Hi all,
I purchased a rental house back in Dec. at a low interest rate and using a HELOC for down payment and rehab costs. With interest rates rising and those of us with HELOCs with variable rates, what's the strat...
I've recently seen people giving advise to take out a HELOC as a means to pay your normal everyday expenditures including bills, and at the same time, taking your paycheck from job and applying it every month towards ...
All I here about is how great HELOC is- How about the downsides: 1) variable rate 2) risk your home if used 3) tax deductible only if used on the same dwelling
Hey, folks,New to the forums here, and I've been inhaling everything BP over the past couple of months.Short Story on Us: A couple looking to get into our first deal(s). Our town has a lot of single-families and duple...
For investors in Canada, I am wondering, how is everyone handling the mortgage interest rates? I have been offered a variable rate (3.65%) but with the expected increase in rates coming up, I am wondering if I should ...
Never done heloc before. Do you guys think it's a good deal or not so?HELOC Fixed Rate (3-year Draw Period, 10-year Amortization)80% LTV - 3.99% APRtaking out 60K
I need some help thinking this through and making the best long term decision. I have 2 commercial mortgages that are on 5 year ARM loans with 15 year terms and 3 personal mortgages with 20 year fixed rates. I am a bu...
I'm looking at buying a property to live in and eventually rent. My lender is suggesting a 10 year fixed vs a 30 year right now due to rates. My strategy is to keep the home long term so to me a 10 year doesn't seem l...
Hello BP
Need some advice on the financing side of duplex property that I am ready to close before end of the year.
I reached out to my lender for a conventional mortgage for the amount of $61k (purchase - 25%) and ...
I am completely new to HELOC's a dummie , below are the choices i have, I plan to borrow 125.000 to pay off my mortgage of 88.000 and have some leftover for upgrading. I would like to pay the loan off as quickly as po...