All Forum Posts by: Graham Parham

@Steve Matthews  My bank offers a Debt Service Program, very similar to the old NINA program which is no income and no asset.  

@Ross Drucker I concur what @Chris replied.  FNMA has increased guidelines to support up to 10 properties. I blogged about that last week.  Most individuals believe it's capped at 4.  Also, they have increased the tolerance for risk to allow 20% up to 6 loans and 7-10 requiring 25% down.  This is an investor's dream come true !! 

Welcome to BiggerPockets.  I welcome any questions and/or discussions.  

Welcome to BiggerPockets.  I welcome any questions you may have. 

Welcome to BiggerPockets!  I welcome any questions about the Florida market.

Welcome to BiggerPockets.  This is a great site.....I welcome any questions.

Welcome to BiggerPockets!  I welcome questions and/or discussions. 

Welcome to BiggerPockets.  Let me know if you have any questions about the Florida market.

You are correct.  Most lenders and most loan officers don't want to mess with loans less than $100,000.  With all the refinancing going on these days they would rather  pick and choose the low-hanging fruit alone out there a lot higher so they can better spend their time  on making money what's larger loan amounts .  We have to be able to find  a loan officer that specializes  investment properties which are typically below $100,000. 

If you have no more than six loans in your portfolio, then you should be able to do a cash-out refinance up to 75% loan to value. The key is working with lenders that are doing business in your Market that has the appraisal staff that understands the product and maximize this year value