I'm not sure they financially would qualify for 2 mortgages at once using DTI ect. 

Hi all,New to the forum and have been doing plenty of reading through other threads, but have a bit of a unique situation I'd like to get some takes on.My wife and I currently own a house worth about $750k with a remaining mortgage of $240k.

We are 3 years into our 30 year mortgage in our Atlanta home.

Some one sent a copy of my post to the NV mortgage regulators and it was not 10 days later I got a nasty gram..

Hey Guys,I have a question, I own a property cash and I am looking to cash out refi, The property appraised at 205K and I am cashing out 100K , my closing costs are considerably high, 5.5K compared to closing costs I have endured when purchasing my home. more details from closing disclosure:I am getting 6.75 % mortgage rate (not locked), Origination fee is $3758 ( 2.5% loan points - $2684, processing fee $699 and underwriting fee-: $375), Escrow payment at closing : $1076, Services can not shop for: $1180 and services you can shop for: $1062I think I am paying too much on origination fee also I think closing cost should be 1-2% of the loan.  

I'm a direct lender and commercial mortgage broker on multifamily nationwide.

Given that many tenants will make their car payment before their rent payment, we’ve copied the mortgage industry’s method of debt-to-income (DTI) ratios.

PEX can expand way more than copper or PVC pipes, fittings are much cheaper, and you can make very quick patches without having to wait for glue to bond and cure.

I JUST FEEL STUCK Over 2 years ago I purchased a duplex in Lacey Washington with 3.5 % down with a total purchase price of 495000 my mortgage payments plus expenses comes to about 3200 a month.

So, if their rehab runs long the deal can go south as the loan costs eat up money while you are seeing no income.One of the reasons hard money loans are common in these situations is that BRRRR renovations are very often starting with properties so distressed that they cannot be bought with conventional mortgages.