KI currently own to the bank (Mortgage) $265K and therefore my equity is about $160K. My mortgage + Principal + Insurance + Taxes & Condo fees = $2,14...
Raj Parwani
BRRRR refinance question
Need clarification on cash flow during refinance phase: Purchase 200k; initial down 40k; rehab cost 20k ; suppose ARV 250k; rent from unit $1400; so if I refinance then the amount I would want to take out would be the...
Marty L.
Refinance and Invest??
So I am somewhat new to the site. I started really looking into REI about 3-4 months ago. Before that, I was just a simple minded home homeowner just carelessly throwing money into my mortgage with no real financial p...