Can anyone tell me if Im doing anything wrong here? Trying to analyze keeping my primary residence as rental this calculation was done as a scenario to keeping my current loan the way it is.Purchased - $110,000Down Pa...
My BP friends I hope you can help me with this idea. I have not seen any lenders doing this and I am wondering why?I would like a loan that adjust the principal every month and loaned me the difference between my cur...
what is the best type of loan to use for a buy & hold property. I plan to use the home for a couple of yrs as a primary residence but would like to have a good amount of equity at the end of the couple yrs without...
I am currently confused on how I would exit a seller financing deal that has a 5 year balloon in the P&S agreement. For example let's say the terms state that the purchase price is $380,000, DP is $19,000, Amortiz...
Have a client who says Litton Loans is their bank. Research indicates Bank of NY mellon owns the mortgage. Anyone dealt with BNY Mellon AND anyone have REO contact information. Litton is ridiculous. They will not appr...
I was reviewing my payment statement from the mortgage company and have always been confused at the interest rate etc.
Right now it shows: Payment-$1350.55, interest-$937.17, Escrow-$78.55
We have a interest rate of...
I am trying something new by starting a thread on a single Patch of Land loan for discussion and information sharing between investors. This thread is to be focused on "Atlanta Luxury Property Rehab" in Atlanta, Geor...
I never planned on being a landlord, but looking back over the last decade I've settled into the pattern I explain below. My main question is, "How will I look in the eyes of a lender when it comes time to buy my four...
Hello!If I purchase a home via seller financing will that effect my income to debt ratio when a bank goes to qualify me for another mortgage? My thought is that it might be advantageous to go the seller financing r...
I wrote out a Promissory Note for a Personal Loan to a relative for $50k.The Relative works in Weston, Florida and earns 6 figures.The 1st Payment is due on Jan. 1st, 2018 but I despite trying to contact my cousin, he...