I used most of the money to supplement my mortgage and some renovations on my portion of the house also, but the past year I have been saving most of the profits.

It has not gone in my favor and is taking up the entire useful part of my lot that I am stuck owning and paying taxes on because it is tied to a mortgage on a MFH that I own.

personal finances and mortgage with local lender How did you add value to the deal?

Hello everyone! I have questions about how to approach a bank for a loan when trying to buy a house out-of-state. Does anyone have an example of a loan proposal or what should be on it. I am currently making a list of...

Our screening is all completed online, and our reports are electronic. 

The purchase price is about $350k, but the assumable mortgage only has about $250k remaining.

I’m currently working on trying to pay down/off some of my existing mortgages as opposed to just continuing to leverage more debt.

I have done this once before to  purchase our condo with no issues and we both make more than enough money to pay both the new mortgage and pay ourselves back (85K + 3600 after tax monthly retirement for my partner, and 140K for me).

You have two properties, which are in a blanket mortgage and you use a property management company to manage them.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).