Roy N.
BoC drops overnight rate to 0.50%
The Bank of Canada (BoC) announced Wednesday morning (2015.07.15) that they have lowered the overnight interest rate by 0.25% to 0.50%. The reasoning behind the move is the BoC has lowered its outlook for Canadian gro...
Josie W.
Home equity loan, heloc or new mortgage for 4th sfh
Hello, I currently have three SFH, the last one I paid fully with a loan on my home. I am searching for my 4th sfh or multifamily. Initially I wanted to get a mortgage on this next property, but after doing research, ...
Jimmy Rojas
On average what intrest rate and down paym am i looking at with a 630 experian score
Im a first time home buyer, no existing debt, self employed, bring in average $4k monthly, looking for a conventional fixed rate loan in PHX or surrounding areas.
Deepika Tandon
HELOC or mortgage
Hi BPI am stuck on a question. I have a rental property which is paid off and have equity. I am hoping to use that equity as a way to finance my deal. I am unable to decide if I should go for the line of credit or get...
Josh Wallin
HELOC or equity loan for down payment?
Is it a better option to use a HELOC or home equity loan to finance the down payment on your next property? What are the pros and cons of each?
Account Closed
Buying with VA loan, IRRRL, and Conventional in 3 months?
Hi, I'm an active duty military, separating soon, and new to real estate.Can you someone at my scenario and see if it would work out? Buy a house for $200K using VA loan with an interest rate of 4.2%.Live in it for 1 ...
Bryenne Korte
When should I start the refinance process?
Hello! My partner and I are actively looking for our first deal in West Michigan. We plan on refinancing my primary residence to finance the deal...the home is worth about 15-20% more than I purchased it for in 2013 a...
Luke Fernandez
Purchasing rental property with No Money Down
A local credit union has given me the opportunity to purchase a rental property with potentially no money up front, no down payment and no out of pocket for repairs needed. It would be a personal loan to offer and pur...
Ryan D
Truth in Equity - HELOCs
Does anyone have experience using a HELOC to pay off a mortgage early? I just bought my first property and had never heard of such a concept until I was recently listening to the Real Estate Guys Podcast. I've been li...
Ivaylo Asenov
Should I buy a duplex (50%) or keep investing
Hi everyone! Looking to get some feedback here:
About me
- 23 year old, work in USA but Canadian citizen, ~200K gross annual income, ~100K in savings.
I am thinking of buying a duplex in Montreal, Canada with my s...