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Updated 16 days ago on . Most recent reply

User Stats

2
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4
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Jerry Sanchez
  • Homeowner
  • Quincy Washington
4
Votes |
2
Posts

New to the community

Jerry Sanchez
  • Homeowner
  • Quincy Washington
Posted

I am looking to network with folks that are seasoned in real estate inventing. I got two properties and I already have a pre-approved HELOC of 150k from my primary. I am stuck with not wanting to touch my HELOC and waiting for about 3+ years now on my secondary to refi to a lower rate to cash out and use that to buy another property.

Loan Type: Conventional / Interest Rate: 6.625% / 30 year

Original Loan amount: $249k
Balance: 229k

Due: 1,948k
I pay : 2248

Loan Type: Conventional / Interest Rate: 2.375% / 15 year

Original Loan amount: $242k
Balance: 147k

Due: 2,091k
I pay : 2,291k

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