Real Investor Match » mortgage http://realinvestormatch.com Real Estate Leads Sat, 03 Apr 2010 04:59:12 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 Should I payoff 1st mortgage ($60,000) then get a new mortgage for RE investment or get a cash-out refi.? http://realinvestormatch.com/should-i-payoff-1st-mortgage-60000-then-get-a-new-mortgage-for-re-investment-or-get-a-cash-out-refi http://realinvestormatch.com/should-i-payoff-1st-mortgage-60000-then-get-a-new-mortgage-for-re-investment-or-get-a-cash-out-refi#comments Sat, 03 Apr 2010 01:59:12 +0000 Editor http://realinvestormatch.com/should-i-payoff-1st-mortgage-60000-then-get-a-new-mortgage-for-re-investment-or-get-a-cash-out-refi 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?

]]> http://realinvestormatch.com/should-i-payoff-1st-mortgage-60000-then-get-a-new-mortgage-for-re-investment-or-get-a-cash-out-refi/feed 0 can a person take out a 2nd mortgage on their home to purchase an investment property? http://realinvestormatch.com/can-a-person-take-out-a-2nd-mortgage-on-their-home-to-purchase-an-investment-property http://realinvestormatch.com/can-a-person-take-out-a-2nd-mortgage-on-their-home-to-purchase-an-investment-property#comments Fri, 02 Apr 2010 15:58:30 +0000 Editor http://realinvestormatch.com/can-a-person-take-out-a-2nd-mortgage-on-their-home-to-purchase-an-investment-property and without out of pocket money?

]]> http://realinvestormatch.com/can-a-person-take-out-a-2nd-mortgage-on-their-home-to-purchase-an-investment-property/feed 3 If I purchase a home in all cash would I get a mortgage or home equity loan? http://realinvestormatch.com/if-i-purchase-a-home-in-all-cash-would-i-get-a-mortgage-or-home-equity-loan http://realinvestormatch.com/if-i-purchase-a-home-in-all-cash-would-i-get-a-mortgage-or-home-equity-loan#comments Fri, 02 Apr 2010 15:58:27 +0000 Editor http://realinvestormatch.com/if-i-purchase-a-home-in-all-cash-would-i-get-a-mortgage-or-home-equity-loan 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

]]> http://realinvestormatch.com/if-i-purchase-a-home-in-all-cash-would-i-get-a-mortgage-or-home-equity-loan/feed 7 Should I take money out of my 401K to catch up a mortgage on an investment property? http://realinvestormatch.com/should-i-take-money-out-of-my-401k-to-catch-up-a-mortgage-on-an-investment-property http://realinvestormatch.com/should-i-take-money-out-of-my-401k-to-catch-up-a-mortgage-on-an-investment-property#comments Thu, 01 Apr 2010 23:58:48 +0000 Editor http://realinvestormatch.com/should-i-take-money-out-of-my-401k-to-catch-up-a-mortgage-on-an-investment-property 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.

]]> http://realinvestormatch.com/should-i-take-money-out-of-my-401k-to-catch-up-a-mortgage-on-an-investment-property/feed 4 What can I do if an individual won’t release a paid in full mortgage on my property? http://realinvestormatch.com/what-can-i-do-if-an-individual-wont-release-a-paid-in-full-mortgage-on-my-property http://realinvestormatch.com/what-can-i-do-if-an-individual-wont-release-a-paid-in-full-mortgage-on-my-property#comments Thu, 01 Apr 2010 20:58:30 +0000 Editor http://realinvestormatch.com/what-can-i-do-if-an-individual-wont-release-a-paid-in-full-mortgage-on-my-property 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!

]]> http://realinvestormatch.com/what-can-i-do-if-an-individual-wont-release-a-paid-in-full-mortgage-on-my-property/feed 2 What would be a decent interest rate on a 30 yr mortgage loan for 200K, with 200k down payment? http://realinvestormatch.com/what-would-be-a-decent-interest-rate-on-a-30-yr-mortgage-loan-for-200k-with-200k-down-payment http://realinvestormatch.com/what-would-be-a-decent-interest-rate-on-a-30-yr-mortgage-loan-for-200k-with-200k-down-payment#comments Thu, 01 Apr 2010 13:58:16 +0000 Editor http://realinvestormatch.com/what-would-be-a-decent-interest-rate-on-a-30-yr-mortgage-loan-for-200k-with-200k-down-payment 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.

