Locked in at 5.5% in early July. We close in less than 2 weeks. We are putting over 45% down payment. Looking at other lenders websites recently and it seems that rate should have been lower considering we are putting so much down. Current lender is offering us a rate of 5.125 if we buy … Read more

My parents are old. They have this rental property that is financed by an ARM that will go floating soon. Obviously the rate will be worse cuz of the environment. Basically I want to pay down the mortgage for them and then give them a fixed rate and lend to them. I’m just going to … Read more

For some background we went under contract on a house and then had to back out due to contingencies. This was one month ago. Our buyer agent became the sellers agent (lol) and now she is asking if she can use our inspection report during the open house. Is it ok? Sketchy? I actually trust … Read more

So I purchased a house recently I got a massive deal for it my plan is to fix it up and sell it I think I could easily get 8 times what I paid for it my question is if I sell it before I own it a year or at the one year mark … Read more

We recently put an offer in on a house. The seller had their attorney look it over and added in some verbiage about probate that concerns me: Probate Court Approval. The parties further agree that obligations under this Agreement are subject to and contingent upon the receipt from the Probate Court of approval to sell … Read more

We received a loan estimate a couple days ago and signed the intent to proceed. Since, another lender came back and gave us an estimate that beats it and we are thinking of taking that instead. Are we able to do so since we’ve already signed the other lender’s intent to proceed? We are 25 … Read more

I’m in the process of purchasing an investment property out of state. It’s on a deal that fell through from a previous investor who lost funding. They performed an inspection of the property and the seller has that inspection report and is willing to provide it to me as well as confirm for me what … Read more

Real estate is one of the most lucrative markets for investors. With increasing uncertainties in the global economy, demand for real estate is only going to increase. According to McKinsey & Company, the real estate market constitutes two-thirds of the global wealth. However, buying properties is a challenging task due to the inaccessible nature of … Read more

As a recession is around the corner in the UK, many people including myself are waiting for property prices to drop in hopes to buy in at reduced property prices. Although interest rates for mortgages may be higher, the general consensus appears to be that the overall reduction in house price justifies buying during a … Read more

I bought my house in El Paso (Far East) early last year at about $175k (2014 build, 1,500 sq ft, 3 bed, 2 bath). I did score a great rate at 2.65 with VA loan (single/no kids at moment)… I am seeing homes listed recently that are similar to mine at $215-220k (actual sale price … Read more

Are you all noticing some abandoned housing build starts in your area? I am in a pretty populated area and not too long ago they were building nice homes and then it’s just like they simply stopped midstream of a build and left it. Are you all seeing similar in your areas and should someone … Read more

“Rates End Near Last Week’s Highs After Data Swings For Fences” https://www.mortgagenewsdaily.com/markets/mortgage-rates-08052022 This helped me understand why lender rates dropped basically a whole percentage point and then went back up. submitted by /u/MonicaHuang [link] [comments] “Rates End Near Last Week’s Highs After Data Swings For Fences” https://www.mortgagenewsdaily.com/markets/mortgage-rates-08052022 This helped me understand why lender rates dropped … Read more

I am interested in owning Rental properties. I am looking at my local area of Louisville Ky and surrounding townships. Has anyone here have any experience or is currently handling rental properties here? What are good questions to ask the realtor regarding properties? What should I look for and plan for? How should I calculate … Read more

Curious what people have experienced when it comes to buying somewhere to rent- as a first time landlord, is it a better idea to get a cheaper place in a worse neighborhood, or invest more in a better neighborhood? Assume both apartments are equal in quality, the bad neighborhood is 100k the better neighborhood is … Read more

Hi I’m in the process of buying a condo in NJ Bergen county. With 20% down pay, I still need 400k mortgage. I spoke with couple lenders recently and most of them offered 30 year fixed with 5.3 – 5.5 rate. The best offer I have right now is 4.9 rate with purchasing 1 point. … Read more

I hear about people buying them, but where do I find info to buy? submitted by /u/realestatenoviceinor [link] [comments] I hear about people buying them, but where do I find info to buy? submitted by /u/realestatenoviceinor [link] [comments] <a href="Read More“>View Full Article

The current housing prices were pushed up by low rates over the last two years. Now rates will likely trend up. You can tell me supply + demand all you want but it’s about 40% more expensive to buy vs this time last year. Everything else costs more and wages are not keeping up. Take … Read more

Interesting case studies with all the numbers laid out from Andrei Jikh (popular finance Youtuber) in his latest video. Closed on the 3 bed property early March which means low rate but peak value https://www.zillow.com/homedetails/1704-Cypress-Manor-Dr-Henderson-NV-89012/52214096_zpid Personally I’m not seeing how this makes sense as an investment. $1.33M purchase price. $5232 monthly cost, trying to rent … Read more

Wondering how many of you guys have appraisals coming in lower than the list price? Is it more common now since home prices are still relatively high? Are non cash buyers/FTHB leaving the contracts because of this? submitted by /u/chnl5 [link] [comments] Wondering how many of you guys have appraisals coming in lower than the … Read more

