All Forum Posts by: Scott Trefethen

Hi William,

Did you have to put together a letter of explanation for the cash out? If so can you mention a few of the ways you explained the reasons you needed the money. I am in the process of doing this myself and am looking for advice.

Kind Regards,

Scott

I am applying to refinance a rental home that I own outright. My lender has suggested that I keep the LOX as streamline as possible and avoid too many details. Can anyone offer advise on how to state that in such a way I convey the idea that I want the money for future investment purposes?

Thanks in Advance

Thanks for all your responses!  It was tricky to get coverage as our house is across the street from the water and most companies don't want to work with possible flood zone units. I have chosen to go with a local agent who was able to put together a decent package for me.  Cheers to all those who read and responded to my post.

Scott

Good morning Everyone. Wow! that's the power of BP. Instant response times.  Thanks to Grant, Sean and James. I will call these companies this morning. Kind Regards; Scott

Hello Everyone,

I have a 1925 duplex in the Norfolk area . I am having a tough time finding decent landlord liability insurance.  Got a quote today for $3,000 with a named storm deductible of $19,500 from one company.  I can put a nice roof on it for way less than 19K.

Does anyone have a suggestion of who I might use?

Cheers!

Scott