Andrea Castor
Do rental mortgages affect primary mortgage qualifying amount?
We are currently in the position that we would like to buy land (2-5 acres) and build around the $350-$400k range. We currently own one rental (Value $90k loan $36k, $350/mo cash flow) and have approx $45k cash to buy...
Kim Handelman
To Reverse Mortgage or Not To Reverse Mortgage
Hi Everyone,So this is a real estate question - not for my business but for my family. My mom needs to retire and she can only retire without a mortgage but doesn't have the money to buy outright. She's been told she ...
Jon Klaus
Mortgage broker in Phoenix walks from his mortgages
This is an audio program from American Public Media's "The Story."
Steve Walsh, a successful mortgage broker who has earned as much as $1,000,000 a year is walking away from his mortgages. He was actually conservat...
Larry Schuffman
Mortgages on (2) of more properties? (Bundled mortgage?)
Question please...My wife and I are looking to finance (cash out) to 50% loan to value (2) investment properties in Florida.We have used our Life Insurance to Self - Fund properties and would like to be able to employ...
Megan Ahern
Difference between a mortgage and a mortgage note?
I have a title company asking for the sellers first 3 pages of the mortgage and the first 3 pages of the mortgage note. So my question is what is the difference between a mortgage and a mortgage note? Are they sometim...
Pierre Elize
Consolidate private mortgage into a commercial mortgage/loan
Looking at consolidating a few mortgages thats in my name into a commercial loan and possibly under a business name if that's an option. so i guess my questions is, has anyone done this before and what your experience...
Nikki Aine
Mortgage question - getting a mortgage under my sister
Hi All,
So i bought a condo last year and rented it out for a small profit monthly. I am planning to buy another condo under my sister ( mortgage). I will be paying the downpayment and managing rent collection and a...
Mike Bicho
Local bank or mortgage bank or mortgage broker
Hi BP,
Looking for input on type of lender to work with.
I'm looking to buy multis (2-4) units and single families. I will be using a $350k HELOC for the purchase and rehab. I can then with hold or flip. If hold,...
Rafael Nava
Mortgage Brokers ,Mortgage lender recommendations In Chicago area
Hey guys rookie looking to start house hacking on a multi family home. If anyone has recommendations on a great broker or lender would be greatly appreciated. Thanks I'm in the Chicago area
Joe Boggin
to mortgage or not to mortgage....comparable ROI
20k...
i can buy an inner city home tenant occupied unit. tenant pays 625 rent. taxes, insurance and water equal roughly 125/month and 10% monthly to maintenance leaves around 450 cash flow a month. i will...