All Forum Posts by: Jil Tin

Today morning, I was listening to NPR news

https://ww2.kqed.org/forum/2016/09/23/silicon-vall...

In Mountain View, where nearly 60% of residents are renters, the average monthly rent jumped more than 50% from 2011 to 2015. In response, advocates in many small Bay Area cities, including Mountain View, Burlingame and San Mateo, have put rent control measures on November’s ballot. Forum debates these measures and discusses what it means that campaigns for rent control — normally found in large urban areas — are migrating to the suburbs.

Spread the awareness...

I live in San Jose Bay area, already own four SFH properties with 4 loans+one HELOC.

Planning to buy one more SFH for my primary , down 20% or 25%, leaving current primary as rental unit. I leave this rental I have excess positive cash flow around $700/month after expenses.

The new purchase contract is just above 1 M and I am pre-qualified/pre-approved by bank of america leaving current primary as rental. Whatever I understand, BOFA is slow and complex in loan processing.

There are some restrictions, I heard lending beyond 4 homes.

What are the good banks I can approach for 5th home purchase?

1. First Republic

2. Union Bank

3. Bank of west

4. east west bank

5. Any other lender

Can you review, based on your experience, which is better?

Thanks in advance.

Nader,

Excellent, I sent Private Message to you.

Thanks

I live in SF-Bay Area and looking to purchase multiplex/SFH in San Mateo, CA. I am pre-approved for 1.4M range.

Since I have multiple rentals (3) and Primary home mortgage, my case becomes complex with current mortgages 50% LTV . In my past, even though they pre-approve, Under-writers put me in to issues - final minute.

I do not mind paying extra $5000 or 0.5% interest rate, but would like to engage a good lender who can reliably provide me.

What are the list best lenders, lenient on mortgage lending, I can approach? SOFI or Bank of west...etc at present?