Matthew K.
Cash Out Refi or Credit Union HELOC
Hey Team, I have a 2nd in PA with approximately $275K in equity. I am approved for a 80% LTV HELOC, rate moved from 4% to 4.75% on 7/1 and will continue to move with the fed. I am also approved for a 75% LTV cash ou...
Reuben Mathews
First time buyer looking to avoid PMI
Hi everyone! This is my first post on BiggerPockets and I wanted to know whether there are certain lender programs that give deals for 1st time buyers to avoid PMI. Specifically, I would like to know if there are an...
Stepha L Lockwood
Comparing rates/terms for HELOC on primary before applying
Hi all! I’m a total newbie here and in the process of researching HELOC terms/rates from different banks for a line on my primary residence. I hope this isn’t a dumb question, but when comparing rates and terms for ...
Soup Nikk
Putting down less than 25% on rental property
Hello BP experts,I am just getting started with my real estate investing and I wanted to know if lenders would allow putting down less than 20-25% down on a rental single family home, knowing the following- The perso...
Rebecca B.
Newish Investor - DSCR loan options for a house hack duplex in San Antonio
I'm a newish investor, bought a duplex in San Antonio, TX to house hack last year. Major unexpected repairs meant we only had enough money to fix one unit in 2023, but I anticipate finishing renovations on the second ...
Hilary Hageman
Home Equity Loan as Down Payment?
Is it foolish to use a Home Equity Line of Credit as a down payment on an investment property? We have our primary residence payed off and have been approved for a line of credit on the house at 5.25% for 10 years. ...
Dan MacDuffie
30 year fixed 5/1 ARM
I am near closing on a house. My plan is to buy house and rent it for 675.00 per month for the next 24-36 months and then sell the house (I will not own it for more than 5 years and maybe even less than 3). The cost...
Dylan H.
Lenders for sub $100k properties in MD
Title says it all. Who should I check with in MD, specifically in and around Allegany county? I know Wells Fargo lends down to $20k but their rates are also much higher than most banks. I am a member at PenFed and hav...
Ankit Rathore
Points buydown vs principal reduction with seller's credit
Hi, I got around 19k seller's credit for a house of 775k. I have 2 offers from lenders:1. from private lender which allows me to buydown interest rate (I can do 1-1 buydown) and rest money will be used towards closing...
Steve Hiltabiddle
Seller financing as a buyer
Hi BP Community, Seeking some strategies/advice on how I, as a buyer, could structure a purchase with a seller who has a duplex free and clear to help reduce the appreciation taxes on the sale. This is an older owne...