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All Forum Posts by: Chris Wharton

Chris Wharton has started 0 posts and replied 78 times.

Post: Which banks can finance Investment Properties under 100k?

Chris Wharton
Posted
  • Lender
  • Columbus, Oh
  • Posts 82
  • Votes 72

@Melanie Daigle let's chat this week. I could do 1:30pm (EST) Monday.

Post: Which banks can finance Investment Properties under 100k?

Chris Wharton
Posted
  • Lender
  • Columbus, Oh
  • Posts 82
  • Votes 72

@Rommel DeGuzman I assisted a client with a $28k mortgage last year, pretty sure I could help you out. Let's connect and see what can be done.

Post: Cincinnati Ohio !!!!!

Chris Wharton
Posted
  • Lender
  • Columbus, Oh
  • Posts 82
  • Votes 72

@Michael Wilkinson did we attempt to connect last night via text? If so let's chat today and see how we can help you out.

Post: Best methods to acquire first investment property ?

Chris Wharton
Posted
  • Lender
  • Columbus, Oh
  • Posts 82
  • Votes 72

@Stedman Valentine let's have a chat about lending options. Give me a date and time and we'll make it work.

Post: Midwest (MI, OH, and IN) Commercial Lenders

Chris Wharton
Posted
  • Lender
  • Columbus, Oh
  • Posts 82
  • Votes 72

@Brian Esser - let me know if I can work up some figures for you.

Post: Finance wanted 5 Free and Clear Properties

Chris Wharton
Posted
  • Lender
  • Columbus, Oh
  • Posts 82
  • Votes 72

@Mike Gardner conventional terms are pretty advantageous these days. Let's have a chat about your options. I'm free to discuss anytime.

Post: Need advice on out of state loans

Chris Wharton
Posted
  • Lender
  • Columbus, Oh
  • Posts 82
  • Votes 72

@Oscar Padilla let's chat. With 30yr fix rates at all-time lows, most folks find the value in this option.

Post: beginner real estate investing

Chris Wharton
Posted
  • Lender
  • Columbus, Oh
  • Posts 82
  • Votes 72

@Benjamin Obeng let me know if you'd like to discuss financing options.

Post: Leveraging Paid off Rental Homes

Chris Wharton
Posted
  • Lender
  • Columbus, Oh
  • Posts 82
  • Votes 72

@Steve Vaughan when equity is withdrawn it's considered a cash out refinance. When proceeds are used solely to satisfy an existing mortgage it's a Rate and Term. Hopefully this helps you moving forward.

Post: Leveraging Paid off Rental Homes

Chris Wharton
Posted
  • Lender
  • Columbus, Oh
  • Posts 82
  • Votes 72

@Michael Glist in my experience cross collateralization can hem you up a bit when it comes time to release property from the note. Amortization could be <30yrs and potential prepayment penalty.

We helped a seller to refi several properties out of this structure all so just one could be sold. Just felt like the bank had too much leverage.