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We were quoted 4.75 apr for a 15 year mortgage. The lender said rates have been going up. This is confusing because the fed has been lowering rates. -4.75 is well above the average 3.02 posted on other sites that ag...
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Long time reader, second-time poster (I think)I’m under contract on a small multifamily (6 units) and am comparing loan options. For background, this is a stable, performing property with a plan to buy and hold for as...
Hey All,I think I am just posting this to vent, but any and all feedback is appreciated. So I am within a few days of closing on a house. Two months ago when I was shopping for loans I received fee lists from the lend...
First time home buyer. I have excellent credit score, small down payment (under $10k), DTI is at 8% - there's a teacher loan available at my credit union: no down payment required or PMI and it's 103% financing. Loan ...
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I am quickly narrowing my focus for a second vacation rental in the Asheville, NC area and would love to find a lender. I have identified one so far but would love more suggestions to compare rates. Thank you!
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Hello fellow investors,
I have >500k commercial loans with a local commercial bank, on 7 different properties (single family houses) upstate NY, from 7.25% to 8.75% on 10 years fixed rates. I feel the rates are ve...
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Question about the appraised value of larger multi-family properties...Is the appraised value based on the NOI of the current rent (or appraiser's estimate of rent)? If so, how would an appraiser get all data (expens...
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Hi BP,I've heard of people challenging their appraisals on the BP podcast so I am assuming that is a semi common thing. My situation is that I am a realtor helping my girlfriend buy her first property/investment. The ...
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I am planning on purchasing my first rental property within the next year. I am currently in contact with a potential broker who let me know what he can do for me. He seems very knowledgeable and was introduced to me ...