]]> http://realinvestormatch.com/what-would-be-a-decent-interest-rate-on-a-30-yr-mortgage-loan-for-200k-with-200k-down-payment/feed 8 Is it a good idea to buy investment property when the seller hold the mortgage? http://realinvestormatch.com/is-it-a-good-idea-to-buy-investment-property-when-the-seller-hold-the-mortgage http://realinvestormatch.com/is-it-a-good-idea-to-buy-investment-property-when-the-seller-hold-the-mortgage#comments Thu, 01 Apr 2010 07:59:04 +0000 Editor http://realinvestormatch.com/is-it-a-good-idea-to-buy-investment-property-when-the-seller-hold-the-mortgage
  • What’s the best mortgage option for investment property that you’re going to hold for less than 10 years
  • Looking to hold an investment property for 7 years or less what is the best mortgage I should take?
  • can a person take out a 2nd mortgage on their home to purchase an investment property?
  • Should I take money out of my 401K to catch up a mortgage on an investment property?
    • ]]>     http://realinvestormatch.com/is-it-a-good-idea-to-buy-investment-property-when-the-seller-hold-the-mortgage/feed 6     Anyone have any experience buying a duplex as an investment property and used the rent $$ to pay the mortgage? http://realinvestormatch.com/anyone-have-any-experience-buying-a-duplex-as-an-investment-property-and-used-the-rent-to-pay-the-mortgage http://realinvestormatch.com/anyone-have-any-experience-buying-a-duplex-as-an-investment-property-and-used-the-rent-to-pay-the-mortgage#comments Wed, 31 Mar 2010 15:58:25 +0000 Editor http://realinvestormatch.com/anyone-have-any-experience-buying-a-duplex-as-an-investment-property-and-used-the-rent-to-pay-the-mortgage any good resources for this type of investing and becoming a landlord. where is a good place to learn about leases and the responsibilities of a land lord. Any good resources on ivesting in property would also be helpful.

    ]]>     http://realinvestormatch.com/anyone-have-any-experience-buying-a-duplex-as-an-investment-property-and-used-the-rent-to-pay-the-mortgage/feed 2     I am upside down on my investment property and I cannot rent it for what the mortgage payment is. what to do? http://realinvestormatch.com/i-am-upside-down-on-my-investment-property-and-i-cannot-rent-it-for-what-the-mortgage-payment-is-what-to-do http://realinvestormatch.com/i-am-upside-down-on-my-investment-property-and-i-cannot-rent-it-for-what-the-mortgage-payment-is-what-to-do#comments Tue, 30 Mar 2010 23:59:05 +0000 Editor http://realinvestormatch.com/i-am-upside-down-on-my-investment-property-and-i-cannot-rent-it-for-what-the-mortgage-payment-is-what-to-do 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?

    ]]>     http://realinvestormatch.com/i-am-upside-down-on-my-investment-property-and-i-cannot-rent-it-for-what-the-mortgage-payment-is-what-to-do/feed 2     want to buy bank own property need mortgage loan for $10.000 who can do this? http://realinvestormatch.com/want-to-buy-bank-own-property-need-mortgage-loan-for-10-000-who-can-do-this http://realinvestormatch.com/want-to-buy-bank-own-property-need-mortgage-loan-for-10-000-who-can-do-this#comments Tue, 30 Mar 2010 10:58:34 +0000 Editor http://realinvestormatch.com/want-to-buy-bank-own-property-need-mortgage-loan-for-10-000-who-can-do-this the property needs some work but is a good investment
    i really need to find who can finance this loan for me

