Travelle Mason
Experience with REDlining
It isn't anything new and it has been well documented (whether you are aware of it or not). I'm curious to know if there are any personal experiences with redlining for those seeking conventional mortgages, especially...
Rick Baimbridge
Is a 55,000 dollar mortgage possible?
I recently applied for a $55,000 mortgage with multiple big name banks and was informed that they don't write mortgages for that amount. Is it possible to get approved for such a low mortgage or will the points al...
Steven Barr
Explanation breaking down loan costs
Hi BP - I am buying an investment property for $90,000 with 25% down. All of my costs are below. The closing costs seem VERY high. Is this a reasonable amount to assume paying?Purchase price: 90,000Borrower closing co...
Ryan Jacques
DSCR Terms Opinion
Hi all, I just received the below term options on a DSCR new purchase loan (780 credit score). I'm curious to learn if these seem in the reasonable range including the fee amounts. I'd also like to ask if the rate di...
Adi Habib
Credit score affecting loans.
18 year old here, I was wondering how much would a credit score affect a mortgage, if I do not have one. I would have the money for a down payment on a property, and extra money after that. Would I able to get a mortg...
Kristen White
First timer - opinions requested
Hi everyone, first post.
I have been wanting to invest in real estate for 30 years. This week in my rat race commute I started listening to audio books about investing. I oddly enough started with Rich Dad, Poor Dad...
James Park
MySmartMove's Credit Rating?I just turned down a 790 w/ eviction
I have two of my personal higher end rental properties listed for lease for $1850/month. I encountered a unique situation where the credit score came out as 790 but there was a recent eviction record that took place ...
Stephen Miller
SFH BRRRR with personal loan + CC financing
Hi everyone, I'm Stephen Miller and I'm a newer member to BP. I got my first BRRRR property two months ago (2nd rental first was LC). 4B/2BI chose to use my high credit score and use a personal loan and 0% interest cr...
John C.
Finding a piggyback mortgage for a MF property?
Good morning BP,
Long-time lurker, first-time (very enthusiastic!) poster.
I'm looking to make my first foray into RE investing, having spent a decent amount of time analyzing potential properties. While I have the...
David Leffel
Requesting credit karma report
I have been considering waiving application fee if applicant supplies credit karma report. Has anyone tried this? Am I overlooking some unintended consequence?