I purchased my first home in 2012 and have rented since 2016. I'm looking to refinance to take advantage of lower interest rates and pull some equity out for the downpayment of a second single family rental home via a...
Hello all. I have my first question to ask here on Bigger Pockets. I am sharing a response below from the company I have done my property financing though. I asked them about refinancing our condo that we are renti...
Just purchased my first rental property in AZ. Looking to refi the house in approximately 6 months. Want to try and lower my DTI before the refi. We have a auto loan that I am wanting to refi to lower the payment and ...
Hello BP! Quick question, if I buy a duplex for $40,000 and put down $10,000 what will my cash out refinance be or if I choose to do a HELOC. Duplex appraised at $72,000. Thank you for all who reply..
Is it better to do a cash out refinance with a higher interest rate if the lender will go up to 80% or lower interest rate if the lender will only go up to 70%? Roughly a 1 point difference.
I'm in middle of second rehab that I plan on renting out.i talked to my bank about refinancing out on the property once I finish rehab.There not refinancing investment properties, said I would have to find another ban...
Hey all, Just wanted some thoughts- I live in Philadelphia and am hoping to acquire a property in my LLC. As far as my exit strategy; it is for a buy and hold and am wondering which banks/credit unions do you guys rec...
When doing a cash out refinance at 75% on a home valued at $150k, you would walk away with $112,500 in cash AND your new mortgage on the property is also $112,500? Is this correct? I want to make sure I am understand ...
Hello - I have a question on whether or not it would be a good idea to refinance the property we live in. We bought a duplex last year with an assumable FHA loan at 3.625% for $208K. We currently owe about $201k. We p...
Hello everyone, my name is Joe and I am new to BiggerPockets. I hope you are doing well! My mother quit claimed her house to me this month. She has a mortgage on the house of around $30k, and the house is valued on...