Joe M.
What am I doing wrong? Cash out refi
Hi BPIve never done a cash out refi before, so not sure exactly the process or how to make it work. I get the concepts of it. It seems easy enough. I just got done talking to my bank and a bit surprised at what they...
Vy Mai
Confused with the estimated Total Monthly Payment
I've been trying to contact my lender but haven't gotten the answer. So I'm reaching out my BP members :)My questions is based on this estimation, is my monthly paymnet $1070.42 or will it be $1070.42 + $285.15= $1355...
Benjamin Giles
Best Refi lenders for low value properties
Has anyone had success finding a NATIONAL OR ONLINE lender who will refi 80% for low value properties $99k or less? Also, at a reasonable rate. I have not found a true refi rate for loan amounts below $100k.I am curre...
Ashish Khera
Can my C Corp lend money to my LLC
Hello All,Loooong time lurker - first time poster. Have learned a lot over the past year!I own a C corp with one other partner (my brother) - completely unrelated to real estate. Generally we zero out income from th...
Mit P.
What Fees/Commissions to expect from Commercial Mortgage Broker?
Hi BP! I have a Maryland commercial mortgage broker who will shop lenders for my financing needs. My rental property presently has one SBA, and one conventional (balloon). The idea is to re-finance for a better rate b...
Satya Y.
Cash Out Vs Rate Term Refinance
Hi Everyone,I'm currently in dilemma whether to do a cash-out refinance or a term loan refinance to close on a construction loan . Here are the details:
My current construction loan balance is $587KThe property va...
Kyle P.
Online lenders vs local lenders for conventional loans
Hey all,I am looking to buy and move into a 2nd property (my first SFH will be turned into a rental). I am looking at some local brokers/banks and can get around 4% for a 30 yr conventional 5% downpayment. I am seeing...
Nili Yosef
fixed vs variable loan rates
Hi guys,I'm new at this- What do you usually go with for commercial loans- a fixed rate or a variable (prime plus)?For example Wells Fargo offers fixed- 5.8%-6.62%, or variable prime plus so it comes out to- 5.22%-5.9...
Ryan McKay
Timing is everything (Interest rates and available re-fi options)
Hi folks!My wife and I closed on our first investment property this past October, a mere few weeks before interest rates hit that dreaded 7% number. We were supposed to close several weeks before we actually did, but ...
Paul Rasor
Henderson LV Rental Market
I am looking to get into the rental market in Henderson. Anyone with success stories?