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Hi there, currently looking into the DSCR (cashout refi) loan products, and I am trying to lean into a lender with the lowest possible rate/cost above all else. Here are some details: LTV approximately 70-75%, 740+ cr...
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Hi,What are some of the best ways to find lenders? Ideally, I'm looking for smaller banks or credit unions as they usually have lower rates. Right now, I'm trying to call up the local ones and hoping they would do t...
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We are looking to purchase a property to use as a short term rental. We already have one exiting mortgage on our primary residence and have great credit scores. I have read that you can get vacation home loans for bet...
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Hello! As a brand new investor, would a jumbo loan be a good option for a multifamily property (looking at tri/quadplex)? Looking in the city of Chicago and would be putting down less than 20% due to the high cost of ...
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Hello New Investors.
We've been at this for some time now and we see a lot of the same questions being bandied about here on BP so let's put some of them to bed right here.
1. If someone is asking you to pay upfron...
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Hey everybody. I’m looking to take a HELOC on my primary residence to help finance my investing, if needed. I’m brand new to this game and have zero deals thus far. I’m looking for any advice on where to look for a go...
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My wife owns one rental property in her name only - Its currently rented for $1750, is valued at $425k. We're looking to do a cash out refi (60% LTV - ~$250k). Her credit is around 660-670 range. She does not work...
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Hello everyone! Super excited for my first post. I am a young investor looking to buy my first property after two years or credit building and saving. I’m looking for single family homes to house hack. Then hold as a ...
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I'm looking at purchasing a quad and wondering about possibly getting a 20% owner carryback and then only putting 10% actual cash down. I'm not really clear on how to calculate the owner carryback and what to offer a...
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Hi all,
I am looking to do a cash out refi on my owner occupied single family house. So far the lowest rate I can find is 4.99% I am looking for 20% down. My credit score is 740 my monthly income is 11k. I am looking...