Chris Ono
10% Closing Cost in Memphis?
Hi everyone,
We're looking to purchase 2 turnkey properties from Memphis Invest, but the mortgage company that was recommended (not by them, but they work with them regularly) is charging 10.1% to purchase price in c...
Vishal Narula
Very New to investing - some info required !!!
Hello All ,Firstly , Happy new year to you all ..Very New to investing so have some basic questions and they may be silly but would like some inputs from you all so I get into investing in 2019 When investing out of s...
Joseph Widen
Bankruptcy and a very complicated Mortgage question
CONTEXT-(30k in credit card debt, split between 4 cards, mostly in charged off status)
(one vehicle loan that was charged off, is now caught up to current, not paid off, 50k original loan amount)
(some card companie...
Robert Molloy
FHA Loans, are they worth it?
Hi BP,
I ran across an article on FHA 3% down loans and some of the information had me second guessing them as a viable option for financing. This part in particular:
The cost of getting an FHA loan
F...
Jordan McDonald
House Hacking FHA loan
Hi everyone, my wife and I are looking to buy a quad/triplex and live in one of the units to qualify for the FHA loan. Our plan was to live there for a year, move out and buy a personal residence using another FHA loa...
Matthew Kirkwold
Conventional Loan Interest Rates and Fees
Hello I've been talking to three banks and I have been inquiring about potential interest rates I could get if I were to get prequalified with them for a conventional loan on my first investment property. I don't have...
Lina Vezzani-Katano
Is it worth doing a BRRRR with higher interest rate?
I found a house that needs maybe 20% more renovation needed to be able to rent it out, but the mortgage officer said that would require a renovation loan instead of a conventional loan because the state of the house i...
Jeremy England
buying costs excessive?
I'm calculating costs on a potential deal and got a loan estimate from a conventional lender. It seems the buying costs are way excessive to me. What do you think?loan amount: 80000Origination charges:3pct points: 2...
Eric L.
Are my closing costs high?
I'm purchasing my first (HUD) home for $107K and I read that closing costs are typically 2-5%. I've attached a copy of my GFE here. Please let me know your thoughts.
Mike B.
Points charged on Mortgages <$100K in St. Louis?
Good Afternoon All!I'm in my last steps to lock up financing (conventional) on my first investment property - final inspection was this morning and am discussing options with my lender. For those purchasing homes tha...