A couple credit unions I checked out require 6 months reserve payments on a investment mortgage.Will they require the same on a refinance?I hope that's not a silly questions!!
I was told today you can only have 4 mortgage loans in a person's name? Is this correct? Income and credit meet conv guidelines.
My name is Richard Pennington I am in the Raleigh North Carolina area seeking any advice on using an FHA loan or conventional loan for my first investment property. My best rule of thumb is to have 20k for every 100,...
TSP is the Feds 401K. I have been considering taking a loan out to purchase a rental property free and clear. The problem is loan repayment term is 5 years, which pretty much kills any cash flow. The interest rate is ...
Hello all! I am looking to purchase my first rental property. I am currently in the looking a deal stage and have found a few perspective properties that I think will work. My question is this. I am looking to use my...
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $187,000
Cash invested: $14,000
Sale price: $187,000
3/2 SFH. Acted as primary residence until 10/1/2022. Curre...
I have three rentals with a mortgage payments, plus my own primary residence. I have another property free and clear. I have four months worth of reserves for mortgages. BUT I fully expect to be lay off from my job. T...
Hello!I have a question when it comes to finance and primary residence. Can I keep my current mortgage obligation (FHA, 30 yr) for my primary residence IF I decide to move to a new house and rent my primary out? Keep ...
Which choice is more beneficial? HELOC or Primary Residence Refinance and why?
Hello All,
I'm new to BP, and I look forward to meeting many of you! I could use some help to figure out my next steps in this journey to be as successful as you all.
My journey started last year, April 2021 when ...