Out of curiosity, homeowners, would you recommend it for someone young who hasn't settled down yet, assuming you could pay off the mortgage fairly quickly?<p>Is there a lot of hassle in renting out an apartment using a broker, is hiring a property manager difficult, are there are surprising fees that make it a bad investment?
I've seen rates as low as 2.75% on Better (500k mortgage with 5% down). As someone who was a first-time homebuyer a.little over a year ago, I've been wrestling with the pros and cons of refinancing now to drop my 4.2% interest rate. A few friends and coworkers have done it recently, but it seems to only make sicne if you're not getting killed with closing costs.
I was rejected for one a couple of months ago even though I could have paid it in cash a few times over.<p>They really don't like start-ups that don't have super regular income flows, and really don't look at much else if that condition isn't met. I assume a few people on here are in that bucket.