All Forum Posts by: Nirav Mehta

what is a mortgage wholesaler? thats a red flag to me. the "put this in writing" sounds very sketchy as well - I think your instincts are right and should likely stay away.

Why would they do 5.8% in 6 months? Why wouldn't they just write that into the note and loan documents so it floats to that rate and you don't have to go through the refinance process again

Thanks, I am thinking about walking away as well

0 Votes

Columbus, Ohio

Recently bought an investment property in OH in cash rehabbed it and now looking to refi to get cash out

Got this weird offer from a mortgage wholesaler

7.5% no points 30 yr fixed for now

Then in 6 months zero cost refi ar 5.8% no points with a 30 year fixed they will put this in writing still waiting on the paperwork

Does even look legit? Never seen a refi structured like this? What question should I be asking the lender?

1 Vote

Columbus, Ohio

I am in Columbus as well add me to the list

1 Vote

Columbus, Ohio

Also what to look for and what questions to ask?

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Does anyone have experience with non conforming condo communities, I have never been through the process of getting a portfolio loan ?

Any suggestions? Are they worth the hassle? Any suggestions on lenders?

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All Forum Posts by: Nirav Mehta

Nirav Mehta has started 2 posts and replied 5 times.

Post: Strange Refi Option on a BRRR Property

Post: Strange Refi Option on a BRRR Property

Post: Networking In Columbus, Ohio

Post: Non Conforming Condo communities

Post: Non Conforming Condo communities