    ]]>     http://realinvestormatch.com/want-to-buy-bank-own-property-need-mortgage-loan-for-10-000-who-can-do-this/feed 3     Is it better to have a lot of write offs for an investment property with no mortgage or for one that does ? http://realinvestormatch.com/is-it-better-to-have-a-lot-of-write-offs-for-an-investment-property-with-no-mortgage-or-for-one-that-does http://realinvestormatch.com/is-it-better-to-have-a-lot-of-write-offs-for-an-investment-property-with-no-mortgage-or-for-one-that-does#comments Tue, 30 Mar 2010 07:58:25 +0000 Editor http://realinvestormatch.com/is-it-better-to-have-a-lot-of-write-offs-for-an-investment-property-with-no-mortgage-or-for-one-that-does
  • Is it better to pay off a second mortgage, or use that money for a downpayment on an investment property?
  • when purchasing an investment property is it better to use an equity loan or a new mortgage loan?
  • can a person take out a 2nd mortgage on their home to purchase an investment property?
  • Should I take money out of my 401K to catch up a mortgage on an investment property?
    • ]]>     http://realinvestormatch.com/is-it-better-to-have-a-lot-of-write-offs-for-an-investment-property-with-no-mortgage-or-for-one-that-does/feed 1     I have an investment property and can not rent for the amount close to mortgage and HOA. I don’t earn much? http://realinvestormatch.com/i-have-an-investment-property-and-can-not-rent-for-the-amount-close-to-mortgage-and-hoa-i-dont-earn-much http://realinvestormatch.com/i-have-an-investment-property-and-can-not-rent-for-the-amount-close-to-mortgage-and-hoa-i-dont-earn-much#comments Mon, 29 Mar 2010 15:58:24 +0000 Editor http://realinvestormatch.com/i-have-an-investment-property-and-can-not-rent-for-the-amount-close-to-mortgage-and-hoa-i-dont-earn-much I am planning to put for SHOER Sale. Will that affect to my day to day life?

    ]]>     http://realinvestormatch.com/i-have-an-investment-property-and-can-not-rent-for-the-amount-close-to-mortgage-and-hoa-i-dont-earn-much/feed 3     What is the best home loan for a short term mortgage? http://realinvestormatch.com/what-is-the-best-home-loan-for-a-short-term-mortgage http://realinvestormatch.com/what-is-the-best-home-loan-for-a-short-term-mortgage#comments Mon, 29 Mar 2010 15:58:20 +0000 Editor http://realinvestormatch.com/what-is-the-best-home-loan-for-a-short-term-mortgage 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?

    ]]>     http://realinvestormatch.com/what-is-the-best-home-loan-for-a-short-term-mortgage/feed 5     What’s the fastest way to clear my bills or lower my mortgage payments? http://realinvestormatch.com/whats-the-fastest-way-to-clear-my-bills-or-lower-my-mortgage-payments http://realinvestormatch.com/whats-the-fastest-way-to-clear-my-bills-or-lower-my-mortgage-payments#comments Mon, 29 Mar 2010 05:58:48 +0000 Editor http://realinvestormatch.com/whats-the-fastest-way-to-clear-my-bills-or-lower-my-mortgage-payments 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!

    ]]>     http://realinvestormatch.com/whats-the-fastest-way-to-clear-my-bills-or-lower-my-mortgage-payments/feed 7     Is it better to pay off a second mortgage, or use that money for a downpayment on an investment property? http://realinvestormatch.com/is-it-better-to-pay-off-a-second-mortgage-or-use-that-money-for-a-downpayment-on-an-investment-property http://realinvestormatch.com/is-it-better-to-pay-off-a-second-mortgage-or-use-that-money-for-a-downpayment-on-an-investment-property#comments Sun, 28 Mar 2010 23:58:58 +0000 Editor http://realinvestormatch.com/is-it-better-to-pay-off-a-second-mortgage-or-use-that-money-for-a-downpayment-on-an-investment-property 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.

    ]]>     http://realinvestormatch.com/is-it-better-to-pay-off-a-second-mortgage-or-use-that-money-for-a-downpayment-on-an-investment-property/feed 5     How fast can I make my mortgage company foreclosure on my house? http://realinvestormatch.com/how-fast-can-i-make-my-mortgage-company-foreclosure-on-my-house http://realinvestormatch.com/how-fast-can-i-make-my-mortgage-company-foreclosure-on-my-house#comments Sun, 28 Mar 2010 19:58:36 +0000 Editor http://realinvestormatch.com/how-fast-can-i-make-my-mortgage-company-foreclosure-on-my-house I havent missed a payment yet but I am planning on moving within 4 months.I will let the house go with March being my last payment.Is there anyway I can help my mortgage company expedite the foreclosure? This is probably a strange question but I would like to know if it is possible to get the house out of my name within 4 months.
    I know it will affect my credit but I cant sell the house because it is worth way less then what I bought it for.

