Tony Salemi
Is anybody getting 75% LTV on cash out refi of a multi unit?
14 June 2021 | 11 replies
@Tony Salemi - both Liberty Bank and Wintrust are doing 75% LTV on commercial products at this moment.
Jorge Lopez
New refinance that is coming to home owners
3 June 2021 | 0 replies
FROM MONEY It's About to Get Easier for Over a Million Homeowners to Refinance Their MortgagesTwo new mortgage refinance programs launching this summer should make it a little easier for lower-income borrowers to save on their home loan payments.Starting on June 5, Fannie Mae will offer a product called Refi Now.
Davante Dennis
Choosing lenders when OOS
3 June 2021 | 3 replies
Local relationships are good, but conventional lenders have the same line of products...the creative lenders will have a very different portfolio of products...the product you need may not be offered by local lenders in your area.Lenders have zero influence on the deal itself outside of what an independent appraiser/inspector relays to them...local knowledge of markets is not in play at all.
Stephen McGrath
Cash out Refinance issues
19 June 2021 | 7 replies
StephenHI Stephen,Most conventional lenders will allow 1 30 day late within 12 months but not 60 day late and if you have multiple 30's you generally have to wait 12+ months to re-apply.There are other loan products that are called non QM or non qualified mortgages that might entertain your scenario.
Loki Rao
Renting out after refinancing the primary house
7 June 2021 | 1 reply
If you're paying the bills, the bank is making money.Now, you likely won't be able to get any type of primary loan product if seeking to buy a larger house meaning you'll need a minimum of 20% down at closing, and your interest rate might be higher, but those shouldn't stop you from moving forward, I wouldn't imagine.
Travis Bagley
Refinancing Multi-Member LLC
8 July 2021 | 6 replies
Fannie and Freddie agency loans ($1 million+) and certain bridge loan products will not require a personal guarantee.
Curt S.
Cabins / Lake Houses as Investment Properties
8 July 2021 | 10 replies
Another neighbor owns several small 1 & 2 bedroom cottages that she has on VRBO & said it's slow this year & last year was a bust.
Kaitlyn Castillo
Airbnb owners advice needed
5 July 2021 | 54 replies
If you’re wanting to invest, just do the slow and steady buy and hold method.
Chandler Corn
HELOC on a rental property?
7 July 2021 | 2 replies
The product was good, my experience working with them was awful.