Stats:3/2 w/176K mortgage$1,750 payment25 yrs. leftChuncking 12K annual via HELOCMy goal is to pay it off in 6 years.Should I recast my loan? What are the benefits/drawbacks?
I’m weighing options on whether or not I want to refinance my primary residence. I am in no rush necessarily to pay off my home, so we can leave the debt free vs not debate for another thread. I am also only interes...
Hello,I have a few rentals and need some input. I have one property that I bought last year for $475kCurrent value is $520kInterest rate 6.75%loan amount is $352,000 (I put 25% down when I bought it)Monthly P/I escrow...
My husband and I are preparing to do a 1031 for the first time. We're planning to sell a home in VA and purchase the replacement in DC. We are financing and plan to put down 20%, or hopefully more. Since the replaceme...
This is where the lender will lower the monthly P&I payment should the borrower wish to put more money down on the principle post closing.>> This is done without having to refinance and can be a good alterna...
2 part question.Have you (or would you) recast your personal mortgage? Were you happy you did? What didnt you like about it?If you did, do you view your PR as an asset or liability? Just want to run some mental exer...
Hello bigger pockets,I’m stuck at a turning point with my first rental property and don’t know what to do to further expand my portfolio. Back story on this property I purchased in 2015 as my first home. Property was ...