Bobby G Deloach
Personal mortgage & LLC has title HELOC
Any suggestions for applying for a HELOC when I am responsible for the mortgage (VA loan) and my LLC owns the deed. I will be purchasing an apartment as an investment / rental property.
Ronnie Alt
Get mortgage for out of USA person
Hello. I do not live in the USA and I like to get a mortgage for a property. Do someone know which banks are willing to do this. I did bought the properties and if they are all rehabed within one year and rented out I...
Giulio Pileggi
Collateral Backed Personal Loan to Consolidate Mortgage
Hi All,Does anyone have any experience in consolidating a mortgage with unfavorable terms (monthly finance charge, adjustable rate) privately. Traditional financing would be the standard route, however there are some...
Will Chitwood
Mortgage Company Requiring Insurance in Personal Name
We own all our properties in LLCs with mortgages in our personal names as we switched them to the LLC after purchase. We never had problems with mortgage companies accepting the insurance in our LLC names until this y...
Rochelle Wilkinson
how many mortgages can 1 person have?
I have 2 questions but will post 2 threads.. first question.. how many mortgages will banks give to 1 person? I read somewhere that 10 was the magic number and then you have to move over to a lender who does portfolio...
Brandon Warren
Options to remove mortgage from personal DTI
My wife and I bought a new home (primary residence) about 6 months ago with the intention of turning it into a STVR. We are living in it for the first year as required with the conventional loan but I'm not sure how w...
Account Closed
How new mortgages effect personal credit score
So I have my former residence in my personal name (which I am renting out) and recently purchased another home (which I currently live in). I intend to rent this one out as well. I bought my current home in July and i...
Jonathan Taylor Smith
Mortgages in Personal Name versus Business Entity
My first 3 properties were financed with 30-Year Mortgages (@ ~4.5% Fixed) in my personal name (Yes, I know... Bad, Bad, Horrible - Worst thing I could possibly do); and my $300K Liability per property + $3M Umbrella ...
Austin Smith
convert personal loan to heloc or mortgage?
I just had some improvements done on my home: roof, siding, hvac. It was financed with a personal loan at 9.99% with no prepayment penalty. I previously owed nothing on the home. I didn't want to start with a heloc or...
Jane Marshal
Partnership with mortgage on one person only
Hello, Initial strategy was different, but due to change in market struck with current scenario. Two person equally shared down payment, but mortgage is on one person at 3% interest rate. Affects the DTI little bit. A...