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2 April 2024 | 8 replies
I’m active duty Air Force and got my start in REI by maxing out my VA loan benefit with three properties.
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1 April 2024 | 6 replies
Also, how are they keeping the land purchase from impacting qualifying for construction loans??
1 April 2024 | 11 replies
Are you in desperate need of a loan?
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3 April 2024 | 83 replies
lenders really want to do the loan and likely view the appraisal as more of a nuisance than anything else.
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1 April 2024 | 1 reply
Let's say $350K, 50K down, seller financing at 6% IR with a 5 year balloon.Let's say I start to shop around and to transition from seller financing to traditional financing because I found a 5% IR, I am essentially refinancing and putting the loan on the books.
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1 April 2024 | 6 replies
Hard Money Loan: Taking a hard money loan could be a viable stopgap measure to tide you over until you can sell your property or until your financial situation stabilizes.
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2 April 2024 | 23 replies
Keep in mind HELOCs are interest only payments, adjustable rates, and will eventually turn into a fully amortized loan (usually after 3-10 years).Cash Out Refinances are great when you need the cash for long term needs or consolidating debt.
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1 April 2024 | 6 replies
So I'm under renovations for my first property and I used a conventional purchase and renovation loan, not knowing how tedious the draw process would be for me and my GC, but saw it as the most convenient way to fund the renovations.Doing our best to communicate with each other to ensure a smooth draw (fill out work completed form, get inspector out, review from both HUD Consultant and lender, send for signatures, 3-5 days of processing).
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30 March 2024 | 8 replies
Can I get a loan under my own name and then transfer it to the LLC?
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1 April 2024 | 5 replies
I am taking a loan of $280,000 but for some reason, the lender I am talking to is charging me about $6800 of lender fees in the closing costs quote that he provided, along with other overpriced charges that I have not received when I got a previous loan from a different lender in California.