Anthony Power
Ideal Interest Rate
I believe that the main reason nobody wants to buy right now is the interest rates? Please correct me if i'm wrong or missing something. With that being said and despite the current interest rates, what would be the h...
Quinten Sepe
Mortgage Rate Options vs. Lender Credits vs. ?
Hey All,My mortgage broker got back to me with three options for our fee summary and amortization schedules.Option 1: Interest rate: 3.875%Lender credit: $340.52Total cash from borrower: $7,082.68Total monthly payment...
John C.
Funding to Purchase 400K Condo in NJ
Hello,I am looking to purchase a condo in Wildwood NJ, for 400k. It would be used as a STR, Revenue 75K annually. HOA $1377 monthly includes utilities and insurance. Taxes $560. I'm aware this doesn't look profitable...
Kelli Aberle
best way to payoff mortgage
What is the best way to payoff a mortgage. I am reading that you can either add extra each month or make one additional payment each year. I think I read that making one extra payment in a year is somehow better than ...
Christopher Bell
Repaying Mortgage Early Benefits?
I have a 30Y fixed mortgage and want to start attacking it for my primary residence. When I pay off over the monthly payment, will this reduce my interest expense paid over the life of the loan?
Julie J.
looking to refinance
Hello
Can anyone foresee where mortgage rates are heading?
One bank says interest rates will come down ever lower
What are your thoughts?
Alfredo Rodriguez
Wondering regarding cash out refinance on a 4plex using DSCR loans …
I currently have a 4 plex unit near bucs stadium in Tampa FL. In this 4plex 3 of the units are rented through STR (Airbnb, VRBO) the four unit I have it rented to a tenant with a 1 year lease. 3 units- STR bringing 21...
Alexandria Harden
Interest calculations on hard money ?
I am looking into getting a hard money loan for the first time and was wondering how to calculate the interest to make sure the deal is still a good deal after there interest. Rough numbers are it’s a 2 building 10 un...
Josh Mitchell
More Cash Flow on properties!
This may have been in another post, but thought I should bring it back to light.I think that not enough of us know, or take advantage of what most banks call a "re-cast" or "re-amortization" on a loan!! Typically, wit...
Martha Daisley
How to set up a private money agreement
Hello!
For anyone here that has lent out money as a private lender , I have a few questions. How do you vet the person you are lending to? What type of agreement/contract is needed ? And finally, if they dont pay, ...