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I have been working to consolidate all my mortgages to 1-2 lenders. I have found that as you scale it is a lot of work to pay Lender A, then Lender B, then Lender C, then Lender D...versus just paying Lender A and B e...
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When getting a loan, do you simply take whatever rate is lowest? Or are there other things you look at?
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Two years ago, I borrowed money from an investor which I used towards a down payment on a 20-unit apartment complex. Terms on the loan were:Amount: $100,000Rate: 8.0%Amortization: 25 yearsScheduled monthly payments ar...
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Hi there fellow Househackers,
I've been getting contacted by mortgage lenders left and right offering me to refinance down to a lower rate with them. When it comes to qualifying for a loan like verifying your income,...
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We just bought a single family house with an intention to move in, but our situation changed (kids daycare related) and now we want to rent out for a year and then move in. Has anybody been in this situation? Did you ...
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What are the risks to using HELOC's for down payments on investment properties?
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I am watching the market like a hawk to gauge the impact of higher mortagage rates. We are scratching on 5% for 30 year fixed, 5.25% if your credit is less than 740. Owner occupied.Yesterday one of my agents asked if ...
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Two major real estate policies president Trump is supporting - Negative rates - (trump directly tweeted today)- Fannie/Freddy restructuring - ( more of administration support)These are two MAJOR influences in the mark...
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Hello I am new to the Real Estate world and I want to ask if the interest rate raises if you pull a higher loan? I just need help because I am struggling on making my market portfolio and don’t know how interest work ...
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I was reviewing my payment statement from the mortgage company and have always been confused at the interest rate etc.
Right now it shows: Payment-$1350.55, interest-$937.17, Escrow-$78.55
We have a interest rate of...