    ]]>     http://realinvestormatch.com/how-fast-can-i-make-my-mortgage-company-foreclosure-on-my-house/feed 4     What’s the best mortgage option for investment property that you’re going to hold for less than 10 years http://realinvestormatch.com/whats-the-best-mortgage-option-for-investment-property-that-youre-going-to-hold-for-less-than-10-years http://realinvestormatch.com/whats-the-best-mortgage-option-for-investment-property-that-youre-going-to-hold-for-less-than-10-years#comments Sun, 28 Mar 2010 07:58:56 +0000 Editor http://realinvestormatch.com/whats-the-best-mortgage-option-for-investment-property-that-youre-going-to-hold-for-less-than-10-years
  • Looking to hold an investment property for 7 years or less what is the best mortgage I should take?
  • Is it a good idea to buy investment property when the seller hold the mortgage?
  • What type of mortgage is the best for investment property particularly condo and single family rentals?
  • I purchased an “investment” property 2 years ago. I get consistant rent but the mortgage went adjustable.
    • ]]>     http://realinvestormatch.com/whats-the-best-mortgage-option-for-investment-property-that-youre-going-to-hold-for-less-than-10-years/feed 2     Tax Question: Should I buy rental property with a mortgage or take out a home equity loan? http://realinvestormatch.com/tax-question-should-i-buy-rental-property-with-a-mortgage-or-take-out-a-home-equity-loan http://realinvestormatch.com/tax-question-should-i-buy-rental-property-with-a-mortgage-or-take-out-a-home-equity-loan#comments Sun, 28 Mar 2010 00:58:24 +0000 Editor http://realinvestormatch.com/tax-question-should-i-buy-rental-property-with-a-mortgage-or-take-out-a-home-equity-loan I am buying a rental property for $50K. I will put 10K down so I need to borrow $40K

    I have 2 offers that will determine whether I will apply the mortgage interest on my schedule E for rental property or as an itemized deduction on my 1040.

    Home equity loan against my primary house at 6.09% with $300 loan processing fee. 15 year note – 1st years interest payment will be $2452 – I think this interest would be an itemized deduction.

    Mortgage for the investment property at 6.25% with 1 3/8 points. Total fee is $2100 including points. 15 year note – Ist years interest payment will be $2492 I think this would be an expense on my schedule E.

    I am at a 28% tax bracket and have no other mortgage on my primary house.

    To further complicate the picture I have $34000 in student loan debt and could roll this into my home equity loan.

    What would be best for my taxes? Take the home equity loan or a mortgage on the new property? Should I roll my student loans into the home equity loan?

    ]]>     http://realinvestormatch.com/tax-question-should-i-buy-rental-property-with-a-mortgage-or-take-out-a-home-equity-loan/feed 2     I am 6 months behind mortgage payments on an investment property. How do I get rid of it? http://realinvestormatch.com/i-am-6-months-behind-mortgage-payments-on-an-investment-property-how-do-i-get-rid-of-it http://realinvestormatch.com/i-am-6-months-behind-mortgage-payments-on-an-investment-property-how-do-i-get-rid-of-it#comments Sat, 27 Mar 2010 15:58:17 +0000 Editor http://realinvestormatch.com/i-am-6-months-behind-mortgage-payments-on-an-investment-property-how-do-i-get-rid-of-it I went in the propery with another investor. I left it in their hands to fix it up and rent it out and they havent. The house is Newark New Jersey
    Another question is how do I find an investor to short sell n the property or is that something that the mortgage company handles?? Thanks 4 tha answers

    ]]>     http://realinvestormatch.com/i-am-6-months-behind-mortgage-payments-on-an-investment-property-how-do-i-get-rid-of-it/feed 18     Should I stay away from a second mortgage interest only loan? http://realinvestormatch.com/should-i-stay-away-from-a-second-mortgage-interest-only-loan http://realinvestormatch.com/should-i-stay-away-from-a-second-mortgage-interest-only-loan#comments Sat, 27 Mar 2010 07:58:53 +0000 Editor http://realinvestormatch.com/should-i-stay-away-from-a-second-mortgage-interest-only-loan I’ve been approved for a 1st mortgage at a fixed rate of 7.38 and a 2n mortgage interest only at 10.425. This loan is for an investment property. I’ve been told that the 2nd loan is Home equity line of credit. How much will my payments go up on the 2nd mortgage and should I look for another loan. Thank You.

