Brianne Baloga
Mortgage involved transfer to LLC - problems from Mortgage comp?
Bought a rental prop in 2019, thought I was doing the right thing by placing in LLC for asset protection. Has anyone had problems with their mortgage companies after such an event?
Steven Segal
Mortgage Tax on Blank Loan/Mortgage in Various States
Question on how this plays out:If I take, for example, a 2 MM loan across 5 properties in 5 states. Would I have to pay mortgage tax in all 5 states on the 2 MM, or would the lender probably required something like 12...
Daniel Sanniti
Breaking mortgage penalty vs new mortgage effective interest rate
Hi folks,Does anyone have a spreadsheet on comparing a current mortgage vs breaking said mortgage and taking on a new mortgage with a much lower rate?I would like to determine the savings, break even point etc etc. I ...
Louis Zameryka
Buy investment multifamily w/ mortgage or mortgage second home?
I am looking to buy a duplex as an investment property. I do not really have the cash for the down payment at the moment but I own a second home that is free and clear. I’d like advice as to how I should pay for the i...
Steve Vanderlay
Global Mortgage Group or American Mortgages or Foreigner finance
Hi fellow BP'sHas anyone used or know of any feed back from other whether good or bad about Global Mortgage Group and their US subsidiary American Mortgages?I had my first call with them and reluctant to share sensiti...
Allison Y.
2nd mortgage bought at auction, 1st mortgage now foreclosing
I'm going to try to make this clear as mud, so bare with me!Person A took out a mortgage (#1) and bought house in 2000. In 2003, Person A took out a second mortgage (#2). In 2014, Person A defaulted on mortgage #2 and...
Sean S.
Paying off first mortgage after purchasing second mortgage foreclosure
When you purchase a property through a second mortgage foreclosure and then pay off the first mortgage, does any conveyance occur? Since you already own the property, is this equivalent to a lien being satisfied? Can ...
Bob Mastroianni
Mortgage Advice for more than 4 mortgages & FHA
So here's a scenario that I could use a little bit of advice with. My wife and I are currently looking at a duplex in South Jersey. If we were to make an offer, we would purchase the duplex as our primary residence, l...
Phil Shelton
becoming mortgage broker to fund own residential mortgage loans
is it legal to become a mortgage broker to fund my own investment residential deals? I do not want to pay broker fees. Looking to save money especially with Hard money lenders.
Account Closed
Why do some 1st mortgages prohibit a 2nd mortgage?
I've noticed this in several 1st position notes but never fully understood why. I have some ideas but am curious what others think.