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Help! So I plan on buying a primary home with an fha loan and after two years moving into another property with a conventional loan. How would I receive my refund in that case because my lender is telling me I get a r...
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Hello BP,I am currently working on a deal with wrapping mortgage on a commercial property. I understand the seller would keep their current insurance in place and I would get another insurance coverage naming seller a...
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Hi, I recently decided to refinance my primary residence in an effort to lower the mortgage payment to then rent it out and in this way increase my cashflow from it. I was working with a loan breaker and when the loa...
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I recently purchased a cabin in the Smoky Mountains and have done some renovations to bring up the value of it. Purchased 10/5/21 and owe about $380k with a 10% down payment. My question, is there a way to get around ...
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So If I am going to buy a house for cash, then rehab, rent ,and refi. When I do the refi and pull 70% of my money out, once I pull my money out and have a new 30 year loan with a new bank. Does the 30% left in the loa...
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How do you feel about paying mortgage insurance upfront? My loan officer mentioned tax benefits as a plus and lower monthly payments. Are there any downsides to that loan payment option from an investor point of view?...
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I've now had 2 lenders say that they won't loan money to qualified buyers because they could not get Mortgage Insurance. The MI underwriters are being absolutely impossible!
Is anyone else having a tough time with t...
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Hi All,
Ive recently bough my first home in the state of florida. I purchased the property with an FHA loan at 5.25% rate but plan to refinance once rates drop (if they ever drop lol). I keep receiving mails from in...
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I am going to look at a home tonight, the home is currently owned by a private mortgage insurance company per the real estate agent. Does anyone have experience dealing with mortgage insurance companies...anything I n...
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If I am paying cash for a house, then doing a refi to pull out 70% of money out. Will I have to pay Mortgage insurance on the new loan? Does the 30% left count as money down so that I do not have to pay Mortgage insur...