Dan K.
What rate should I expect?
My husband is looking to purchase a property (owner-occupied) in Dallas, TX.He has an 800+ credit score, no credit issues. good reserves, and consistent W2 income without significant debts. He qualified for a $500,0...
Mike S.
Are These Interest Rates Especially High?
I’m grateful for any insights folks can provide on current interest rates for an investment property. Do the following rates (issued in the past few days) seem especially high:
For a single family rental home:
+200,...
Joseph Michael Sutton
Should I refinance for future investment?
Hey everyone! So I have a decent amount of equity in my current rental and I want some input as to whether or not it would be an intelligent decision to cash out refi in order to put a down payment on a new investment...
Miguel G.
0% APR Credit Cards with balance tranfer and checks
I am buying a few properties using different banks but I'm running short on cash for the downpayment. I should be able to pay off the downpayment in less than 12 months but I need the money now. What credit cards have...
Ira Boyd
searching for a loan
How much should one expect to pay in closing costs for a typical rental property loan right now. I am looking to borrow $225,000 with a conventional loan. I see these online sites with rates as low as 3.75% APR, bu...
Steve K.
Refi Duplex after 1 Year
I purchased a foreclosed Duplex more than a year ago for 120K. I occupy one portion as a Primary residence (55%), and other is rented out (45%). During purchase, I approached a handful of lenders for financing but eve...
Terone Johnson
Pre approval letter
Hi everyone,
I am looking to get some advice on getting a pre-approval letter for a property I am interested in buying but the realtor is requesting a pre-approval letter. I haven't even decided if I want to do har...
Daniella Steinberg
Proof of Funds Required for Viewing Properties
What are you using for proof of funds if requested to show just to view properties? No lending secured until specific property identified.
Rich Davis
Interest rate vs APR
So I went to my bank just to see what kind of rate I could qualify for and I got pre-approved at 4% interest rate and 4.35% APR. What's the difference between the two and is this a good rate? My credit score is 800-81...
James Palassis
Current Private Lending Rates
Private Lenders: I did some lending a couple years ago, usually getting a couple points and 10% interest. That was when inflation was 2% and conventional rates were 3-4%. Now planning to do some more lending (to local...