Jay Patel
Evaluate my financing quote - Can I do better?
Guys, I have a rental property under contract that I am looking to finance. I got this quote from a mortgage broker who I used to get my pre-approval letter. Personally I'm not too thrilled. What do you guys think? Si...
Vince Liu
How to find a good portfolio lender?
Hello BP - I've been trying to find a good portfolio lender for rental property acquisitions. I've talked to many national portfolio lenders (included the recommended vendors on BP), they either have super high intere...
Jaquon Miller
Refinance or Not
Purchased a $535k duplex at 7.125% & have the opportunity to refinance to $548k at 5.75%. Payment is $450 cheaper ($4400 PITI v $3990 PITI).
This is a house hack where the tenant is paying $2100 in Y1 with rent s...
Zachary Schimenz
Is this loan a good deal, or a rip off?
I just got pre-approved for a conventional loan through a lender recommended to me by a Turnkey company. Wanted to make sure it's a good deal -this is my first house:
Loan for a $100,000 to $200,000 house with 20% ...
Dolly La Salle
Interest rate 6.068% too high?
Hello. I plan to buy my first rental and received a pre-approval from a mortgage broker for a loan of 6.068%. I understand that the interest rate is higher when you buy an investment property, but I have really good c...
Michael Pritchett
Primary Residence Mortgage Refinance
Hello,My name is Michael and my wife and I live in a suburb of Nashville, TN. We bought our primary residence in March of 2020 and have a current 30 year fixed mortgage of roughly 386,000 dollars at an interest rate o...
Vu Le
How to do price match between 2 LENDERS
Borrower currently goes with LENDER A, but LENDER A ends up with very high interest rate and fee.
To do price match, I would like to ask whether I need to show LENDER A the lower rate & better fee from LENDER B's...
Account Closed
Are these closing costs fair?
Hi Everyone,
I found this forum after deciding to get into the rental house business part-time. What a great place to learn about all aspects of the business. Thank you in advance for your feedback, comments and ide...
Nick R.
Applying for a mrotgage with multiple brokers. Good idea or bad?
I'm in the process of looking for a primary residence and have heard differing opinions on whether or not you should apply for a mortgage with multiple brokers. Some say it's not good for your credit to have additiona...
Ryan Copeland
Lender vs Lender, what do I do?
So I am going through the lending process with another lender and we just got my rental appraised last week. Now Quicken, who has the current mortgage, has gotten the notice that I’m about to pay off the loan and then...