    ]]>     http://realinvestormatch.com/should-i-stay-away-from-a-second-mortgage-interest-only-loan/feed 8     Why is there no mortgage bail out for investment property owners? http://realinvestormatch.com/why-is-there-no-mortgage-bail-out-for-investment-property-owners http://realinvestormatch.com/why-is-there-no-mortgage-bail-out-for-investment-property-owners#comments Fri, 26 Mar 2010 23:59:00 +0000 Editor http://realinvestormatch.com/why-is-there-no-mortgage-bail-out-for-investment-property-owners
  • Is there any programs for property managers to purchase investment properties with zero down mortgage?
  • can a person take out a 2nd mortgage on their home to purchase an investment property?
  • Should I take money out of my 401K to catch up a mortgage on an investment property?
  • Is it a good idea to buy investment property when the seller hold the mortgage?
    • ]]>     http://realinvestormatch.com/why-is-there-no-mortgage-bail-out-for-investment-property-owners/feed 5     what qualifies as a second home for mortgage loan? http://realinvestormatch.com/what-qualifies-as-a-second-home-for-mortgage-loan http://realinvestormatch.com/what-qualifies-as-a-second-home-for-mortgage-loan#comments Fri, 26 Mar 2010 13:59:23 +0000 Editor http://realinvestormatch.com/what-qualifies-as-a-second-home-for-mortgage-loan I am working overseas, I want to buy a house in Texas. Can I consider it to be a 2nd home and ask the mortgage company to give me interest as second home instead of calling it “investment property” ?
    The interest rates and taxes for 2nd home is less than investment property.

    It will be rented out till we come back to Texas.

    ]]>     http://realinvestormatch.com/what-qualifies-as-a-second-home-for-mortgage-loan/feed 4     How do I deal with an investment mortgage that’s going into collections? http://realinvestormatch.com/how-do-i-deal-with-an-investment-mortgage-thats-going-into-collections http://realinvestormatch.com/how-do-i-deal-with-an-investment-mortgage-thats-going-into-collections#comments Fri, 26 Mar 2010 07:59:01 +0000 Editor http://realinvestormatch.com/how-do-i-deal-with-an-investment-mortgage-thats-going-into-collections Bought an investment property in Detroit and unable to find a stable renter. Lender won’t foreclose or do a deed in lieu of. $69000 owed on mortgage even though house is definitely not worth that now. Lender threatening to send it to collections. House is and has been on the market for months.

    ]]>     http://realinvestormatch.com/how-do-i-deal-with-an-investment-mortgage-thats-going-into-collections/feed 2     Can I get a mortgage for investment property under a LLC? http://realinvestormatch.com/can-i-get-a-mortgage-for-investment-property-under-a-llc http://realinvestormatch.com/can-i-get-a-mortgage-for-investment-property-under-a-llc#comments Thu, 25 Mar 2010 15:58:25 +0000 Editor http://realinvestormatch.com/can-i-get-a-mortgage-for-investment-property-under-a-llc My friend and I wish to setup an LLC. We plan to purchase a few properties each year and have 20% down payment available. However we wish to finance the remaining 80% under the LLC’s name with no strings attached to our personal assets.

    Any options??
    We do not have any credit history yet since company is just being formed.
    do you have any bank / lending companies that might be a lead?

    ]]>     http://realinvestormatch.com/can-i-get-a-mortgage-for-investment-property-under-a-llc/feed 5     Currently have home mortgage as an investment property with a friend? http://realinvestormatch.com/currently-have-home-mortgage-as-an-investment-property-with-a-friend http://realinvestormatch.com/currently-have-home-mortgage-as-an-investment-property-with-a-friend#comments Thu, 25 Mar 2010 14:58:52 +0000 Editor http://realinvestormatch.com/currently-have-home-mortgage-as-an-investment-property-with-a-friend he purchases a new car, does this affect me or mortgage in any way if he used his credit and his name? reason I am asking is because I went to refi my car and for some reason the loan officer noticed a new car purchased and was wondering if this had an affect becuase I was unable to refi – thanks for your time

    ]]>     http://realinvestormatch.com/currently-have-home-mortgage-as-an-investment-property-with-a-friend/feed 2     What type of mortgage is the best for investment property particularly condo and single family rentals? http://realinvestormatch.com/what-type-of-mortgage-is-the-best-for-investment-property-particularly-condo-and-single-family-rentals http://realinvestormatch.com/what-type-of-mortgage-is-the-best-for-investment-property-particularly-condo-and-single-family-rentals#comments Wed, 24 Mar 2010 23:58:57 +0000 Editor http://realinvestormatch.com/what-type-of-mortgage-is-the-best-for-investment-property-particularly-condo-and-single-family-rentals are interest only mortgages better? stated income stated asset? 30 year fixed. please provide opinions based on why some are better than other and which ones you currently have in place.

