Quynh-Chi Nguyen
Dropping PMI with a higher interest rate
HelloNeed some advice about dropping PMI ($140). Quicken Loan called me and told me that they can can pay for my PMI because of my 820 credit score but my interest rate will be .5 higher. (My balance is not getting do...
Trago WAllace
Refinance now or wait?
I have a couple turn key properties (in different states) that I have had for a few years. I am gearing up to start BRRRRing thanks to all that I have learned on BP podcasts and books (thanks!). I have been using po...
Vernon Bond
Rental Home Insurance - Baltimore MD??
Hello BP Family,I just purchased my first rental home last week and I am currently looking to switch my home insurance from geico to a more competitive priced company. Geico is charging me 120$/m on a $100k Single fam...
Ron K.
When might someone assume my Fannie Mae Small Balance Loan?
Hi all,I refinanced a multifamily in September of 2019 with a Fannie Mae Small Balance Loan. All along, it looked like the rate would be about 3.75%, but I was told I couldn't lock. Then right at closing, I was told,...
Dave Rodney
Refinancing advice for current mortgage
What is the likelihood that a bank would advise someone not to refinance and wait for the interest rates to decline? Does that sound suspicious?
Mick Murray
BRRRR still? Refi options in current market?
Looking to pull the trigger on my first purchase, and BRRRR appears to be the best strategy for our situation. But I'm running into roadblocks in terms of the financing on the back end and the numbers still making se...
Prashant Sharma
Conventional financing with an LLC?
Hello BP community,All of you experienced investors who own duplexes tri and quads, are you getting conventional financing (30 yr fixed) for your investments? If so do you form an llc and get the bank to finance an ll...
Derek Nemec
Rate check - Scenario provided
Hello there, feel free to comment below or send me a direct message with your information regarding rates, cost, and turnaround times. Here is the scenario:Property zip code: 77414Property information: SFH, rented at ...
Bailey Coleman
Hard Money Rates in Today's Market
What are rates looking like for a typically hard money loan today? 10-15% ???? How many points are they usually charging too? When I underwrite properties I have been assuming they are charging 15% for the hard mone...
Changrak Choi
Lender increasing origination charge one week prior to closing
Hi, I'm writing to seek advice on the issue I have with my lender prior to closing.I'm purchasing a duplex investment property in LA county, with closing on 1/24 (one week from now).I've locked the rate with the lende...