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Picked up keys a few weeks ago, trying to head up this week, but the house has another few feet of snow compared to this pic, and the roads are closed.
Home Buying & Real Estate Thread
- Thread in 'General' Thread starter Started by TYE_The Time Traveler,
- Start date
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Tahoe is supposed to get over 22 feet this season I just read today! Congrats
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my cousin is a broker, used her for my house. my mortgage gets passed around to all the banks. I think chase has it now. my wife deals with that.
got another through a farm credit union, they had some super low rates and we're a breeze to deal with. I told them I had a job and showed them two pay checks and that was that. dude calls me to this day to shoot the ****.
got another through a farm credit union, they had some super low rates and we're a breeze to deal with. I told them I had a job and showed them two pay checks and that was that. dude calls me to this day to shoot the ****.
solewoman
Staff member
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Anyone with experience using helocs?
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new to this
is this an alternative to refi?
antidope
Supporter
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Just wired out my closing costs. Its real now.
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I'm with
solewoman
&
lovehateself
. Any personal experiences with cashout refi, HELOC, and equity loans would be appreciated especially those used for home improvement projects. https://www.nerdwallet.com/article/mortgages/home-equity-loan-vs-cash-out-refinance
I was set on a cashout refi for finishing the basement. But it sounds like a HELOC may give more flexibility and you don't have to start making payments generally until 10 years have passed.
solewoman
&
lovehateself
. Any personal experiences with cashout refi, HELOC, and equity loans would be appreciated especially those used for home improvement projects. https://www.nerdwallet.com/article/mortgages/home-equity-loan-vs-cash-out-refinance I was set on a cashout refi for finishing the basement. But it sounds like a HELOC may give more flexibility and you don't have to start making payments generally until 10 years have passed.
solewoman
Staff member
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I'm with
solewoman
&
lovehateself
. Any personal experiences with cashout refi, HELOC, and equity loans would be appreciated especially those used for home improvement projects. https://www.nerdwallet.com/article/mortgages/home-equity-loan-vs-cash-out-refinance
Yeah you still pay the interest. I was looking into it to either finish our basement which is about 1k of sqft and will put our house above 5k if/when we sell. Or use the money for an investment property (if possible to even do)
solewoman
&
lovehateself
. Any personal experiences with cashout refi, HELOC, and equity loans would be appreciated especially those used for home improvement projects. https://www.nerdwallet.com/article/mortgages/home-equity-loan-vs-cash-out-refinanceYeah you still pay the interest. I was looking into it to either finish our basement which is about 1k of sqft and will put our house above 5k if/when we sell. Or use the money for an investment property (if possible to even do)
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money is something else that wont be REAL going forward my dude
antidope
Supporter
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It never was
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You just borrow equity and get 15 years to pay it back. Interest is low.
It’s essentially a second mortgage. You can always refi to combine it down the line.
It’s essentially a second mortgage. You can always refi to combine it down the line.
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I like the Aven card. Basically a CC that’s connected to your home equity. Low interest rate as well.
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We closed a couple weeks ago on our first short term rental beach condo… 3 hour drive from home, plan to use it maybe 5-6x a year and rent out the rest. The resort is pretty sick and they’re doing a lot of upgrades so I’m betting it appreciates nicely. Kind of a hidden gem about 30 mins from St Augustine one way and 30 min from Daytona beach the other way. 90 min to Orlando.
Our view
Resort
Our view
Resort
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I know there are benefits and drawbacks to doing this but I'm debating just paying my mortgage off as quickly as possible. I want to get down to about half in 2 years if I can.
solewoman
Staff member
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How are the fees?We closed a couple weeks ago on our first short term rental beach condo… 3 hour drive from home, plan to use it maybe 5-6x a year and rent out the rest. The resort is pretty sick and they’re doing a lot of upgrades so I’m betting it appreciates nicely. Kind of a hidden gem about 30 mins from St Augustine one way and 30 min from Daytona beach the other way. 90 min to Orlando.
Our view
Resort
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Happy 2022 everyone.
Meeting with the realtor next week. Talked with the the lower.com loan agent as well and she said i could go 15% down also instead of 20%. Happy to take the PMI hit temporarily to soften the initial cash outlay. Hopefully will close on an investment property in Texas in the 400-520k range over the next 1-2 months.
Newb question: Should I just have all my cash sitting stacked in my bank (Bofa)?
Meeting with the realtor next week. Talked with the the lower.com loan agent as well and she said i could go 15% down also instead of 20%. Happy to take the PMI hit temporarily to soften the initial cash outlay. Hopefully will close on an investment property in Texas in the 400-520k range over the next 1-2 months.
Newb question: Should I just have all my cash sitting stacked in my bank (Bofa)?
sneakaprince
Supporter
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Yeah.... If you can have it in a bank account it makes life easier.
I invest heavy in the crypto space and it's always a nightmare with my deals because value can fluctuate a lot.
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Really no draw backs if you can do it, it will save you a ton in interest. I am hoping to have mine paid in 15 instead of 30 but if this business pops I will do it sooner fur shure.
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High no doubt but revenues will make up for em
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Yea thats absolutely no way I'm waiting 30 years. I don't even think I'm living in my townhouse for more than 5 to 10 years max. The end goal is for it to serve as a rental property if possible.
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I’m paying mine off in 10 years. It will save me a lot and I got a cheap house just so I could do that.
I’m just selling mine down the line. It’s going to double in value by then.
I’m just selling mine down the line. It’s going to double in value by then.
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Damn what do you do for work if you don’t mind me asking?
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Before and after wife and I painted our door
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Anyone have experience with fake grass?
