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Results (9249)
Tim Grich ISO: HELOC lender (calculating rental income for qualification)
24 May 2021 | 1 reply

Hi All,
I'm trying to qualify for a HELOC. The problem I'm running into is two-fold:
1) Many banks still have a moratorium on these due to COVID
2) Debt to Income qualification due to unique rental income situation...

Corey Norman Pre-qualification with multiple banks - credit score hit?
15 March 2020 | 1 reply

We’re thinking of getting a personal loan from *another bank for mortgage for our own home (just moved). Does our credit score get hit multiple times if we inquire from several banks/lenders? *Currently have a constru...

James Carlson Will mortgage forbearance affect credit or loan qualification?
1 July 2020 | 8 replies

I have a number of investor clients here in Denver and Colorado Springs worried about coronavirus and their tenants' rent (and therefore worried about their mortgage payments). They're all asking me the same question:...

David VanSteenkiste Deed in lieu impact on new loan qualification
4 March 2015 | 1 reply

A friend of mine recently handed a portfolio of rental properties back to the seller on a deed in lieu. The properties were seller financed, non-recourse and not personally guarantied. The buyer was current on the loa...

Justin Reyes What are the qualifications to use Hard Money?
27 August 2019 | 2 replies

Hello I’m looking to purchase a home that’s a great deal but I’m worried that I don’t have enough capital to do the rehab. What are the qualifications to use hard money? How long does it take to receive the money? Do ...

Jeffrey M. Qualifications for Loan Mod for Homeowner in Default?
15 August 2019 | 18 replies

Hello beautiful people of BP! So I work for a company that purchases preforeclosures and specializes in short sales. I want to build genuine rapport with the sellers I get into contact with and I understand that a loa...

Leland M Campbell Loan Qualification with an Old and New Job
3 July 2020 | 2 replies

Hello,
I wanted to start engaging with the community more so looking for forums to speak on and connect with, but also wanted to start one with a question I've been wondering about for a week or so myself. And that q...

Tyler L. Question regarding rent used in FHA loan qualification?
22 March 2019 | 2 replies

So, I’m a little confused on one aspect of FHA income qualification.

As I understand it, the debt-to-income ratios on the mortgage can be no more than 31%. However, for house hacking, lenders are allowed to count 75%...

Justin Morris Buy our first home/self employment mortage qualification
11 March 2016 | 4 replies

Hello All,  My wife and I are taking the first step in our real estate journey and buying our first home in Tampa FL. We have about 10k saved and will be taking advantage of the FL down payment assistance program and ...

Levi T. Pre Qualification models for rentals in other cities
17 March 2016 | 1 reply

We all know our own cities; what' are good locations and what are bad, or edge of hell, as well what is prime to improve in a short number of years.

I'm interested in hearing any models others are using to identify p...