Hi, I know someone who is interested in buying a home but says that her student loan debt is affecting the process. I am aware of the key factors the debt to income ratio plays in getting a mortgage is there anything ...
What is your opinion?
Personally I think it is a terrible idea. It's just gonna slow the bleeding, at least until rates adjust again and we are back in the same situation. I swear, when I hear Bush promoting it I g...
I want to take funds out of my 401k to help start my first investment. I will be paying back into my 401k over 3 years. Will this be a wise decision? Is there a way to take funds out without getting hit with taxes?
I'm back on BP after a long break. I have a lot of federal student loans (sigh) that is currently sitting around 200 grand. I do want to invest in real estate but with such debt, I'm unsure if it's smarter to get star...
Hi my business partner and I have a 2 family in OH.
Having a devil of a time getting a cash out refi because the post rehab value is only about $75k.
Decided to go another route ...
My thoughts are to withdraw from ...
Hey there. A friend is buying a home to rehab and flip and he is looking for financing. He is offering 10% annual return and expects to flip the house in 9 months. His brother is a contractor and they have flipped ...
We've seen tremendous interest from investors seeking larger balance investment property HELOC's or home equity lines of credit. Understandably, investors are looking to tap or access increasing equity positions, many...
Team, I have a note that is reperforming and now seasoned and I am going to sell it. The borrower is way behind on her property taxes and is not in a financial position to pay them. My question is: do I pay all the p...
Explaining the Loan Process - Mortgage UnderwritingPlease note: Slight discrepancies in this process may occur as lenders may designate responsibilities differently among loan processors and underwriters.Your mortgage...
Hello everybody!
I would like to understand the "de minimis" exception in SAFE act and Dodd Frank.
My understanding I can do three residential transactions with seller carry backs (I am the seller) per year without g...