All Forum Posts by: Ricardo Flores

@Adam Fiore Thanks Adam. 

@Benjamin Dilg Why HELOC and not Refi? Are you looking for a better interest rate? Or just avaliability to equity?

@Chris Lord thanks for the info I will check them out.

@Chris Lord what's the interest rates look like? Im looking to refi a rental in Las Vegas, but been getting quotes 5.25% 

@Benjamin Dilg I believe Non Owner Occupant. But i could be wrong..

Do you guys know of any National Banks offering low interest rates for refinancing a SFH in Nevada? Credit score is around mid 700. Current numbers are...

Owe less than 100k

Home value 220-240k

Not looking to cash-out just lower payments.  Maybe go from a 30yr to a 15yr loan. 

Plan is to cash-out in a year or two to buy another rental. 

Buy the house. 

@Joe Barton @Matthew G. is correct,  If the debt is credit card debt, pay it off. Student loans are flexible and I consider mortgages as good debt. 

@Quincy Gordon Jr. I would definitely get an AMEX, Capital One card and Discover. Maintain usage between 10%-20% depending on limit.  Try to keep revolving credit controlled and use loans wisely.    

@Ashish Acharya thanks for the quick numbers check. I like the spreadsheet. Where can i find something like this?

@Joan-Marie Pagan Yes your Adjusted Gross Income. lol tax talk.