Investor Real Estate Accounts

For real estate investors to keep track of their properties rental performance and tax information in one place.

This blog covers the general topic of real estate markets.

My Mortgage rate resets to 7.25%...

first posted: 2022-10-20 12:57:31.841779

I have a mortgage since Nov 2017, LTV 60%, 30Y amz, Prime+1% floored @ 5.5%, fixed at 5.5% for the first 5Y. I am hitting my first reset at 7.25% next month.

My net income yield based on market value is just below 5%. Having this mortgage contributes to decrease my profitability. After discussing the situation with my loan officer I decided to pay it back.

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