I just got a quote from a conventional lender for 7.75% with a 2.5 point buy down.When I asked what would be the rate without a point buy down, they said: " There are no par (rates with no point cost) rates for invest...

I checked out my trans-union report, and it said that like a measly $7,000 in sallie mae loans that I took out a few years ago are utilizing 48% of my revolving credit. Isn't that going to hurt me when it comes time t...

I have about 35K in debt.  My credit utilization is 48%.  I have a personal loan with an original value of 14K that I'm three months from paying off.  Was that personal Loan calculated in my Credit utilization.  When ...

After emailing a few investors about using credit cards to free up capital I realized that not many people know how to use their credit cards to free up cash without getting hit with huge interest charges. I started r...

Fannie and Freddie indicate easy money is on its way

This may be a tipping point in the cycle. Look for 600 FICO's to get mortgages in the near future.

Hey BP! I figure I should just ask the wise BP community, but I've seen and heard different answers as to how long of a period one has to shop mortgage rates and to still be considered just one 1 credit pull. In some ...

I have a young couple wanting to rent  a 2/1 for 1325.00 a month They have good jobs and the income is more than necessary to qualify . But their credit is 466 and 501 . They are in their mid 20's . Everything else lo...

I am under contract on a house and my lender sent over the closing cost estimations. It looks like they are charging an origination fee of 2.5%. This seems high compared to what I have seen in the past. What have y'al...

Here are some key factors that most Lenders consider when evaluating a DSCR Loan Application:
Property Income: Your rental property should generate enough income to cover all the expenses, including the loan payment....