Chris Montes
What do I need to know before refinancing?
Anyone taking advantage of these rates and refinancing? My current rate on my FA is 3.75% but im paying $223.51 MIP.My lender's current rate on conventional loans is 3.25%. If I refinanced my rate would go down 50 bas...
Eugenia K.
Is PMI a better choice in a low interest rate environment?
I've been looking at investing in my first small multifamily property with 20% down, but recently started exploring putting 15% down in order to hold on to more cash (to invest in my next property) and pay the PMI (or...
Tim OConnor
Owner Occupied 4 Unit Apartment Complex - Financing?? Help!
Hi everyone,I have found a 4 unit apartment complex that is in a desirable neighborhood and passes th 50% and 2% rule. My question: Can I finance this using FHA (3.5% DP) and get a 30 year fixed interest rate? I know ...
Brian Scott
PMI cancelation question
Hello everyone,
My wife and I own a mutli-family home and purchased it in February 2022 for 495,000. We put 5% down using an FHA loan and currently have an outstanding balance of 450,063.
We have a PMI payment of ab...
Juan Rosado
Please help me analyze this deal
Greetings everyone.Currently I am analyzing multiple Duplex properties in the Dallas Fort Worth (DFW) area to buy my first deal via FHA loan and house hack it the first year. I have analyzed over 25 deals using the 50...
Ken Badziak
PMI for 5 years?
Ok, so here's the situation. While flying a transcon from Baaaaahston to Sin City, I found myself having a discussion with the other cockpit monkey about his house, which he owns down in the Ft Meyers area. He bought ...
Jeff White
Refi out of my FHA 4 unit property?
I own a 4 unit property in Denver that I financed with FHA financing about 2 years ago for 630K with a 3.75% interest rate back in Aug 2017. My mortgage payment is $3,481.77 with about $400 of that going to MIP, and ...
Wendy N.
Refinance 30-year FHA loan to Portfolio loan?
Hello BiggerPockets! Long-time reader, first time poster. I accepted Brandon’s 90-day challenge and closed on my first owner-occupied 4-unit property earlier this month and I’m moving in this weekend. We decided to ho...
Account Closed
Investing with FHA loan
I'm looking to buy my first house to use as rental property. I was told by FHA that I could still get a FHA loan, paying 20% down to use as investment property. Is that a good idea?
My plan is to buy a fixer-upper, ...
Jill Herges
LLC Refinance
Typically will a bank refinance a property held in a LLC? I know it is difficult to get a conventional mortgage for a LLC, but if I buy a property with cash in my LLC, will I be able to refinance the loan and pull my ...