Denis Moreira
Analyzing a deal: Conventional vs FHA
Hi BP Members,I have two loan routes I can go with : Conventional or FHA. How many people have gone ahead and bought a property that cash flowed negative/break-even when analyzed using 50% rule under FHA terms (upfron...
Alex Stepanov
Converting from HELOC to conventional mortgage
Greetings everyone!We have a borrower with HELOC on hands and the loan matures in about a year. The borrower would agree to modify the loan as long as the payment stays roughly the same but I am not sure if such modif...
Jim Manson
Conventional Lender in Durham NC Area ?
Hi All,Looking to do a cash out refi on a SFR that I own outright here in Durham NC. I spoke with Wells Fargo, but it seems they 1) will only go up to 75% of appraised value and 2) will only do 75% of final price if t...
Polo Vazquez
Conventional Loan: Higher points or lower?
Hello Biggerpockets!!Just wondering what you all prefer when getting a conventional loan. Would you all go for the higher points options and pay more up front but get a lower interest rate or would you go for no point...
Samuel Rushing
Conventional financing with a roof leak?
I am looking to purchase a fixer-upper to flip. It has a small roof leak that has been temporarily patched, but caused some drywall damage in the kitchen. I don't want to use hard money if I don't have to.Will this ho...
James Letchford
Refinance to Conventional or Portfolio Loan?
I'm coming to the end of my 'seasoning period' on my first BRRRR. Everything has gone very well so far. I.e., I have plenty of equity in the property to pull out my entire cash investment, and probably a little more. ...
Mark Feaver
Refinancing From an FHA to Conventional
Searching for a creative lender or guidance. I will do my best to keep this straight to the point and concise.
One year ago purchased a triplex with FHAPlanned to move in and delivered 60 days notice to tenantTenant...
Jeremy Reay
BRRRR Cash-Out Commercial or Conventional?
I need some advice. I currently have four properties at the Refi step in BRRRR. One I am doing a cash of with conventional lending. The others I have a choice to wait until seasoning or cash out refi now with comme...
Manan Patel
Interest Rate on a Conventional Mortgage
Hi All - I am working with the lender to finalize the financing for a Duplex in WA state. After going through multiple options, the best deal available is 30 years fixed conventional 15% DP at 4.125% interest. I plan ...
Terrell Owens
House Hacking Conventional Loan still 20%?
I'm currently trying to become a first time home buyer and I'm extremely interested in "House Hacking." The concept that I could have a multi-family unit household and live in one unit is a desirable outcome. However,...