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20 February 2025 | 7 replies
I was thinking a bridge loan might be an option , and then refi it later and pay back the bridge loan, but I'm waiting for lenders to reach back out and run some numbers.
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17 February 2025 | 7 replies
The lender is pushing you to do this to get an FHA loan.
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18 February 2025 | 5 replies
My personal home loan has a mortgage balance remaining of 157,000 and it's currently worth 550,000.
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21 February 2025 | 4 replies
One potential route is using a FHA 203k loan for the purchase and rehab if you're okay with living in one of the units for a period of time.
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21 February 2025 | 9 replies
The main problem is that most customers just look at the bottom line and mortgage loan officers know that.
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21 February 2025 | 26 replies
Since 75% of the proposed income more than offsets the PITI of the loan, it's a wash.
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20 February 2025 | 9 replies
Curious if anyone has done that since land loans aren't great terms.
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14 February 2025 | 24 replies
Yes Joel, That would be a business purpose DSCR loan.
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14 February 2025 | 8 replies
We currently have a construction loan on the properties and we would like to refi to a more conventional loan.
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21 February 2025 | 17 replies
I’ve bought 5 houses with 401k loans up to 50k.