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The Uncharted Territory: Bare Land Financing Decoded!

The Uncharted Territory: Bare Land Financing Decoded! https://yournextlender.com/wp-content/uploads/2023/08/Outdoors-1.jpg 1000 1000 Aaron Page Aaron Page https://secure.gravatar.com/avatar/1e5048234ceb75e3d3d90f14f864859a?s=96&d=mm&r=g August 7, 2023 August 7, 2023

Aaron Page
August 7, 2023

Ever dreamt of buying a piece of untouched land, but felt overwhelmed by the financial intricacies? Whether it’s visions of building a dream home, setting up a farm, or just holding onto it as an investment, financing bare land is a unique challenge. But fret not! Today, we’re journeying into the world of bare land financing. So, let’s chart this course together! Bare Land Basics: The Canvas of Dreams First things first, what is bare land? Simply put, it’s a piece of land that hasn’t been developed or improved upon. No utilities, no buildings – just raw, untouched land. Now,…

Quadruple the Fun: Diving into the World of 4-Plexes!

Quadruple the Fun: Diving into the World of 4-Plexes! https://yournextlender.com/wp-content/uploads/2023/08/Calculator.jpg 1000 1000 Aaron Page Aaron Page https://secure.gravatar.com/avatar/1e5048234ceb75e3d3d90f14f864859a?s=96&d=mm&r=g August 7, 2023 August 7, 2023

August 7, 2023

If you’ve flirted with the idea of duplexes and even triplexes, then it’s time to pull out the big guns. Today, we’re venturing into the fabulous realm of the 4-plex. Four units, one property, and a world of possibilities await. So, if you’ve got your property-hunting cap on, let’s set the ball rolling on this exciting journey! 4-Plex Basics: The Four-fold Fantasy Let’s start simple. A 4-plex is a single residential building split into four separate living units. Imagine having four individual homes under one roof. Each unit has its own cozy living space, including bedrooms, a kitchen, and often…

Tripling Your Potential: Embarking on the Triplex Adventure

Tripling Your Potential: Embarking on the Triplex Adventure https://yournextlender.com/wp-content/uploads/2023/08/City-Buildings.jpg 1000 1000 Aaron Page Aaron Page https://secure.gravatar.com/avatar/1e5048234ceb75e3d3d90f14f864859a?s=96&d=mm&r=g August 7, 2023 August 7, 2023

August 7, 2023

Today, let’s turn the spotlight onto an intriguing real estate opportunity – the triplex! Now, you may be familiar with its cousin, the duplex. But trust me, the triplex has a unique charm and a bucketful of opportunities that’s all its own. So, with your property-buying appetite in mind, let’s deep dive into the world of triplexes. Ready? Let’s go! Triplex Basics: Three’s a Party! In the real estate world, a triplex is like that surprise layer in your favorite dessert. It’s a single building divided into three individual living units. Each unit is like its own mini-home, complete with…

Mortgage Calculator Help

You can calculate the mortgage loan amount from the price of the real estate by providing the down payment percentage.

If you know the mortgage amount you can afford and the cash down payment percentage required, you can calculate the affordable real estate price.

Or if you know the price of the real estate and the loan amout and enter "0" for the down payment percentage, the calculator will calculate the down payment amount and percentage.

Points, Annual Property Taxes, Annual Insurance and Private Mortgage Ins. (PMI) are all optional. If you enter values, the periodic portion of each will be calculated and shown on the schedule. Property taxes and insurance are combined under escrow.

If a borrower does not have cash to cover at least 20% of the purchase price, some lenders will require the borrower to purchase private mortgage insurance (PMI) to cover against a possible default. Premiums are typically 0.5% to 2.0% of the original loan amount. The borrower can drop the insurance coverage once the mortgage balance is less than 80% of the original purchase price. The calculator handles this automatically. (There may be other conditions as well under which the lender will no longer require PMI. One such case might be apprciation of the real estate.)

Points are charges that are normally due at closing. Borrowers (normally only in USA) may select to pay a lender "points" up front in exchange for a lower interest rate. Points are expressed in percent and are calculated on the amount borrowed. 3 points on a $200,000 mortgage equals $6,000. If the user enters points, this calculator includes their value in the summary and as part of the total payment at loan origination on the payment schedule.

The term (duration) of the loan is expressed as a number of months.

60 months = 5 years

120 months = 10 years

180 months = 15 years

240 months = 20 years

360 months = 30 years

Need more options including the ability to solve for other unknowns, change payment / compounding frequency and the ability to print an amortization schedule? Please visit, https://AccurateCalculators.com/mortgage-calculator

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The Uncharted Territory: Bare Land Financing Decoded!

Quadruple the Fun: Diving into the World of 4-Plexes!

Tripling Your Potential: Embarking on the Triplex Adventure

Mortgage Calculator Help

We have over 50 different lenders available for us to find the best fit for your home buying scenario!