Travis L.
15 or 30: Which way would you refinance your mortgage?
BP Community,I could really use some advice on the best course of action for my personal home.My wife and I are in the process of refinancing our house with the goal of obtaining a conventional loan and avoiding payin...
Thao Kieu
Property is Being Sold Subject to HUD Guidelines/Reserve Mortgage
Does anyone buy a property with Reserve Mortgage, would you please share with me any insight you have, this is what I found so far. Thank you very much.Property is Being Sold Subject to HUD Guidelines 24 CFR 206.125Th...
Jeff Pollack
Can ownership interest be converted to mortgage to avoid taxes?
Hi all, Here is my situation. Way back when my wife and I purchased our 1st house my in-laws helped with our down payment to reduce our mortgage. As such, my mother in law (father in law is deceased) now owns 17% if o...
Rich Hupper
Bought a Home with Cash now I need a mortgage
HelloI bought a home with cash for 92,000.00 and at this point I am all in for 140k The property appraises for 175k. I want to get a mortgage on it so I can pull 140k cash out and install a renter. Is this possible to...
William Hull
Mortgage apps for new home purchases jump to record high
There is some good news for home buyers and sellers alike. According to the Mortgage Bankers Association, mortgage applications have seen a pretty significant uptick. This is especially important when you consider the...
Account Closed
How to structure buying a property with mortgage + family loan?
Hi all,Would love a few different perspectives/advice on my situation.My grandparents passed away and left my mom, her sister, and her brother a fully paid off property recently appraised for $850,000. They would like...
Mike Girard
Philly investor, 200,000+ in liquid assets, can't get a mortgage
This has doubtlessly been covered all over the place, but most of the posts I've read on alternative financing apply to different situations than mine. Though my credit rating is good, I don't meet the income requirem...
Anthony Mellone jr
1st position mortgage who is responsible for any other debt
Hello All!
I am
Trying to learn how to buy a property through the auctions and I am wondering how it all works first before I assume and make a mistake. I was looking at a property to practice and I noticed the home...
Paul Sandhu
What's the average mortgage payment where your STR's are located?
Mine is $205. So about half of the properties with a mortgage would be below $205 a month.
Ryan Penne
VA loan 1 year minimum complication - military & mortgage help
Hi all, I'm currently in the Air Force reserves and qualify for a VA loan. I am looking at buying a multi-family property within the next 6 months with a VA or FHA. However, I may be switching into the Air National Gu...