My wife and I are thinking of doing things a bit different than most. We want to get into a str cabin in the smoky mtns, but don’t have the funds to come up with the downpayment at the moment. We’re thinking that this...
I want to apply for a conventional loan on a duplex out of state. Both units are currently rented and I intend to keep renting them. A mortgage broker said one of his underwriters may approve a loan as "second home" w...
I'm not sure if this is a legit term but I've thought about this before and then I ran the numbers and was pretty excited to see what I came up with. Perhaps many of you already know about this and I'm just behind the...
I have a property with a FHA loan that I purchased last year, If I refinance that into a conventional loan, would I be able to get another FHA loan to purchase another building afterwards?
Are there any consi...
Hello everyone, happy to be here. I'm excited to get my real estate career started and doing lots of reading to let the picture present itself for me. I thought of a question I would like some clarity on. I would like...
Hello all!
I have heard so much about the FHA loan and how credit score can be marginal and you only need 3 percent down, sounds too good to be true , any insight ?
Thanks !
I need advice…I am buying my first investment property in May and will put it under a new business. I got laid off from my job and have been unemployed. However, I have savings and an inheritance I can use ,but I am ...
I’m about to put in an offer on a beach property in Galveston and I have a few questions for the group and would love some feedback based on your experience.
1) What loan product should I look into? Is a DSCR loan ...
We're doing the disclosures now and I was quite surprised at the 2.469% of Loan Amount (points) Origination charge which brings the total Origination charges to $16,500 (Property cost is 645K, 10% down). Our lender sa...
Hello,I put an offer in on a Chase bank owned foreclosure 2 weeks ago (the first day that they would accept offers). We were supposed to hear back within 48-72 hours, but we didn't. We kept our offer in and our realto...