Hello, I wanted to know what would be the best way to pull out equity from my home to reinvest that into a rental property. I have a 3.30% interest rate on my current home. I know that the interest rates are a lot hig...
I am new to helocs. Taking out a heloc on my primary, no mortgage note. Comps in my neighbor peg house value at $348K. If a bank does 80% but is availing a $220k line. Am I on the loss for something here? Why won't ...
Hi Everyone,I'm planing to buy a multi Family House(Foreclosures) in Windsor, ON. with the inspiration/knowledge by @Brandon Turner book(RPI) and many other books suggested by @Brandon Turner, In specific looking to f...
Hello, I could use some advice on my current situation. I’m finishing up renovation on 2 non warrantable condos that won’t qualify for traditional financing. What would be the best loan product to seek to cash out refi?
I need some advice. We have a $90k HELOC on our primary residence which we used for our down payment on our rental property and currently owe $35k with a variable interest rate. Our rental property mortgage balance ...
Being a mortgage agent I get a lot of questions about these types of Mortgages on here thought I'd share in a thread for reference. I think Purchase Plus Improvements are great I've personally used them for my last 5 ...
I'm not able to find this on a site like FRED. Currently I'm getting offers in the 9.5-10.5% region but I'd like to see how they've been over the past 20-30 years. There's always a ton of charts on the 15 yr and 30 yr...
Hey guys I have an FHA mortgage currently looking to purchase an investment property. What advice can you give me on funding through a cash out refinance versus a heloc. What are rates and costs associated with each.
We are looking at doing a cash out refi, wondering what you think.Currently we have a 30 yr fixed at 3.25% and we are 5 years into it, $75k left on mortgage. Property will appraise around $200k. So this would give u...
Hey Guys,Thought I'd provide a friendly heads up for everyone. The banks are getting realllly competitive with their variable rate offerings right now. If you currently have a variable, it's a super low penalty to swa...