I owe a mortgage bal of $126k on a property worth $375k and have about 8 years to pay it off; rate is 3.37%.
I need to tap that equity to purchase other properties. The options I'm considering are:
1. HELOC at 75%...
It's been a while since I did a rate/term refinance for a SFR that we'll hold for investment. I spoke to someone today who specializes in BRRR refinance loans with a scenario where one of our controlled entities will...
Hello All, I'm in Texas and I'm looking to pull some equity out of a rental property. What type of loan should I be looking at?Home value $285k, rents for $3,000/mo. No mortgage on the property. Looking for $175k- ...
Hi, I'm in the process of deciding between two mortgage options for a loan amount of $180,000 with a 30-year fixed-rate term, and I’d love some insight from the community. Here are the details:**Option A:**
- R...
I just got a quote from a conventional lender for 7.75% with a 2.5 point buy down.When I asked what would be the rate without a point buy down, they said: " There are no par (rates with no point cost) rates for invest...
Hello Everyone, I am a newbie and about to make an offer this week on my first rental property (duplex)! I have a couple of options for financing that I would love to get some advice on. To keep it simple I basically ...
Hey BP fam,
Have a single family home I got under contract and planned on wholesaling. Nice property in Texas and the entry is 12k. The only issue is the interest rate is 7.125%. I’ve tried posting it in communities...
Should I do a HELOC that has a fixed low rate (5.875%) that doesnt have an option for interest only payments, or a Variable rate HELOC (prime 8%) that has an interest only payment option...i would like to use the fund...
I have a questionI have property I just acquired and renovated with a Fannie Mae loan. I’m looking to cash out refi, but I have to wait 12 months of seasoning before I can do that. Does that seasoning period apply if ...