Let's face it; few software programs can adequately account for even
simple loan scenarios.
Not exact matches
In this
simple scenario below, extending a 10 - year
loan to 20 years reduces the monthly payment by $ 109, or 41 % versus the 10 - year bill, but the total interest more than doubles.
The lender's use of online
loan applications make it
simple for new customers to explore the possible
loan scenarios at Quicken and keep track of their progress as the origination moves forward.
I know im burning a few extra thousand in closing costs... the only reason I used a conventional
loan on my first BRRRR is for the
simple fact that my exit strategy is key, if for some reason I missed my ARV by a long shot, I'm still cash flow positive with my current
loan @ 4.75 % and worst case
scenario if I needed to i could keep my current
loan in place.
We find it is easiest to talk through your
loan scenario as we can determine in a matter of minutes, once we have a few
simple questions answered, if we can help.
The
simplest scenario, says Lori Jasicki, a senior
loan officer and a branch manager with Inlanta Mortgage in Brookfield, Wis., is to make your purchase offer contingent on the sale of your home.