Myrtle Blackman
upside down how do I wk with the bank owe149,000 value 23,000?
Hello my name is Myrtle B. I live in metro Atlanta Ga. I had my Re. lic. for over 20 years active. I have never done realestate full time.I had young children and my forcus was on my family .4 months ago I went inacti...
Michelle R.
Commercial mortgage - length of term
We have two different deals going. The first, is a commercial mortgage where we will owner occupy. The options for terms the bank has offered are:
7-year with a 25-year amortization
10-year with a 25-year amortiz...
Alex Silang
Getting a mortgage
Alright - complete newbie question here.
Is it good practice to get pre-approved for a mortgage? And should I go to multiple banks to see what the best rate I get? Also is it worth trying an online bank?
...
Ray Hollins
Denied Loan even w/Great paying Job, DTI and credit score
I suffered a kick to the stomach today. I work in the healthcare field, I make good income, receive a W-2 but I only work in 3 month throughout the year for multiple employers. My plan was to purchase my very first pr...
Kelcie Grabill
Help! Funding Issues due to 90 Day Resale Deed Restriction imposed by Seller's bank
Hello everyone, I am in desperate need of assistance. We are buying our first house. We've been waiting 6 months to buy our dream home. The seller's bank wants us to put a deed restriction so we cannot resale for 90 d...
Steve S
Question on how to protect your deals
OK, so please forgive this question if it's elementary but I am a newb.
I have my first deal that I am working and I got it by giving my elevator speech :cool:
I have an option contract on the property and I have a...
Felix Torres
Commercial Real Estate Loans
Hi everyone,Can anyone explain how commercial loans work. Is there such thing as an owner occupied commercial real estate loan? What steps do I have to take to get approved for a loan?I am very interested in a commerc...
Don Hines
I met my new neighbor.
The house next door sold recently and I met the new neighbor yesterday evening. Our discussions lead to where we work (at my day job). He is a comercial lending officer for a bank that I see mentioned frequently on BP...
Alexandra Scardo
Construction loan with land as downpayment
I need some help understanding how construction loans work when using land as a downpayment. We have several acres that we bought for $100k and still owe 50k on. The land value is, conservatively, $120k. There has not...
Adam Britt
A question about investment loans
Good afternoon BP! I have a question for you all. I'm still learning, so forgive my ignorance. I've heard the term "love money" and understand it to be money given or loaned from family. After speaking with a bank, ...