I was wondering if anyone would mind sharing what rates you are getting right now when looking at conventional loans. I'm looking at a triplex for $260k. I'm being quoted 4.75% with a 25% down payment, 30 year term,...
Hi there, still looking for options to build my personal residence. I purchased 39 acres in Lyons, CO. (Boulder County) last week for $250K cash. I want to GC the house but the banks need a licensed GC to get a constr...
Hello,I am a newbie and received official loan estimate with Wells Fargo. i am getting conventional loan and they are providing me 4.25%. Is this a good deal? I have a 725 middle credit score. Should I lock it in or n...
s it possible to refinance A VA loan to a conventional loan? I currently have one property under VA loan and another property under a FHA loan. I heard and read about a VA loan program that allows you to cash out ref...
Hello all,I have a general question about paying back renovation financing through a refinance of the mortgage. I recently bought a duplex that I plan to renovate and rent. Essentially, my plan is to secure either a p...
I cannot seem to find my answer online and I want to have some knowledge on the issue before i reach out to a mortgage loan officer. Two months ago I purchased my first duplex (house hack!) and I received a convention...
Hello BP, new investor here about to put my first investment property under contract! I am owner occupying a duplex and my lender just informed me that I can use a USDA loan because of the county I will be purchasing...
Any advice on obtaining the cheapest money if you have 10 conventional residential loans? Our loan broker in CA told us rates would likely increase 100 basis points as FANNIE and FREDDIE won't buy them. Is this correc...
I am living in the south Florida area and looking to buy a duplex to owner occupy. I am very active in my search checking various sources daily so I am usually one of the first people to actually be on site and look a...
Thanks for any advice you can provide!I have $15k available for down payment and closing costs. My DTI is decent thanks to a solid salary (with 8-year history), BUT I want to escape CA sky-high property prices, quit m...