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All Forum Posts by: Account Closed

Account Closed has started 1 posts and replied 162 times.

Post: Is a refinance into a 5% conventional from a 20% possible?

Account ClosedPosted
  • Lender
  • Fairfield, CT
  • Posts 183
  • Votes 82

Hey @Eric Del Gizzo that would constitute a cash-out refinance, not a rate and term so you would not be able to go to 95% LTV.

Post: BRRRR and Rehab Loan near Princeton NJ

Account ClosedPosted
  • Lender
  • Fairfield, CT
  • Posts 183
  • Votes 82

Congratulations!! A great deal and the kitchen looks amazing!!

Post: Looking for a contractor and roofer in Waterbury

Account ClosedPosted
  • Lender
  • Fairfield, CT
  • Posts 183
  • Votes 82

And a contractor! Feel free to shoot me a message!

Post: Looking for a contractor and roofer in Waterbury

Account ClosedPosted
  • Lender
  • Fairfield, CT
  • Posts 183
  • Votes 82

I have a great roofer that serves that area.

Post: New Jersey First Time Home Buyer

Account ClosedPosted
  • Lender
  • Fairfield, CT
  • Posts 183
  • Votes 82

Hi @Shawn Harris
I agree with the above post. Additionally with an FHA loan you can finance up to 6% of the closing costs into the loan which keeps your out of pocket costs as low as possible. If you have any questions with FHA or first time home buyer financing in NJ, let me know!

Post: FHA 203(k) Financing in Northern New Jersey

Account ClosedPosted
  • Lender
  • Fairfield, CT
  • Posts 183
  • Votes 82

Hi @Tessa Schaaf - I am not an investor in Northern NJ, but I do lend in NJ and have financed properties with a 203k loan. I would be happy to speak with you about the differences between a 203k and regular FHA loan and the pros and cons.

Post: House hacking in the Tri-State area for first time home buyers

Account ClosedPosted
  • Lender
  • Fairfield, CT
  • Posts 183
  • Votes 82

Hi @Katelyn Kelly! I currently have a client closing on a house-hack in Bridgeport CT for 350k at the end of July. It's a 3 unit property.

I think Bridgeport and Stratford are going to be your best bets in Fairfield County. You may be able to find a 2-family pop up in Fairfield, although that is a bit rare.

Please let me know if you have any questions about those areas or on the financing (what I help with)!

Post: Is it possible to refi with 1st lien HELOC in NJ?

Account ClosedPosted
  • Lender
  • Fairfield, CT
  • Posts 183
  • Votes 82

Hi @Sam Arak please send me a message, I can help!

Post: South Florida refinance question

Account ClosedPosted
  • Lender
  • Fairfield, CT
  • Posts 183
  • Votes 82

Hi @Chris Bluem ! You would be able to do a cash-out refinance as an investment property without having to have a lease in place!

Post: First investment property purchased CT

Account ClosedPosted
  • Lender
  • Fairfield, CT
  • Posts 183
  • Votes 82

Nice work @DANIEL BROWN ! Would love to hear the details.