All Forum Posts by: Padric Lynch

Currently, many lenders are looking for potential borrowers to have ended their forbearance period and to have made 3 monthly payments towards that loan or any loan they may have had in forebearance, before entertaining a new loan.

Are there any lenders who have more lenient standards than this? I.e. Lending after all loans are in good standing due to a loan modification or paying off the outstanding balance?

@Jacob Girard I'm up here in the market surrounding Cherry Point. Let me know if I can help in any way!

Great job @Drake Johnson. Love the fact that you were able to dig into the issues and figure this one out. Mutually beneficial ending for both you and the seller. 

I guess I won't be seeing you at the meetups any more :'(  Good luck!!

Does having a loan in deferral or forbearance affect loan eligibility when applying for a new owner-occupied residential loan? ie FHA, VA loan

@Andrew S.

Thank you for the clarification!

@Kris H.

I would rather ask the question and get an answer that I don't like, versus going off an assumption that will put me in hot water later on. Thanks.

@Wayne Brooks @Christopher Smith @David M. @Nathaniel J Mott @Joe Splitrock @Michael Plaks 

Gentlemen,

Thank you for the feedback. Much appreciated.

Excuse my ignorance, but what happens if a 1099 isn't submitted?

Contractor request. 

Can I pay a contractor with cash, but still write it off as a business expenses.

If so, what is the best method for doing this? Should I be creating invoices and receipts to document and show proof of money's going out?