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Hello guys.. so I have a quick question. Your help and guidance is greatly appreciated. SO... I am looking at doing a new construction loan. I have 3 options. 1. Freddie Mac, 10% down 90% loan. and i can pay 2.00% (5,...
I have a 3% variable rate on a home that I that I used to live in and now rent out. Non-owner occupied and the equity is about equal to the mortgage since I took out a 2nd on it long time ago, I've been considering a ...
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Which is better ? 7/1 ARM or 30 year mortgage loan option when you buy a home ?
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When mortgaging or refinancing property, there are three types of mortgage options that you can choose from. These are the three basic mortgage options:
1. Fixed Rate Mortgages
2. Adjustable Rate Mortgages
3. Balloon ...
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I’m purchasing a fully renovated, vacant 3-unit multiplex in Hartford, CT, for $450K. The anticipated rent per unit is $1,700-$1,900, annual rent 68,400
I’ve been quoted a 7.125% rate on a 30-year fixed mortgage from...
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Hi,I am currently house hacking a duplex in a small town that I have been in for 2 months with plans to refinance out of an FHA in a year depending on rates after I finish renovations however when I bought it the clos...
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Here's a great blog post that I thought everyone should check out:
http://www.themortgagereports.com/2008/09/theres-only-an.html
It analyzes the number of rate sheets issued per mo...
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My mortgage broker was offering to lock the current rate (investment, 6.4%, no point) for 6 months, at the cost of 0.5% of the mortgage amount. I am thinking about whether I should take that bet or not - say I pay 2k ...
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To all the real estate experts out there i need a simple answer that is driving me crazy. Doing research says it is optimal to buy at high cap and sell at low cap. I cant see it, but know it is true.400k purchase pric...
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Today's market is a hot one! from coast to cast real estate seems to be performing well overall, in a competitive market I would like to hear everyone's opinion on what they consider to be good cap rates/ROIs and spec...