5 July 2024 | 3 replies
Consider factors like neighborhood, school districts, and proximity to amenities.Financing and Mortgage Considerations:Investment Property Mortgage: Understand that an investment property mortgage may have higher interest rates and require a larger down payment compared to a primary residence mortgage.Future Refinance: Consider the possibility of refinancing the property when you decide to move in, potentially lowering your interest rate and monthly payments.Loan Types: Look into loan types that might offer favorable terms for investment properties, such as conventional loans or FHA loans if the property meets the criteria.Rental Management:Long-Term vs.

5 July 2024 | 2 replies
Also some states do not allow you to seller finance if you have an existing mortgage - others require the sales price to be above the existing loan and cannot mature before the existing loan.Definitely need to get an attorney involved who handles state compliance

7 July 2024 | 42 replies
Finally, I had to cut ties with the original contractor, get him to leave the house, change locks, put internet, surveillance systems, cameras and blocked him.

9 July 2024 | 197 replies
(Because they are another woman demanding attention/time/things from the hubbies, which the wives don't like)So good on you for using a lady loan originator!

5 July 2024 | 5 replies
If there is an existing mortgage in your name it should be disclosed that your name will stay on the loan for possibly a very long time.

3 July 2024 | 6 replies
If there is still a payment left then I would as Jay mentions not give final payment until the final lien waiver has been signed.

3 July 2024 | 6 replies
These conditions typically protect the buyer and ensure certain requirements are met before finalizing the sale.Contingencies to Consider:- Financing Contingency: Specify that the purchase is subject to the buyer obtaining satisfactory financing.

5 July 2024 | 2 replies
All input would be appreciated, btw I am using DSCR loan, with 20% down and interest is about 8% a piece with credit about 695, so Lenders welcome to join in this post.

2 July 2024 | 10 replies
A DSCR loan, which stands for Debt Service Coverage Ratio loan, is a long-term loan that uses rental income to qualify instead of DTI (Debt-to-Income ratio).

5 July 2024 | 1 reply
Investment Info:Large multi-family (5+ units) private money loan investment in Harker Heights.