I’m playing to get my first rental property this year. I’m looking for a multi-family 2-4 units. My lender offered me a 5% down conventional loan as well as a FHA loan. I know I am required to stay in the home for at ...
Hi, I’m in the process of selling my first flip and it has been one thing after another dealing with the buyers lender. We’ve been in escrow since the beginning of November and the lender now wants a second appraisal ...
My loan agent is telling me, that the Conventional loan that I'm getting, cannot be acquired using my LLC, is this accurate? is it true,
What are most people getting conventional investment loans at right now. Lowest I have seen is 5%. Is that typical with what others are seeing?
When applying for a conventional loan (for a rental property), will the bank base my loan approval amount on my current income (before the rental property is purchased and making a profit) or my total income with the ...
I just got the go ahead from the commercial dept. of a local bank on a cash out refi. When I cash out refi'd number 3 both a mortgage broker and local bank told me my debt to income was too high. I went to Lima One ...
Newer NJ buy and hold investor looking for opinions about banks/lenders easy to work with who will lend amounts less than 50k for a reasonable rate.
Hello All,I am on the stage where I am set to start investing in real state and kind of piecing together a plan and set of goals. I would like fellow pocketors to help open my eyes into the pros and cons of some opti...
Why would you use a HML that requires 20% down, 2points, app fees, closing fees, and requires a minimum of four interest only payments? Versus a conventional loan?
Cash or Conventional seems to be what everyone wants in my area (South FL). I'm trying to buy my first Multi using FHA/VA. What is up with that?