Justin Owens
Investment rates for conventional loans
Short question: What is the normal spread between primary residence mortgage rates and investment rates? Are there more fees with investment properties vs primary residences?Background: we purchased 2 BRRRR properties...
Frank S.
Rates Received for Conventional Mortgage
Hi there,Can you please comment on this estimate? It is from a large bank.Currently, I don't have a mortgageScore 780Property Gross Income: $26,400Assuming 160K appraisal, 30% equity: DCR 2.5 Cap Rate 10%, Ca...
James Letchford
VA Loan Refinance to Conventional??
I'm currently financing my primary residence through a VA Loan. It's a jumbo mortgage ~$1.2M (at 3.25%) and it would likely appraise at $~1.5-1.7M. My family and I are currently looking at purchasing another home (tha...
Eric James
Limit of 10 conventional mortgages?
Ive read several times on BP that conventional lenders will limit a person to 10 conventional mortgages. Is that typical of most lenders, even if you still would qualify otherwise and have the Capitol to invest?
Gavin McHenry
Financing Options: VA or Conventional
I am currently active duty Air Force and looking to make my first purchase this fall when I PCS. I plan on house hacking a small multi family.
My question is about financing.
Would it be better for me to use my VA ...
Michael Robinson
Flipping with a Conventional Mortgage?!?!
Hello BiggerPockets Community.Let me first apologize because I haven't done much research on this topic, which seems backwards but I will go back after posting this and dig through discussions (don't shun me please). ...
Jeremy Stroud
Private lender plus conventional mortage
I've closed two deals in the last month. One duplex and one 4 plex. I expect both to cash flow positive from the start and end up with nice returns. If I continue buying at this pace I'll certainly run out of money fo...
Ryan Saulle
FHA and Conventional loan questions
Hey BP members! I have a few questions.I've been reading a lot, recently talked to a lender and I'm hearing mixed things.. I plan on buying a fixer upper multi-fam, living in one unit renting the other(s). I've read p...
Ronny Gonzalez
Opinions on online conventional mortgages?
I see a lot of online companies promising extremely attractive rates for conventional loans. Some have even said they do 3.75% with no points, with 740 credit or above. Now, I have talked to lenders in person and ever...
Miguel F. Mena
BRRR Conventional Mtg or HELOC?
Hi Everyone! When doing BRRR what is the best way to refinance. Should I go with a conventional 30 year mortgage or a HELOC? I plan on holding onto this property long term.Thanks in advance!!!Miguel