All Forum Posts by: Kelly Votrenom

They (Avail) reached out to me because of a tenant who was moving; I called back several times to try and contact someone there but never heard from them again.  I ended up using RentSpree and was pleased with how well it worked - you can also upload documents to sign on line.

I can recommend RentSpree and would use them again. 

(in the process I also found a service called Cozy, which seemed to have some additional features (like online rent payments) so you might want to check them out as well)

Shopping for insurance on multifamily property.  I was shown a policy from NatGen Premier that is very reasonably priced, but I know little of the company and online reviews are scarce.  Anyone have any experience with them?

I am really just looking for the lowest payment.  It's questionable about a 30yr, my AGI is low but I did contact somewho seemed that it was a possibility.  I am not in a cash crunch so I think I may wait until the prime rate assessment in March.  This year should show income improvement so I can wait a little bit to re-apply.  I think I may steer clear of the modification for now.  I will continue to look for a lender to work with for new mortgage.

My HELOC is coming to the end of it's draw period and my income has changed so that I have not been able to qualify for a new loan. Since interest rates are changing I don't want to stay with the HELOC to the end of the term. My credit is excellent and I have no debt other than the HELOC but my DTI is high. No late payments, virtually no credit card debt, no other loans other than the HELOC. LTV is 70-80%.

I have been offered a loan modification by the bank but they have said that it may affect my credit score. The terms of the loan is 30yrs @ 4.00% with no fees. My current HELOC is 15yrs at prime -1.01. I have been told that the modification is reported as a 'Government Modification' and has a greater negative effect than a ReFi.

My questions: how does the loan modification affect my credit history? How can I get a new mortgage with a low AGI?