Giovanni D Midili
Which is better? Paying down student debt (~60.000) or investing
Hi,My name is Giovanni and I'm a 30-year-old single dad to a 6-year-old daughter. I currently have about $80k in tax-advantaged accounts (401k, Roth IRA, HSA) and as of last year I've maxed out those accounts. Addit...
Allan Yeung
DSCR vs Cash Out Refi
For BRRR, after a property is renovated, they can approach a lender to do a cash out refi. Does the lender evaluate based on ARV? or Purchase Price + Repair cost only? Also is there any restriction like time period (a...
Brad Roche
Maximizing Savings in a High-Interest Rate Environment
In a high-interest rate environment, every penny counts when it comes to managing your finances. One area where this is particularly true is in paying down your mortgage. For most people, their mortgage is their large...
Brandon Johnson
FHA 3-4 unit difficulties.
Can anyone name a lender that will allow a 3.5% down FHA on a 3-4 units property?The last two lenders I've sat down with have given the okay for a 2 unit property, but both state that that I cannot do an FHA for a 3-4...
Caleb Whitney
% below BPO
EDIT: the title should read "% below BPO
Can anyone post what the percentages below BPO the different loan type usually take? I'd like to hear some negotiators chime in on this one.
N/A N/A
When does Residential become Commercial?
Hello all. For some reason I am thinking that I heard somewhere that anything over 4 units is considered commercial, but my realtor told me that anywhere someone lives is considered residential, no matter how many un...
Eran S.
Looking for investor friendly portfolio lenders in Cleveland
Anyone has experience with credit unions or local banks lending in Cleveland who can help with <$1m rentals portfolio purchase
Ryan Collins
Need Help With Financing Resources
I'm considering applying for pre-approval of a HomeStyle Reno loan I've been discussing with a loan administrator for a while. Seems like a decent go in terms of deal financing and ensuring the security of my first fl...
Freeman Schultz
Questions about how jumbo loans work and how to refinance
I have been researching jumbo loans and I understand how they generally work. But they raise some quesitons.
1. When does the lender contact the mortgagor regarding the principal? A year before the maturity date or...
Eric Gutierrez
Typical Cost to Renfinance
Is there a typical cost to refinance an investment mortgage? Would be refinancing a property that I currently owe 146k on and is worth around 200k so it will be 20%+ equity 30 year note.
Thanks