I'm currently in the process of closing on a 3 family investment property in Newark, NJ. I have a few mortgage companies willing to give us a load but we have to put down at least 25%. We have this amount but would ra...
Am looking for advice on down payment options other than the traditional 20%. We lost our business in 2018 and defaulted on an SBA loan. Although it was dismissed by the court we now appear on the governments CAIV...
The GF and I are looking to buy a house. She's already sold hers and plans to use the profits as down payment on a new house. After a few months, when I sell my current house, what would the best option be - Use the...
Hello,
My wife and I are looking to close on our first STR deal. My mortgage broker is telling me that with the current market, we are likely going to be required to put down 25-30 percent. Our financials are good, ...
I am looking at a 4 unit property for investment only meaning I am not going to live in it. I have called several lenders and they are all saying I need 25% down maybe I could do 20% but probably would require 25%. ...
Hey BP. I just wanted to share a little story for maybe some newbies to be aware of:I bought my current residence from a guy who had been living there for 20+ years. He had filed homestead, and thus his property value...
I'm about to close on my first rental property and I already have tenants so should I make double payments to pay the mortgage quicker or just let the tenants pay off my mortgage and save my money for other investments?
Hey everyone, question. If I have a rental property that got damaged by fire, and is going through the process with my insurance company, do I still make monthly mortage payments while its damaged? Do I resume payment...
Hi! Several times in the BP podcasts they talk about putting down a 3.5% down payment. When I run the numbers for a property and enter a 3.5% down payment it adds a mortgage insurance fee. They don't talk about mo...
Hello,I just wanted to know which is the most preferable way to make mortgage payments on a 30 year mortgage loan, biweekly or monthly? I am currently making biweekly payments on my 30 year loan and planning to refina...