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I found out I have the option to go with a Conventional Loan over an FHA for my first house: Single-Family Rental (this would also be my first investment property)
I was thinking I would have to house hack for a year...
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The other day I received a call from my lender stating she was doing side by side comparisons of a conventional to DSCR loan. For the first time I have heard the DSCR loan had a better rate with lower points than the...
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hello, so I currently live in an apartment and looking to buy my first home which will be a multi family, I've heard the horrible stories. But a little struggle never hurt anyone. So, I've been reading on first time h...
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What is the process like for refinancing a hard money loan into a conventional loan? Is it easy to accomplish within a short period of time like within a couple months?
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Hello,I'd love some sound advice. I am a newbie in Real Estate investing. I'd like to purchase a multifamily in New Jersey. I don't qualify for conventional mortgage. I was told that I could get a hard money loan and ...
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I have looked into multi family units but I’m stuck on the decision of either getting a FHA or a Conventional Loan.I know there is a give and take before both, I know that if I want to do a FHA I can get a MFH for as ...
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I spoke with a Quicken Loan lender just to get a quick estimate of what kind of price range I was looking at for my first REI (also first home purchase). The lender stated that the best route for me was an FHA loan. W...
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So I was taking to a loan officer and he told me that I can only use the FHA loan 1 time and for me to use repeatedly I have to switch my fha loan into an conventional loan, so I was wondering what would be the pros a...
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What would be the perks of using an FHA loan to househack on a multi family home (duplex-triplex)? There's the lower down payment but that makes your mortgage higher, you have to pay the the PMI (I forgot the term on ...
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Hello all,Pretty new to the forum still so apologies if this is in the wrong spot. But I have a question about conventional mortgages vs FHA. I am looking to “househack” within the next 1-2 years. I am a recent grad a...