Derek Brickley
What Impacts My Mortgage Terms?
This article is from an interview we did to address which factors can impact a buyer’s mortgage terms.
- Can you outline what factors of a buyer’s financial profile can influence their mortgage terms?
Almost every...
Cameron Wutzke
Parents forced me to co-sign for my credit, does this bar me from FHA?
Hey BP community!My friend is in this situation, wanted me to ask the forums about it:When my parents bought a house many years ago, they made me co-sign because my credit score was higher than theirs. Ethics of this ...
Rogelio Andres Jimenez
BTR Cash-Out Strategy
Hello!What are the key factors to consider when deciding on the most suitable loan type to cash-out refinance a newly completed house? Would a DSCR Loan, Conventional Loan, or Bank Statement Loan be the best choice to...
Isaiah Jackson
Where to start: House-Hack or Live/Fix/Flip
I wanted to get a variety of opinions on getting started in real estate investing. I’ve been doing research looking at both house flipping and rental property investment, and see that either can work and it depends on...
Socorro Temple
Construction Loan? Hard Money loan? Other
Hello Everyone,
Last year, I purchased a property using a DSCR loan for a medium renovation. The existing home was 1,000 sqft. But we've decided it would be best to add a second level and build a new home. The home i...
Kirk Ziegler
Newby buyer/investor looking for tips on how to finance a rental
My wife and I are former home owners looking at purchasing a three unit rental home which we will occupy and rent out the other two units. We are pretty sure we again quality as "new home buyers" since we have not ow...
Aaron Moayed
Can't Place Conventional Loan Title in LLC?
My mom's mortgage broker told her this: "A conventional loan, Fannie, Freddie, or VA, FHA do not allow title into a LLC. Commercial loans (5 + units apartment buildings) allow it but not for residential. Or an Alt A...
Rich O'Brien
I’m losing a house to unpaid property taxes. Need help
Hey folks,
Due to a lot of depression and personal issues, I let my property taxes go unpaid for close to three years. I bought this house to flip for $190k and I own it outright. It is in an extremely desirable are...
Joshua Slatton
How to use this $400,000 unit?
Hello everyone, i am posting in hopes that someone will be able to assist. My father and i are both owners of 1 unit. He owns his outright. We are trying to use his property with a heloc; however, his financial situat...
Mark Weinstein
Traditional Lending During Covid
Hey BP,I was hoping someone who has good experience as a loan officer can give some advice on my situation. I’m looking to purchase my first property using Fannie Mae’s 97% LTV loan. My concern comes when it comes to ...