Aisha Brown
$150K in Savings Account- Just got Denied by my Bank
Hello everyone! I am new investor in SC and I am eager to get started with buying my first rental. I thought that I would be a shoe in with getting approved by my bank because of the fact that I have over $150k in sit...
Breonna Mahana
Lenders; Denied on Pre-Approval, no consistency! Why is this?
I genuinely need answers from professionals. My husband & I have spoken to 6 different lenders. Each one we have spoken to gave us a different answer to why we can't get approved, please help me understand why.
O...
Sean Thomas
Denied a mortgage loan by Quicken Loans for excessive debt
Recently I was denied a mortgage loan by Quicken Loans for excessive debt. I was looking to purchase an investment property. Here is some background. I have 644 credit score, 125K salary, have 30k for down payment. ...
Alicia Miller
Fannie Mae is denying request for refund on earnest deposit
Hi BP! I need your advice. I put down a $5k deposit on a Fannie Mae owned property and they do not want to refund it. It's my first investment property and the plan was to purchase with FHA, renovate, occupy, and sell...
Melvin List
FHA Loan Denied because of the Condition of the Property
I see so many deals come across my desk that have been denied on an FHA loan because the property does not meet HUD guidelines. These deals are then restructured using HomePossible or HomeReady conventional and they ...
Derek Bonanni
Can you deny tenant that has already signed the lease?
Hi All,I have a future tenant that signed a lease and has given a security deposit already. I just received a call though from one of their references telling me to not let them move in and that they were in his pres...
Andrew Jones
Rental properties don't have 2 years of income, HELOC denied
I have a primary residence I am seeking a Heloc on. I also have rental properties that do not yet have 2 years worth of income. The banks and local credit unions I have reached out to will not approve me for a Heloc...
Brian Green
Tenant Applicant with Cosigner who is retired - accept or deny?
I have a unique situation with a tenant applicant for one of my rental units. On her own she fails to qualify for the apartment because of insufficient income but her mother is willing to co-sign on the lease agreemen...
Linda Thomas
I want to deny this potential tenant. Would you agree?
Hello all,A couple w/ 4 kids. She has been at her job for 4 months. He has been at his job for 5 months. Prior to that they were both at their previous jobs about 1 yr. She is living w her sister and he renting a room...
Marc Dufour
Accept or Deny Rental Applicant from Overseas I never met?
I have a strong candidate from Europe who went through a relocation agent.
I would like to select him. However, should the deposit and first month rent payment happen through the relocation agent? or Him with...