Vince Le
How can a mortgage loan originator become a mortgage broker?
What will need to be done when a mortgage loan originator (who already passed the SAFE test and got the selective state education done) wants to become a mortgage broker to work for themself, so their commission won't...
Mario Morales
Should Loan Originators Know If You're Going to be Approved
I have a feeling, and I could be wrong, that Loan Originators have a good sense of whether you'll be approved for a mortgage loan or refinance. When they think you probably won't get approved, they still proceed and h...
Jonathan St.Leger
Writing off interest paid on refi loan above original investment
Let’s say you have a property paid in full with a original cost basis of $1.2M and it is worth $2.2M and would like to do cash out financing at 70% LTV which would be $1.54M which leaves an amount of $340,000 above or...
Brian Gibbons
News - CFPB Clarifies Servicing and Mortg Orig Rules
http://www.housingwire.com/fastnews/2013/06/10/cfpb-clarifies-servicing-mortgage-originator-rules
You may want to follow these guidelines!
Bill Gulley might want to comment.
Deandre Brown
Any experience with RMLO?
Hey BP fam,
I have a quick question: Has anyone had experience with a Residential Mortgage Loan Originator (RMLO)? I was speaking with a property owner who is open to seller financing, but mentioned that I need to ...
Mike Neubauer
Pro/Con Sell with Lease Option or Seller Financing?
We have primarily focused on fix/flips to build some cash reserves. We have the cash reserves we wanted to build, and now want to start maximizing profit on the individual deals by cutting holding costs, getting highe...
Account Closed
[Calc Review] Help me analyze deal - Rent Primary w Original Loan
Can anyone tell me if Im doing anything wrong here? Trying to analyze keeping my primary residence as rental this calculation was done as a scenario to keeping my current loan the way it is.Purchased - $110,000Down Pa...
Patrick Sears
Best entity for fix & flip on terms/loan origination business?
Hello,For those of you who are fix and flipping on terms and creating notes to sell/originating loans, which business entity have you chosen and why? I'm guessing it will be a choice between LLC & S-Corp (or mayb...
Julian Zamora
How do I pass the NMLS SAFE Mortgage Loan Originator Test?
Hello, my name is Julian. I am a licensed realtor based in Atlanta, Georgia, and I am currently working on obtaining my mortgage origination license. I am 14 hours into the 20-hour online course offered by "RealEstate...
Elif Erguclu
First Investment, is FHA holding me back?
Hi everyone,So I'm working with an agent to find a property that I could live in for a year (FHA requirement) and rent out after my year is over. I'm using Brian's "house-hacking" strategy using an FHA loan and I alre...