Amanda Felton
Please Help Analyze This Potential Rental
Hello,
I need help analyzing this deal. I am looking into financing a foreclosure for $18,000. I estimate it needs $15,000 of work and I would like to use a 203K loan (3% down). Comps in the neighborhood have recently...
Brian Acosta
Waive Tax/Insurance Escrow to Lower DTI?
Looking at how to improve my DTI for next purchase and noticed that the mortgage payment on my credit report includes full escrow (taxes/insurance) which is significant at $1,200. Since its on my credit report it will...
Mark Forest
Can lender demand payment
I want to refinance my mortgage of several years, but now I have retired. Now that I am no longer earning W-2 income can my lender demand payment? I doubt it, but it's a good idea to ask since I will be contacting th...
Jackie Bodine
Shred method to pay off home mortgage
Has anyone bought and used the Shred method software to pay off home mortgage quickly? How was your experience with it?
James Coleman
House Hacking question
Hello, im new on bigger pockets and interested in using the house hacking strategy to break into real estate investing. What percentage of monthly mortgage payment needs to be covered to be a smart move?
Yves Bourdeau
How to get out of mortgage insurance after the mortgage started
Hi,If I didn't have enough down payment to cover 20% of my mortgage, I obviously had to add mortgage insurance to my total loan. When I'm able to accumulate more savings, other than refinancing my mortgage and costin...
Matt Tallent
How to split mortgage in QUIKBOOKS
Hey all,I have an accountant but I like to throw my general questions in here. I do my Quikbooks and just send to my accountant during tax season. I still have to split up all the payments for the mortgage in 2018. It...
Robert Carpenter
PITI payments
In a PITI payment are all four portions normally paid as a lump sum to the mortgage company which then sends the accumulated insurance payments to the insurance company once a year and the accumulated tax payment in ...
Ceasar Abreu
Best option to pull out equity from home?
Hey Everyone,
I bought my first 3 Family Home (Multi Family) back in December of 2021 in RI. Took me just about 2 years to finish renovating the 3rd and 2nd floor. I did all the work myself pretty much which is why i...
Hannah Costello
Fair percentage for partner taking on mortgage vs downpayment
What is a fair percentage to give to a partner taking on the mortgage but not putting in money for a down payment? Would profits be 50/50? Or less on the partner's end providing the mortgage?
If that same partner de...