Jack B.
Thinking of buying two more rentals with larger DP to max out my conventional loans.
Is this a good strategy?? Read on to find out WHY I want to do this..
I have 8 houses. I'm considering buying two more rentals so I can max out my conventional loans while I'm working a W2 job.
I'd put down 200K o...
Michael Ndjondo makadi
Is there any hope to win a bid war with a conventional loan in SD
I have been trying to buy my first property which ideally will be either a triplex or fourplex that has some potential and eventually requires some work here in San Diego. Since January, I found 3 nice deals but every...
James Park
The U.S. Dollar, 5 year ARM vs 30 year conventional & the snow ball effect.
I've been reading @Mark Ferguson's website and been thinking about his loan strategy of taking out 5 year ARMs and focusing on paying off the mortgage within 5 years. I know other buy and hold investors in Bigg...
Henry Sanchez
I am thinking going to do my first deal with an FHA or Conventional loan.
Was up BP! I am thinking of doing the first flip deal with one of these two loans... I am not sure if this is the right way to go since I don't have a stash of cash laying around. Don't you have to keep the house for ...
Artem Moskalenko
Using Hard Money Loan to purchase/fix up house, then refi into a conventional primary
Hello All,I am thinking to purchase a fixer upper property using a hard money loan, fixing the property up and then refinance into a primary conventional mortgage loan and live in the house as my primary residence. Fe...
Henry Rodriguez
Need help to see if it’s worth refinancing my Va Loan to a Conventional Loan
I'm considering refinancing my current VA loan, which has a 5.6% interest rate and a monthly payment of $3,200, into a conventional loan. I currently rent out my property for $4,100, giving me a cash flow of $900 per ...
Anja Brey
For a conventional loan, rather work with one lender or multiple lenders at the same time?
Hello BP, I am looking for my first mortgage and I am wondering if it is better to work with one lender, or with different ones at the same time and use the one who gives me the best deal? What are the advantages and ...
Michael Mutebi
Use S-CORP Or Company Taxes To Cover 5 Month Job Gap on Conventional Mortgage App
I have a conventional mortgage application currently in progress. I submitted my W2s from multiple jobs for the last 24 months to be used for the application. Upon review of the W2s, UnderWriting is saying I can't use...
William Edmondson
Is it possible to refinance an FHA loan to conventional and then get another FHA loan?
Hey there,
Here is my situation. I got a really good deal on my first property, a tri-plex in Atlanta, GA. The property was zoned as a single family and therefore the appraiser was forced to appraise the prop...
Albert Bui
Seasoning Period is now 6 months to use market value for conventional financing on Cash out's
It used to be 12 months and had limitations and restrictions when it was under 12 months prior.New Rule: use Loan to value guidelines on market value after 6 months after acquisitionOld Rule: must wait 6 months to cas...