Campus Johnson
Putting 3.5% down payment on a FHA loan
If I put 3.5% down on a FHA loan, will my mortgage payments reflect a low down payment or will FHA treat it like I put 20%? Also, if FHA doesn’t treat 3.5% down like 20%, would I have to get mortgage insurance?
Andres Rivero
Funding For Flipping.... Anyone use them yet?
I was curious about this company who is offering me 80,000-100,000 from a line of credit. My fee would be $8-9k which would be taken from the backend. So basically,they would approve me based on my credit score. Then ...
Tyler Weinrich
Is this considered a short sale?
I have a seller that owes $46k on a house. He wants to get rid of it so bad, he'll sell it to me for $40k which is a good deal on it. He will bring $6k to closing table to make up difference. Would this count as a sho...
Patrick O'Fallon
Cant find HELOC Lender for an Investment property in CA
Hello everybody! Happy Friday. I currently have an investment property that appraises at $900k. My primary mortgage is at $550k and dropping. I have a $50k HELOC with a balance of $47k. I want to pull a $100k lin...
Michael Washington
FannieMae Homestyle Renovation Loan
New member to BP here in Baltimore. Has anyone had any experience (good or bad) with FannieMae's Homestyle Renovation Loan? (Not to be confused with FM's Homepath Loan)
Peyton LaBarbera
Portfolio Loan Questions
I have been looking into portfolio loans and I have a few questions that need clarifying
First off when you get a portfolio loan can you add additional properties after creating the original loan as in the future I a...
Eric Guasch
Florida Mortage Servicer License - Net Worth Requirement
Hello All-I am interested in applying for the Florida Mortgage Servicer License. According to statute 494.00721, the company must maintain a net worth requirement of $250k in order to originate and service the debt on...
Samuel Andrade
Blessings my fellow investors, I have a questions in regards to refinancing a sub to
Hey there! So I came across this subject to deal that needs some rehab and I have a question in regards to refinancing later. I will be taking over the payments and there’s a balloon payment in 5 years. When refinanci...
Rebecca Bauer
Cleveland OH: Now making Landlords & PM's responsible for....
Anyone else hear of passed legislation mandating the property managers in addition to property owners are now responsible financially for any repairs not done on properties, taxes not paid and rental certs not submitt...
Nicholas Wever
Seller Financing to Traditional Financing Question
Hi All,I have a simple, but silly question... I closed on 2 properties this past years. Let's say $350K, 50K down, seller financing at 6% IR with a 5 year balloon.Let's say I start to shop around and to transition fro...