Hersh M.
Mortgage rates back to all time lows, ARM, refinancing
So looks like with bond yields making all time lows, mortgage rates also continue to decline to record lows or very close to those levels. Not sure if its a good sign or bad. But my question is what are the pros and ...
Archie Minkowski
Seller (Owner) Financing - Couple Questions
We have a home in a desirable area and a couple of folks have asked if we'd consider owner financing, so we're considering it. We would obviously ask for a down payment, proof of income, and proof of insurance. We'...
Kenny Kim
Cash flow vs. Interest rate
Hello,
Currently I have $150 cash flow monthly from a rental property with interest rate 3.0%, and I would get >$400 cash flow if I do refinance (of course, higher interest rate for sure). What would you do? keep...
Tyrone Dennis
Refinancing an Investment Property
Hello BP,I am new to investing in real estate. I am hoping to get some input on refinancing: strategies, pros and cons, worse case scenarios and any other tips.I'm aware of the BRRR method. I have 1 rental.I haven't...
Adam Craig
five year fixed rate with a 20 year amortization and 20 year term
I am somewhat new to the commercial terms. My lender is offering a commercial loan at...4.25% with a five year fixed rate with a 20 year amortization and a 20 year term.Just to confirm, this means the loan can have th...
Manan Patel
Interest Rate on a Conventional Mortgage
Hi All - I am working with the lender to finalize the financing for a Duplex in WA state. After going through multiple options, the best deal available is 30 years fixed conventional 15% DP at 4.125% interest. I plan ...
Blake Cormier
Newbie Questions: Househacking analysis and "The Rules"
Hi Everyone,I'm a more-or-less total newbie when it comes to real estate. I'm looking to chart a course for the next year or so that involves buying a duplex or triplex and occupying one of the units while renting out...
Rob Wetzel
HELOC vs. Cash Out Refi
I recently renovated and rented my first row house in Washington, DC. The deal performed well and I'm curious if ya'll think I made the right decision when it comes to HELOC vs. Cash Out Refinance. I'm new to the fina...
Eric Piccione
Get a HELOC or Cash Out Refinance for a down payment?
Hey everyone, in the final stages of deciding which route makes the most financial sense.We live in Texas and currently House hack a property and are wanting to utilize the equity built up in this home to the next one...
Jody Tims
Using a HELOC to purchase a second home
Hi there,I owe 328k on a home in the hills Portland that recently appraised for 630k after a refi. Mortgage with tax and insurance is $1,760. I’d like to use a HELOC for a down on a home in a more suburban setting and...