Shefali R.
Choose: Larger Loan at Higher Rate or Smaller Loan at Lower Rate
Hi - Financing experts, need help choosing between two loan options on the table. 1. Bank A is offering $400k for Prime + 1% (small local bank) 2. Bank B is offering $435k for Prime +1.75% (large national bank)All oth...
Glenn Driban
How to make money with cap rate lower than current interest rate.
I live in a market with typical cap rates < 3%. Given current 6% plus interest rates and need to secure financing on any property I would purchase, how is it possible to make money? In the case I've described, the ...
Craig Desnoyers
PMI with a lower interest rate or no PMI and a higher rate
Hey everyone, This week I signed my first contrast for a duplex and went to two different lenders in my area for pre-approvals. My question is which loan is better in the long run. I am purchasing the property at 125k...
Steve Babiak
Household Formation in a Recession - lower homeownership rates plus increased rental vacancy rates
There have been a number of threads started on BP that talk about the housing market collapse not leading to increased occupancy in rentals. Here is a link to a study on this topic that shows that homeownership is do...
Jack Pyle
The Fed lowered Rates by 1/2%!! Why aren't mortgage rates coming down.
Many people tend to think that the Federal Funds rate controls interest rates. The Federal Funds Rate is the overnight lending rate that Federal Reserve Banks charge each other for overnight lending. (We individual ...
Christopher Brown
HELOC - Choose lower short term or long term rate
I'll start off by saying I'm a newbie. I love BP!My wife and I are looking to fund our first deal. We have ~25K cash and $75K in equity in our house and we are looking to use a HELOC for down payment and/or rehab f...
George P.
Shopping for lower rate once locked with a bank
If I find a lower interest rate/better terms with bank B after I lock the interest rate with bank A, can I go to closing with bank B or am I obligated to do it with bank A ?
Thanks
Jerry Fung
Cap Rates for Large Apartment Complex are Lower. Why?
I am a new investor in New Haven, CT. I notice the cap rate for large apartment buildings (50+ units) tend to price at much lower cap rates than smaller apartment buildings (4-10 units). I'm referring to cap rates i...
Tonghong Chen
[Noob Question] How to compare lenders, lower rate = better?
Hey guys, I am planning to make my 1st rental property investment in Spring, Texas. However, I have 0 experience with mortgages, and curious to learn what are the caveats ("things that could break") when dealing with ...
Yogesh M sayanakar
Trade price for seller incentives and lower interest rate?
Hello I have a simple question- there was a property that went pending for $450 and came back in the market - so my offer price $415k @ 5%/30year fixed interest with 25% down, here the builder is giving 20k towards c...