All Forum Posts by: Joshua Martin

@Bryan Maddex Good afternoon Bryan

Wow! That was a lot of great information. A few things did go over my head. First being, how does the higher rate create profit on the loan. Also, my biggest question on the IRRRL is does the IRRRL just lower to whatever the current market rates are?

Thanks a lot for the info!

@Trevor Finn yes, there is a very likely chance of having to sell the house due to relocating next year. Would like to hold as rental but not sure about that. 
Thats a great point about the HELOC fees. Thanks a lot for the insight.

@Caleb Brown  

Current rate is 5.8

Its also a VA loan, ive heard of (but am not too familiar with) the VA IRRRL benefit which should allow me to lower my interest rate in accordance with interest rates if they lower again. Not too sure about that though.

Hello,

I am looking to transition to the Charlotte, NC area. Main problem is none of the home on market fit our needs/wants. I am in contact with a realtor in NC and was informed that builders there will not build without a budget of at least 1million. Wondering if anyone has insight on that. My budget is around 550k

Hello all,

I have owned my primary residence for 3 years. I have renovated with contractors and some DIY. All together around 80k worth of money invested. Looking to get that cash back as soon as possible to use it to fund my business. Intentions are to rent the house out next year and find a new primary. Wondering if it will be a waste in fees paid to either HELOC or Cashout Refi because there may be a possibility of having to sell to get the primary residence we want next year and end up paying Realtor fees to sell it.

Thanks in advance.