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From my understanding, mortgages are considered riskier investments than most other loans because the borrowers can repay early with little to no extra cost. If I hold a 6% bond and the rate on new issues drops to 3%...
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Hi Everyone, Looking for some help on a tax issue.I have a borrower that wants to do a loan mod on a loan that matures September 1st, 2020. The borrower last made a payment in July 2018. This will actually be my first...
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I received a scam call from Loan Depot offering really good opportunity to Refi my Condo and it looked so straightforward and smooth process all different than the service I received from my broker lender to get the l...
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Good Evening,I was wondering if you could ever Lose your VA loan.Meaning ,say you have been out of the Military for 10+ ears and have never used it ............. Do you have to use it by a certain number of years ?Als...
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Hi all,I am new to note investing - so new that I have not closed my first deal yet, so I have what is most likely a very rookie question. I'm working on a deal where I would purchase a re-performing note (10 payment...
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As of today, Decempber 7th, 2020, Fannie Mae and Freddie Mac put out new Resort Condo Guidelines that determines if a condo project will be considered ineligible for their standard financing options. From the rough o...
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Hey BP. My question is where and how do you SET UP seller financing? If you have a handshake and are aligned with a seller on the amortization, rate etc.... THEN WHAT??!!What company do I go to to set up the lone an...
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Looking for a commercial DSCR loan product without a personal guarantee.Can anyone provide a referral to lenders out there offering a product like this?
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I have a lot of questions regarding notes. Like in all things. I want to make sure that whatever I do, it is on the up and up. So with that said I wanted to know the following. In a recent discussion, the following wa...
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Hi there,Can someone recommend a mortgage banker or lender (no brokers, please) in the Triangle area?Thanks!