Zachary Sakena
Subdividing with conventional mortgage loan
Hi everyone have read some blog posts but wondering if anyone has came across this subdivision scenario.I have a SFH that is valued around 325k. I have over 50% equity in the home currently. I am in process of subdivi...
Jay Welker
Conventional financing for fixer-upper
Hello, I'm looking at a property that needs a lot of work. The power and water is not even on right now (REO) and it needs appliances. It may have termite damage. Is conventional financing an option? It's in a grea...
Nzinga Hart
Before going the conventional route
I am going through home showings now on multifamily properties in Portage County, OH. Since this will be my first investment property I am going through Ohio's first time home buyer program. The only stipulation wi...
Michael K.
FHA or Conventional for Units
Hello everyone.I am trying to buy a 2-4 unit and to live in one of the units and to count the other units rent are income. One lender told me he can account for 75% of the rent as my future income, but I have to put d...
Shaun R.
Refinancing a new conventional mortgage
I'm just wondering if there is a general rule of thumb for the amount of time that has to go by before you can cash out refinance a conventional mortgage. I just closed on a property about a month ago and after some i...
Tracey Hamilton
questions on conventional financing qualification
I have a few questions about qualifying as an individual for an owner occupied sfh with conventional financing. these will be specific to a newly divorced woman applying for the first time on her own.
1) is w2 inco...
Chris Carrigan
Refinance STR HELOC to conventional
I have a STR which I renovated using a HELOC on my primary home. Balance is $79k at 7%. No other mortgage on the STR. The STR has been in business now for 8 months. Gross earnings average is $2k per month. Is it p...
Shawn Thomas
Hard Money Loan —> Convention Loan
You need to fund the final 20% need to acquire the property. You decide to go with a Hard Money lender with high interest costs but your plan is to refinance the HML into a conventional loan after maybe 6 months of se...
Kristen Kenney
FHA vs Conventional vs Mac
Hi there. I am wondering the benefits / risks between FHA, conventional and the new Mac loan. I am a current home owner but will qualify for all 3 depending on location. I am selling my condo to get a 4plex or a singl...
Vincent Russo
First Investment Property, Conventional Loan
Hello All,I have a place I am about to make an offer on in Baltimore, MD. Over the last few months while shopping for a place, I was told I need to put 20% down since this would not be my primary residence. It is too ...