All Forum Posts by: Karine Arditi

Thank you.  Are there potential consequences for when I look into my next loan?  

@Elise Marquette thank you, that is my question.  If life circumstances change, will the bank revoke the rate for the first primary residence loan? 

How long does a lender usually want a borrower to live in a primary residence before they move out and make it a rental property, (in order to keep the lower primary-residence loan rate)? 

Looking for resources in the Palm Springs area (Cathedral City and surrounding areas as well) for a micro rental. If you know a landlord looking for a long term renter, please send them my way. At least a 3bedroom home or larger.  Any resources or contacts are welcome.  

Thank you Doran, are you a broker?

I've seen a lot of posts about hard money lending for short term, fix and flip investments, but I am considering a HML for a long term investment. My hesitation is the interest rates are so much higher. I don't qualify for a conventional loan since I am not currently employed.  Is HML recommended for a buy and hold investment or is there an option I may have overlooked?  

If HML is recommended, do you have experience with LendingHome? I've read mixed reviews.

I can’t get a mortgage because I had a COVID year and did not work but have the funds for real estate.  I have enough for a down payment and enough for emergency fund+3 mos vacancies.  Just can’t get a loan because they need a regular paycheck (instead of just having financial security).  Can’t find a co-signer because, surprisingly, the people I know do not have a regular income either (ie business owners that write off expenses and tax deductions).  Please help.  What do I do next? How do I get a mortgage.  The rates are low.  So I would love to get in now.  Thoughts?