Dmitri L.
Bridge Loan => Conventional / NJ contacts
Hi All,Curious if anyone has any experience closing a primary residence with a bridge loan or any other "cash-equivalent" product, then refi'ing to FHA/conventional later?I’m looking at an estate sale for a property t...
Jennifer Roberts
DSCR Loan Vs. Conventional Loan
As a newer investor I'm wondering why I would want to max out my DTI before applying for a DSCR loan? Are there any pros or cons to this? Or why would a lender recommend this? Just for reference, I have a good amount ...
Rickey Mayes
FHA (3.5%) vs Conventional (20%)
Hey guys I am new to BP I just have a question about current interest rates right now and what is the best way to put a down payment on a rental? As interest rates keep increasing is it best to put a down payment of 2...
Angel Reyes
Conventional Loan vs hard Money?
Im a new investor in Atlanta and I'm looking to understand the difference between a conventional loan and hard money whats are the pro's and cons and what experience you had using this tools. Is one better than the ot...
Mary Baccellieri
Requirements for 95 Conventional Mortgage
Is anyone aware of the requirements for most lenders for 95 conventional mortgages (5% down payment)? I know not all lenders are equal and have different rules but just wanted to get a general idea.I have an FHA mortg...
Aviv Berkovitch
DTI calculation - for conventional mortgages
Hi everyone, As I understand, every time that I purchase a rental property, after it rented, and I want to purchase the next property. The bank can take 75% from the income of the first property and if it covers the (...
Patrick Menefee
Factors affecting conventional mortgage origination
Hey all,Looking at 2 potential investment properties and trying to evaluate some of the criteria a lender would use to underwrite me. As a starting point, i have a mortgage on my primary residence. The first house i c...
Anil Sharma
Foreclosure, rehab and conventional financing
Hello everyone, I recently bought a foreclosure property using HML and expecting the owner to move out prior to this weekend (verbally agreed). Is there any standard cash for keys agreement that is usually signed by b...
Kyle S.
Conventional Loan Closing Credit Question
Hello everyone,I am purchasing a duplex that is fully leased and the seller has decided to credit me the security deposit ($600) and rent ($1200) for the month of October at closing to be reflected on the HUD.Since th...
Aaron Maleh
Asset based lending vs conventional
I have a home i own outright sitting on about 800k in equity but because of a couple factors on my tax return i wouldn't be able to get a conventional loan. What are the Pros and Cons of using an asset based lender? W...