My bank said that a 7 arm rate would work very good for me. The rate is 6.8 now and will stay the same for 7 years then it will change every year based on the rates. What is your opinion on this? I already have a ho...

What amount of fees are expected these days in a cash out refi? How much is reasonable when it comes to loan fees? I had planned to do a cash refi on one of my investment properties, but the  fees are too high. With t...

Hello BP community!

For a conventional mortgage, is it better to go directly to the bank in order to avoid the lender fees or will the banks charge all sorts of fees as well?

Any advice would be appreciated!

Victor

I’m at a total lost right now! l was just told I would have to pay 23k to refinance a portfolio rehab loan on two properties. they are only lending 70% LTV, my rental rates are $1785 and $1985, but the market rents in...

I'm using VRBO (for my vacation rental) but have had a bunch of potential renters turn away as a result of all the added fee's that VRBO attaches to the quote.  In some cases these additional fee's can be almost doubl...

I’m doing my first buy and hold purchase for a long term rental. I’ve received my loan docs back from my (conventional) mortgage lender and he’s included a $995 loan fee. This seems a bit excessive to me. Also includ...

Are these good ARM loan options for multi-unit investments properties?A) 5/1 ARM – 20-year Term; Up to 30-year AmortizationInterest Rate Options:1) L5 Resi Owner-Occupied 5/1 ARM No Point Rate + 1.00% + 1 point2) L5 R...

Hi Y'all, I am trying to analyze a deal for a 1bed 1bath apartment at a very popular vacation spot. My mindset in RE investing is more of a buy and hold and preferably stick with long term leases. But for the current ...

I’m going to be shopping for a hard money loan for an upcoming duplex acquisition and rehab.1. What are red flags that would signal ‘this is a terrible deal/rate/terms/they are crooks’? What should I avoid? 2. What ar...

On a $100,000 loan for example, what is typical. Including origination, broker fees, and yield spread? I know every loan is different but what is the average or usual?