Rich Rifkin
How the Mortgage Industry works
I've been teaching this for 18 years and many have asked that give a brief explanation.
Banks, Mortgage Brokers and Lenders have the same rates and programs everywhere in the United States. An advertised special i...
Sung Park
Getting a mortgage loan as a student
Hi BiggerPockets Forum, You guys have been an incredible help in the process of buying a property. However, since I do not have a pre-approval, I cannot move forward. Here is the issue. I am currently in college finis...
Fernando Gigiiotti
Bank Statement HELOC for non U.S. citizen
Guys I read a couple great posts here about HELOC for self employed businesses were there are many write offs to show an income on a tax return. But not my specific situation, hoping some wise minds can help. We are...
Dan Kim
How to finance the down payment
Hello BP community,Before I place an offer on a single family for use as a rental, I’d have to place a contingency on my offer based on finance approval. For 385K and the home needing some repair, are there creative o...
Tia Jones
Soft Story Retrofit - Cost?
The City of Los Angeles recently passed Ordinance 183893, which requires the retrofit of pre-1978 wood-frame soft-story buildings and non-ductile concrete buildings. The goal of the mandatory retrofit programs, under ...
Colleen West
Primary residence conundrum
I have a really bizarre issue. I have been under contract on a new construction house for about 8 months in Austin, Texas. The house is set to close on May 14th, and everything has been finalized with my rate locked i...
Account Closed
Bank of America Putting the 'Short' in Short Sales?
According to a Bank of America webinar last week, BOA is changing the short sale process.
BofA is “pre-approving†short sales before they are even listed on the MLS. This is much different from the “normalâ€...
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What is a Tax Credit Property?
What is a Tax Credit Property? What major institutions invest in them? Are they low income housing?
Anyone know?
Tommy C.
FHA 3.5% Down Requirements
Hi all,Does anyone know if you are allowed to finance the construction of a 4 Plex using an FHA loan and then use your own funds to build out the basement into an additional unit or two?? This would mean that the FHA ...
Allen Bosbyshell
Househacking in Chicago
Housinghacking in Chicago with an FHA loan for $250K... Is it possible? Yes, it's possible! But how?? I am looking to buy my first property as a two or three flat in Chicago, IL. I am using an FHA loan and with a max ...