All Forum Posts by: PJ Collazo

If you are looking to purchase an investment I would try to get a cashout refi, heloc, or bridge on the current home if that's a primary. Given where your current rate is and when you bought the home means a great deal here. There are a few unanswered questions here first. Where is the home located? What is the current rate you have? About how much equity do you have in the property?

The home is located in Las Vegas and the current rate is 2.75%. 15% equity on original loan. I expect an appraisal to be around 45% equity based on comps

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How lenient are lenders in the current economy with deducting prospective rent when seeking a mortgage on an investment property?

I'm wanting to downsize, rent out my current home (45% equity atm), and purchase a new primary residence.

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All Forum Posts by: PJ Collazo

PJ Collazo has started 1 posts and replied 2 times.

Post: Can I qualify for a new mortgage using prospective rental income?

Post: Can I qualify for a new mortgage using prospective rental income?