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I'm under a contract to buy a fixer and the title company notified me the property has liens and the seller need to bring in additional funds around 20k to close it. The seller does not have the funds to cover the lie...
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When it comes to managing your mortgage, most homeowners are familiar with refinancing as a way to lower monthly payments or take advantage of better interest rates. But there’s another option that’s often overlooked:...
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Fannie Mae is coming out with new guidelines to allow 5% down payment on 2-4 unit multi-famiy (Owner-Occupied)...This is huge news at least for an area like San Diego where FHA (3.5% down) can't be used for 3 and 4 un...
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How do I calculate the net worth of an owner financed property?
I'm the party doing the owner financing.
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Is it as simple as as the borrower (obviously) you'd negotiate for interest later and as the note/mortgage holder the converse, interest first? Or is there more to these types of terms?
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In an effort to get this new forum started, I thought I'd start with a post that should be easy to discuss given some of you residential folks might have a commercial multi-family property or two or be looking for one...
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First, I am anticipating this scenario, it hasn't actually happened yet. I purchased a house 18 months ago with seller financing and theres a 24 month balloon. I have a buyer for the property now. Based on emails with...
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What happens to existing HELOC when u refinance? I'm thinking I should take advantage of the all time low rates but if I do will my HELOC have to be reapproved?
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I owe around $162,000 on my home but the value is now about $204,000. My credit score is in the high 500's, largely because I have all my credit cards at their maximum left over from Christmas, I just paid them down t...
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Hello all!
I love the BP community and all the wonderful help and knowledge that is here!
I’m currently being put on my parents feed.
Now, I want to get a loan to pay off their balance $45k, get a lower interest ra...