Hi everyone,
I have a question about how much in excess of the interest is paid in each payment of a fixed rate loan. Suppose you have a 100k loan at 6%. An example from investopedia shows a schedule of
Payment
0...
I tried asking yesterday about this and I think I was too confusing in how I asked.So if my seller is behind on there mortgage payments and I'm covering all closing costs for them, I'm assuming that when I pay the loa...
What income is counted for a mortgage? And how much could I get? Say, if our income is $300 a month?Or $2,000?Thank you!
I'm currently in the due diligence of a note, perceived as non performing but as I started to inspect the file I have noticed the current loan services company has reached a 3 payments trial payment plan agreement wit...
I got bored at work today and started taking a look at my options on my FHA loan.
Short background
I have an FHA loan on a duplex that I own. I paid $165k for it in 2011. My FHA MIP is just a hair unde...
I’m in the process of purchasing my first rental in Mountain Home, Idaho. There’s a major housing shortage on the military base. So I’m purchasing a single family home that’s 1,300 square feet. 2 bed and 1 1/2 baths. ...
Hello All, Any strategies on how to approach making additional payments towards rental property mortgage? Monthly extra payments?Lump sum payments once a year?Start a high yield savings account, CD, money market and u...
I am in the process of obtaining a HELOC on my primary, with plans to buy some rentals. I've been doing a lot of research on how to pay down the HELOC faster using it as a checking, and have some questions as things a...
I'm editing my lease document to reflect my (planned) use of erentpayment.com for rent payments. (Mine is currently full of the old bank account info for direct deposit/mailing.) If you're collecting rent via erentpay...
I am an experienced investor and have purchased homes in Virginia and Michigan several years back. At the time, I used conventional bank loans to buy the property.
Today, there are many great deals out there. Pro...