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As i continue to build my portfolio, I have considered using a HELOC as a way to purchase another property. I am wondering what the pros and cons are. I currently own a VA financed multi-unit property. I want to purch...
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The Bank of Canada (BoC) announced Wednesday morning (2015.07.15) that they have lowered the overnight interest rate by 0.25% to 0.50%. The reasoning behind the move is the BoC has lowered its outlook for Canadian gro...
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I recently renovated and rented my first row house in Washington, DC. The deal performed well and I'm curious if ya'll think I made the right decision when it comes to HELOC vs. Cash Out Refinance. I'm new to the fina...
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Is it better to use a home equity line of credit on a home to get the money out or refinance out the money. Or is a HELOC a way to refinance out the money from a home. Is there another way to refinance out the money o...
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Hi,
I’ve been lurking/reading on the forum for a while and just decided to join. It’s been a really great resource, but it’s hard to get a handle on the current climate in lending.
My main question is the possibili...
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I’m planning on starting my investment career by house hacking probably a duplex. With the 2% rule, if I’m going to be living in one half of the building, should I look to achieve only 1% of value of the entire buildi...
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Hey Everyone! In the process of buying my first house & trying to make a house hack work in the Boston area.My question is pretty simple -- when I run analysis through the BP Calculator and I enter the Interest Ra...
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Hi all!I'm super new, so please forgive my ignorance. :)I'm looking to purchase a home (as my primary residence) using a HELOC in the 1st lien position (so I can draw off the equity as I pay it off), however I am fin...
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Im ready to make the plunge!First post, apologies if I ramble...Just came home after a year in the middle east trying to get a head a bit, after tax season we have a decent little egg in the bank, in addition to that ...
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Hello Everyone
I currently own my primary residence in Chicago in which I got the house for 175k and I currently owe a little under 120k. I have been in my home for eight years and I want to invest in another propert...