Adam Parker
Pay extra or save for more investment (DENVER)
Hi allNew to investing but just purchased my second property in Colorado. I own a single family in Centennial (3.5 interest rate) at about 50% equity and took a HELOC out to (fixed 3.99 interest) to purchase my newest...
Justin Pack
save more or pay extra on personal mortgage
Should I stop making extra payments on my mortgage?Before I started looking to invest, I wanted to pay my mortgage off ASAP. I always put extra money towards it. I wanted to accomplish 2 things1) pay my mortgage a fe...
Joseph Agins
Prepayment penalties on DSCR loans for paying extra?
Loan Commitment states: "There is a prepayment penalty of 1% on the loan for any partial or full principal reduction payments made before the end of the fifth year. After the fifth year the loan can be paid off with n...
Joseph Henry
How does paying extra principal on an ARM work?
I currently have a 30 yr fixed at 2.5%. Looking into buying a new primary home. With current rates, I am only thinking of a 5yr or 7yr arm. Never taken an ARM before. On a fixed mortgage, i could pay extra payments (o...
Federico Peralta
30 year loan and paying one extra principal every month
I have a 30 year mortgage , the monthly payment is $2916 at 4.1% the current principal amount is $532.41 I’m sending one extra principal every month additional to the regular payment ,Now the question is How can I ...
Steve DellaPelle
This might be a dumb question...paying extra per month...
If my PITI Mortgage is ~2750k/month and I pay an extra $250/month so ~3000k total...is that $250 going straight to principal or does it getsplit between principal and interest?
Sartaj G.
Paying down 1 or 2 morgages faster with extra payments
Hi all,I have two recent mortgages both at $175k principal and 6.625% fixed for 30 years. I want to accelerate the payoff by either paying $500 extra on each or $1000 extra per month on 1 only and keeping the regular ...
Mike Franco
how much extra are tenants willing to pay to have pets?
What are your observations?if i have a $2500 rental, $250 per month extra rent? 10% ? Anyone ever collect more than that? Are tenants really willing to pay?
Emanuel Pedrosa
Pay down Personal loan or save that extra cash to invest?
Hi there, I am new in this and need some advice from you guys. Here a brief summary of our case. There is three of us, my wife and our 3 yr old boy, currently living in Puerto Rico. I am an SAP consultant, few months ...
Anthony Wienke
Will paying extra on a mortgage always go towards the principal?
As the title asks, will paying extra each month on a mortgage, business loan, or any loan for that matter always go towards the principal? Or are lenders just too "crafty" if you don't say anything about the extra amo...