AJ Wong
What is an Assumable Mortgage? How they work & ways to close with a portable loan
25 June 2024 | 2 replies
I don't believe a DSCR lender would transfer the obligation to a new borrower but please correct me if I am wrong..In general, it will be be a full income verification or full documentation application with the current lender directly and no other mortgage professional would be involved.
Troy Smith
Very odd lender question
25 June 2024 | 3 replies
Make sure to think the entire process through as it may be more advantageous to to it prior to or after the purchase of the other property for your brother.
Ben Russell
Looking for lowest rate-is an ARM an option?
25 June 2024 | 9 replies
First 10 years I/O and fully amortized for 20 years thereafter..If it's full income verification, strong credit and a lower LTV you should be able to get there with a mild buy down..Check in with @Joseph Chiofalo for a quick second look.
Leslie Cunningham
Hello BiggerPockets Nation!
25 June 2024 | 4 replies
If they are VERY professional, they will have their processes in writing as verification that policies are enforced equally and fairly by their entire staff.6.
Tim J.
Options for 6 unit refi?
24 June 2024 | 11 replies
We are happy to do full income verification and personal whatever to get a better rate than that. 1.
Matthew Wright
Rental Application fee
24 June 2024 | 10 replies
For me, it’s just easier to have applicant pay Smartmove directly after I’ve checked landlord history and verification of employment.
Scott Everhart
Potential Tenant Can Only Pay Rent With Alimony. What Do I Do?
25 June 2024 | 35 replies
You'll regret it.A tenant must be a law abiding citizen (no criminal background), willing (credit verification) and able (job income verification only w/ no commission or tip payments included) to pay rent and take care of a home (landlord references) If they pass all these, then whether they are "nice" or not comes into play.
Katharine G.
STR (AirBnb/VRBO) Orlando—First Time Investor
26 June 2024 | 65 replies
he will guide to to the deal RE deal as that is what will generally grade out your ROI.
Mary Chen
Suggestions on doing a investment property loan involving 1031 money?
23 June 2024 | 1 reply
Figure out what kind/price property you want to to look at then ask a local lender who to make that work.
A Adkisson
Best Background Check?
22 June 2024 | 3 replies
They've also added a new income verification feature which has been a very useful add on.