I was pre-approved for a loan, 2 days before closing underwriting denied me. They requested me to put more down, but down my interest and pay an initiation fee. Is it worth it or should i just take the loss and loose ...
I was going to close 3 deals in two weeks to rent out. I was pre-approved for all 3, but underwriting denied me today. They did not provide much detail except that the depth to income ratio is the cause. I definitely ...
Was just denied a HELOC because it’s my rental property any help?
I couldn't believe it... I won a judgement against a pair of professional squatters in excess of $8,000 five years ago... Of course the squatters filed for bankruptcy right after my judgement was awarded. That was the...
Hey everyone, I own a primary near where I rent, and have about $250 in equity. Of that, I applied for $125K.I have 3 rentals that I own free and clear in Indianapolis. I begun the mortgage process for the Refi portio...
Do you have to tell a potential tenant that they are being denied after they filled out an application? Or can you just not contact them? Just of the mind that the less contact the better in this litigious society. ...
I just responded to a post with regards to "income source" as being excluded as a reason for a rental denial, but it is rooted in a fear of "perceived" illegal discrimination.I noticed that immediately the advice is t...
Hello BP,
I am having difficulties renting out my property in the winter. I have had two applications. It is a couple, one has a good credit, almost hits the income required, good credit score. Her Boyfriend isn't th...
I had a married couple apply to rent my property. This is my first property to own and first applicant so I am new to this. I am planning on denying their application for many reasons. The husband's credit score is ex...
I just received an application for my rental unit and wanted some feedback.Non-married couple who dont currently live together.One member of the couple has 710 credit score the other has below slighty below 600 score....