Varun Parkash
10/1 ARM better than 30 yr FHA? 550k & 315k property
Guys, I have a 30 year - 3.75% fixed rate loan on 550k property that I am thinking of refinancing it into a 10 year ARM. Currently the loan has completed 2 years. Property is now an investment property for which the o...
Shaun Sullivan
DTI for rental property when primary residence loan is 5/1 ARM
I know when calculating DTI for a 5/1 ARM loan on a primary residence, they add 2% to the rate. When trying to get a subsequent loan for a rental property, would they just use the actual PITI from the primary home lo...
Laura Levine
Need advice for refinancing out of a 5/1 ARM in NJ
Good morning! My husband and I bought a fixer upper duplex in 8/14 with a 5% down FHA 5/1ARM at 3.75% (we are living in one unit). We did a massive reno on it and should now have the 20% equity needed to refinance a...
Mike L.
Help: Another 30 year fixed vs 10/1 ARM choice to be made
So I've got a choice on a $850k purchase price, 20% down place.
Buy and hold, going to live for 5-6 years, eventual rental.
What would you guys do? 10/1 ARM at 2.375% with about $1k in lender credits?
30 yea...
Mike L.
Help: Another 30 year fixed vs 10/1 ARM choice to be made
So I've got a choice on a $850k purchase price, 20% down place.
Buy and hold, going to live for 5-6 years, eventual rental.
What would you guys do? 10/1 ARM at 2.375% with about $1k in lender credits?
30 yea...
Varun Parkash
10/1 ARM 248K Loan - 2.8 Interest Rate Possible? 800+ FICO in GA
Hello,I am closing in on an SFR in summers and want to check if anyone is offering 2.8 Interest Rate on a 10/1 ARM loan in Georgia State.Purchase Price: 315K - Brand New PropertyDown: 20%Loan Amount: 248KFICO: 800+Deb...
Greg R.
HELOC 5/5 ARM - too good to be true? What am I missing?
Hi all - I'm looking to pull a HELOC to finance first property / properties out of state (I'm in Cali). Have about $400k in equity in home and considering starting with $100-200k HELOC to have funds available, and to ...
James Wise
Why do people Buy Property in California
Do people still buy property in California for any reason other than the weather? Seems like everything else about California sucks. High taxes. Soft on crime. People just stealing whatever and whenever they want. Hom...
Bryan Hancock
Are Realtors Worth The Commission Anymore?
Given that there is such a liquid market of buyers online I was wondering what people's thoughts are on the commission paid to Realtors. A 6% commission has always seemed scandalously high to me given the typical amo...
Ben Leybovich
Don't Buy $30,000 pigs in Ohio (or Mid-West)
It's not talking this time, though, if you've been paying attention, you know that I've been preaching this message for years... Here's an email from this morning names and locations edited out):Hey Ben - Really enjo...