Sean Starkey
HELOC is killing me
Someone out there please give me some advice about the HELOC I took on my primary to buy my STR. It’s at a variable rate and just keeps rising. We owe 178k and the interest only payment is $1455 this month. We have on...
Clayton Silva
Hot Topic: Fed Cut Won't Do Much (Sept 2024)
It's still just over 3 weeks away, but questions are already ramping up regarding the impact of the Fed's rate cut on mortgage rates. Here is exactly what the rate cut itself will do: NOTHING!
The easiest way to und...
Nicholas Suazo
Effects? Fed Rate Cut 3-15-2020 (Coronavirus)
What does this mean for existing investors and potential newbies? Lower rates? Higher barrier to entry? Side effects? https://cheddar.com/media/fed-slashes-rates-to-near-zero-eases-bank-lending-rules I look forward to...
Spencer Elliott
When do adjustable HELOC rates go down?
I acquired a HELOC last year at 5% and it’s currently 10.5%. It was quick to increase, but wouldn’t it fall just the same? Looking online, responses say it adjusts every 6 weeks or so. it has never reduced so far. Is ...
Allison T.
Note fund return vs interest rate
Hi I am looking to invest in note fund, but have a general question on how interest rate might impact the future return of a similar note fund. Assuming the current note fund I am looking to invest has x% return and h...
Geetha R.
Charlotte Area Investing - funding, interest rates
Hi Everyone, Can you please recommend any investor friendly banks or lenders in the Charlotte area? Also, if you could, their typical interest rates/closing costs, and typical time to close? We are working with few op...
Chris G.
New American Funding vs Guaranteed Rate
Hey guys! Im trying to find a mortgage company I can start with and hopefully continue to use and build a relationship with. Ive read some of the reviews on BP of Guaranteed Rate and they seem to be positive. I have n...
Kevin Noesner
Inflation is a-coming. What’s your plan?
So with interest rates sure to rise and inflation well on the way, what’s your strategy? Pay down loans? Save up for the next drop? Just curious.
Personally I’ve tried to lock in interest rates as much as possibly a...
Sandra S.
Great explanation about what's happening in the mortgage industry
The Coronavirus Meltdown
The current Coronavirus crisis is having a critical impact on the Mortgage Industry, which could potentially make the 2008 financial crisis pale in comparison. The pressing issue centers ar...
Thomas Richter
Blanket Commercial Loan offered - Opinions?
Hi all,I'm looking for everyone's opinion on a commercial loan I have been approved for. I own 6 multi-family income properties, all financed with 30fix at average rate of 4.9%. All cashflow positive, about $5,000 mon...