Looking for fixed rate HELOC
I’m looking for a bank that offers fixed rate HELOCs. I have around $10k worth of equity in my property and would like to use a small sum to use on another property. What are the best steps to take?
Best time for closing?
Hi, I live in Wake Forest NC and I want to know if there is a best time of the month to close on a mortgage and why? Some say it is at the start or does it really matter? I heard that it is better to cl...
Buy property with low down
I want to buy land but I don’t have enough for a down payment. I don’t qualify for most loans due to no credit history. How can I buy and purchase property? I have enough income and some savings for...
Newbie house hacker needing advice
Newbie house hacker here wanting to learn the ropes. I plan to house hack to get started in real estate investing and was wondering what the limit is on low down payment owner occupied loans. I am looki...
Cash out refinance with No W2
I have talked with different lenders and they refuse to cash out refinance a duplex I have owned for 5 years because I don’t have a W2 job because I got laid off due to the pandemic. The property was ...
Loan application with no assets
I am self employed working as a broker for the past 5 years. I plan to purchase my first multi family unit that’s worth between $300k to $600k. I have enough money saved for a 20% down payment, with g...
No closing costs on refinance?
I just got an offer to refinance from 3.5% to 2.625% from 30 years to a 20 year term. I still have $300k unpaid principal and will end up paying $106 more each month if I refinance but pay off 3 years e...
Closing costs in Jersey
Hi everyone, I plan to move to Hazlet and I want to know how much I would spend on closing costs. I’ve been getting different information and I’d like to verify what is correct. A friend told me tha...
Can a realtor help in covering closing costs?
Can a realtor contribute toward closing costs? A bank just offered us to cover all closing costs on a loan so I was wondering if a realtor can do the same? I still have to compute though because if the ...
Should I refinance for a commercial property since interest rates are lo...
Since interest rates are lower now it seems that a cash out refinance is a good idea for a commercial building near Indianapolis. The property is well maintained and the current value is $900k. There ar...
Problem with 20% down
I just refinanced my first home and did a cash out refinance. My plan was to go for an FHA loan for another 10% down loan. I have closed and discovered that my new loan is an FHA but the only way to buy...
Wife needs convincing regarding taking out a 2nd mortgage
I’ve been trying to fund my next deal which takes a little creativity. My current home already has $200k in equity that I plan to use either via HELOC or cash out refinance to complete a BRRRR deal. I...
Best loan for 10% down payment
I’ve been renting a studio apartment for 3 years now and the owner offered me to buy the place as he planned to build his retirement home. He’ll be putting the property in the market this February a...
Mortgage for house hack
I just got a good offer on a duplex at $135k. I plan to house hack for a year then move out. The mortgage is a conventional loan with 15% down, 3.5% interest and low closing costs. I need to put down $3...
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