Tom Hastert
House Hack Duplex - why is it a FHA loan and not conventional
Why is it always mentioned you househack using an FHA loan and not a conventional? FHA is usually a higher rate and upfront mortgage insurance premium, which needs to be refinanced off later requirement more closing ...
Daniel J Jackson
FHA loan on house hacking duplex when own SFH w/conventional loan
We own our current home with a 15-year conventional loan. We have about 80k in equity (about 40% equity). We would like to move about 20 miles away (my wife was offered a job on the other side of town). We would like ...
Jun Zao
What are the criteria of buying a house with a 5% conventional?
For example, buying a 4-unit apartment building, do I have to live in one of the units?
Jack Smith
Is it better to get a conventional loan or home equity loan?
Hi all,I'm pretty new to real estate investing and so far loving the forum. I've looking into buying an out of state rental property this year and was wondering whether it's better to get a conventional loan or to pay...
Randall Kates
Refinanced Out Of my FHA 203k to a conventional Can I Repeat ?
I purchased a duplex property last year and refinanced out of my FHA 203k loan into a really nice conventional. I spoke with a friend of mines who has experience with Annie Mac Mortgage I explained that i wa...
Maureen Campbell
Can we refi out of VA Loan to convention to capture equity?
My husband (veteran) and I purchased a home in Philadelphia in March 2017 in a neighborhood that is appreciating rapidly. We have fixed up a lot of things already and are continuing to improve it as we live there. Bas...
David Healey
When Should We Consider Not Refi out of an FHA to Conventional?
Complicated Question:We just purchased a Triplex on an FHA in January. We have about 22% equity in the property now and want to refinance out of the FHA into a Conventional product (I believe Freddy Mac will allow us ...
Akshay Wattal
HELOC to buy all cash OR 30yr conventional with crazy high rates?
Hi Folks!New to real estate investing. My lender told me that the rates changed again this morning (80 basis points), so looking for recommendations here on which option is more sensible - using HELOC to buy all cash ...
Lily Sellers
Help! Is it wise to refinance my FHA to a conventional loan?
Bought the house for 198k over a year ago with an FHA loan and I have a $1059 mortgage. It is now worth about 245k and I have lived in the house for over a year and want to buy another property. I was wondering if ...
Anthony Emerson
What to do with a Conventional Loan pre-approved with 3% down
Looking for some input based off my current situation. Though I have been studying the BRRR strategy I currently do not have access to capital to leverage these deals and compete with other investors in my current loc...