Nick G.
Cash out LTV on primary in NY
Hey Mortgage Pro's, What LTV are lenders offering now on a cash out refi for a primary owner occupied in NY? Specifically in Westchester county. Also what's the average seasoning time to refi?Thanks!
Robert Reardon
Syndication with Agency Financing
Has anyone dealt with restrictions of transferability of membership, ownership or beneficial interests under Fannie or Freddie loan covenants? Specifically when the sponsor is providing bridge equity in order to be op...
Darrell Kirby
How to Apply for Section 8 in Michigan - Landlord
How do I apply for section 8 in Michigan? I have been trying to research and have left messages and sent emails with no response to the HUD link I was referred to. Is there a Landlord application to fill out?Thank you...
Steve LeBlanc
Mortgage Brokers are Clueless
This is a venting post, so please bear with me.
I just spent 60 days in underwriting with Mutual of Omaha, Chesterfield MO only to be told today that my credit request was denied for "unable to verify income" and "ca...
Sebastian Rivas
Agency loans/mortgages for foreign buyers?
Hi everyone! I am currently leading a small syndicate to buy US multifamily assets, will seek financing for roughly $3M. Upon looking at Fannie Mae's website, specifically the term sheet for conventional products (lin...
Nolan M.
Best way to cash out Refi a BRRRR
Here's my situation. I'm planning on trying out the BRRRR method to acquire my next rental. I'll be buying the house in my name (no LLC) and I'll be using a HELOC from my primary residence. Am I correct in assuming my...
Todd Willhoite
Manually Underwritten v DU for Fannie Mae
What is the difference between the underwriting called "manually underwritten" and "DU" for fannie mae loans? In looking at the fannie mae website it says that manually underwritten loans are maxed out at six, but D...
Naomi Hanson
CARES Act Loans/Withdrawal options = REDEPLOYMENT of Assets?
Have any of you been thinking of utilizing the new rules (if you qualify) to deploy retirement assets from existing 401(k)/457/401(a or b) into SDIRA or SOLO401(k)? CARES act allows for distributions up to $100K with...
Julie Haggerty
Does anyone know of a good insurance broker that covers Los Angeles area?
Hello!Does anyone know of a good insurance broker that covers Los Angeles area? Looking to insure Mid Term Rental prior to listing and want to make sure I am covered fully. Thanks!
Stephany Hanshaw
Doing HELOC in Virginia
I'm looking to obtain a HELOC on a non-owner occupied property in Virginia. Any know of any issues with doing this in Virginia or have any recommendations?