I've been throwing the idea around for several months now and want to know what others have experienced. Is it a bad idea to work as a Real Estate Agent and Mortgage Lender?I know with FHA you're not allowed to do...
Iam curious about this, currently the properties I got were funded by a local (Tx) mortgage lender. I have heard people getting funding from credit unions out of state to buy in a different state? Is it possible and i...
Hi fellow BPers! We have some questions for those who are familiar with the VA loan for active duty military.We went through a mortgage broker and locked in our interest rate and lender's credit last month with a Rate...
Does anyone know who I need to go to to handle the Dodd/Frank Act so I can do owner financing for mobile homes? I live in Texas, preferably anyone in the DFW area
I just happened to watch a youtube video where they interview woman who earn different salaries and ask them what they are saving for. One who is a mortgage broker was listed as earning 692k. Is this an exceptional ...
I'm looking at buying a property to live in and eventually rent. My lender is suggesting a 10 year fixed vs a 30 year right now due to rates. My strategy is to keep the home long term so to me a 10 year doesn't seem l...
I own a property in Georgia and want to do owner/seller financing. I've read about SAFE Act and Dodd Frank Act. Confused? If I don't live in the property as my primary residence do I need to be a loan originator to do...
Using the BRRRR calculator, is the acquisition loan section set up for using a hard money loan? I would be making a cash offer - loan would be full purchase price + rehab, but the interest and other loan expenses disa...
Can you solve it? Which hard money lender is cheapest for a flip? Scenario: $150,000 total loan, 100k towards purchase price, 50k for rehab. Flips the house in 120 days. 5 rehab draws, 1 every two weeks. Lender ...
This is from the State of Oregon as a proposed new rule.. AS an NMLS licensed mortgage banker I get these tid bits from the state.. this one is of interest and maybe other states will follow suit this will help homeow...