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6 September 2023 | 6 replies
Good Morning Everybody,In this environment (as I am sure everybody has experienced) - it has been challenging in obtaining permanent financing.I have come across some deals where the debt is not "Assumable" but the seller maybe open to a "Subject To" loan.My question is if a "Subject To" loan is done - will the "Due On Sale" clause be executed by the lender (bank)?
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18 November 2017 | 61 replies
But I think you can get 4 homepath deals for 10% down as long as you are buying property as investment property and not permanent residence.
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10 September 2021 | 6 replies
@Michael Ballard - before I say anything else: lead poisoning is a serious issue and can lead to permanent brain damage, especially in children.Milwaukee is an old city and houses built before 1951 have probably a water service pipe made from lead connecting it to the street's water main, which by the way is not made from lead.
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14 May 2021 | 5 replies
I'm not a real estate lawyer, but I think if a squatter is not receiving mail, nor have utilities in his name, and of course is not paying you rent or have a signed agreement with you to stay there .... you might be able to have the police escort him out permanently.
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12 October 2023 | 18 replies
We essentially will fund the construction loan to build the units and then after you have achieved occupancy for 90 days then we are eligible to being the take out to refinance the leased units into permanent financing that is underwritten on a DSCR basis generally 1.35 or higher is what the agencies are looking for right now.
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19 July 2023 | 9 replies
This can also go on your permanent public record and once you have an eviction record, it will make it almost impossible for you to rent any place in the future when a landlord runs a background check.
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8 May 2022 | 7 replies
A lot of DSCR lenders will lend to foreign nationals as well, but terms will be much better if you are a permanent or non-permanent alien terms will better
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15 October 2023 | 9 replies
In line with this, the Mortgage Bankers Association's latest predictions suggest that by 2025, rates might begin with a 5.With this said, buying points on a mortgage transaction to permanently buy the rate down is like putting brand-new tires on a car the day you trade it in.
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26 October 2023 | 4 replies
To date I have personally financed each property as a personal construction-to-permanent mortgage.
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31 October 2023 | 8 replies
The local bank pays off the bridge lender5) Once you have a signed lease, finalize the refinance and have the permanent lender pay back the bridge lender6) RepeatI hope this helps!