Mary B.
SAY GOOD-BYE TO HUD-1
Greetings BP,I'm not giving any advice here, legal or otherwise, just sharing a reminder / FYI as October 3rd rapidly approaches, which is when the new TILA-RESPA amendments goes into effect. I've included a few links...
Wade G.
Owner Finance Question
In 2012 I sold a house by way of owner financing with a seven year balloon. The buyers are now refinancing with a bank and paying me off. The title company wants to know the payoff amount which is easy enough to see...
Mark Forest
Second mortgages
Why would a bank or anyone take a second mortgage? If things go bad wont the first lien holder get everything? The only thing I can think of is that the market value of the property hopefully increases past the ...
Jonathan Morris
Investing Strategies
After researching endlessly to figure out the best strategy to begin my real estate investing career, I have some thoughts on the types of deals investors will come across. Personally, I want to start out by whole...
Wendy S.
Incorrect Refinance check
Good day BP Nation.So some of you might remember a whole back I asked for your help to chose between a HELOC and Refi. Based on my time line to sell the property @Chris Mason suggested a HELOC. Unfortunately my lender...
Martin Perez
What is the process after you pay back loan
Would like to know what is the process after i pay back my hard money lender when i wanna keep the property for my self do i use a conventional loan or what other loan would you guys recommend
Louis Fernandes
Seeking Advice from BiggerPockets Community: Loan Direct LTD Legitimacy?
Hello BiggerPockets Community,
I hope this post finds you all well. I am reaching out for some valuable insights and advice regarding an opportunity that has come my way, and your collective wisdom could make a signi...
Gargi D.
Advice on paragraph of the FHA Financing Addendum I
I was to purchase a condo in Washington DC this month. I had a pre-occupancy contract which expired the day before the FHA certification and financing. The contract ended as it was to be the settlement. The sett...
Hans Restuccia
HML's- are giving the 4- HUD Settlement Booklet on business purpose loans?
The book states as follows:
"The Real Estate Settlement Procedures Act (RESPA) requires lenders and mortgage brokers to give you this booklet within three days of applying for a mortgage loan. RESPA is a federal law ...
Mike Schorah
Should I do a gap loan with no money, gap loan with $5k, no gap?
A local hard money lender with local underwriting can lend up to 75% of the After Repaired Value (ARV). 65% as a primary loan at 11.95% APR and 2.95 points. 10% as a gap loan (if needed) at 19.95% and 4.95 points.
Ex...