Clay Sexauer
Cash Out Refi with 46% LTV
Good Afternoon,I'm currently shopping around for a lender who can do a cash out refi on an investment property with 46% LTV. I'm very familiar with HML rates and will not qualify for a conventional mortgage. Can anyon...
Sean Dezoysa
Okay to apply for many HML loans at once?
Deals can move quick, is it okay or even standard to apply at many HMLs at once? And if you get multiple approvals take the best option and decline the others? I understand many HMLs have an application fee so I think...
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HELOC questions
What is the repayment time? The same as a mortgage?
Can you write off the payments?
Does the interest rate fluctuate or can you lock one in?
Ed Osowski
Land Use Restriction Agreement Across 3 Multis
Hi everyone,I've come across a situation I have no experience with. We're currently trying to buy two LIHTC properties. They're in decent shape, located neighborhood we really like. Current owner is open to a sale.The...
Ulric Donawa
Private Lenders vs. Bank financing
I notice many new and some not so new investors are looking for bank financing for their Fix & Flip and other deals. The fact is that there are many private Lenders looking to make deals. The time you spend tryi...
Camilo Pichardo
Home equity loan, heloc or refi. Starting out
Currently own a 2 unit as my family primary resident (current not rented, temporarily reverted single family). Want to move on to purchase a second multi-family. Leaning towards a home equity loan or refi as choices s...
Ryan Jopson
HELOCs and Investment property
Good Evening;Has anyone had luck finding a lender willing to underwrite a heloc for non owner occupied investment property (1-4 units)Any insight, comments, suggestions, recommendations, etc are much appreciated.edit:...
William Decker
How to get a loan in order to flip a home for the first time
I have recently got a business partner him and I would like to flip a house together. My credit is not too good he will have to get the mortgage in his name and I would supply part of the down payment my first questio...
Patrick Martone
How much cash should I use for a down payment & holding costs
I cannot decide what percent of my cash to use as a downpayment, and how much to set aside for holding costs. I will be doing flips and have my credit line approved. I was thinking of using half of my cash as a downpa...
Lucia Lilac
Brrrr Refinance Question?
Hello BP! Quick question? I found a property I want to Brrrr, my bank I usually work with sells the loan, I know this is to free up credit lines and allows lenders to pass out money to other borrowers. My question is ...