James R.
Loan Approval with Conditions/ Letter of Explanation HELP!
Hi All,I'm a first time home buyer and received a home loan approval with conditions this past weekend! I need advise how to do a letter of explanation explaining that I helped my parents refinance their house 9 years...
Guy Pierre
Frustrated I need help getting started I have little money .
I’ve been reading books and listening to podcasts and analyzing properties but I feel I should be during more but I don’t know what. I know I need an agent and loan approval just don’t know where to begin.Help please
Sean Kloczkowski
Buyer backed out 2 days before closing and is fighting for EM
Hi all,Thought it wise to solicit some advice from those with much more experience and background in real estate than myself. I am selling my house, and the buyer has decided to back out of the deal two days before c...
Ray Ochs
earnest money disposition- all contingencies removed
We used a California Residential Purchase Agreement RPA-CA revised (4/10) without a realtor to purchase a condo. We placed down a $30K earnest money deposit to escrow. We were informed by our loan agent that the loan ...
Vimal Earnest
Can seller back out from escrow
We live in California. Our offer was accepted and escrow open at end of February, 30-day terms. Since it’s a jumbo loan so it took more than 30-day to get our loan approved. We signed off all the contingency other tha...
Abraham Shamosh
Do commercial loans take credit into account when approving loan?
Hi,
Recently my credit took a big dip and I was wondering if there are any mortgages to purchase a town home rental based on the deal and not on my personal finances or credit.
Jaikevis Reams
Please help me with this question
In order to put a property under contract I need to provide proof of funds I know that I can get that from a hard money lender but I don’t meet there criteria for a loan approval what should I do?
Kyle Inbody
Getting A loan approved for House Hacking
Hello Everybody,Let me start with I know I need to seek professional advice and I know any comments made here are just the opinion of others, but in this community I value the input of others greatly. So myself and my...
Olivia Umoren
Student Loans & Mortgage Approval—DTI Issues
Hi Everyone,
My name is Olivia, I’m a 24 year old college grad (Penn State ‘16) and like most of my classmates I have student loans ($45,000). I am trying to prepare myself to purchase a property for househacking in ...
Crystal Wilson
Approving for loans with my business income
I have a personal and a business account. I only use my business account for my 3 rentals I own. So I know what money is coming in and out. But when I go to get approved for a loan they want to see my business income....