I purchased a multi-family home at the end of 2011 using a FHA Mortgage. I paid $165,000 at the time and put 3.5% down and am currently living in one of the units. After some improvements that I’ve made and general...
I am about to purchase a SFHR for about $35,000. I have spoken with my bank and I will be able to immediatly refinance (since im commercial and not personal loan). I will in turn use this money which will probably ...
http://www.investopedia.com/articles/pf/07/refinancing_mortgage.asp#axzz2H8V7K2FB
I built an amortization table to corroborate his "net worth" numbers but there are 2 conceptual issues I need further elaboration on.
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Hello everyone!I purchased $186,000-SFH in Virginia using private lender a month ago. I have to pay the payable amount plus interest back in 3 months. Right now, I have been rehabbing the property. ARV is $400K. I wan...
I currently have my own residence with a 5.25% fixed interest rate with excellent credit that I have lived in for 2 years. I am planning on living in the home for another 3-4 years.
I looked into refinancing my lo...
We financed the purchase of a home for our daughter. We are agreeable to refinancing the loan at a lower rate. The original mortgage was secured with a promissory note and a mortgage document filed with county. Can...
A good friend of mine is trying to refinance a non-warrantable condo he owns in Davis, CA. Of course, it's an investment so he doesn't live in it. His loan broker is having trouble finding anyone willing to refinanc...
I’m trying to refinance a fourplex but cannot find a bank that will do a refi on a multi family right now, any recommendations? My LTV is less than 50%. Thanks.
Lining up my first BRRRR in Maricopa, Arizona. I want to be sure everything is in place. Does anyone have a bank/lender in the Phoenix area they recommend I go through to complete the refinance?
Please.. Someone help me. I am so tired of all of this legal nonsense, paperwork, questions. None of this is getting me closer to a deal and I feel like I'm going to pass out. I am looking to buy a small multifamily i...