Michael Palmer
Reasonable Construction Loan Terms
I'm working on obtaining a construction loan and I was wondering if anyone knew if these were relatively decent loan terms. $346,000 loan amount. 75% ARV. 3pts to the lender. $3K to escrow/title. $84K cash to clo...
James Zhang
Delayed Financing on a triplex in Ohio
All,I was wondering if anyone could recommend a good mortgage lender who is willing to lend more than 65% of the appraised or purchase price for a triplex in Ohio. This would be a delayed financing. I am purchasing ...
Robert Gregory
Can repair costs be taken off the sales price?
Hi,I currently have a rental property under contract that I'm selling. We decided to offer cash instead of doing the repairs that came up in the home inspection report. Instead of giving the buyer a check at closing w...
Curtis Robbins
Refinance Quotes - What Interest Rates Are You Seeing
Curious if anyone has tried getting a refinance lately. Interested if anyone is getting any good quotes below 3.5% and who through.
James Denon
Cash-out refinance interest rates too high!
I need some help. I am getting ready to cash out refinance a property I bought all cash back in June 2017 in Springfield, Massachusetts.I got couple of quotes. All of them are in the low 5 to mid 5's with couple of th...
Sergio Moreno
Refinance to a conventional loan
I bought my home about 60 days ago a 250k FHA loan at 5.0 interest rate but didn't like that i have to pay 171 dlls every month for mortgage insurance. I'm planning on refinancing to a conventional loan. Do you think...
Eugene Raghavan
Question : Home valuation in decision making process
Hi,
I am in for a single family investment property and have a unique situation. I would appreciate some guidance/help for enabling my decision. I have 2 properties that I am evaluating and the situation is as follow...
Amy Ranae
How do you know if/when you should refi
Hey BP. My first rental is going great, all rented out and cash flowing like $650ish/mo. I've got about 65k equity in it. I've never done a cash out refi before, I think I grasp the basics, but is it worth it to just ...
Joe Coyne
Cash Out Refinance - Need Advice
Hello all at BP,I have a duplex that I am currently living in half. I purchased three years ago at $130k and, at the time, I thought a 15 year was the answer - lower total cost at an unheard of 2.75 rate is what reso...
Cris Johannsen
HELOC versus cash out refi?
Hello all,Looking for ways to use the equity I have in properties I own and have as rentals. I am refinancing out of hard money loans anyway and my income from the rentals with the lower interest rates will cover the ...