I am closing a seller financing deal but am confused with how monthly payments are split up between principal and interest. How do I determine how much principal is owed at the 10 year mark for the balloon payment? I ...
I know I'll get "beat up" here on BP for even suggesting paying everything off :) but I'm at the point where I'm ready to stop scaling (for now) and have everything paid off.I'm really struggling to find an Avalanche ...
My first post and excited to be here!I'm buying a half commercial have residential property in South New Jersey. The bank will only let me get a commercial loan, which means I can only do a 5, 7 or 10 year arm. i'd l...
I recently built a house and with the loan it was for 300K for 30 years . I have heard of you make one extra payment per year to principal it would cut down your loan to about 18 years. My question is does anyone know...
I am looking at purchasing a 27 unit that has seller financing. Here are the terms of the financing: Purchase price: $339,000Down: 25%Loan terms: 5 year term at 6% with a negotiable amortization scheduleThe units are ...
Can anyone explain why the numbers are different when I run an amortization schedule through a calculator than it is in real life. For example we borrowed $236k at 4% and a 20 year amort. Any calculator I use shows ...
Today, I was reading up on different types of loans - specifically, a fully amortizing vs. partially amortizing loan. I encountered the following table illustration:
What I notice is that with amortizing period loan ...
What are the effects of a 120 year term on a fixed rate mortgage with 30 year amortization and a balloon payment due at maturity? Would it be better to have a shorter term for any reason?
I hear a lot of people on BP talk about that the best they can get for financing is typically 80% LTV. A local bank I work with will loan out 85% LTV on 4 units or less and 80% on 5 units or more...here is the kic...
I am trying to get interest only loan to scale my portfolio and increase my cash flow. I would refi later . Looking for some inputs. Thanks