I am concern about not getting approved for a loan because of my debt-to-income ratio. A mortgage officer told me to not deducted my business expenses for this year because it will show a lose in income. I am contempl...
Hello. I am trying to get a loan to buy a house or duplex and I am having an issue because I bought a house with my sister 3 months ago and I am being told the whole amount will need to count against my DTI even thoug...
...with a 2 year old llc (no rental income) and no primary? Just based on these 2 parameters.
Also, whats the chronology for turning a primary into a rental?
I talked to a mortgage lender in my area, and after a few minutes of talking he was clearly excited about my situation! This got me really excited too, and he told me that I am formally pre-approved for a loan! I am t...
Ok, here's the story...
I am in the process of buying a property in NJ which is a short sale. At the time the offer was submitted. The loan was owned by Wells Fargo. I received the short sale approval on Friday, July...
How hard is it getting a loan approved ?! My husband has a credit score of 616 and I have credit score of 685. My debt to income ratio is a bit high but my husband makes great money . Is my mortgage broker not going t...
Hi All, My agent recommended a lender. My agent works the firm with the most sales in last 12 months in my market and her firm has 5 star reviews. The lender works for major bank. I verified this because I see her na...
Back in the good ole days (2000-2006) I was fortunate to work with a experienced private money lender that had a very easy loan approval process and simple terms for new ground up construction.The loan approval proces...
Does anybody have any experience with "LARRY STONE LENDING CENTER"? They are in London UK. I just got approved for a loan subject to my paying for loan processing fee of $ 1260.00
I have private money secured from two individuals, each loaning $100,000. The funds are disbursed via a LOC. Considering my rehabs will be funded by both LOCs, how do I come up with a POF to provide banks with my offe...