Aimee Tarte
Hard Money: Finding the best terms
Hi everyone! I currently own two rental properties, and a business that has an SBA loan that put liens on both of those properties. I am thinking of getting a hard money loan in order to pay off the SBA Business Loan ...
Alfred Litton
Is Lending Drying Up for SFHs?
Hello All! Just wondering if everyone else is running into what I've been running into. Called a couple of mortgage brokers I've used before (big ones) to see about a cash-out refi on a property so that I could extrac...
Aditya Soma
Does the Mortgage Broker in Ontario have right to ask to pay fee?
Hi Everyone,I'm trying to getting conventional mortgage through Mortgage broker(Unimor Capital Brokerage) in Windsor Ontario Canada for 168,500 valued duplex, in first meeting he said there will be a small fee(he didn...
Jacob Crow
Questions on Finding a Lender and Agent
Hi all! I have been a big fan and follower of BP for some time now. My fiancée and I are finally starting to invest in Real Estate through a house hack in the Chicago area. We are currently in the process of looking f...
Tyler Carter
Are most all Refi Cash Outs the same?
I know there were be slight rate and point differences, but is there anything else that makes one Refi option better than another for Cash Outs?
Jake K.
How "Hard" is it to get Hard Money for a flip?
Hi,I was curious what the process is, and what possible pitfalls there are for someone, particularly a beginner, to obtain hard money for a flip? ty!
Nicole Bryan
Mortgage Broker Fee in Maryland - What's Legal?
Hi everyone!I have an agreement with a broker in Maryland to pay them 2% for a deal that I just closed. I however learned later that he had charged the lender 1.5%. I read somewhere that mortgage brokers cannot legall...
Account Closed
First Cash Out Refi Deal
Hello BP, I'm currently working on my first cash-out-refi deal with a portfolio lender. The bank will give me 80% ARV with no seasoning period - just need a valid lease. My private lender is a close friend who is ch...
Michael Dunn
HML .... help in understanding the Interest and Points
Can someone with a lot for knowledge regarding HMLs , help me in understanding how the Interest and Points work with a Hard Money Loan ?EXAMPLE:Say a HML says they charge 4 Points with an Interest Rate of 12% If The T...
Adam Lopate
First deal financing with average credit score
Hi Bpers looking for advice on how to finance my first deal. My credit score is sitting right around 605 and not sure if its smart to get a conventional mortgage or use private money to finance. Which route do you thi...