Nathan Frost
Interest Only DSCR
Can someone explain to me how DSCR works and why it would be better to do interest only payments vs a 30 year mortgage on an investment property?Seems the interest only quotes are still high and not worth it.
Silas Johnson
interest only loan
Ola,How does an interest only loan work? Lets say for example I want a hard money loan for $185,000 interest only at 9% for 2 years. Does that make my total paid after 2 years = 16,650 / 24 months = $693.75. Thanks fo...
Gerald Pitts
HELOC - INTEREST ONLY
I'm trying to wrap my head around whether a HELOC is a good idea for an investment property. I applied for a HELOC and got a "counter offer" for a HELOC - Interest Only. Is this a good strategy to use for making dow...
Dave Halevi
Interest only deal
Hello everyone, thank you for all Your help here!I have a seller financing deal with the following terms:pp 100K, Down 20K, 5Y balloon, 5.99%, Amor 30Y.1. The seller wants an interest only payments for the next 5 year...
Vlad Denisov
Interest only loans?
Hello everyone!Question to people who own 16+units - what type of loan do you use? Do you always go with interest only or not? What is your train of thought behind this?
Tracy Thompson
Interest Only Financing?
Seeking opinions/feedback on interest only loans. We are new investors having just three rental properties and want the pro's and con's of financing with interest only loans compared to fixed rate 30 year loans. Our...
Andrew Bertram
Interest Only Loans
I am looking into interest-only HELOCs. I am trying to do some investing in Baltimore, Maryland on properties in the $40k-$50k range and with rehab costs keeping the total amount that I am into the home at or under $...
David C.
Interest only payments
Of course, I am a new investor. I was looking at one hard money loan situation. They require 400000 min loan at 13.5 percent and interest only payments per month. Would the monthly payments be around 5,000? Seems the...
Trevor Fritz
Principal + Interest or Interest only Loans
Hey everyone, I am in a unique position and looking for some guidance. The short question is, should I take a loan if the borrower is willing to do an interest only loan for the same interest rate?This is a family mem...
Susan Lee
HELOC: interest only vs interest + principal
I’m a newbie and I’d love some opinions on which might be preferable and why. we’re trying to decide btw 2 credit unions, both have great rates, no fees, etc this would be to buy our first flip. we can get a HELOC fo...