Thomas N.
Mortgage Fees to challenge?
Hi All,
In the middle of obtaining a mortgage for a property in NY. Estimated closing cost is at $20k. Are there any fees I can negotiate or challenge with the bank? Some of the fees listed in the closing statem...
Reggie Greene
Appraisal Process for Selling Property
During the process of selling a Fix-n-Flip, the appraisal came in lower than my Listing price. My agent said that the price HAS to be lowered due to the appraisal. The appraisal was lower than expected upon my purch...
Colby D Hollins
Appraisal came in low on a 203k loan...now what?
Hello BP members,So I am about to close on my 203k construction loan; however, my appraisal came in lower than what I needed it to be at.Details:Purchase price: $105kRehab + contingency: $100kLoan amount: $205kDown pa...
Dhwani Shah
About to close on my first rental multi-family :)
Hey guys, this will be a slightly long post, so please don't mind. It's an exciting one for me, for sure :) ...I'm about to close on a property that I found off market while just driving through a neighborhood back fr...
Marquell Jones
options after refi my house
Hello bp fam. I need advice about refi a house. I know that you can do the brrrr method if you are renting out and refi-ing on a sfh. My question is can you flip a property if you refi? Would I be able to sell it for ...
George Otiono
At a Loss for Words -- Refinance Gone Array
I recently did the application for the refinance with a company, they did the appraisal, only for them to come back and say my debt-to-income ratio is too high because he forgot to ask about my monthly rent.
Does a...
Michael Higgins
Need advice - appraiser under appraised rent for duplex by 50%
Background. Using a hard money lender to buy a duplex in smaller town in GA. Close date is one week away. The appraiser used very strict criteria including less than 3 mi radius, only duplex’s, neighborhood features...
Account Closed
Rethinking SA VA Loan Strategy
Hi everyone!
I’ve been looking at buying a SFH (to live in) above $200K but having no luck with cash flow (for when I eventually move out) - got one more potential lead through seller finance. What’s your opinion on ...
DeAndre Mason
Cash Out Refinance
Hello BP, I bought a duplex and renovated it too to bottom and now have it rented. I am looking to cash out refi however my current mortgage servicer has high origination costs to do the refi. I found a local broker t...
Franklin Marte
Down payment assistance programs
Is it a good idea to use a down payment assistance program? I want to get a house and I don’t have quite enough for a down payment I’m trying to think of ways to come up with a down payment I’m planning to use an FHA ...