Michael Zagorsky
Stocks held in escrow account to meet 20% down conventional?
So I know someone who mentioned that his father in-law, who works for a investment bank, managed to get him an interesting mortgage for his primary residence. He says that it is conforming mortgage.Basically, instead...
Account Closed
FHA vs Conventional for High Credit Score & Capital Available
Hello BP!I am getting my educational foundation set at the moment, so apologies if this question comes off as amateurish. I also realize this question has been asked here multiple times (I read the threads) but this q...
Vickie Y.
Looking for a Credit Union or Bank - Conventional Loan - Arizona
Hi all, I'm in Los Angeles, but looking to invest in Arizona (Phoenix area - close to Glendale). Unfortunately, my normal credit union does not do out-of-state financing, so I am looking for recommendations for a good...
Zachary Himes
How to come up with down payment for conventional loan?
I am 22, fresh out of college, just landed a full-time tech job. I have a lender who will prequalify me for a mortgage of 450,000 or so (3.5% down or about $16,000). I can afford the monthly payments on the mortgage, ...
Dennis Cobos
Conventional Mortgage with less than 20% down and No PMI?
Hi everyone!I will be investing in my first property (duplex or triplex) in the next few months, hopefully around May, in Sacramento CA. I've been working with an agent already and have started to narrow down my crite...
Daniel Hart
Looking for ideas on closing contract assignments with conventional lenders
Any thoughts on how to do this? Someone mentioned to me that it may be possible to record a mortgage/deed of trust against the property, and use the payoff of that as your assignment fee, so that it doesn't appear as...
John Vo
Strategy for 5% interest rate in conventional loan for investor?
Hi BP, in the past couple of days mortgage interest rate has jumped to over 4% since Election Day for primary residence mortgage borrower. As an investor, I would also guess that interest rate for qualified investors ...
Alexander Rey
can i buy a distressed house with a conventional loan?
Hello Jacksonville fl and BP community I just want to be clear on this, can i get a conventional loan on a house that need mayor repairs like drywall missing cabinets ect?
John Baughman
Go Conventional Financing or Continue to Wait for Owner Finance?
I’ve been evaluating and trying to purchase a 4 family in a smaller town about 45 minutes from my house (15 minutes from my office).Here are the #’s: (4) 1 bed units, approx. 1000 sq ft each.Market rents are $400 easy...
Bret Kingcade
Opportunity cost of switching to a conventional w/ private lender
This week I went under contract on a duplex that I planned to finance with an FHA loan at 3.5% down. Right after I told my family about the deal, my dad reached out to me by surprise and told me he'd be willing to len...