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11 July 2024 | 18 replies
I recommend you talk to a lender and get real clear on what you can qualify for, what you can do to improve your borrowing position, and make sure you have your finances under control.
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8 July 2024 | 9 replies
There aren't many multifamilies here in Denver, and most of them need work and have trouble qualifying for a VA Loan.
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12 July 2024 | 155 replies
There is no limit to how many you can buy at 10% down as long as there are separate markets and you can qualify.
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8 July 2024 | 15 replies
A quick google search for "va loan bonus entitlement" should provide you with all the information you need.Yes, anyone can assume a VA loan so long as they financially qualify.
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9 July 2024 | 2 replies
That would be fees such as real estate commission, title costs, qualified intermediary fees, etc...
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8 July 2024 | 11 replies
I know every lender is different but I was curious to know what are the requirements in order to qualify.
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8 July 2024 | 14 replies
If you assume the loan then it is a qualified assumable so have to jump through many hoops and it will end up on your credit which may effect your future transactions.
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9 July 2024 | 6 replies
Seller finance deals work when one of the following situations is present1- property can’t be financed with institutional financing usually because property is vacant (commercial property) or in bad condition2- seller will only accept an above market price for the property and by offering seller financing opens the universe of potential buyers to include people who wouldn’t qualify for financing3- seller is able to obtain a “piece of the action” from a buyer rehabbing the property and hence ultimately obtain a higher price.4- the seller has an existing low interest rate mortgage and wants to “wrap” the existing mortgage into a seller financed higher rate mortgage and pocket the differential 5- property is an investment property, seller has a low basis in the property because of depreciation, and wants to spread out the taxes due.Are you thinking of trying to purchase with 100% seller financing, or are you able to /willing to offer a down payment of say 10-20% .
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10 July 2024 | 15 replies
If someone says 5 or 7%, they may or may not have decades of experience behind them to qualify such lower numbers.
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10 July 2024 | 31 replies
I originally planned to get a refinance loan on this house when rates were 3-4%, but the property was in such bad shape the banks kept rejecting my requests for loans once they saw the condition of the property, and I couldnt qualify for insurance at that time.