I have a mortgage of 30 years that was taken an year ago and paid 5% down initially. I want to pay down additional amount to remove PMI. What does that do for me? Does it reduce monthly payments or keep the monthly pa...

Hello BPers,I bought a 4-plex in Blue Springs, MO (15mi East of Kansas City) this time last year. I am looking to purchase another small multi family in the near future.I used an FHA loan to fund the first property an...

I have an odd situation and I'm hoping someone may know of a solution.I have a Townhome rental property that has FHA mortgage with a 2.625% rate and I was able to get the PMI removed through a fast track refi earlier ...

I am looking to purchase another rental and want to make sure I know where I stand with my refinance options after I rehab and rent it out from an initial cash purchase. There are the following questions I plan on ask...

If a multifamily owner sells a portfolio and then owns only a personal residence, but has cash from sale, will they be a less desirable borrower to lenders?  In other words, does owning an unencumbered cash-flowing RE...

Hi everyone,My wife and I are planning to purchase our first property here int he Decatur/Atlanta area.  We're wondering if we should obtain a mortgage from the outset or pay cash and then refinance.  The way I see it...

I'm currently in the process of refinancing a 2 family house which has two 4 bedroom 3 bath units in it.  There are a shortage of multifamily comps in my area and the comps that were used are all 2 bedroom 1 bath two ...

So I'm trying to figure out the best return from these two mortgage options. Option A is 15 years at 7.5% and Option B is 30 years at 8.0%. Assuming that your monthly cashflow can cover either option, which option lea...

Dear All, I know this must be a newbie question: how to qualify for a loan on a second or even 3rd property when your income is not great. A little back story here: My husband and I bought our first home, a $130,000 o...

I am up against my DTI ratio for a traditional mortgage and I have been looking in to the DSCR option and it from what I am seeing it looks like a decent way to continue to scale. Does anyone have insight on what the ...