HI Vince, as long as you are vacating your current primary home and moving into a new primary that is acceptable, but just make sure you obtain a 12 month lease in order to use the rental income to offset your mortgage payment and not getting hit twice for your current mortgage and new mortgage.

I put the opinion "commissions have always been negotiable" in the same category as Henry Ford's famous statement of "you can have any color Ford you want, as long as it is black."

This was done to protect senior citizens on fixed incomes from being forced to sell their homes due to unaffordable property tax increases.Since the passing of this amendment, all properties in Michigan have two property tax values associated with them:State Equalized Value (SEV): supposedly equal to 50% of the market value of a property, not based on recent sales price.Taxable Value: the SEV annually capped as long as there is not a transfer of ownership.City Assessors are charged with determining how much property values have changed each year.

My firm goes to 75% on a cash out, as long as all seasoning requirements are met.

There are lenders with no seasoning requirement as long as rehab has been done to support the new appraised value, up to 80% LTV (although 75% is much more common).

I personally feel like 30 days is more courteous but as long as they abide by state/local regulations they should be covered

Then a couple of the more maverick attorneys felt that the legislation was a little loose and that you could continue assigning as long as your went about it very delicately.

As long as you do right by your tenants, you'll be in good shape.  

The company can have a down year 2022-23 and still be on the 2024 list as long as it has higher revenues in 2023 than it did in 2020.

With one, most often when asked the lender will say it's a-ok as long as have full closing, and all legal doc's legal persons/actions involved.