All Forum Posts by: Logan Larochelle

I'm looking for some advice on what's best for my situation.. 

I currently own 2 homes but would like to do a cash out refi on one of the homes to have some cash on hand. I own $50,000 on the home it is worth $120,000 I'm thinking of taking out 80% of the value

Should I take the cash out or what are some other creative ideas or better advice?

So I have a Pine  tree that fell and broke my fence, but the main problem is that it has not completely fallen and the fence is holding the tree up at the moment and it is leaning over my neighbors house.

So my problem is I called my insurance company they said they will send a adjuster to asses the damage but they stated  I need to call a tree company and have the tree removed and that I have to pay for the tree to be removed and they will re imbursed me. So I have to pay $1,500 to the tree company and $1,000 to repair the fence first? Shouldn't the insurance company pay for this? (Or how does it work) 

When it's all said and done I pay $2,500 out of pocket for the work then I pay a $1,000 deductible  to my insurance that's $3,500 out of pocket to only have to wait for a check by my insurance company, this doesn't sound right to me 

yea there is a Lender in my area saying they don't charge closing cost I'm trying to get a better interest rate than the 4.75 that I have at the moment.. But I do know that no closing cost = higher interest rate most of the times but my credit is a lot better then before 

I also have a pmi on the $51k loan that I would like to get rid of at the same time 

Ok I have a few questions.. 

I currently own 2 homes and they both have a mortgage. 1 mortgage is at $39k and the other home is at $51k. Am I able to refi the home loan at $51k to $90k to pay off the other home? If so what are some things i would need to

Do and any guide lines? 

I would say the house at $51k is worth around  $100k 

ok here is what I am trying to do, I own half of the duplex and the owner that owns the other half wants to sell in January. I just  changed my primary address to a home I bought 3 months ago so and I don't have enough money for a investment purchase of 20% 

What are a few ways that I can get financed without the 20% or have her transfer the dead. She wants $50,000 for the place and o can't use conventional or fha. I possibly could use my sister Info but if like to get it myself. 

ok, I am currently wanting to own my 3rd investment the other half of the duplex is going up for sale and I don't want a random person owning it , but I need a another way to get a loan since I just switch my primary residence to a new home last month..  and it cannot be hard money, I've heard of a portfolio lender! Does a portfolio lender require 20% down? Or is there other ways I can get a loan?

2nd loan on a new property. Switching primary residence

@michael noto

I'm purchasing a second home, this will be my 2nd loan.

So I have a loan currently on my primary residence, I'm trying to get another loan and switch my primary residence this to a new home. Idk of this makes sense

I'm currently looking to choose which to get a loan from and what's easier to get a 2nd loan from a small local bank or big banks

What are the differences? Between small local banks and the big top banks like Bank of America, Wells Fargo. Is one easier and smoother to get financed on a second loan?

ok I have a few questions, I already have a home loan at $40,000 this is my primary residence, I have had it for a little over a year now and I went through Wells Fargo, now I'm looking for my second home loan, in which I plan to switch my primary residence to this new property. should I look for a alternative bank than Wells Fargo(Wells Fargo already pre approved me for $60k for a 2nd loan, but my loan office stated it has to be move in ready for some odd reason)? If I go with a smaller local bank would it be easier for me to get financed? Any suggestions

My info

Credit score 775

Income $28k

Savings $15k

Going through conventional loan 5% down, or if it looks better I can put more

Any help would be great I'm in the apopka (Orlando),fl area any great small banks in the area?