Lyn Green
Does my Rider delete my "due on sale" clause"?
In reading my 1993 fixed/adjustable mortgage note (5/1) I have the standard paragraph 11 "Uniform Secured Note" statement that can trigger a "due on sale" clause. It reads "If all or any part of the property or any in...
Max Kimmel
Refinancing from an LLC
Hi,I closed on my first rental property at a 4% interest rate just before COVID. Obviously, interest rates have decreased significantly since then, and I'm planning on shopping around to see if refinancing to get a lo...
Philip Briskin
Cash Out Refi on Rentals
Hello - I recently moved 3 properties out of my SDIRA so that we could take advantage of the tax benefits. These houses are currently deeded to my husband and we own them free and clear. We are looking to take advan...
Tom Degroodt
Can I buy my rental from my LLC?
We have a SFH on a commercial loan under a single member LLC. I would like to get it onto a 30 year mortgage. Since it needs to be in my name for a 30 year conv. mortgage, can I purchase it from my LLC ?
Nicholas Weckstein
approved for loan but closing costs outrageous
so i'm approved by wells fargo for 145,000 with 25% down. my rate is 4.875%. buying in the scranton PA area. paying no points. and here's the kicker which i feel is insane...$10,059.86 for closing costs and prepaids ?...
Colby Wartman
TRANSFERING PROPERTY INTO LLC
I purchased an investment property 3 months ago using Lower.com for financing. Had a very great experience with them except for one thing. We purchased as an investment property under our personal names under the guid...
Andy Thoman
Help understanding leveraging debt
So I don't really understand the whole Refi and HELOC situation... I have a few questions.What are interest rates usually like compared to traditional residential mortgages?What is the difference between refi and helo...
John Ciallella
Can I buy in my name and transfer to LLC?
I have my first property under contract and my loan officer has been working with me for a couple weeks. She has the contract stating I will purchase under my LLC, however now she is saying underwriting considers it ...
Robert Arnold
Have you had a loan called after transferring a property to LLC?
Purchased a property in my name with a 30 yr fixed mortgage (big corporate bank). Have sense formed an LLC. Planning to transfer into the LLC. Would love to know if anyone has done this and the bank called to load due...
Hannah C Christie
Transferring mortgage to LLC
Bought the house in 2020 and have lived in since. Up to date on payments. Have lived in house since 2020. Conventional fixed rate mortgage which was sold to Fannie Mae shortly after originating. Wanting to turn into r...