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26 April 2019 | 4 replies
This is called HomeStyle conventional investor mortgage.
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26 April 2019 | 6 replies
The popular house hacking program is called "Home Possible" it's a conventional loan and 5% down.
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26 April 2019 | 7 replies
If you have access to such opportunities in your network, then you have the potential to grow your savings more successfully than in a conventional portfolio.
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25 April 2019 | 3 replies
shop around if you want typical conventional agency debt then 20% but you could also do a conventional rehab, but why are you not open to non or sub prime non doc type loans or BRRR strategy
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26 April 2019 | 5 replies
Purchase price: $760,000 Cash invested: $60,000 House hack, I live in one of the unitsIncome ~ $4,250Mortgage ~ $4,550PMI ~ $425Flat fee utilities covers everyone's utilities30 yr conventional fixed at 4.5%, 5% down owner paid closing costs = $38kMy unit would rent for $1400 easily (2br/1ba) making total income $5,650Once PMI drops, mortgage will be ~$4,125Repairs were upgrading electrical, fixing drain, fixing boiler, new shower in my unit.
30 April 2019 | 3 replies
Going plain Jane and buying a fully rehabbed property with a conventional lender will cost you 25% down. they are going to want all sorts of reserves, etc and that 25k that you have saved up, unfortunately, will not go far. if you have any questions, feel free to contact me!
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25 April 2019 | 0 replies
My question is in regards to financing multi-family homes: Are there multiple types of loans that a Canadian can inquire about (other than the conventional bank loans)?
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16 May 2019 | 6 replies
Couple other questions: Is it better to do an upfront conventional loan or pay upfront cash then do a cash out refi?
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26 April 2019 | 3 replies
Alternatively, you could do a cash-out refi by putting a mortgage on House B which would be the cheapest money you could borrow since you would get owner occupied rates and a conventional loan.
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30 April 2019 | 6 replies
The inventory in the MLS is fairly dry for this type of property.