Hello, I am seeking advice as I am new to seller financing. I want to understand how to structure the finance terms.if for example the house is on the market for $200K1. how much do i ask for down payment2 going in...
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I understand that doing bi-weekly simply means you are doing 13 mortgage payments a year as opposed to 12. So you get one payment each year that goes straight to principal. I've read other threads on the topic and it ...
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I recently talked with a mortgage broker and me and my wife didn't qualify for a loan on an investment property. I'm honestly surprised, right now our only debt payment is a 857 mortgage, no car payment no student lo...
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I want to build equity with my primary home as soon as possible. And I came across a method using HELOC to reduce the interest paid to the mortgage. Does any one have experience with it?
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Hi all,I have two recent mortgages both at $175k principal and 6.625% fixed for 30 years. I want to accelerate the payoff by either paying $500 extra on each or $1000 extra per month on 1 only and keeping the regular ...
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I am looking at purchasing a property using Contract For Deed while the seller still has a mortgage on the property. This would be my first Contract for Deed transaction so I have been taking tips from others in my ar...
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I am currently in grad school working on my MBA, and have been paying tuition as I go as much as I can. If I am able to put my mortgage in forbearance just for 3 months, I will graduate completely debt free by allocat...
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Hot investment topic alert: Assumable mortgages and purchasing properties with one. An assumable mortgage is effectively a 'portable' loan. Instead of applying for a new mortgage the buyer takes over the sellers exist...
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Hey BP,Im looking to purchase a 2 Family home which I plan on residing in and renting out the other unit. I was going for an FHA loan with 3.5% down b/c i didn't want to tie up my money in this one property as I am p...