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28 February 2024 | 3 replies
I am currently completing the pre-licensure course for my MLO license, aiming to become a mortgage broker specializing in primarily non-QM/hard money products, along with some conforming loans.
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1 March 2024 | 31 replies
Hey Charles, conforming loans will not allow you to close in an LLC.
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1 March 2024 | 8 replies
Hard money lenders and private lending institutions/businesses will loan up to 70% of arv including rehab cost.
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1 March 2024 | 34 replies
My first thought for an unfair advantage is owner occupied loan options for a house hack.
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1 March 2024 | 4 replies
This makes a conventional loan hard to fit.
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1 March 2024 | 13 replies
But also, you still have to qualify for a new loan to make ANY strategy work.
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1 March 2024 | 3 replies
Hey Zeke, There are tons of different loan products so it will be all about finding the one with guidelines that meet the needs of your scenario.
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1 March 2024 | 9 replies
On a separate note, I see that you're a lender, do you have provide loans for properties in the NC or SC area?
1 March 2024 | 6 replies
Thanks in advance Florida is a super lien state, so depending on when the condo was created the entire lien amount could be owed by the buyer or a portion (I believe lower of 1% of the purchase price the person being foreclosed upon paid or 12 months HOA fees, whichever is lower).Definitely will want to look into that.Chris, that 1% of the loan/12 month cap is only for the foreclosing lender if They get it back at the auction.