Frederic M Kinkin
Refinance Decision - Need Advice
I have a Rental currently with $95k left on a 15yr VA mortgage at 3.00%, 8 years remaining until it is paid off in full. I was quoted 2.375% for a 15yr and closing costs would be ~$1750.
Cash flow would increase by ...
Spencer Vickers
Refinance — USDA to Conventional
I have a client that wants to rent out their home and purchase a new home. Here are the details:Current residence that they want to rent out is on a USDA loan @ 3.75%. They have lived in the property for 15 months. Th...
Alexander Lee
100% Cash out refinance
Hey everyone,I've been following Bigger Pockets for about 4 months and it's been awesome so far, Love the hustle all over the country.I recently purchased a home as a rental under market value from a friend of a famil...
Mike Jerez
Refinance issue on mortgage
Hello everyone I need some advice on how I can refinance my current mortgage. My current mortgage payments is about 4700 with taxes and insurance included, I currently have 455,000 left on the mortgage and the home is...
Luke Mccandless
BRRRR refinance help needed!
I bought a property in cash and did renovations. I am currently living in the property but would like to convert to a rental or sell asap.
I have been working with a lender to do a cash out but the appraisal came in ...
Eric Tate
Refinance options during Covid
Hi everyone,I am curious if Covid has created any new restrictions for cash out refinance options or equity lines in California. I’m particularly interested in seasoning requirements and LTV limits. My understanding...
Mark Brennan
Cash Purchase and Refinance
Good Afternoon Everyone! Newbie here looking to purchase my first rental property. Instead of purchasing a property with a traditional mortgage, I was thinking of offering cash to try and get the purchase price lowe...
Kate Gomes
BRRR Cash Out Refinance
Good morning everyone! I recently learned that it's harder to get a cash out refinance loan when your property is being held in an LLC. Do you know what type of banks/lenders to look for who will do this? And what a i...
David Wicks
BRRRR Refinance Pre Approval
I am located in San Antonio Texas. And I’m having a hard time getting in contact with lenders who will give a preapproval for a cash out refinance. I want to be ready to go with a hard money lender and one of the requ...
Dominique Mitchell
FHA 203K loan Refinance
Hello Bigger Pockets family. I am a new investor and I have a question about refinancing out of a 203k loan.
I am looking to acquire a single family property and make it a rental. If I go with the FHA 203k loan,I kn...