I own a home that is paid off. I want to use a FHA loan to purchase a duplex. What is refinancing and can I use my home to get that loan? Can I use a FHA loan if I refinance my current home?
I'm looking for some advice on refinancing a rental house I have. It currently has about 26 years left at 4.125%, we refinanced it as a primary residence when we were living in it 4 years ago. I was looking at refina...
Can I refi a rental property that I got through seller's financing even if I already have 4 mortgages on my credit report? I've heard 4/5 mortgages is the max.
I recently purchased a home for $85,000 in cash, put another $15,000 into it and now it has a ARV of $139,000 based on area comps. I would like to get a mortgage on this home and cash out the majority of my equity...
I've heard about a strategy people use when buying, rehabbing and then refinancing to "get their cash out". Would anyone be willing to explain how refinancing a property works in an example like this? (excludes closin...
Hi all, I'm 18 and am taking an interest in REI and one question that I cant really find a clear answer to is What does it mean to Refinance your house and also what is the purpose of doing so too?
Hello, I am reading an article entitled "How to Buy a Small Multi-Family Home" by Brandon Turner and in the article he said that he was purchasing a muilti family home for 90k In order to finance the house he used a ...
Hello, Need help with this current Scenario..Conventional Loan @ 4.35% on a Single Family Home with a Balance of $295,000 & w/HELOC of $70,000. Property Value $520,000. Goal to take another HELOC for investments...
Hello BP,I'm sort of new to investing and recently purchased my first property. I own the property free and clear (no mortgage). I'm currently renting it out at $750 per month and would like to refinance and take some...