Just did a walkthrough with closing scheduled on Tues. The house was fine before aside from a couple things we asked to be fixed. Seller said he fixed it all (and it’s in the contract) and one of them was to seal the siding or else water would seep through. This guy is a contractor … Read more

I’m under contract to buy a house, closing around end of September. We locked a rate with lender A about 2 weeks ago, at 5.625% buying .3 points. This was, even at the time, not a great rate, but first-time home buyers, hadn’t done our research, etc. – hindsight is 20/20, and lesson learned. ​ … Read more

Im going to vent. I had 5 offers after 2 days on the market and an open house. I narrowed it down to 2 offers and chose one based on his financing and time frame of closing (quick close). We had inspection yesterday and he asked for lots of small things to be fixed. Long … Read more

Due to work related reasons, I might have to move to a different state temporarily. However, I love my current home. It’s my first home, and I would like to avoid selling or renting it out (I’ve heard plenty of horror stories). But assuming that I’m financially responsible and live within my means with a … Read more

What software do you small multifamily owners use to manage units? I am looking into Baselane but it seems too good to be true. I would like a system that allows tenants to pay rent directly through the software and to add late fees if needed. Let me know what you have tried and what … Read more

I found a house i really like, but im trying to make sense of its price and see if its worth even trying to put an offer in. It was listed for 314k on 6/14. Last week it was reduced to 299k. The online listings have it at 2100sf, but it has 1456sf above grade, … Read more

I asked for my mortgage lender to escrow my homeowners and they refuse because my HOA has a “walls in” policy and say I don’t need my own insurance. HOA policy says it includes original and improvements made by owner. submitted by /u/Beginning_Radish_517 [link] [comments] I asked for my mortgage lender to escrow my homeowners … Read more

I (27M) am moving to a new area with my SO (26F) and have a question. Should we dump $2400-2600 (cost of the area) in rent a month or buy an apartment. Here’s some details: We only want to live there for about 2 years. So afterwards we’d be selling it and moving states. I … Read more

I’ve seen multiple homes for sale on Zillow where the graph of home value over time isn’t showing, but some do. Are owners able to request Zillow to take this information off their website? Is this considered a red flag? submitted by /u/Successful_Leg_707 [link] [comments] I’ve seen multiple homes for sale on Zillow where the … Read more

Me and my Fiance are looking to buy a rural house. I am interested in a USDA loan. I have the cash to put 8-10% down to lower our monthly payments. Is this allowed for a USDA loan? Some googleing shows that for assest calculations for the loan you don’t include any money that is … Read more

On 06/02/2022, the house was listed for sale at $825,000. On 06/04, I went to the open house. Because it’s a phishing price, the house was super crowded. On 06/06, I submitted an offer at $1.05M. On 06/07, the listing was removed, and I was told the winning offer was $1.25M. On 07/05, the house … Read more

Invest in Fundrise, use my link and get $50. in shares. Serious long term real estate investing only! submitted by /u/Javesther [link] [comments] Invest in Fundrise, use my link and get $50. in shares. Serious long term real estate investing only! submitted by /u/Javesther [link] [comments] <a href="Read More“>View Full Article

Jobs report was was way too strong, and now, the Fed is about to raise interest rates which is going to damage the stock market and interest rates. Then the r/antiwork sub came to mind. What the hell are they doing in there? It’s time to encourage those folks to finally commit and leave their … Read more

We closed on a home in Feb of this year. I think we overpaid, and we definitely felt rushed into buying the home. We had a 6 month old at the time, and we were renting a 2/1 while both WFH. The mortgage we took out is well within our comfort zone and was at … Read more

I am in GA and I make about 45k a year. Sold a house I inherited (it was in unlivable condition) and now I’m sitting on about 125k. Credit score is decent around 718 I think. I’m bad with finances and I’m scared I’ll bite off more than I can chew monthly. This is something … Read more

Hoping for some direction from those of you who are far more knowledgeable about this. We owe 185k on a home we bought in 2016 @ 3.75%. We lost our jobs last year and had to enter into the special forbearance. That 12 months of no payments is now expired. It’s a VA loan, and … Read more

There have been posts about Ribbon Home here before (I’ve been scouring Reddit and the rest of the internet for honest reviews), but none of them had to do with the “buy before you sell’ option. We already own a house, but we need the money from the sale in order to put a 20% … Read more

I know some or maybe all of them, but I’d like to make sure I’m not missing anything and would like to add some detail to my understanding of the refi process. submitted by /u/WillyNillyInvestor [link] [comments] I know some or maybe all of them, but I’d like to make sure I’m not missing anything … Read more

How did you go about finding a new lender? My current one has had a laundry list of problems for my last few deals and I’m thinking it’s time to move on. (Delayed closings, average 6-10 week closings, it has been a nightmare) submitted by /u/Baronti_Marketing [link] [comments] How did you go about finding a … Read more

Real estate has always been a desire of mine but I’ve had a lot going on that stopped me from making the plunge. My current business is self-operating now so I decided to look around and start reaching out into the RE field. I applied for a buyer’s agent job at KW the other day … Read more

submitted by /u/NateCruzz [link] [comments] submitted by /u/NateCruzz [link] [comments] <a href="Read More“>View Full Article