Conventional Financing For Foreigners....... What You Need To Qualify.
Friday, March 06
Here are Guidelines for Getting Approved for Financing. I hope you find this helpful, as I get many questions on Foreign Investors and Getting Approved For Conventional Financing.NON-U.S. CITIZENS Social Security Number In order to ensure that the borrower(s) is legally able to reside and work i...
What You Need To Know About Cash Reserves!
Friday, February 27
Acceptable Sources of Reserves; Cash and assets that are liquid or near liquid Checking or savings accounts Investments in stocks, bonds, mutual funds, certificates of deposit, money markets funds and trust accounts The amount vested in retirement savings accounts Ca...
All About Delayed Financing........ Cashing Out Prior To 6 Months.
Friday, February 27
Delayed Financing ExceptionA cash-out refinance within six (6) months of a purchase transaction when no financing was obtained for the purchase transaction are allowed under the following parameters: The new loan amount is not more than the actual documented amount of the borrower’s initi...
Conventional Primary & Investment Financing For Up To Ten Properties!
Friday, February 27
Here is a link with a list of the conforming loan limits for 20172017 List of Conforming Limits.Here is the site to look up FHA and Fannie Mae/Freddie Mac Loan Limits. FHA & Fannie Mae Conforming Limit Look Up.You can borrow for up to 10 conventional mortgages, down to a price of 40k, and up ...
Financing A Sub $50k, Sub $30k, Sub $20k Mortgage, Investment Property
Wednesday, February 25
You can borrow for up to 10 conventional mortgages, down to a price of 10k! You have the option of a 15, 20 or 30 year term.For A Fixed Rate Purchase, Investment properties, Mortgages 1-6; A SFR requires a LTV of 85%A MFR requires a LTV of 75%A minimum credit score of 620For A Fixed Rate Purchas...
All About Conventional Cashing Out, On Those Properties 1-10!
Wednesday, February 25
Recent changes to CASH OUT Financing;- Conforming limits increased across the board everywhere! Here is a link to see the max for your area!Look Up Conforming Limits For Your Area! BRRR / BRRRR....... Buy Rent Rehab Refinance..........& RepeatCASH OUT FINANCINGA cash out refinance is a ref...