Allan Pilapil
Pre approved to buy 1st property
I just got pre approved to buy my first property and I’m looking in the Sacramento/Stockton CA area and I plan on house-hacking and renting out each room. Should I buy now or should I wait a year when things start to ...
Karen Margrave
HELP!! Pre Qualified vs. Pre Approved
Trying to help a residential buyer. Most of the listings now want pre approval over pre qualification for obvious reasons, and prices are going up daily here. However; on pre approval, the buyer wants to know if she g...
Account Closed
Getting approved with no monthly income
I am trying to get the ball rolling to purchase my first property. However, I am currently a student and do not have any stable, monthly income. I have been trying to find out whether or not I will be able to qualif...
Ryan Acain
Conventional Loan Approval for Investment Property
I have a question about getting approved on a conventional loan for an investment property. I plan on 20% down to fulfill the 80% LTV. I have a very low DTI ratio of sub 15%. However, my hold up is I have low reser...
Marty Happle
VA approval holding up my closing
I'm selling a flip and the buyer has a VA loan. They are dragging their feet to say the least, costing me thousands already. Is there a way to speed up the VA? The buyer's attorney says they are asking the bank ...
Louis Vargas
Article dealing with pre-approved mortgage
An article stating that pre-approved mortgage are a sham http://homes.yahoo.com/news/why-getting-pre-approved-for-a-mortgage-is-a-sham-163333787.html.
Veronica Barragan
South Florida Loan Pre-Approval Letter
Hello! I'm a newbie investor, and this is my first post! I live in DC but I want to start investing in South Florida because my dad is a GC here and is going to do my rehab. I'm looking to either BRRRR or flip a coupl...
Matt Dickens
Strengthening Your File Before Pre-Approval
What's up BP!
Many people have asked me what they need to do to get approved for a loan. There are a bunch of ways to help prove yourself to a Lender, but staying healthy in these four categories will put you in t...
Greyson Calem
Getting approved for first rental property
I’m looking to purchase my first rental property (preferably multi family/duplex) to start generating some cash flow. I currently own a home (3 bed 2 ba) and rent out the other two rooms to help out with mortgage paym...
Alex Kouvatsos
FHA 4plex advice. Can't get approved?
Hi, I need help getting pre-approved for an FHA loan for a 4plex in NY. Asking price is $299,000. I have 740 credit score, 0 debt, but don't make enough ($35K a year shown on taxes). I have a side business I made an e...