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10 July 2024 | 35 replies
Person/Company is bidding on house and is offered 5k to stop bidding or to not bid at all.Although these situations are VERY Rare...
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9 July 2024 | 2 replies
I'll drop a link to schedule a call down below if you would like to discuss the HELOC situation further, as I am a licensed loan officer. https://calendly.com/tycoutts
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9 July 2024 | 11 replies
A construction loan?
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9 July 2024 | 16 replies
If I was in your situation, I'd look et the situation based on profitability, liquidity (or rather the lack thereof) and risk.1.
11 July 2024 | 1 reply
Question 1: Whats a good creative way to get them to sell these lots either outright or as a short term investor and can buy them out when the construction loans turns to mortgage?
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10 July 2024 | 11 replies
Just a piece of advice if you do elect to pull some cash out is to stay at 60% loan to value. 60% loan to value for most products will get you the best combo of rates/costs on the loan.
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11 July 2024 | 7 replies
I had a “situation” about 20 years ago on a SFR rental house I had financed for the investor.
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11 July 2024 | 10 replies
The 16% ROI includes the loan pay down after year one coming from the amortization schedule along with breaking out other ROI considerations.
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9 July 2024 | 5 replies
He also said insurance and taxes can be too high eating DSCR loan with current rate and I will make less money than Ohio and Kentucky state (example).
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10 July 2024 | 19 replies
As a lender, what type of lawyer do I go to draft loan documents for me?