David Rosengaft
Second home mortgage vs investment property mortgage
Good afternoon everyone,I have a home that currently has a second home mortgage on it. We rent it on AirBnB and VRBO. With the real estate market going up, we have extra equity in the home now. If I were to refinan...
Samarth Patel
Investment mortgage rate vs commercial mortgage rate
Hi everyone,I have investment mortgage with credit union. I want to transfer my property under LLCBut credit union refuse to transfer it to LLC and they ask me to take commercial real estate loan for my rental propert...
Olivia Umoren
Mortgage Lenders or Mortgage Brokers in Boston
Hi Everyone,
I’m looking to speak with a mortgage lender or broker to talk about preparation for a mortgage approval. Do any of you have any suggestions of where/who to go to in Boston/Greater Boston? Specifically th...
Reaz H.
LTV % of prior mortgages vs. new mortgages
I've been looking through previous threads with regards to "second mortgage" but haven't found exactly what I am seeking so I thought I'd start asking. I would like to learn more about how lenders view the following s...
Eugene C.
20 year mortgage vs 30 year mortgage
Hello All,
I'm new to REI and I am busy negotiating my first deal at the moment. I'm starting small, so it's a single apartment unit, which I plan to rent out and hold indefinitely.
Whilst preparing my ...
Account Closed
Difficult CRE mortgages. Needed a mortgage broker.
Hi BP members,I’m looking for a tremendous experienced mortgage broker who’s worked with entities which don’t have US citizens as principals. I applied for non-recourse commercial mortgage loan to a few lenders. All o...
Dan Meier
Default on second mortgage, not first mortgage
Hello. Let's say a homeowner owns a house worth $200,000 and owes $150,000 on the first mortgage and $50,000 on the second mortgage.
If the homeowner defaults on the second mortgage but is current on the first mor...
Rob Riedler
Mortgage payment lost by the mortgage company
Hi everyone, my wife and I are new investors. We've owned our first investment property for only 3 months. We got a statement from our mortgage company showing our payment for the past month is overdue. On the phone, ...
Armando P.
30 Year Mortgage vs. 15 Year Mortgage
Hello Fellow BP member. I’m a licenced real eatate agent In NY, and new real estate investor. I have a question that might sound silly and easy to some, but as a newbie I want to make sure I do my homework and make th...
Andrew Spencer
Blanket Mortgage
as a first time home buyer, can I use a blanket mortgage to buy two condos ? If so is it then considered a construction loan?