All Forum Posts by: Paola Astrid
Paola Astrid has started 4 posts and replied 10 times.
Post: Refinance DSCR Conventional?
- Posts 10
- Votes 8
Quote from @Derek Brickley:
For you to refi to an investment loan, it probably isn't worth it. Rates/terms are going to be much worse. Don't get me wrong I'm happy to help get you some estimates if that's useful hahah but still not something I'd recommend. If you're looking to househack again, then the conventional 5% down is a very viable alternative to the 3.5% down FHA option.
Appreciate it! I'll DM
Post: Refinance DSCR Conventional?
- Posts 10
- Votes 8
Quote from @Robin Simon:
Quote from @Paola Astrid:
Should I refi to dscr or conventional to remove pmi? 2 unit house 30 year FHA 6.6% major renovations (roof,bathrooms,kitchen,etc) home has appreciated 397k when appraised to 550k zestimate (similar comps in the area are 500k). Is it worth to refi at current rates? Thanks!
Going to depend much more on more details / your personal situation - all things equal you will probably get better rate/terms on conventional if you qualify for both
Post: Refinance DSCR Conventional?
- Posts 10
- Votes 8
Quote from @Erik Estrada:
Are you currently living in the home? DSCR is for non-owner occupied residences only.
Post: Refinance DSCR Conventional?
- Posts 10
- Votes 8
Should I refi to dscr or conventional to remove pmi? 2 unit house 30 year FHA 6.6% major renovations (roof,bathrooms,kitchen,etc) home has appreciated 397k when appraised to 550k zestimate (similar comps in the area are 500k). Is it worth to refi at current rates? Thanks!
Post: FHA Loans Refinancing
- Posts 10
- Votes 8
Thoughts on refi FHA into DSCR Loan? FHA rate of 6.625% but looking to lower PMI. Reno and house appreciated quite significantly 400k to 550k estimated.
Post: Newark NJ Property Management s8
- Posts 10
- Votes 8
Hi,
Working FT and finished renovations on a 2 unit home. It has appreciated greatly in the west ward and wanting to keep it but don't want the people interaction. Anyone recommend to sell or to find a PM and do you recommend any PM thanks.
Post: Looking for lenders for a dscr loan around 150k in Pittsburgh PA
- Posts 10
- Votes 8
Have some cash on the side that would like to deploy on another property. I don't want to liquidate my stocks to buy it full cash and so I'm looking for a DSCR loan. Appreciate any tips as well!
Post: Using HELOC to purchase first investment property
- Posts 10
- Votes 8
Hi Yim Yang, how did it pan out? Curious to see what you decided and how it worked. Thanks
Post: NJ Ecourts did the tenant get served by the officer?
- Posts 10
- Votes 8
Thank you! I will, I know where they work too so hopefully that will be helpful. Thank you!
Post: NJ Ecourts did the tenant get served by the officer?
- Posts 10
- Votes 8
How can I know if the tenants have been served by the NJ courts? I have a trial date does that mean they were served? I also see under SVC status (PS, PS, PS) there's three tenants, safe to assume they were served?
(Saw them starting to move out yesterday they have not communicated or provided fwd address) Let's call them The Rushmores, they have overstayed unpaid for 7 months now!)
***I had a nightmare tenant (let's call them The Crystals) that didn't provide a fwd address either in the past and kept saying they would sue for the security deposit blabla but never did anything, kept the security deposit for their last month so they didn't overstayed, therefore I didn't chase them for the rest of the lease amount since they vacated, happy they were gone.
In the case actions I see an officer was assigned, this is the first time I see this portal (created account to be able to look up the case once I saw the Rushmores packing up and leaving? on Friday 5pm), noticed it Friday 5:30pm so couldn't ask my lawyer which was the one who submitted the complaint,yes I have a docket number.
Thanks everyone I'm new to this! I gave them fictional names so it's easier to differentiate the past case.
