All Forum Posts by: Kyle Gadberry

The 2nd won't get their money until you sell the home. Also, the 2nd may try to foreclose but they can't foreclose without permission from the 1st lender. As long as you're making payments on the 1st, they won't foreclose.

@Jeff S. Still need help?

@Kyle Allen 20-25% cash down and a 1.2 debt coverage service ratio will help with getting financing for a multiunit property. For starters.

@LaShonda Welch still need help?

@Tyrel Holman With 20-25% down pmt on a multi family property and a debt coverage service ratio of 1.2.

@Sam T. Still need help?

@Patrick Philip I will see what I can dig up on my end and get back to you. What type of property is it?

@Robert Arnold Doesn't hurt to ask your current lender if the loan if fully assumable. 

Land loans are hard to get these days. May be able to 50% ltv max on the land. After the land is purchased you can usually get good terms on the construction loan. 80-90% LTC.