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11 December 2024 | 8 replies
Borrowers will be provided an upfront disclosure detailing this information.Contractor(s) Acceptance: Ø does not “approve” contractors or refer contractors.
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17 December 2024 | 27 replies
Lenders will allow parents to be a non-occupying co-borrower on a home your college student plans to live in.
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15 December 2024 | 13 replies
The second home loan guidelines directly state "The Borrower must keep the property available primarily (i.e., more than half of the calendar year) for the Borrower’s personal use and enjoyment"This means that you can only book it out on STR platforms for half of the year (50% max occupancy), which really sets a cap on your max income.
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12 December 2024 | 3 replies
For a traditional Heloc at most small banks/CU's, the rate will be variable and will be WSJ Prime + a spread that represents the borrower's credit risk.
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14 December 2024 | 8 replies
I want to be able to find borrowers the best lender in exchange for a 2% commission from the bank.My question is how do I do this exactly?
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10 December 2024 | 5 replies
I have made contact with a handful of homeowners, so some of the results are valid & get me to the person I need to connect with - however the borrowers I cannot contact are an issue, as it's a sizeable amount of results I get back that are uncontactable (No skip available, wrong # or out of service).My question to the BP community is - what program/software/company do you guys use for skip tracing?
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10 December 2024 | 36 replies
And some of these left HML in a tight spot borrowers could not access their draw money.. this happened just recently to Fund that Flip.. and their borrowers I know i got a call from one of them that was owed 300k in draws that was not coming.
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14 December 2024 | 6 replies
Is it to borrow using a commercial lender that only lends to LLCs?
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10 December 2024 | 8 replies
However, I suppose it depends on your situation.I know some people who borrow from their 401k or use an IRA to pull from.
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14 December 2024 | 7 replies
I know it can depend on factors like the borrower’s credit, payment history, and loan terms, but I’m looking for general guidance or ballpark percentages based on your experience.Top Buyers/Companies:Who do you recommend as reputable buyers for these types of notes?