All Forum Posts by: Leondro Brady

Oklahoma. I'm going through AMC Mortgages (amcmtg.com). Conventional loan $180k. Not sure what QM means.

I do tech support, both employed and self-employed. I filed a Schedule C in 2020. 

That would be amazing if you could help me!

After a lot of work and investment, I'm realizing that one key piece of information I didn't know is going to kill my deal: What kind of financial history I need to get a loan.

I was W-2 employed in 2019. Self-employed in 2020. Apparently I need to have a solid 2 years of one or the other in order to get a loan. Now I'm in a position where I need a co-signer or a guarantor. But nobody in my family can help me. I was raised poor and I'm the one in the family trying my best to dig upwards. This is a rough disadvantage, I'll tell ya.

My offer was accepted on this property. I'm so close.

This deal falling through would be pretty deflating. What do I do?

Any help greatly appreciated.

Conventional loan, not FHA. I don't believe there's anything illegal about it

Hi guys, first property buyer here! Woo!

I'm talking to a lender, and since I don't currently own anything, he's suggesting that I go with a primary residence and rent it out under that proviso rather than making it an investment property. I could maybe get a refund from LegalZoom if I don't need the LLC!

Thoughts?

Many thanks in advance for helping this newbie!