Maybe I'm nitpicking, but I'm applying for a DSCR loan and this is the second broker that is marking it as "Conventional." They say its because there's no "DSCR" block (true) but why not mark it as "other"?? My conce...
It seems like hard money lenders want their upfront points, but then they want their money back ASAP. They're not especially interested in you sticking around on their note.This is apparent because their notes balloon...
My wife and I are in our early 50s, self-employed and seeking a mortgage lender who understands our non-traditional financial situation. We own several NNN properties and residential rental (STR & LTR) properties...
Contrary to popular borrower belief, the mortgage business is actually more about people than numbers. In the beginning it might be all fun and games with X's & O's and spreadsheets of mortgage quote comparisons b...
Hello mortgage professionals! We applied for refinance for our primary and investment on 9/19. It’s 12/19 and still no sign of closing. It’s the pandemic they say... Is taking more than 3 months normal?
Hi! I would appreciate thoughts or actual experiences and insights on doing some market research on the market potential and target audience preferences for the type of property to invest in. Have any of you done it a...
I'm about 3 years from military retirement, getting going on STR investing, and interested in learning and getting certified as an MLO or other mortgage professional. I'll be relocating later this year, most likely t...
Is pre-approval needed to view off market properties from a realtor?- I know there's other financing options I've been driving around trying to find distressed properties, looking at listings with potential, and some...
Hello fellow members,
As you know, building a strong team of trusted professionals is one of the main ingredients to growing your real estate portfolio and helping others to do the same as well if you're in the servi...
I'm just starting the process of wanting to purchase a 2-4 unit multiple family home. I'm looking for someone who is in the Twin Cities area (MN) and has a recommendation for a mortgage professional who specializes in...