I love this forum and I can't say how much I appreciate the comments and sharing of knowledge.
My wife and I are getting close to starting our REI journey. We are pretty sure we know what we want to buy and where. ...
Hello BP community. Some background on the question first. I've recently closed on a beautiful second home on the beach using 10% down with a piggyback structure to get low rates, avoid PMI and increase return out per...
I am wondering if your currently have a HELOC with a bank and decide to go with a different HELOC from a different bank is that possible? Any penalties or drawbacks? Would they just payoff your original HELOC?
So, I cash out refi'ed my first property up to 80% at 3.75% fixed. I'm about to close a second mortgage to go up to 90% LTV and give me an additional $17,500 in cash out at 4.75%. I'm using all the money I get out o...
Offered HELOC at closing of mortgage. Prime (8.25) plus 1.99 which is terrible. Have a great FICO in the top 700's. Why does a major bank hand out such high rates when I see better rates at prime or prime - everywh...
A few years ago I took out a HELOC on my primary house to buy a rental property. The rental property ended up not cash flowing very well because the line of credit took up too much of the monthly cost. The rent was ...