All Forum Posts by: Sean Cavanaugh

You bet your *** I am still paying for it I should be rewarded from the government for holding on. We are the middle class and contributors of America here at bigger pockets!z. 

Since I've had the house my W2s returns clearly exceeded 100k and Approximately eight months ago I paid off most of our debt which I thought would've helped.

My personal part time jobs of less than two years they would not takealso because of the inconsistency and less than two years employment. 

Evening professionals

Need some answers! I purchaced a primary residence on 2004 at the high of bubble for 385,000 in RI. We put down 80,000 down payment and financed 305,000. 

2 yrs later we got a 2nd mortgage out around 20,000 for other bill and stuff.

Few yrs later we refinaced to a lower rate of 4.75 %. ONLY on the first cause we're at the bottom of the market now.

Now were back trying to refi again and was locked in at 3.75 which includes the 1st and 2nd mort. We have to go the VA route due to 95% LTV.

Currently we owe 285,000 and with around 10,000 in VA fees and other stuff. Total of 295,000

Since I've been married only my W2s showed over 100,000 per year my mortgage and refi has been off my pay only.

Well BAC ordered the inspection and went over the paperwork which shows my FT job over 10 year and my 2 part time jobs less than 2 years.

Now because my wife has only worked PT less than 2 years and no steady employment before that besides being a FT mom.

WE HAVE BEEN DENIED BASED ON HER WORK HISTORY! With both of our scores over 760.

This refi would of helped bring down my mort 2400 to 2000 a month.

ARE THEY DISCRIMINATING IN ANY WAY BESIDES race,relegion,color, etc.

i've been thinking about becoming a private money lender and to do my D/D. I only have 10,000 to invest. Is anyone lending short term 1-6 months and at what percentage?

Last time I looked at my refi my mortgage is still conventional. I will call around other brokers to see what I can do. I know I didn't qualify before for the HARP before but BOA did lower my rates.  

Thank you

a home this is listed for 40,000 in RI is in a flood prone area. The house is able to be flipped as a rental. Question is will anyone buy in a flood prone area even with flood insurance?

Sean

I just found out my home Is valued at 231,000 down another 30,000 from 7/2014. I purchased the home in a affluent town of RI which I paid 378,000 back in 2004 with 20% down.  Soon after we took out a 20,000 2nd on the home. My current rate in 4.75 on the 1st. after a refi in 2009.

I'm still in a conventional mortgage is there any programs out there that I can get a even better rate or reduced payment?

I'm new to REI and would like to get into buy and hold plus short term notes. Have anyone used there SD IRA for purpose of short term notes like 3months and what rates did you ask for.

Vania

I'm from East Greenwich And looking for a multi family myself with good #s and rents
Are you new to investing yourself?

Sean

Looking or P and S used by wholesalers in New England states.