I own 5 rental properties free and clear and I have excellent FICO. Which type of loan for $180,000 investment property is best. (That would only be 50% LTV for primary residence) Or should I take out the loan on one of the rental properties?
Posts Tagged ‘mortgage’
can a person take out a 2nd mortgage on their home to purchase an investment property?
02
Apr
and without out of pocket money?
If I purchase a home in all cash would I get a mortgage or home equity loan?
02
Apr
I am planning on purchasing an investment property with 100% cash. I can purchase the property at 60% of market value. I then plan on pulling a loan out for 60% of the market value. Would it be considered a mortgage or a home equity loan? A mortgage currently is about 300 basis points lower than the home equity loan. I am hoping it would be considered a first mortgage because it would not be a second lien position. Thanks
Should I take money out of my 401K to catch up a mortgage on an investment property?
02
Apr
I had lost my job and found another job in another state. We found renters for our house but have had to use their rent for the last couple months to live off of because we depleted our savings trying to stay up on the mortgage. Their rent is about $100 short of the payment, when you factor in property taxes about $450 short. We have eliminated expenses and lowered our monthly bills over the last several months. The thought is refinancing our now investment property to try and get a positive cash flow. The alternative will more than likely be us ending up foreclosing on it or a short sell, because of our current financial situation. We are currently 3 months behind.
Or does it make more sense to cut our losses and take the hit on our credit? We are currently renting and would like at some point get into another mortgage so we don’t feel like we are throwing away our money to someone else. But we can stay renters in our current house for as long as we may need to.
What can I do if an individual won’t release a paid in full mortgage on my property?
02
Apr
We own an investment property. We obtained a loan from an individual 5 years ago to start our own business in which the individual used our investment property as collateral and filed a 2nd mortgage on it. We paid the 2nd mortgage off in full 9 months after obtaining the loan, and the individual refuses to file the release of mortgage, there are no other penalties owed to him etc. He is also the landlord on the commercial space we rent for our business, and he likes having the mortgage lien on the investment property as insurance he will get his rent every month. Rediculous! We are now trying to sell the investment property and he has caused us to lose one buyer because of the title issue, by some miracle we have another buyer, does anyone have any creative ideas other than a lawsuit in civil court? This guy is not a brainiac, but he does have a decent lawyer, everything he owns is in a trust and the mortgage was funded out of that trust. There just has to be a way to force this guy to do the right thing and stop using these mafia tactics to push us around. Help!
What would be a decent interest rate on a 30 yr mortgage loan for 200K, with 200k down payment?
01
Apr
Credit score is excellent. Investment property. I don’t know how to judge whether my broker is getting me a good deal or not.
The loan is for 200K, the down payment is 200k….the house is 400K.
I am upside down on my investment property and I cannot rent it for what the mortgage payment is. what to do?
31
Mar
I am also in financial hardship and am in high credit card debt. What should I do? Die trying to hold onto a house to keep my credit score decent or just let it go?
want to buy bank own property need mortgage loan for $10.000 who can do this?
30
Mar
the property needs some work but is a good investment
i really need to find who can finance this loan for me
I have an investment property and can not rent for the amount close to mortgage and HOA. I don’t earn much?
29
Mar
I am planning to put for SHOER Sale. Will that affect to my day to day life?
What is the best home loan for a short term mortgage?
29
Mar
It is for an investment property and I am only planning on holding on to it for 3-5 years. What is the best home loan available with the lowest payment without any differed intrest?
What’s the fastest way to clear my bills or lower my mortgage payments?
29
Mar
I have a lot of credit card debt, student loans and a mortgage from an investment property in Oklahoma that’s vacant. I need help! Badly!
Is it better to pay off a second mortgage, or use that money for a downpayment on an investment property?
29
Mar
I have some money saved up that could pay off my 2nd mortgage which is at 8.25% and has a payment of approx $250/month, or could be used as a down-payment on a condo that could be rented for maybe a $100 profit each month.