To make a long story short my wife and I are selling our current home (in contract, closing soon) and due to the worst possible timing I was forced to change jobs which ruined our FHA approval on the home we were tryi...
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When buying your first home if you put a down payment below 20% down is it possible to pay the PMI in a lump sum as compared to paying it monthly until you reach 20% equity? And are there programs that will allow for ...
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Hi! I'm looking to invest in private mortgage loans. I have a buddy who owns a private mortgage company and has for the past 20 years. He is offering around 10-12% returns. I was wondering if anyone has ever done this...
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Hello, Does anyone have a private mortgage template they can share? Thanks in advance,Rick
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We are owner financing the sale of one of our rental properties. We would like to require the buyer to have mortgage insurance. Any recommendations or referrals to companies that offer such a product?
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Does anybody have a mortgage contract that they have used in the past for private money loans?
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In the process of offering cash on a house. Will be able to use private money for a mortgage with plan to re-fi out of the private money after a 3-6 month rehab.Question: how do I write this note?The lender has no pre...
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First time investor. I have found a nice 100K house (3 bed 1 bath) in good shape that would rent for 1200 plus utilities, in my area. Currently, I would not be able to put the 25% down that the bank would require. Wou...
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Hello and thank you for any advice. Here is the situation-I found a house I can purchase well below market. The owner would like to have six months after the purchase before vacating and will pay me the six months o...