FROM MONEY It's About to Get Easier for Over a Million Homeowners to Refinance Their MortgagesTwo new mortgage refinance programs launching this summer should make it a little easier for lower-income borrowers to save on their home loan payments.Starting on June 5, Fannie Mae will offer a product called Refi Now.

Local relationships are good, but conventional lenders have the same line of products...the creative lenders will have a very different portfolio of products...the product you need may not be offered by local lenders in your area.Lenders have zero influence on the deal itself outside of what an independent appraiser/inspector relays to them...local knowledge of markets is not in play at all.

StephenHI Stephen,Most conventional lenders will allow 1 30 day late within 12 months but not 60 day late and if you have multiple 30's you generally have to wait 12+ months to re-apply.There are other loan products that are called non QM or non qualified mortgages that might entertain your scenario.

If you're paying the bills, the bank is making money.Now, you likely won't be able to get any type of primary loan product if seeking to buy a larger house meaning you'll need a minimum of 20% down at closing, and your interest rate might be higher, but those shouldn't stop you from moving forward, I wouldn't imagine.

Fannie and Freddie agency loans ($1 million+) and certain bridge loan products will not require a personal guarantee.

The product was good, my experience working with them was awful.

Messy job.These TrafficMaster products offer a 25 year warranty. 

Based on the information you've given thus far this seems like a job for a product other than a hard money loan.

I’m thinking about adding a townhouse in Raleigh, NC.I already have a Corp for my video production agency, which is my full-time job.Thanks for any guidance or recommendations!

Anyways, my goal is to build a passive income stream to reach financial independence so that I can either start a nonprofit or small business where I help landowners who have historically struggled to access markets to sell their timber for either forest products like lumber, or carbon credits to help offset larger companies carbon emissions.