All Forum Posts by: Tim Johnson

Can you use the equity in your home/rental property to buy discount points for a mortgage.

I did a little research of my own and it seems like you have buy these points out of pocket?

Is your W2 income being taken into consideration here, assuming you have one.  I'm a little confused by the initial post?

@Rob Poole You stated there were several beneficial reasons why you send out eviction notices automatically, if you don't mind, could you give us reasons why doing this would be in our best interest.

@Chris Mason So the .85% you speak of regarding FHA is added to the loan as Mortgage insurance. It's .85% of the purchase price + interest?

@Brent Coombs you mentioned refi at a higher rate, does that always happen when you refi? I assumed there were some conventional loans out there that were lower than FHA.

Waiting for replies....

@Bob Rowe - why would you consider these forms of lending, "bad  lending" ? Is it harmful to the lender or investor.

I would like for people with experience to explain the difference between these two, and give an example of when it's best to use one over the other when getting a loan. Thanks.

From what I have learned, if you obtained your license in California than your able to be a legitimate sales agent in all 50 states. Somebody please correct me if I'm wrong.

@Diane G.

In your case 1 example you stated the broker wanted 70% down for the loan to go trough. Are these percentages what private lenders and banks want or is this just what is needed to put down in order to cash flow? I'm a new investor, and from what I have learned thus far, putting 50-70% down is not the best way to leverage. Would love to hear more from people more experienced.