I spoke with my loan guy and he alerted that banks are pretty tight, especially to out of state investors.

Make sure to be correct on dates and be timely in the paperwork to keep your monthly cashflows in order if you tend to run tight.

You get scared after the contingency period and want to back out or you take your time obtaining approval for a mortgage and fail to do so within the deadline specified in the contract).2.

Without knowing your deadline or life circumstances, have you considered borrowing from family and/or selling your residence and renting/buying something significantly more modest.

The state laws regarding everything are really tight in New York.But probably the biggest reason was because I wanted to move out west, it was between Boise and Denver.

So it’s going to be tight at first and that’s all occupied calculations.

She didn't meet the deadline so no payment was given.

@Reshma Kandagatla probably not a good deal, too tight at that price point.

If so, you can always just make extra payments to principal and still have it paid off in 15 years, BUT you would also then have the flexibility to NOT pay the 15 year payment amount (vs 30 yr amount) if times got tight, AND when it comes to financing your next property, they'll calculate your DTI based of your minimum required payments, in which case you want the lower 30 year payment to show on your credit vs the higher 15 year minimum payment.

Hard Money would be good for purchase but $30k for rehab & holding costs may be a bit tight.