Ivory Hayes
Not Lending to Out of State Investors...
I own a few single family homes in the Saint Louis, MO area that I'd like to either pull equity out or leverage in order to positively progress with my real state investing. I paid cash for e properties so there are n...
Lesley Ray
Loan Options with High Debt-to-Income Ratio
Hello BP world,I'm in the early stages of my investment process but have come across a potential hurdle after speaking with a banker today. Here's the situation:I currently rent in San Francisco (a very expensive mark...
Kerry M.
Is a FHA loan hands-down the best?
My choices are: a commercial 5/20 loan of 87,500 from a good, local bank with much experience who is lending 70% (assuming an appraisal value of $125k.)
Or, I was told last week that if we took it out of the LLC b...
Michael H.
HELOC for down payment
My personal home is paid off and I am looking to obtain more rental property. I have a HELOC (I am going to switch back to an interest only loan) but all of the bankers I have talked to say I can not use it as a down ...
Jeff Howard
Loan to Debt Ratio
If you are trying to get a loan on a currently rented property, will a lender include the rent payments in the calculation of the Loan to Debt Ratio?
Matt Maluchnik
Anyone build their own loans to sell?
I'm speaking with a local mortgage lender...and it's basically a small business that packages loans..then sells them to a larger entity that buys them.As someone who's started a couple companies...I thought to myself....
Schuyler Ream
Need advice on dealing with clever selling agent trying to cancel
Hello,I'm posting on behalf of my parents (mother is buyer and father is buying agent and planning to occupy home). We believe seller agent executed in such fashion as stated below because seller wants to sell to back...
Kirk R.
Investor Financing - how long can bank/credit union finance an investment property? & Owner Occupant requirement.
Have a bit of screwy situation.
I bought my current house using a business loan through my credit union.
I live in the house as my primary residence. Credit union isn't the most excited about it being my primary ...
Luke Lattimer
Does a commercial loan usually have repayment penalty?
We are looking at a loan on a 7 unit apartment building including a house on the property. The bank is saying that a five year resetting rate on the mortgage is normal. Is this true? Also they are saying there is a pr...
Tony Severino
First-Time Home Buyer Downpayment Resources-- Nationally
Affordable Housing Program (AHP)
http://www.fhfb.gov/Default.aspx?Page=47
This is a program of the federal home loan bank (FHLB) system that provides funding to member banks to be used for purchase, construction, r...