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12 April 2024 | 7 replies
If the plan is to stay with a commercial loan, the construction finance and permanent loan can be one product, with typically a 12 month interest only period during construction, then rolling into a principle and interest payment afterwards.
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12 April 2024 | 8 replies
Gotta give a 1 up to @Evan Polaski here, the idea that commercial loans and products in general have a ton to do with borrower risk and lender relationships is a big variable.
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12 April 2024 | 6 replies
Any conventional loan products for property in a flood zone (not sure what flood zone 9 is) requires flood insurance, which can be very expensive, and rates have been rising each year.
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11 April 2024 | 0 replies
Solving a problem for the seller and bringing a product to the buyer How did you find this deal and how did you negotiate it?
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11 April 2024 | 20 replies
I will say though we kind of built the right product for this market cycle.. big single levels with 3 car garages catering to the empty nester and down sizer we get buyers coming in off their small oregon hobby farm .. our first time move up buyer did slow a ton but we have sold to families as well just not like it was pre interest rate spike.. our other folks are either paying cash or borrowing very little so interest rates are not affecting them.
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11 April 2024 | 2 replies
I was able to get a good deal on the house I was interested in due to this fact but it’s a half done flip/reno so there’s a lot of work halfway started throughout the house. 2 areas in particular I’m unsure of what to do with is the walls and attic, any suggestions or ideas of how you would be finish would be greatly appreciated (adding links to specific products are a bonus lol)!
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14 April 2024 | 885 replies
Anyone pursuing this strategy for downpayment funds on a more traditional mortgage or an in-house mortgage product.
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11 April 2024 | 3 replies
The market here is obviously tough (and we'd like to invest here or nearby for several reasons), but we have heard about second home loans that have more favorable down payment and interest options which could increase our buying power and allow us to cast a wider net during our property search.Understably this type of product would have to pass the sniff test.
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11 April 2024 | 8 replies
@logan Hassinger, can u tell me more about these products?
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11 April 2024 | 7 replies
That being said Behr Dynasty is one of my favorite products, I just would never ever expect it to last that long.