Ethan Bennett
Math and interest rates
I was reviewing my payment statement from the mortgage company and have always been confused at the interest rate etc.
Right now it shows: Payment-$1350.55, interest-$937.17, Escrow-$78.55
We have a interest rate of...
Bob Mane
HELOC for paid off house
Is there a better instrument/rate to be had than getting a HELOC for my paid off house? I am seeing most HELOCs around 4.5 to 6% + fees.
Aaron Gordy
will increase in interest rates boost rental rates?
It seems that rents will likely increase substantially if interest rates increase. That means that less folks will be able to buy houses and will become renters putting more demand on rental properties. Thoughts? In A...
Dong Yan
with the skyrocket high interest rate shall I borrown HELOC ?
Hello Everyone,with the skyrocket high interest rate ,shall I borrow home equity line of credit or the convential mortgage to buy the investment property. The loan amount I need is really small about 250K which I have...
Patrick Smith
Thinking about getting a HELOC
I'm thinking about getting a HELOC to pay my mortgage off. I hear it can cut down on the time it would take to pay it down. Can anybody give me the pros and cons of doing this. I'm not sure about doing this and would ...
Kathleen DeNault-Ridge
Very VERY small commercial deal with seller financing
I am considering the purchase of a small commercial mixed-use property. It is a building with two current multi-year leases (post office, yoga studio...no history of lengthy vacancies), and a very small owner-occupie...
Alexandria Garreau
Interest rate increased on rental - I have a few options
So long story short, my interest rate has increased on my rental property and my mortgage payment went from $1220 a month to $1969. Tenants pay $2350/mo and after the rate increase, this no longer covers mortgage/taxe...
Ethan Griffel
Commerical vs secondary market
I'm curious on people's opinions between commerical loans with variable rates over 25 years vs conventional fixed rate mortgage over 30 years when looking at SFR and small (duplex/triplex) MFR. What are the pros/cons ...
Nolan M.
I need advise about a wrap around mortgage
I really need some advise here. I'm brand new and have found my first deal. Its a 4plex, seller is asking 150k and 20% down and offering to carry it at 4% for 30 years which would make my P&I about $575. It seems ...
Michael Braatz
First Accepted Offer
Hi all,My partners and I received an accepted offer on a rent ready, unoccupied, SFR in Milwaukee.My question is, at what point do we start advertising for tenants? Immediately? After inspection? After closing? Are ...