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20 July 2024 | 4 replies
.- Visual/Explanation of how the loan looks on the HUD-1 at closing.Good Luck!
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21 July 2024 | 4 replies
Your detailed explanations of the potential options are very helpful - my first time at a bank foreclosure auction and as I am going through the process I try to anticipate what all might be coming my way and prepare as best as I can.
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20 July 2024 | 10 replies
If you have no lates in the last 12 months and re-established credit meaning you have atleast 3 tradelines you have made ontime payments on for the last 12-24 months you may be eligible for VA financing with 580 min or lower scores depending on the scenario.Most of the time these type of files with be a total cluster and require 30-40 conditions ranging from letters of explanation, additional documentation, and or other to close.
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20 July 2024 | 2 replies
Security deposit amountYou can find plenty of examples by searching for "tenant estoppel certificate doc" or exchanging "doc" with "pdf" for more options.Here is an example and explanation: Sample EstoppelSome have a lot of legal jargon but this document does not need to be so detailed.
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20 July 2024 | 11 replies
Regarding the other types of loans, based on your explanation the conventional loan seems to (on average) have a lower down payment but takes into account the normal loan factors whereas the debt service loan doesn't but with a slightly higher down payment, proof of income generation through the property, and never being able to live in it.
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20 July 2024 | 5 replies
Any new loan will most probably condition for an explanation for the inquiry; my guess is this wont go over well with the new lender.
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18 July 2024 | 7 replies
He revisits the topic often in his newsletters and his explanation stays the same.https://www.mobilehomeuniversity.com/mhp-mastery/the-new-par...Where I have seen some impressive development in my neck of the woods is in long term RV park development.
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18 July 2024 | 3 replies
This was not unique to a specific lender but some made the process easier then others for sure.Anyway, I am now approaching 75% LTV (based on initial purchase price) for the last investment property with PMI so I reached out to start the process and was denied with no explanation.
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19 July 2024 | 12 replies
Security deposit amountYou can find plenty of examples by searching for "tenant estoppel certificate doc" or exchanging "doc" with "pdf" for more options.Here is an example and explanation: Sample EstoppelSome have a lot of legal jargon but this document does not need to be so detailed.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/986201/small_1621506874-avatar-marysue.jpg?twic=v1/output=image&v=2)
16 July 2024 | 4 replies
Appreciate the explanation.