Abraham Shamosh
Mortgage brokers vs big banks
When buying a property, what would be the advantages and disadvantages of going with a mortgage broker firm vs just walking into chase bank ?
Nate Marshall
It's time to move on past the antiquated HARD MONEY and HARD MONEY LENDER terminology
To end the confusion once and for all we need to put a cold hard stop to using the terms of hard money and hard money lenders. Private Money can be lent by individuals and institutions. The hard money industry was the...
Kevin G Kempton
I'm buying with owner financing and have a few questions.
I am in the process of purchasing a home using owner financing. We've agreed on a 30 year mortgage with a 5 year balloon and 12% down. I have chosen to go this route because I'm self employed and getting a conventiona...
Domenick Cava
Looking for financing for ARV vs. Total cost
I am trying to connect with banks and credit unions in Maine(the area I am looking to invest). I have started contacting one institution every morning. One issue I keep running into is their refinance is based off o...
Carlos Rodriguez
Commercial Loans General Questions
Currently, I am taking the CCIM Commercial Courses and I have an assignment to learn more about the commercial loan underwriting protocol. If a mortgage broker can kindly help me answer anyone of these questions, I wo...
Anja Brey
For a conventional loan, rather work with one lender or multiple lenders at the same time?
Hello BP, I am looking for my first mortgage and I am wondering if it is better to work with one lender, or with different ones at the same time and use the one who gives me the best deal? What are the advantages and ...
Chanie Chriqui
Small local banks in Miami
Anyone have a list of small local banks in Miami that deal in portfolio lending? Or/and that are willing to let you transfer your current loan to an LLC?
Bobbie Dancy
Loan questions for Cleveland
Let's say, I were to cash out and refinance the property for $70,000 and the property is worth $100,000 dollars; at 70% ltv. Can I HELOC the rest or a certain percentage of the equity of the property or an identical l...
Marty Rogachefsky
Community Investment Program
Hello!I own a rental property in Cleveland that's currently going through the Section 8 process. The repairs required by Section 8 after the initial inspection were pretty minimal, but I've heard that there are grants...
Chris Seveney
Potential New PA Vacant Registration Law
Just wanted to share I received this today. Pennsylvania is looking to pass a bill to have vacant property registration and annual assessments and collect fees on vacant properties. (note some counties already have re...