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I have a rental in AZ, valued at 230k and want to refi out ~80% to reinvest. Anyone know any lenders in Arizona that could help with this? Would prefer a non-conventional, or stated income, for someone with excellen...
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Hi folks!There is a property available in my town that is 3-4plex's. It's listed for $600,000 and could bring in $84,000 in gross income. After our best estimation with the info we have available we believe it could c...
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Hello Everyone,
Currently I am in process of buying my first Invesment property ( a Condo, 1 br, 2 baths for $148000, HOA is $170 pm) which is located at a very good location. My goal is hold the property for a long ...
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My bank is offering me a "special mortgage product" because I am an attorney. It is a small local bank in Memphis, TN and it has a good reputation. They have offered me 100% financing up to $250k on a 5/1 ARM at 3.55%...
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Can anyone tell me which one of these loans is better for an apartment building? What are the key differences in terms compared to each other? Can someone also describe the process of obtaining either loans?Thanks!
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Hey BP,
I am talking to a portfolio lender to hep get my 2nd deal financed. Can you guys help me translate this info that he sent me??:
10% down
Interest Rate: 3.925%
Origination Fee: 0.25%
5/1 ARM
30 year amortiz...
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Do anyone know what’s a Flex term 30 years fixed-rate mortgage? I’ve been trying to refinance my house to take out cash out. And I only got approved for a flex term 30 year fixed rate mortgage. I’ve been trying to do ...
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Hi,
The year began with mortgage rates continuing to register a slight increase. The average for 30-year fixed rate mortgage increased by two basis points closing at 6.29% whereas the increase for hybrid 5/1 adjustab...
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New investor with excellent credit...looking for financing recommendations in the Evansville, IN area.I have contacted one local bank based on RE Agent recommendation and they are saying they only do adjustable rate m...