All Forum Posts by: Mark Robles

Good Morning,

I believe I had worded my question wrong. When I go from HML to Conventional, is this going to be an application for refi or purchase from the CML's stand point?

Thanks Mark

Good morning Albert,

That was the way I stated to the Lender,. They are telling me as an example. HML 80/20 deal done. ARV is say 120. I , let say want Conventional at 75K , I would need 15-20% down on the requested amount. This case would be 11250 to 15000.

Sincerely Mark

Talking with Conv. Lender, States the amount financed by them would be 80-85% of Appraised or Purchase Agreement.

Mark

Good evening,

 Has anybody taken investment property from a Hard Money Lender too Conventional?

 My Conventional Lender is stating that 15-20% will be needed do to the amount stated on the form.

Thanks Mark

Good Afternoon,

The issue I am running into is taking a property from a Hard Money Lender too Conventional. Lenders are requiring 15-20% Down. of the Sale/ Appraised Price. Is there a way to do this as a re-finance?

Mark

Good Morning,

Will Mortgage Lenders loan 80%LTV without down payment?

Price is comparable for this area. Don't agree with the sellers expected rent price.

I have to contact seller to get the final numbers.

Good Morning, I was inquiring if anybody had any thoughts on this particular Deal I am looking at. Seller wants 10% down w/ closing costs and they carry 'back Paper' @10% amortized over 15 year. Sounded a little much . Any thoughts?

Thanks Mark

MRP Enterprises

Got my Realtors, GC and Attorneys set. Deals not to terribly hard to find. Now onto the Cash Man.:)