Hello, A few years ago my father passed away and I inherited the house. I informed the mortgage bank as well as heloc bank and continued making payments. The mortgage now comes under the name "estate of xxxxx". The he...
Can a bank call your heloc?I’m worried if my home value decreases that they will call my heloc. Debating on taking it out and paying interest on it so that I secure the $ so I can invest it when the market drops a bit...
What are everyone's thoughts on a HELOC? I am not a big fan of leveraging my personal residence(up to about 90%) but the numbers come out better using a HELOC vs hard money. The profit in the flip would only be around...
So I bought my first house in 2018 for 282. I put 3% down. After buying house was worth 320k. At first I wasn't planning on investing until I realized the potential. Long story short the house was dated and I redid a...
Currently I have a LOC on my property... The value has gone up and I want to apply for a larger LOC, but I also want to refi to take advantage of the much lower interest rate (I don't want to take the cash out)... If ...
Full Disclosure. I am a noob. I have two properties right now mostly focusing on short term rentals/ vacation rentals. The first one I have stays booked and I clear roughly 1K to 1500/ per month from it. The other...
I have a paid off property I want to use as leverage to buy another. What do feel is the better leverage option?Cash out Refi- Locked rate, lower payments, higher fees & closing costs, can only draw cash once. vs-...
Purchase Price: $30kDown Payment: 20% or $6kMortgage Amount: $24kAPR: 5.5%Term: 15 yearsRepairs: $8kARV: $40k-ishRent: $700QUESTION: How much should I pay down this loan right off the bat with a 1.99% HELOC of $30k?I ...
I’ll be looking to refi cash out my current primary home, use it as a rental. I want to take that money for a DP on a new primary. This will be my first investment property. Would a lender be willing to work with some...
I bought my first property with a conventional loan. I no longer have a lump sum sitting around to put down 20% on a second investment property. I am looking into a home equity line of credit. I have read great th...