Hi, I just spotted a 4-family room which makes sense for me and my credit union is offering a conventional loan mortgage for 5% down. Here are the two options the lender offered to me:
- Option 1: 30-year conventi...
Looking to cash out refinance out of my hard money loan. House is only season at 3months please help
hey guys! need some advice.I have owned a triplex for about 2 years now. I got in when interest rates were great but i took variable and unfortunately the rates have gone up and my monthly payments have gone up almost...
Has anyone purchased property using a home equity line of credit, HELOC? I curious to hear your experiences, good & bad.
Hello BP,
Shortly after the shutdown in March I decided to get a HELOC. I'm 8 years into my mortgage at 3.62% for 30 yr fixed. I recently spoke to a mortgage broker who advised to do a cash-out refi and close out the...
Hello BP community,
Newbie/white belt here.
I have a question regarding HELOCs. My wife and I would like to make our first rental purchase in 2023 - we have a newborn so our time right now is fully dedicated to him ...
Hello BP Community,I'm probably raising a question that may have been discussed in previous threads. In any case I was hoping to get some advice with my new deal.I have the following 4 scenarios regarding going with a...
Hey all! My wife and I just set up a HELOC for our current house. We've been followers of biggerpockets for a few years and know that using your HELOC or a Home Equity Loan are common methods for purchasing a future p...
I am asking this on behalf of my parents. After years and years of paying a mortgage, my parents are about 6 months out from paying off their mortgage (Woohoo!). With their new grandbaby, they are looking to move up c...
I have 3 options to use as my down payment towards my next SFR.
HELOC from my primary home, which I initially leaned towards thanks to David Van Horn's opinion, with a 5.5% variable rate & I believe paid back ov...