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...
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...