Josh Wickboldt
Primary residence loan rule for occupancy?
I am working with a lender and trying to pull some cash out of my primary home, which is a triplex that I house hack. I am deciding between cash out refinance and a HELOC. One lender tells my for their cash out refi...
Nick Cooper
Conventional loan says I must occupy for 1 year
I just closed today on my first property. We done a conventional 30 year loan and at closing there was a paper I had to sign that said I must have the home as my primary residence for 1 year. My wife and I are thinkin...
Joseph Lewis
Can one person acquire more than one FHA loan?
From what I read, one person may only have one FHA loan.
I'm wondering if it is possible to use an FHA loan to buy a home, live in it for the minimum year, then refinance with a conventional loan, then acquire anothe...
Mary Jay
How soon can I qualify for an FHA after refinancing current FHA?
Hi guys,My primary residence now is in FHA, and I was thinking of selling it or refinancing it.How soon can I qualify for another FHA after refi/sinning current FHA?If I want to get a primary residence rate on an new...
Michael Hammer
Short Sale Mortgage Qualifying
I have my first deal under contract and after being pre-qualified with plenty of income and zero debt, I may have hit a roadblock 3 weeks before closing. I went through a divorce where my ex thought it would be a good...
Joseph Lynch III
Forced to rent my first home
I literally just found this site two days ago. I moved to a city for a job and bought my first house with my wife. Within 6 months, we were forced to move because of my job. Not being able to sell without taking a hug...
William Coet
Assuming a Mortgage as a Solution To Raising Interest Rates
Hello,For a mortgage with a regional bank, can it be assumed by the buyer so that they can keep the lower interest rate (4.1%) instead of having to make a new mortgage at 6.5%?Thank you
Taegyun Lim
DTI of newly established LLC for Loan
I consider the business form of LLC vs Self-Employed to do rental business. For now, I am leaning toward establishing an LLC to purchase and rent real estate. In this case, the LLC won't have any income performance f...
Michael Pitsos
VA Loan Second Tier Entitlement Help
Hopefully a VA home loan specialist can answer this question. I have used up my current primary entitlement. My wife and I want to buy another house in the same city using my second-tier entitlement. The house needs t...
Steve DellaPelle
Can You Use FHA Twice?
Hello,If I am in an FHA Loan now but plan on refinancing to a Conventional Loan...can I use FHA again after this is done?Thanks,Steve