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I was recently approved and received loan terms for a new construction SFR spec loan. I have experience with fix and flip but this is my first new construction project. The interest rate is 12.5%, which is understan...
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hi, i would like to know how a hard money loan works, they give me the money for the hose and also for the construction? and the down payment is on both? or the downpayment is only on the money for the house, and on...
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Hi,I bought a home on a commercial renovation loan structured as follows. Before construction, the home was appraised for $80,000, and after-complete the appraisal value is $120,000. The lender was supposed to disburs...
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I am waiting to lock a 30 year fixed until the rates come back down. What do the professionals out there think about a timeframe for the rates to come back to the 5.5% range.
Any help is much appreciated...
Thanks,...
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Hi there,
My husband and I are first-time landlords due to a property inheritance. The home we inherited does not currently have a mortgage on it.
We are looking at refinancing our primary residence, and I'm thinki...
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What is the best way to pull money out of a property that is completely paid for? Cash out refinance or home equity loan? Which one is more expensive long-term? Is there an option that I am missing?Thanks, Cajun
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Looking to get my first property in the coming months, and a HELOC is my best financing option. Looking for a little advice on how to choose a HELOC based on making payments.I can get a $70k LOC with a 95% LTV heloc f...
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My bank is offering 5.5% amortized over 15 years to tap equity in rentals I already own, for example.
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If you had equity in your rentals and wanted to leverage that to purchase new rentals, given today's market, would you do HELOC or cash out refi for down payment on new properties?
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Hi guys, Ive just heard of the rule of 72 when it comes to borrowing money from lenders. But when i applied this calculation to my property, I realized i will be losing out more money. For example, If I lend 75k and r...