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Hey guys, so let me explain my current situation and then ask for advice. I currently live in one side of a duplex and the payment is $2500/mo. I am currently trying to rent out the other side but have been struggling...
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Purchasing a home for $92,000 with an existing FHA 15 yr fixed at 3.5%, 11.5 yrs left on the note. The balance is about $77,500. The loan is with Bank of America. I called them today about assuming the loan. They ...
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Recently I have been seeing a lot of negative posts about how there isn't a way to invest in real estate in the current 2023 environment. (High prices and even higher interest rates) I am here to present an option to ...
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Hello. I just received an offer from Mono RE LLC / CDK Investment to purchase my home, which is currently on the MLS, at the full listing price. It seems too good to be true and I am currently trying to research th...
Hello all,Just acquired a property via foreclosure by the junior/2nd mortgage. The 1st/senior mortgage is in covid forbearance but not in default. It has a 2.5% interest rate (better than what I could get as NOO) and...
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I am under contract to purchase a property (primary residence) in Texas. The seller has a conventional Wells Fargo loan that is assumable (yes, I confirmed that it is in fact an assumable conventional loan). The bal...
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Hi!So Ive been banging my head against the wall for months trying to figure out how to obtain my first investment property.Looking for owner occupied.If FHA, I understand mortgage may be assumable. Just an example, If...
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I'm trying to remove a co-borrower from my FHA loan. It's been owner occupied for over the year requirement. The mortgage company (Amerihome Mortgage) said I could do an FHA Assumption. My question is whether it has t...
Is it possible to assume an FHA loan? Thanks!
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I have an opportunity to assume a loan on a SFH for very low cost, maybe a few thousand in fees to transfer. The issue is that the property will not cash flow as a rental. If I can get the house for essentially free ...