Dale T.
How does the Bank Value the Note amount?
Hi all, If I were to buy a note directly from the bank, Then how do I figure what to offer. Does the bank do a BPO? Or are they taking the value from the amount owed on the note. If the Value of the House is not near ...
Kelly Terry
How are Investment Property Mortgage Loan Amounts Calculated?
I am researching financing for my first investment property, and want to know how the maximum loan amount is calculated for mortgage loans for investment properties by banks? My only point of reference is going throug...
Kylee Fish
How do you determine amount for tenant rent?
Hello all,I am new here and I have seen people talk about rent for their tenants and in the area of their building. How is the rent determined? What are the deciding factors? What is taken into consideration when deci...
Travis Gregory
Acceptable amount of time for broker to respond
When working with a mortgage broker on getting a loan, what's considered an acceptable amount of time for them to respond to questions? What about getting back to you regarding pre-approval? For example, let's say you...
Karin Crompton
Typical Hard Money Fees (by category, not amount)
I'm looking for some info on what's considered typical vs what fees would be indicative of a bad lender - not the dollar amounts, just the categories, though if there are standard $$ ranges to be aware of, please say ...
Ashlee Hutson
Increased amount borrowed on construction to permanent loan
Hi everyone! Long story short, my husband and I will be closing on a construction to permanent loan soon and wanted to know if it’s possible to contact the lender and see about increasing the total borrowed. We have h...
Chris F.
How to maximize loan amount by decreasing DSCR?
So lets say I have this deal below and currently its returning at 1.5 DSCR. In theory, I could get maximize my loan if the bank is saying I need a minimum DSCR of 1.25. On excel, what function can I use to reduce the ...
Joe Hilanto
How to find amount owed in back taxes??
Hey everyone, So i'm trying to get this house under contract however seller does not know how much is owed on the property in back taxes. What can I do in order to find that information out? I currently have propsteam...
Chad Westfall
Where to find Liens and Final Judgement amount?
I feel stupid asking this, but I cannot find or figure out what to search to check if there is a lien against a property.
I live in Pensacola, FL, which is Escambia County. The country clerk's website is https://www....
Alejandro F.
How does loan amount impact loan points charged?
Hello All!I'm looking for some insight into how a change in the loan amount impacts the loan point %. I am in the process of doing a cash out refi on an investment property. In the process of refinancing and after the...