I'm not interested in solely "the best rate" but I'm interested in HELOCs with good features.For example, some banks/credit unions/etc do 90-95% CLTV HELOCS with a desktop/automated appraisal. (The property is in Pal...
I have been striking out in underwriting with 30 yr fixed rates, the math just isn't working out for me to make any cash flow and the debt service monthly expense is wiping out any NOI and thus my yield. So... I am co...
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I have 14 properties and I only have loans on 6 of them. My credit score is running about 750. It will be higher because I am paying down credit cards. I ran them up doing a rehab. I also have a job paying $80k per ...
Looking for a overall better understanding on how an interest only loan works. Plan is to do a traditional mortgage 20% down on a 60k home; ARV 110k. A few other expenses added to it so about 20k all together to borro...
Hello all! So i decided on getting a HELCO because I want to get my first investment property and I have equity in my primary residence I live in now. Basically i spoke to TD Bank today and agreed on terms, but I have...
Are HELOCs interest-only? So if I take one out, do I pay interest-only for a significant timeframe before I start paying principal?What if I want to sell my primary residence (what I plan to take the HELOC out on) and...
I have property I procured with hard money which is approaching the due time for me to refinance into a conventional loan. I got a quote from a company we decided to move forward with. This will be a DSCR loan. Howeve...
Hi everyone! I'm a newbie here buying my first condo property here in West Town Chicago, and am wondering if anyone has bought property with or has thoughts on an interest-only loan that is fixed rate for x amount of...