Will Gaston
Any Commercial Borrowers Have Success in Rate Modifications?
Just got a rate lowered with First Citizens Bank in South Carolina on a commercial note (20 year AM/5 balloon) from 5.25 to 3.5 with only paying 1/2 point fee. I've approached several other of my portfolio lenders ask...
Padric Lynch
Lenders, who's lienent with borrowers with past forebearances?
Currently, many lenders are looking for potential borrowers to have ended their forbearance period and to have made 3 monthly payments towards that loan or any loan they may have had in forebearance, before entertaini...
Michael Leeson
Non-occupant Co-borrower on 2-4 Unit?
I've run into dead ends on this with lenders and dug through past threads...
I have a pool of buyers who would like to house hack 2-4 units & pay ≤5% or less down - but need buy with a co-borrower who will not o...
Ross Morgan
Non-Occupant Co-borrower for FHA Multi-Unit
Long story short: I was pre-approved by my lender for an FHA two-flat in Wisconsin. My father agreed to co-sign on the loan. He lives in Illinois and will not be occupying the unit. I had a follow-up call with my lend...
Don Konipol
COMMERCIAL MORTGAGE BROKER’S 5 TOP TIME WASTING BORROWERS
COMMERCIAL MORTGAGE BROKER’S 5 TOP TIME WASTING BORROWERS 5. Borrower who applies for an acquisition loan without having an executed purchase contract with the seller4. Borrower who knows all about commercial mortgage...
Shawn Gardner
How to use Creative Financing when borrowing funds
Hello everyone! So my wife and I are looking at condo's that we can rent and we came across an owner who happens to own 3 of the 6 units in a building that we're interested in. My wife and I have the down payment for ...
Alan Asriants
Higher qualified borrows are being penelized by FHFA
According to FHFA - Borrowers with higher credit scores and larger down payments are going to be penelized with higher rates to subsidize higher risk borrowers. So everything you have been doing to save up, work for g...
Phylesha Smith
Recommendation for borrowing against our 14 unit complex
We recently built 2 single story apartment buildings. Each building is 7 doors. We need to borrow against the buildings to invest in our next property that we have run low on cash flow to finish due to all the in...
Don Konipol
What borrowers say........And What they really mean
What borrowers say……..And What they really mean
I’m not going to pay any upfront fees………….I won’t pay for an appraisal, title report, survey, accountant to prepare financials or anything else required to have ev...
Steve Dussault
How to borrow money to buy tax liens?
Indiana is a tax lien state with a one year redemption period at which time you are issued at tax deed if the property is not redeemed. I've been watching the tax sales and there are some houses that are acquired at ...