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Me and my wife are planning to purchase her mom's house. She used to live in the house and now lives with us for about 2 years now so the property still qualifies as primary residence. She is open to seller financing ...
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I ran these numbers using 30 year fixed loans with rates ranging from 3.5% on the low end to 4.75% on the high end. This is for you buy-and-hold types that are now at the stage of looking at your 'permanent' financing...
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My lender would not let me cancel my impound account until my LTV is 80% or less. Their LTV is based on the appraisal from 1.5 years ago (much lower value) rather than current FMV and they wouldn't revalue the propert...
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Hi - first time investor, naturally. I have a property that I want to refinance from a hard money loan to a longer loan. Here's my questions: - why is it that the hard money loan, on which I paid interest-only, is now...
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I have a good amount of equity i can utilize in my primary(i plan on renting it). I plan on purchasing another home soon i would like the opportunity to use the loc if necessary. i dont want to ruin my dti by addin...
I am brokering notes similar to this one. This one is available. The seller will not discount. I'd like feedback please. How do you figure out if it's a good investment ?
Performing Note Kansas City MO Price $25,...
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Just wanted to share, I've noticed a loosening in down payment requirements for DSCR (debt service ratio loans) that either use the actual or proposed rental income to qualify. Many lenders have investment property ex...
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I have a question about getting approved on a conventional loan for an investment property. I plan on 20% down to fulfill the 80% LTV. I have a very low DTI ratio of sub 15%. However, my hold up is I have low reser...
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I understand the higher interest in hard money but I get confused when it comes to the points and whether is there an monthly payment paid to the lender. Is the money just paid back at the end of the term? Thanks
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Are there any lenders accepting a 10% down payment on a second home (jumbo) mortgage? Seems most are requiring 20-25% these days.