If I am paying cash for a house, then doing a refi to pull out 70% of money out. Will I have to pay Mortgage insurance on the new loan? Does the 30% left count as money down so that I do not have to pay Mortgage insur...

I'm currently looking to purchase a second home. It's a good deal and my wife and I are looking at a debt to income ratio of 44%. My question is, will we be able to get another home loan if our debt to income ration i...

                                                                What is PMI?     PMI, or private mortgage insurance, is a lender's protection in the event that you default on your primary mortgage leading to foreclosu...

I am looking to invest in rehab properties and am looking or some extra cash to finance a deal.  I own raw land and also other land with a rented manufactured home on it.  Both properties free and clear.  What are som...

Good afternoon everyone.  I'm trying to get all my questions out of the way before I pursue my 1st rental. Could anyone help me by answering this question.  Can I qualify for an FHA loan on a second property when I al...

My wife and I are looking to invest in a multifamily building on the north side of Chicago. We'll go from renting, to being landlords in an owner-occupied 3 unit building. Our real estate agent recommended someone at ...

It's the long weekend, so my lender is OOO. :)If I buy a multifamily home, and keep one unit vacant (while renting out the others) would I be in breach of my loan agreement? I understand that you have to live in the h...

Other homeowner wants to move into larger home, which I have. And I want to rent out their home to produce cash flow with low interest rate, which they have. They have a ton of equity >$100K, <3%, but older home...

I have read through the forums, consulted my real estate attorney and insurance agent and have come to a dead end so I figured I'd start a discussion on here. My wife and I just bought a duplex and will soon be signin...

I am trying to get a loan for a rental property but I dont have 20% to put down. The bank said they give me a loan if I buy a home that I will occupy, I asked if I could move in then move back out, they laughed but sa...