Asher Anthes
Best Option for getting a small mortgage ($60,000, 80% LTV)
I'm having some trouble finding a lender to finance a smaller sized mortgage for my first investment property. Do most larger banks choose to not lend on investment properties under $60,000 or so at all?
Tyriq Royal
Choosing between lenders
Hello,I’m between lenders and they both sent me back my appraisal. Lender one: fully approved & rate locked in.Lender two: Conditionally approved and my rate is locked.Lender two’s appraisal is 5k less than lender...
William Coet
What are Current Rates and Closing Costs For a Rental Mortgage?
Called a bank today and they are seeking 5.25% with $4,500 closing costs for a 90k loan on a rental with fewer than four units.Both the rate and the closing costs seem high.
What are others seeing these days?
Thank...
Dee Powers
Highest and Best Confusion
I wrote and offer on a REO property. Banks says there were multiple offers, send your Highest and Best. I did....and my offer was accepted. Problem is...they finally sent the ratified contract and it's for the amou...
Chris Davis
Multifamily Agency Lending in the time of COVID
This is my day job, and it's been both horrifying and interesting watching our healthy capital markets gradually deteriorate into a Michael Lewis financial disaster book. Thought it might be interesting to share war ...
Ari L.
minimum ROI FLIP - SoCAL
As a newbie, What would be the absolute minimum Return on Investment for a FLIP in Southern Cali currently? I have been playing with the Flip Calculator Analysis and would find it helpful for a healthy range that peop...
Thomas Haskell
BUYING 5 NEW HOMES FROM LENNAR & "THEIR PREFERRED LENDER"
hello guys, I am in the process of buying 5 homes one will be my home & the other 4 will be for rentals. my question is lennar is offering 2% credit towards my closing costs if I use their lender. am I really gett...
Aaron Wyssmann
HUDs lowest minimum they'll accept
I just submitted offers on two HUD homes and neither was accepted. They sent me an email stating what their lowest minimum net is for the properties. My question is there a point to submitting an offer that is lower t...
Jay Hinrichs
How U.S. can lower housing prices? And Could Trump look at Broker model as Broken?
I think there is a pretty easy way to lower prices of housing to some extent.. And that is to do away with Mortgage Broker and have all home loans orignated by the direct lender/ Banks..
I personally bought a home i...
Kevin Oh
Shopping around for better rates
I am in the process of buying a property. I have used a lender in the past and wanted to shop around to see who can give me the best rates. I got pre-approved by my previous lender and by another lender. My previous l...