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All Forum Posts by: Emmanuel Blakemore

Emmanuel Blakemore has started 0 posts and replied 4 times.

Post: New Investor in Real Estate – Eager to Learn, Connect, and Grow!

Emmanuel Blakemore
Posted
  • Miami, FL
  • Posts 4
  • Votes 3

Great to hear Kumar! We do a ton of business in PA and currently in the process of closing out a Multi-family in western PA. Would love to connect and see how we can  best be of value to each other. 

Post: Conventional Loan without Full 2 Year Work History?

Emmanuel Blakemore
Posted
  • Miami, FL
  • Posts 4
  • Votes 3
Quote from @Andrew Self:

Hello everyone. Are there any lenders here that can finance a conventional loan without a full 2 years of work history? Full work history with no employment gaps since October 2023. Currently making $80000 salary. Lowest credit score of 713 and other 2 scores both 760+. Would really like to go conventional as a DSCR with no PPP has a much higher interest rate. I know we can start with DSCR and refinance, but then you're paying closing/origination costs twice. Anybody able to help?


 Hi Andrew, there are few ways to get this financed for you with a 1 year work history, but of course the devil is in the details. We will need a little more clarity on what you did prior to 2023. Also, we have very competitive non-qm options that will allow you to avoid the overlays given when going with a GSE loan while also offering comparable rates. Feel free to reach out!

Post: Purchase and rehab lenders

Emmanuel Blakemore
Posted
  • Miami, FL
  • Posts 4
  • Votes 3

Hi Charles, as Matthew as pointed out above, the deal will be priced aggressively due to the high rehab component. We can definitely take a look at it for you and offer some rough terms for your client. 

Thank you.

Post: Home Equity Loans vs. Home Equity Lines of Credit: What's the Difference?

Emmanuel Blakemore
Posted
  • Miami, FL
  • Posts 4
  • Votes 3
Quote from @Jorge Vazquez:

When tapping into your home's value, you have two main options: a home equity loan and a HELOC (home equity line of credit). A HELOC works like a credit card—you can borrow, repay, and borrow again, making it flexible for ongoing projects like flipping or renovations. Remember that interest rates are variable, so they can change over time. On the other hand, a home equity loan gives you a lump sum with fixed payments, which is more predictable and great for one-time expenses like consolidating debt or buying a rental. Both can offer tax perks if you use the money for home improvements. It comes down to what fits your needs—if you want flexibility, go for the HELOC. If stability is more your style, the home equity loan covers you. Need help figuring out which one's best for you? I'm here to help! Jorge

Tell me, how are you using your HELOC for Real estate investing?


 That is a great breakdown of the key differences Jorge! I would like to add, however, that not ALL HELOCs are variable interest. We offer products with fixed-rate HELOCs that give you the benefits of both worlds. :) Available for primary homes, second homes and investment properties.