Account Closed
New FNMA Guideline helping pay off student loans
For those of us with caring debt from student loans FNMA just offered to help us out. You can now get better rates on a cash out refi if you use it to pay off student loans. It is just more incentive to jump in. Full ...
Clifford Brooks
VA Renovation Loan CAN/CANTS
I am using my VA renovation loan in Northern California specifically Bay Area to purchase a home that needs some work. I have a couple questions as far as “minor repairs” that i would like to be done to the property.Q...
Benjie DeVera
Advise Needed from Lenders: Tax Returns Weight on Loan Application
Hi, I'm currently working on my 2014 taxes. This 2014 taxes will be the most complicated one by far, with itemizing RE expenses, etc. I do have an EA doing it, so I'm just trying to plan for 2015, as I plan to purchas...
Ronny Tiburcio
funding rehab project
I am reading the book on flipping houses and it mentions how difficult it can be to receive money for rehab on the house you are trying to get a loan for. If i were to go with traditional financing, how can i come up ...
Richard Howell
Private mortgage lent from your Solo 401k
Doing a private mortgage out of my solo401k for someone's new purchase of their primary residence. Can I do the mortgage amount higher than the purchase price in order to escrow money for home improvements on the pro...
Craig Osborn
Signature Loan
Hello all, after loosing out on a good deal to a cash buyer, I decided to take a different path.
I found an inexpensive property that would be difficult to finance through a standard mortgage. I decided to secure ...
Deena Townsend
First Fix & Flip
I have an opportunity to buy, rehab, and flip my first property in Florida. I am extremely new to this. Is there a loan that will include the purchase price and rehab cost? Isn't DCHS or something?
Mio Chee
DTI- How does a financed property and its expenses affect?
DTI question (I am ESL. Please bare with me). Any input is greatly appreciated.
My husband and I purchased a rental in July 2021. After a rehab, new tenants moved in early September 2021. We are now preparing our ta...
Michael Gibek
$1.1 million mortgage interest deduction post new tax law
Before the new tax law, the interest on up to $1 million on a mortgage secured by a primary residence could be deducted on scheduled A. Likewise, the interest on HELOC up to $100k could be deducted in the same way. I...
Freddy Pettiford
Exit Strategy
Hey BP, My home that i currently live in i purchased for about 80k in North Carolina using a VA Loan. I have only lived in this house for about 6 months and only plan to be here for another 2 years. At that time i wil...