Evan Swanson
Good Credit = 3% Conventional Mortgage > 3.5% FHA?
If you have a good credit score and want a low downpayment, is the best option to go with a conventional mortgage? I was originally attracted to FHA loans due to the low down payments but it sounds like a conventional...
Steve S.
What kind of lender and loan do I need?
Looking for advice, please.
I'm a US expat living abroad. US taxes get filed every year, but no W2s - all income is foreign.US credit is excellent. I have one SFH and want to buy more for buy-and-hold.One lender has ...
John Martin
Lender forcing to only work with 1 lender. Is it ok?
I have a lender who is forcing me to work only with her in order to continue the process with me. In other words, they are calling the escrow company and because I have several lenders I am working with for a property...
Taye N.
Cash Out Refi Question
I purchased a Duplex for $574,000, It currently Rental income was A=unit 1100, B=1150 total: $2250I remodel both units and rerented with a 2 year lease. A=$2100 and B=2100 total $4200.00So basically I almost doubled t...
Isaac J Mork
Do banks only offer 5 year ARM now?
What happened to the 25 year or 30 year fixed rates?I don’t know that I want the financial risk of rates to go up in 5 years and it kills the cash flow and we are out in a panic sell situation or just operating at 0 c...
Nathan Frost
Cash Out Non DSCR Loan
Hi, my banker said - We are needing a minimum extra $20k in cash flow in order for this to debt service at 1.25x, which is the industry standard lowest it can be to approve loans, your's now is .98x. Is it possible t...
Nick Zocher
What Terms Are You Getting For Private Money?
Hello all, I'd like to know what would be considered "good" terms on a private money loan.I am in contact with a hard money lender who's terms are 9.75% interest and a 1.75% fee. Do you get considerably better terms w...
Daniel Llauger
Flipping using Hard Money calculations
Hey BP flippers pro'sThis is the first time I've been doing a flip using Hard Money, and I've been struggling with the numbers to the point if I'm doing the math correct or not. I have used BP calculator and I also cr...
Andres Cantu
Interest rate and APR for FHA Morgage loan
Currently got quoted for an interest rate of 6.25% with a 8.25% APR for the mortgage loan. My current credit score is at a 780. My question is, is that a good rate or a normal rate to be at in the current market of No...
Robert Adkins
BRRR won’t work for this property?
So I have a property I recently bought as an off market deal for 145k. It has a brick house that’s a 3/1 and a small house/apartment built behind that is a 2/1. I currently rent them both out for 1900$ and month which...