Menachem Krasnjanski
SBA 7(a) financing for a property
My partners and I have been trying to get financing for a 55 room motel for a couple of months, but many of the banks are hesitant about lending now. We found a bank that was willing to set us up with a SBA 7(a) loan ...
Joe Matthews
How to Shop Interest Rates
I’m looking to refinance my first investment property in Chicago, IL What is the best way to shop the interest rates to ensure I get the best rate?
Paul Thompson
Brrrr: Bank said they would refinance with a 15 yr mortgage
Spoke with a bank that doesn't require any "seasoning" before refinancing, however the mortgage would be amortized over 15yrs. Is this typical? This obviously would require higher monthly payments that would eat into ...
Jorge Garcia
Refinancing and leaving a 3.5 fixed rate behind
Have refinancing rates gotten better or is it recommendable to wait until next year to see what happens? I want to start a business and I want to use that money towards it. However I got this property locked in a fixe...
Tiffany Cohen
Loan Options for American Looking to buy in England
Looking for creative financing for an international purchase. Has anyone every worked with an ex-pat trying to buy in England? Foreign banks will lend with a 25% down payment. After doing research it's a very high bar...
Brian Dusape
Mortgage brokers in Orlando
Hello BP family! Looking to network/connect with Mortgage Brokers in the Orlando area. I would like to get pre-approved and start looking for single and multifamily properties.
Freeman Schultz
Questions about how jumbo loans work and how to refinance
I have been researching jumbo loans and I understand how they generally work. But they raise some quesitons.
1. When does the lender contact the mortgagor regarding the principal? A year before the maturity date or...
Murat Ozdo
Looking for teammates lender, contractor, realtor, property manager
Hello everyone,
ABOUT ME: I am a non resident foreign investor who just joined the real estate market possibly in the worst time :) I am interested in Cleveland,OH. I have been monitoring the market in and around Cle...
Daniel Foster
Cash Out Refinance on 5th property - Memphis Area
I have a rental property in Memphis that I currently owe roughly $60,000 on, that is worth about $135,000. The mortgage broker I have been working with says he can not do a cash out refinance because I currently have...
John Hodson
Best Rate for a 30-Year Fixed
Hi BPers!I want to get an idea of what mortgage rates you all are currently getting. I currently am seeing a 4.75% on a 30-year fixed with 20% down. If anyone has done better than this, I'm curious about what the term...