Marky Suazo
Private mortgage insurance
Hi all:I'm a first-time home buyer in the market for a small multifamily . Ive been looking into using the FHA loan, or something similar in order to take advantage of the low down payment. However, years of paying P...
Joshua Carr
Buying my first investment property loan question
I have a primary residence in which I’m about 20k from getting to 80% of the original purchase price. We originally put 5% down when we didn’t have as much cash reserves and have been paying PMI since. Our financial s...
Tim Boeving
Payoff rental or pay down to get out of PMI
Hello all! I have a rental property that has an ARM and a our current residence that has PMI. Question is do we pay down to get out of PMI or do we pay off the rental? PMI is about $90 and interest on rental is about ...
Arthur Hawkins
Trapped paying PMI. refi doesnt help with current interest rates
I bought a condo in 2017 using an FHA loan. I missed the window for a low-interest rate Refi. Now, refi increases monthly overhead even when removing PMI. What should people do in this situation? What are the options?...
Tony Thompson
At What Point Do I Not Have to Pay PMI?
Hey!
I have made an offer on what will be my first property, an owner occupied duplex. Of course along with principal and interest comes PMI (along with many other monthly expenses).
Say I acquire at least one 2-4 ...
William D.
Pay Down Mortgage to Remove PMI, Than Take Out HELOC?
Good Morning!I am trying to put together a plan for a down payment on my first investment property. I purchased my primary residence around February this year. I paid $260000 and rolled in $15000 in closing costs ($27...
Mario Essig
Refinance or not to refinance?
I bought my first house using FHA Loan and the data is as follows:Fixed Interest: 5.75%Loan’s first payment was made on 01.01.2019Term: 360 monthsThe question: I am a year in and I am wondering if it is worth or sugge...
Tim Ball
Is it worth to buy out PMI?
My friend got a conventional loan and bought out the PMI at like 2% charge. Is this worth doing instead of paying PMI in your monthly PITI? Do you save money in the long run? I guess it would help on cash flow for a...
Nicholas Armstrong
To refinance owner occupied Mutli-family? Or not to? BRRRR
Hello everyone! I would like your thoughts on something that I have been thinking about recentlyI have purchased a duplex that I will be occupying. My plan is to update both units, rent and refinance to purchase anoth...
Joshua Matowitz
Can you avoid PMI with a small down payment?
Are there any ways to avoid paying PMI with a less-than-20% down payment? Trying to cut costs any way possible.
Thanks!
Happy Easter!!!