Dale Peto
Comparison Home Equity Loan or a Mortgage
If interest rates are the same, which is better a mortgage or a home equity loan? Does the mortgage gain equity faster? Is the home equity loan better because there are no closing costs? Is the home equity better beca...
Glenn Jones
SBA Loans and Interest Rates
Hi - Looking to see what others think about SBA loans and the current/forecast interest rates. I am specifically looking at 7a and 504 loan programs. Some lenders are telling me that they can only offer adjustable r...
N/A N/A
Selling house to friend to avoid foreclosure
My wife was out of work due to illness for nine months. Many of our bills fell behind. To make matters worse my mortgage with Option One was purchased by Litton Home servicing. This new mortgage holder has essentially...
Sarah G.
Financing question for a newbie
My husband and I are newbies at investing. We currently have a vacation rental that is free and clear in Arizona. We’d like to purchase some long-term rental properties in Wisconsin where we live. What is the best way...
Anthony Phillips
Any investors still using brrrr in these interest rates
So I am almost done with my 2nd brrrr property this year. I completed my first property and was able to cash out all of the property cost plus rehab cost. I bought in cash and when I went to refinance the interest rat...
Emily Smith
Mortgage Trends This Week
Hi,
The year began with mortgage rates continuing to register a slight increase. The average for 30-year fixed rate mortgage increased by two basis points closing at 6.29% whereas the increase for hybrid 5/1 adjustab...
Valerie Post
Stories of Being Over-Leveraged?
Hey, BP Crowd!I'm curious to hear people's stories of someone who wanted to invest in rental real estate but got in over their heads through taking on too much debt, stumbling during rising interest rates with an adju...
Chris Mason
Private lending *IS* 1-to-1 with "the fed dropping rates to 0%"
Click bait headline, but a fair amount of truth to it. :)
A lot of "private lenders" are actually borrowing on a personal HELOC to re-lend to you. Their profit margin is the difference between their HELOC rate, and ...
Arthur Voskanyan
HELOC’s and Interest Rates
Are HELOC’s interest rate fixed? Or can it fluctuate? If it does fluctuate can it be significant? Can it go for example from 4.8% to 6%? Thank you.
Arthur Voskanyan
Devin Scott
Multifamily financing - 30yr fixed vs. ARM
Hi all -
I'm about to close on a multifamily that I intend to hold for the long run. My initial thought was to use a 30-year fixed, but my friend who is in the mortgage business actually suggested doing something l...