Brie Schmidt
HELOC payoff strategy
Twice recently people have told me of this new strategy to use a HELOC to pay off your mortgage faster. You essentially take out a HELOC to pay off your first lien, and then use that account to direct deposit your pa...
John White
Any Thoughts On 30 versus 15 Year Amortization?
Good Morning All...I signed contract to purchase my first rental property. It's a townhouse (i.e. two floors on each side) style duplex, and is the only multi family property in this neighborhood (the entre town is ...
Stefanie Bergmann
pay more principal or take more cash flow?
I just made my first mortgage payment and am having some serious sticker shock when looking at the interest.why is it almost all interest? I cash flow very well on this, so could definitely afford to pay more towards ...
Account Closed
Loan Servicing Question: Skipping a payment during a refinance
Hello all,I am in the middle of a refinance right now. For reference, I usually pay my mortgage on the first and was planning to make my payment per usual on May 1st.Since I am scheduled to close on May 7th and I tec...
Monique Morrow
Seeking advice on a pre-foreclosure for my first deal.
Hi, I live in Oklahoma City, OK and have been interested in property investment for a while. I am new to this and currently looking for my first deal with no money down. I have a neighbor who advised me she is behind ...
Deanthony Quarles
Loan and job advice needed
Hi everyone. Let me start off by stating my current situation: my current position at my company is stressful so I’m looking to move to a less expensive city so I can switch careers to something I’m more passionate a...
Jeff B.
P/E ratios vs Cap Rates as metrics
Stocks are measured using a Price / Earnings ratio (ref: http://www.investopedia.com/university/peratio/peratio1.asp) Although a simple indicator to calculate, the P/E is actually quite difficult to interpret....
Jarrod Williams
Subject to Example Discussion
Hey guys. Trying to iron our the details of "subject to mortgage" deals and finding little examples out there that actually walk through the numbers. So I made up a real example from my current market and I'd love t...
Brian Crutchfield
Circumventing DTI Requirements
Hi all. I posted this question in another post, but it seems I kind of "buried the lead" in a long post with details on my current situation, and no one felt like reading all the way to the end!Quick background:My wif...
Alex Hamilton
Seeking Advice on Sales Subject to Existing Mortgage in Louisiana
I'm accused of not paying the mortgage for a home I was renting out. Whenactually the home was sold to to the plaintiff in this matter on a "Subject tothe Existing Mortgage" transaction. The plaintiff missed a...