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 ...
Chase Brelsford
First investment property advice needed
I've purchased a second home (investment property). The current rate for 15 year mortgage they're offering me is 3.875, with 20% down on a 70,000 home. The closing costs are 3,000 which is to high i think. Are the clo...
Horacio Gutierrez
When to refinance to use equity fod down payment
Hello,
How much should the intetest rate drop to consider refinance to use equity for another home and where the rent can still pay the previuos mortgage, should it be a 1% or 2% drop?
Thanks,
Ken Badziak
PMI for 5 years?
Ok, so here's the situation. While flying a transcon from Baaaaahston to Sin City, I found myself having a discussion with the other cockpit monkey about his house, which he owns down in the Ft Meyers area. He bought ...
Michael Ilizaliturri
When is it time to buy?
I have been sitting on the sidelines for a few months now, and have never purchased a rental property. I have been waiting for a pull back, or for the markets to cool off. It seems to me at least, that price drops hav...
Calvin Ozanick
Timing for Property Purchases
Do any of you feel that waiting until the market starts to come down is a much more effective approach for those looking to purchase their first deal? Or would you recommend that now is still a good time to get started.
Adah N.
Should We Expect Lower Rehab Costs?
Now that interest rates have spiked, home prices are dropping, uncertainty abounds and I am assuming flip profits are decreasing, does it mean lower rehab costs? Does "houses are no longer flying off shelves like hot...
Brian Plajer
Fear of higher interest rates
Hi All,
Is it correct to think these historically low interest rates will rise and the current crazy home values will fall due to higher rates? I'm sure others are factoring in these scenarios into their decisions...
Nicholas Salvia
Scorched Earth. Is the market going BUST?
hey allWondering what everyone thinks about the market going bust when the Fed EVENTUALLY and INEVITABLY hikes the rate. Id love to hear from some professionals who have been in the business for a while. Do you see ...
Zack Pirulli
FHA Streamline vs Conventional Refi
Hey Everyone,I bought a 2 family rental with and FHA loan about 1.5 years ago. During that time I've completed a significant amount of work to the home (converted attic to extra living space adding about 900 sqft, an ...