I am looking to obtain pre-approval so I can start really searching for my first deal. However, as I am a student with an inconsistent employment situation, I expect this will present a challenge. I am looking for a l...
Hi Guys, I was wondering what your thoughts are on "buying down the rate" vs keeping it slightly higher. My growing family is in a condo currently at 3.875%, refinancing us to 2.75% is in process. To "buy down the r...
Anyone taking advantage of these rates and refinancing? My current rate on my FA is 3.75% but im paying $223.51 MIP.My lender's current rate on conventional loans is 3.25%. If I refinanced my rate would go down 50 bas...
I am looking to finance my second property and looking to put a down payment of less than 20%. Anyone know of any good banks in southern Maine that lend with less than 20% down? Thanks!
I want to make sure I'm understanding this correctly.I bought a duplex at 175k, have 160k left for payoff, and did lots of updates so the estimated worth is over 200k. This would give me 20% equity and allow me to loo...
Hey BP Family there's a deal I'm working on that I want to run by you guys. I don't think it makes sense from a cash flow perspective but wanted to get your view.Single Family House in the Metro Atlanta Area$59,000 (T...
Hello, I was hoping to gain some knowledge as to refinancing a home. Would it be better to do a cash out refinance now and hold the equity of my home in case of a market collapse? I’m new to BP and was looking for so...
Are you tired of hearing about how you need to put down 20% on a house to avoid pesky Private Mortgage Insurance (PMI)? Yeah, me too. I mean, who has that kind of cash just lying around these days?
But here's the t...
In March of 2016, I used my VA Loan to close on a 3bd/3ba townhouse in Tallahassee, FL for $59,247 at 3% interest. I only put $1000 down as an earnest deposit and paid $800 for 2 separate inspections. I did not have t...
I close tomorrow on my first AZ rental, yay! I bought a SFR in Scottsdale from a wholesaler at $399k and used a hard money lender to lock it up at 9.9% with $60k down. Rehab costs will be out of pocket. My plan is to ...