    ]]>     http://realinvestormatch.com/what-type-of-mortgage-is-the-best-for-investment-property-particularly-condo-and-single-family-rentals/feed 2     Can I amortize/depreciate “junk fees” on a mortgage for a rental property? http://realinvestormatch.com/can-i-amortizedepreciate-junk-fees-on-a-mortgage-for-a-rental-property http://realinvestormatch.com/can-i-amortizedepreciate-junk-fees-on-a-mortgage-for-a-rental-property#comments Wed, 24 Mar 2010 09:59:03 +0000 Editor http://realinvestormatch.com/can-i-amortizedepreciate-junk-fees-on-a-mortgage-for-a-rental-property I have purchased an investment property and I’d like to know if I can add those fees to the cost basis or amortize those fees over the loan duration.
    Those are the following fees I paid for when financing the property:
    - loan processing
    - loan application
    - underwriting fees
    All those fees appear in the section 800 of the HUD but are non-standard fees.
    I read IRS publication 527 but could not find any answer to this question.

    Thanks!

    ]]>     http://realinvestormatch.com/can-i-amortizedepreciate-junk-fees-on-a-mortgage-for-a-rental-property/feed 2     What is a mortgage rate for an investment property with 25% down payment? http://realinvestormatch.com/what-is-a-mortgage-rate-for-an-investment-property-with-25-down-payment http://realinvestormatch.com/what-is-a-mortgage-rate-for-an-investment-property-with-25-down-payment#comments Wed, 24 Mar 2010 07:59:03 +0000 Editor http://realinvestormatch.com/what-is-a-mortgage-rate-for-an-investment-property-with-25-down-payment I want a 30yrs fixed.

    ]]>     http://realinvestormatch.com/what-is-a-mortgage-rate-for-an-investment-property-with-25-down-payment/feed 1     Looking to hold an investment property for 7 years or less what is the best mortgage I should take? http://realinvestormatch.com/looking-to-hold-an-investment-property-for-7-years-or-less-what-is-the-best-mortgage-i-should-take http://realinvestormatch.com/looking-to-hold-an-investment-property-for-7-years-or-less-what-is-the-best-mortgage-i-should-take#comments Wed, 24 Mar 2010 07:59:02 +0000 Editor http://realinvestormatch.com/looking-to-hold-an-investment-property-for-7-years-or-less-what-is-the-best-mortgage-i-should-take The property has 25% equity in it.. My FICO score is around 740. I run my own business so I will need to use stated income. What is best loan for me in this situation and what kind of interest rate should I be looking for?

    THANKS!

    ]]>     http://realinvestormatch.com/looking-to-hold-an-investment-property-for-7-years-or-less-what-is-the-best-mortgage-i-should-take/feed 4     Refinancing mortgage to make down payment on investment property? http://realinvestormatch.com/refinancing-mortgage-to-make-down-payment-on-investment-property http://realinvestormatch.com/refinancing-mortgage-to-make-down-payment-on-investment-property#comments Tue, 23 Mar 2010 15:58:21 +0000 Editor http://realinvestormatch.com/refinancing-mortgage-to-make-down-payment-on-investment-property I bought my primary residence 2 1/2 years ago for $60,000 and put $20,000 into it (it was a “fixer upper”). It now appraises at $145,000.

    I plan on refinancing my $60,000 mortgage to pay for the debt of $20,000 (mixture of credit cards with 0% intros that are running out!) and to make a 20% down payment on an investment property (so I can avoid PMI). I plan on getting another slight “fixer upper” and only want to put in 10-15k into it. I will rent it out for a year or so until I think ive reached a good profit and sell it. Plus I only want to have to pay 15% tax rate instead of like 33% (long term investment).

    I am not familiar with refinancing. Should I first get a contract on a property so I can refinance just enough to pay the debt, 20% to put down on the house and alittle money to fix it up? OR should I just estimate and refinance now and keep that money in the bank. I would hate to pay interest on money just sitting in the bank. Or do you know another way of doing it?

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