Bryan Hancock
Why Do Banks Want "A Relationship" If They Want To Reduce Concentration Risk?
I recently read a piece by a popular author that observes real estate investors are gypsies when it comes to getting loans. They generally roam from lender to lender to get the best deal at the time for their situati...
Neil Aggarwal
Texas rule allowing use of a third party RMLO?
Hello:I am trying to find statutes that allow a lender to hire a third party RMLO and not be licensed themselves.I found a statement from HUD on it in this document:https://mortgage.nationwidelicensingsystem.org/SAFE/...
Richard Huynh
Differences in Mortgage Brokers or Mortgage Specalist
Hello Everyone on BP,I'm from Edmonton, Alberta, Canada and have a question in regards to Mortgage Brokers.In terms of investing is there a difference or specialized fields for mortgage brokers / mortgage specialist? ...
Account Closed
Loan Options post Short Sale
Good Afternoon!
Does anyone have suggestions on loan options post a short sale? I would like to purchase property this year and just completed a short sale less than one year ago. I was told by a mortgage ban...
Bryan Hancock
DTI Ratios For FNMA Loans When Borrower Has Rental Properties
Okay...With all of the threads going around about FNMA properties 5-10 I wanted to clarify how "DTI" is calculated for rental property for both the front-end and back-end ratios for:
1. Rental Property With Mortgage...
Lance Luvaul
A: refi 3 loans into 1? B: portfolio loans count in 4 loan limit?
Hi BP: sorry, two questions in one:A: If I refinance 3 hypothetical conforming/secondary loans into 1 big loan, does that reduce the number of loans that count against my limit of 4? (And maybe a 3rd question: is the...
Juan Monge
Investor friendly local bank in Houston
Hi BP community,Can anyone share any recommendations on an investor friendly, local bank which you are working with or have had good experiences with in the past? I need to open two checking accounts for a couple of S...
Justin C Huggins
Sell after Cash out Refinance, Primary Residence?
My wife and myself purchased a home that was somewhat a fixer upper. We have lived in the home ever since we bought it last year and have done several repairs and upgrades to the home. We have recently had a cash ou...
Faiz Kanash
Does my type of income qualify me for a conventional loan?(Bank statements loan?)
Hello all,Just a general question. I primarily work with hard money lenders to satisfy my needs when it comes to my projects as a fix n flipper, however there is also benefit if I'm able to work with conventional loan...
Phil Hartten
Have you tried to buy a NOTE from a lender at a discount?
I started a subdivision and did phase on of three. I decided to sell the land for phase two and three to a local buyer who indicated he would like to buy for than one or two lots...So I said...sure buy em all. He sa...