Is buying points required?

A new home is available and I plan to buy it as an investment. It is a new construction and I am getting my loan through the builder. They told me that I have to purchase a minimum of 3 mortgage points ...

Buying a second home in Boulder

I am buying a second home in Boulder. I own my first home and the loan is fully paid. I am ready to close this month but I need to pay a down payment of $12k for a roof replacement for my first home. Is...

Is refinancing a good idea?

I have a chance to refinance with an offer from my lender. From 3.25% to 2.625% and a 30 year term with 23 years left to a 20 year term. I still have $328k unpaid principal and will end up paying around...

Can I benefit from refinancing my home with an Interest Only loan?

Currently I have a 30 year fixed rate mortgage with a balance of $362,000 at a fixed rate of 2.375%. My home would appraise for approximately $500,000. I am retired and expect to sell our home within th...

HELOC loan for rental property?

I own a home in CA and I would like to buy another home and keep the current one as a rental. I want to apply for HELOC before I start the new home loan process. I want to know if i should apply for HEL...

Best loan with no or low down

An owner of a duplex in Sacramento is giving me a good deal at $375k but I need to close the deal in the next few weeks. I can’t afford a down payment right now and I need between 20% to 30% quickly. ...

Jumbo loan in Boulder

I work as a firefighter in Boulder and it’s common for us to have “side jobs” given our erratic schedule. I am a newbie real estate investor who plans to invest in multi-unit properties to start. ...

Commercial loan for multi unit property

I am interested in purchasing a 5 unit property in Dayton, OH. I moved to another state and I’m looking for a lender that would lend to out-of-state investors without any problems. It’s frustrating ...

Loan application with seasonal income

I am trying to buy my first property but my concern is I don’t have a traditional job. I only get commissions from selling Christmas trees during November and December but I have enough money to buy m...

Refinance a jumbo loan

We own a duplex on 19 acres in South Dakota and we want to refinance. Duplex and land worth $1.4million and we want to borrow $1million to purchase new development land. Our current loan is a jumbo and ...

Buying property in the US from overseas

I am a US Expat working in Manila, Philippines. I was born in California and I would want to invest in properties there before I retire. I want to know the steps on getting a mortgage given my situation...

can I refi with a 580 credit score? I was fighting a bad back problem. M...

Best friend wants me to buy his rental property

My best friend wants to get out of his rental property since he’s in debt and with bad credit. He has equity but the money he’ll get after paying the loan and closing costs after selling is not wort...

Cash out refinance turned down

My business partner and I purchased a two-family rental property using seller financing last year. We are in an LLC and it’s a 50/50 split. I planned on getting a cash-out refinance but was turned dow...

Best bank for real estate investing

I am a veteran and just recently put up my L.L.C. for my real estate investing business. I focus on rental properties and I am having a hard time choosing which bank to use. I am thinking of Navy Federa...