Matthew Aubert
Jumbo Loan or Conventional??
I'm wanting to purchase a duplex and a single-family home simultaneously. Can I use a conventional loan or will I be required to obtain a jumbo loan? I read jumbo loans are not easy to get. I understand selling one of...
Elad Messing
HELOC for investing-limit lower than expected. Continue looking ?
Hi all HELOC experts :)We are in the process of getting a HELOC for our primary, to be used as cash-equivalent to fund investments. After shopping, we opted for one bank however they just came back to us with the prop...
Rian Ash
Cash Positive Property- Can a company get mortgage?
Hi BP Experts,
I have been thinking of expanding my portfolio once I reach the limit for financing 10 properties and cannot get conventional financing rates. (Currently between my wife and I, we have 11 properties an...
Nitara Jones
Debt Ceiling Crisis Could Impact the Real Estate Market
In case you haven't heard, Congress is under pressure to raise the national debt ceiling before Oct. 18th to prevent the U.S. government from running out of money to pay its bills. If Congress fails to suspend or rais...
Cameron Moore
Insurance Coverage Basics
First, there are 2 types of Valuations in insurance; RCV (replacement cost value) and ACV (actual cash value). RCV is almost guaranteed to replace your home back at the standard it was before it had a major loss. ACV ...
Tyler Condon
Closing costs are already covered, but seller wants to give credit for repairs still
How can a seller credit be paid once the closing costs are already covered? The seller wants to give a credit for repairs so we can close early but the closing costs are already covered. Where would this credit be app...
Teho Kim
Mortgage loans as a OOS investor? - Q's about rates
I'm nearly complete assembling my team in Indianapolis as an out of state investor. I've been preapproved by a place called MJW LLC, however am not seeing a mention of rates. Is this something I ask now, or will I be ...
Jackie Jones
How Should I Acquire?
I am looking to buy a property in Phoenix, AZ for my son to live in. At first I was going to purchase a cheap 1 bed condo for less than $50k. However, I've decided I want to purchase a duplex or triplex creatively.My ...
Chris Mason
VA Loans, "Jumbo VA," etc, 2020 and Beyond
Most important: "Exhibit A: Loan Limit Examples"Recall that a 25% guarantee = you don't have to make a down payment. When you go with 0% down VA and all is vanilla, generally you use up entitlement at a rate of 25%, m...
Martin Ceja
FHA Loan or 3% Down Conventional w/ higher interest?
I've been talking to a few Mortgage Loan Brokers in my area (Inland Empire, CA) and asking them about FHA loans but most of them have been recommending a low down (3% down) conventional loan with a "higher interest ra...