Hey BP,
I am talking to a portfolio lender to hep get my 2nd deal financed. Can you guys help me translate this info that he sent me??:
10% down
Interest Rate: 3.925%
Origination Fee: 0.25%
5/1 ARM
30 year amortiz...
Thinking of using Equity of my home to get started in the real estate realm. Thoughts about this? What should I look out for and stay away from? I am wanting to get started and I am wondering really what are the other...
Hi everyone,
My husband and I are attempting to refinance a property in Colorado and are running into trouble due to the increase in interest rates. We are considering renting out our current owner-occupied home to d...
There are several programs that offer buy-in educational programs that offer a financial method to pay your home/rental property mortgages faster by replacing your 1st mortgage (compound interest) with a 1st Lein HELO...
Hello all,As mortgage rates are rising, is it a good idea to use an arm loan for an investment property? Please advise.
Has anyone acquired property by assuming an adjustable rate loan? What are the potential pitfalls? Will the lender let you assume the loan if it's in default status assuming you pay the defaulted amount? Do you hav...
I come across a lot of investors that are buying property with notes that adjust in 5 to 7 years. They are currently borrowing in the low 4% range. My question for these investors is; have you evaluated what your...
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I have 2 condos in the san diego area that each have about 150-200k equity. One is rented long term and cash flow positive. The other will also be cash flow positive based off what current trends are showing in the ar...
Hi, I currently have rental property with mortgage 6.125% rate. I am considering to refinance it with home equity loan since I only have 3.5% rate on it. I assumed that it will give me good rate hopefully 4.5%. Will t...