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22 January 2025 | 0 replies
Unlike refinancing, which involves taking out a new loan, recasting keeps your existing loan terms—including your interest rate and loan duration—intact.
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29 January 2025 | 22 replies
Focus on understanding the rental market, conducting thorough property inspections, and leveraging owner-occupied financing options like FHA loans.
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4 February 2025 | 3 replies
Your realtor will be able to give you a much more detailed market specific answer but with house hacking and a VA loan it should be possible to get 0 out of pocket.
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7 February 2025 | 8 replies
Use your W-2 income to qualify for multiple loans now, stack a few properties before quitting your job, and consider BRRRR or DSCR loans later to scale.
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23 January 2025 | 15 replies
Kathy, check out Anchor Loans as a comparable.
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1 February 2025 | 16 replies
I borrowed $30k on a personal loan from Discover for 15% with no fees for a plot of land and paid "cash" for it.
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29 January 2025 | 9 replies
However, when you combine the income from both the units, I think you will end up with more income after a year or two than with a SFH renting by the room.
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27 January 2025 | 7 replies
This is a large community and someone might give you some insights on the lender or the loan officer.
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27 January 2025 | 2 replies
Both Conventional loans and DSCR loans can offer this flexibility, depending on the specific scenario and borrower qualifications.