Katlin H.
How long should I wait?
Hello all!
I am closing on my second property June 8th. I closed my first May 21st using conventional financing. Now I am looking to try hard money lending or even a different lender. How long should I wait for my c...
Tara Montgomery
Portfolio Lender Inquiry
I was recently informed that there are portfolio lenders that don't do a credit check, don't require an appraisal (possibly BPO), or tax returns, etc and are truly asset based. Is this possible for a cash out refinanc...
Scott Miller
Freddie Mac Changes You Need To Know About...
Here are some changes that come down last week:
-Implemented a premium for all mortgages over 80% and below a score of 740. Now you will pay a minimum of 30 basis points more for those you used to think had prestine ...
Russell John Walsh
What to put in listing.
How much of your tenant screening criteria and lease terms do you put in your listing? What do you leave in and leave out and why?
Krish Roopchand
Lawsuit during Refinance Process
I am a current customer with Flagstar Bank and I am applying to refinance my primary residence.My FICO mortgage scores are 632 , 623, 590. My original purchase price was $530k and my current loan amount is $100k.I am...
Jacob Rogers
I have Financing Questions. Help!
Looking for a good hard money lender or personal loan in Michigan. I need a 15k loan for a cash only property. I would like to be able to show the funds to the seller by Tuesday in order to put my offer in. ...
Devin Fakner
Lending Options for Beach House in Galveston TX
Good Morning!I am in search for a lender for a property on the coast of Galveston. My situation (recapped below) is somewhat unique and disqualifies me from most lenders for the time being:- Approximately $250k in ann...
Wade G
Running a credit score on a borrower
When doing a credit check on someone that I am offering seller financing to, will using one of the numerous sites that are used to do tenant background checks suffice? Or do I need to use a different site to get a mor...
Christopher Holba
New Investor Lending
Hi
I am a new real estate investor looking for lending on a SFH in Greenville, NC (East Carolina University). I have a surplus of reserves to cover a 20% down payment, repairs, and enough to cover potential vacancies...
Victoria S.
Questionable tenant application
We just bought a duplex. One side came with a long term tenant. The other side is vacant. We just had a 60 y/o retired applicant, her son (in his 30s) and grandson apply. The income is 3x the rent. however the retiree...