Ahmed Moustafa
Seeking Advice on PMI Removal for Fannie Mae HomeStyle Renovation Loan
5 December 2024 | 5 replies
In some cases, Fannie Mae may approve a PMI removal even earlier than the 2-year seasoning period if you can prove the substantial increase in the property’s value.Speak with Your Lender: Given the complexity here, consider having a direct conversation with your lender and asking for a specific review of your PMI removal request based on the current LTV and any potential reappraisal opportunities.In summary, while it’s generally required to wait for the two-year seasoning period for PMI removal on HomeStyle loans, there could be flexibility depending on the lender’s interpretation of Fannie Mae's guidelines and your property’s new appraised value.
Parker Pattschull
Appropriate response time from syndicators.
27 November 2024 | 16 replies
If you're not already, I'd do some old-fashioned in-person networking.
Ryan Dunn
Unexpected Rate Increase on BRRRR Loan – Is This Normal?
10 December 2024 | 36 replies
It depends on the lender.
Daniel Hartless
Low down payment for part time occupancy
3 December 2024 | 4 replies
You could look at NLV or Henderson depending on where you’re going to school.
Cole Farrell
Starting with a SFR is a mistake - prove me wrong
5 December 2024 | 6 replies
Ultimately, it depends on each investor’s risk tolerance.
Nicholas Minich
Starting out- Have the cash flow/ HELOC
4 December 2024 | 6 replies
LOC's can have negative effects on your future purchasing power if not set up correctly and keeping in mind you can "never" use an LOC as a reserve or asset.It will always be a debt burden and can over inflate your back end debt ratios depending on the W2 income and your liabilities.
Frank Dean
Section 8 rent
8 December 2024 | 12 replies
You don't need to do section 8 to make positive cash flow, but I guess it depends how much positive you want.
Nick Ragucci
What to do with a rental
2 December 2024 | 4 replies
Holding is doable but it depends on your financial position, with a refi you'll have costs to do that and your numbers would be different.
Marc Shin
STR Furniture - cheap vs expensive
2 December 2024 | 10 replies
So it depends on who your target client is.
Nelson Badillo
Housing Choice Voucher Program Inspection
2 December 2024 | 5 replies
The inspection will also vary depending on whether there are kids in the house or not - they don't care about a couple small flaking paint spots if there are not children.