Sherrie Wilson
Building an ADU.... cash-out refi OR am I missing something???
Building an ADU.... cash-out refi ???-----Just SOLD a Flip Property in April, long-story short my GC got me busted with the City and had to sink another $44k into the project so broke-even. -sigh. Ready for somethin...
Andy C.
Second home vs Investment loan. Which one better?
Hi all,
Second home Loan
Around 45% downpayment (to meet 50% DTI)6% apr1800/month mortgage (principle and interest)
Investment Loan
only 20% down7% apr2900/month mortgage (principle and interest)
Notes:
I can ...
Eric Traboulay
Pay off house early or Invest $$ in 7% fund?
Hi Everyone,I'm looking for some advice (Pros/Cons) whether I should invest my extra income into a savings vehicle that will essentially guarantee me a 7% return annually or if I should put the extra money to paying d...
Bobby Paquette
The Shred Method, who is doing it?
Just recently heard about the shred method from someone who is doing it, is anyone else doing it?? What are your thoughts?
Mark Hu
Are extra payments deducted directly from principal?
I've read that when you pay above your normal mortgage payment each month, the extra amount is deducted directly from principal. Is this true, and do all lending institutions follow this?
Kayla C.
Amortization Schedule and Calculations
Hello All!I'm in the process of buying my first piece of real estate, and I'm aware that an amortization schedule/ calculator helps me find out how many years I can shorten my mortgage by making extra payments on the ...
Victoria Radcliff
Over pay on a mortgage?
On your own personal mortgage (or rentals) do you may more that what is asked? I have all my friend that pay $100 or over the dollar amount required when their mortgage. Do you do this? If so, why? If not, why?Thanks ...
Brandon Upright
Question about extra fees when wholesaling
Hey BP!I have a question regarding all of the extra fees that come when wholesaling an unwanted house (Specifically in Edmonton, Alberta).Lets say I found a distressed house that needs some work and I have a fix &...
Matt Tennie
Thoughts on paying down your principle early
I Have a rental property that cash flows about 1700$ a month, is it smart to pay down the principle sooner (30 year fixed) with the extra cash, or save for buying more houses? or is there a best of both worlds, where...
Roberto Santana
Paying mortgage monthly or bi-weekly?
I've read that just by switching your mortgage payments from monthly or bi-monthly to bi-weekly you can save a ton on your interest over a 30 year period. This led me to researching the difference between bi-monthly a...