There were always a couple cars with for sale signs in the bank parking lot.But no, if you refinance it would erase the debt of the first loan including any collateral unless you refinanced at the same bank and they required you keep the vehicles as collateral.

Quite a few were from out of state, mainly California.

As of right now I’m mainly looking for ways I should go about financing this deal and presenting it to the bank in a way that will help make this all happen.

I am currently 24 years old.Here’s a little information on my current property (primary residence):Purchase Price: $130,000.00 Mortgage Balance: $99,937.34 Market Value: $180,000.00Market Location: Spring Hill, Florida, USA (Tampa Bay Area)Of course, the best scenario would probably be to move back with my parents, but, truthfully, I do not want to move back with my parents and siblings; however, I would be debt free and generating income from my primary employment.I feel that the downsides to selling my home is that the market in my area (currently a seller’s market) is extremely hot and, by holding onto the property, there is a likelihood that the value of the property will eventually increase substantially over the next few years.If you were in my position, what would you do?

I submitted an application to Wells Fargo, but was rejected due to the property debt service.

BUTOver all If your rent roll. gross rent would be 90k and you take say 50% out for expenses. your net income before debt servicing would be say 40k.If your COST been $1.3 million your cap rate is ?

You have $350,000 in cash available to invest, and your bank has said that the potential financing terms would be 80% loan-to-value, 1.20 minimum debt coverage ration, 6.75% interest (fixed for 5 years and floating for the remaining 15 years of a 20-year term), with 1 point payable at the closing.

I was told yesterday by a lender that we would have issues being approved for a loan mainly for this reason.

I'm looking for information such as:Cost of the programPercentage of people that have successPercentage of people that do nothing/end up with debt and no property. 

More times than not, the chain of command can make life very unpleasant for the service member until they settle their dues/debts.