All Forum Posts by: Matthew Thorp

With wages only going so high and with interest rates higher, do you think first time home buyers will be buying in less desirable areas that now they can only afford or continue to wait to buy? 

I can help you out. Message me if your still interested.

I would use the cash flow to pay back the heloc loan. I read that the heloc rate can change though, can you get a fixed rate?

So heres my situation, I have my primary residence which is worth roughly $340,000. I have not talked to a lender yet for my HELOC but I have run the comps and thats what I have assumed it is worth. My mortgage is $250,000. I would like advice on trying to get a LTV of 90% so I could get a credit of $56,000. My second question is if I am able to get a HELOC can I use that as a down payment on an investment and finance the rest with a conventional lender then refinance the whole property so I can get my HELOC back and pay it off?

@Ron S. is that Florida law or California?

So if I am to purchase a 1st mortgage will the 2nd mortgage be dismissed

I was told that the HOA fees were dismissed.

Is there a way I can do it myself?

How do I know if I am buying the first or ?second mortgage in florida? Is anyone successful with buying foreclosures and selling them right away? I am in the business of flipping houses but buying prices are getting too high and I am looking for alternative methods to purchasing properties.

i was looking for something that i didnt have to pay