If you are new to borrowing money to fund your investments here are some terms that mortgage brokers and lenders commonly throw around without any explanation. I did not list them in any particular order. If there a...
Hi everyone! I am planning on buying my first Multi family house this fall, did some due diligence and the numbers seemed to be working just fine. My plan is to house hack. I did some research on the top lenders in Ma...
this is my first investment purchase and I am wondering if the fees and interest rate sound reasonable? Or should I find another lender? I also heard that if you have too many inquiries into your credit, it negatively...
From my understanding, mortgages are considered riskier investments than most other loans because the borrowers can repay early with little to no extra cost. If I hold a 6% bond and the rate on new issues drops to 3%...
I am doing a refi on my house, and just recieved my paperwork from the new bank in the mail. I got a 4.75% 30 yr fixed on my house. I owe $352,000. I am going through the new GFE, and there are a few new fees that...
Has anyone had experience with a 100% LTV VA cash out refi? I have been considering an IRRRL on my primary residence to drop the rate on my VA Jumbo loan, but received a flyer in the mail today advertising 100% LTV ca...
Hello all! I'm getting ready to start flipping houses and I have a few newb questions for you all.I've been looking at using either a line of credit or a fix and flip loan. So far, I'm leaning more toward the fix and ...
Hi there,I am looking to buy a set of 3 duplexes (that are $125k each) Id like to buy either one or all of them, wondering if I buy 2 or three if I can roll them into one DSCR loan to save on all the fees. Also what q...
I have been offered to invest as LP in multifamily apartment deal.Underwriting is supposedly conservative and based on current cap rate (4.5%) and interest rate (7%) so if interest rates go down (which may as Fed has ...
Hi, my friend recently applied for a refinance for their single family home in California (primary residential mortgage). They were approved and now during the 3 day waiting period after closing documents were signed...