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15 December 2024 | 12 replies
The answer is yes, 2nd lien DSCR loans exist and more than one lender can do them, but you would probably have to up your credit score to be able to get up to a total of 75% ltv between 1st and second lienOtherwise, you would have to get lucky on a favorable appraisal.
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16 December 2024 | 7 replies
Back in 1978 when I was starting my real estate investing career I purchased a SFR for $55,000 (its current value) with $5,000 down and the seller carrying a 30 year mortgage at 5% interest.
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16 December 2024 | 3 replies
1.7 % of Loan Amount (Points) - $6,035underwriting fees - $1,400Are the above fees reasonable or not for refinancing a mortgage?
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12 December 2024 | 1 reply
For most of their existence Fannie and Freddie were privatized.
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16 December 2024 | 2 replies
I hope everyone is well, I came here because I need expert advice from you guys, let me tell you my situation: I have a investment property that i purchased 2 years ago and is valued at 65k that does not have any mortgage and that is already paid off, I want to use that property to buy another one for down payment , the question here is: What is the best way to do it. a heloc or a cashout refinance and why. your response will be appreciated :)
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14 December 2024 | 3 replies
We’re looking at buying a rental and are trying to figure out the best course for taking a second mortgage out.
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14 December 2024 | 15 replies
Perhaps refinish existing wood floors rather than install new LVP to save money.
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10 December 2024 | 7 replies
A lot of times it is best if the existing pm is the listing agent so they can negate this along with tenant communications.
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15 December 2024 | 8 replies
They all tell me to got to Legal News because all mortgage related things are posted by them.