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24 June 2024 | 0 replies
The Programs includes or covers:- Up to $2.5B in second loan purchases- A maximum programs duration of 18 months- A maximum loan amount of $78,277- A minimum seasoning requirement on the first mortgage of 24 months- Only for Primary ResidencesThe effect of a guaranteed government backed second mortgage for homeowners would be significant and likely put eligible second mortgage terms in line with below market FHA and guaranteed first position mortgage rates.
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23 June 2024 | 5 replies
I believe this duration is ideal for attracting professionals on temporary assignments, traveling nurses, and individuals relocating or renovating their homes.
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26 June 2024 | 33 replies
Why would replace her income via STR when fixed income is as high as it may be in her duration, and is more risk-off?
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23 June 2024 | 1 reply
. - Closing duration of multi plex mortgage loans is typically 45-60 days and more complex transactions can take up to 90.
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24 June 2024 | 8 replies
For DSCR loan interest rates, this generally means tracking movements in five-year Treasury bonds (this is the best investor alternative for DSCR loans since the average duration a borrower holds a DSCR loan before selling or refinancing is around five years).Note on Numbers vs.
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22 June 2024 | 3 replies
Once you see that a company offers such a guarantee, check the Better Business Bureau to see whether consumers complain that the company hasn’t followed through on that promise.Expectations should vary based on the duration of the programs as well.
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21 June 2024 | 1 reply
This can be achieved through a process called "note selling" or "note assignment" to a note buyer (investor).The terms of the note (interest rate, monthly payments, duration) are crucial as they determine the value of the note to the buyer.
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18 June 2024 | 14 replies
Lastly, I'm not sure if it makes sense to give a specific duration for how long you should search within a market (considering economic conditions and all), but if I had to I would look into a market for about 3+ months before moving on to the next.Hope this helps someone & thanks to everyone who responded to my initial post!
16 June 2024 | 5 replies
State a max lease duration if your concern is that you will actually wind up with a long term rental with Susie and Susies boyfriend.
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18 June 2024 | 0 replies
For DSCR loan interest rates, this generally means tracking movements in five-year Treasury bonds (this is the best investor alternative for DSCR loans since the average duration a borrower holds a DSCR loan before selling or refinancing is around five years).Note on Numbers vs.