Timothy Allen
Conventional mortgage refi into Commercial mortgage
I have a question here for the BP community.I'm currently closing on my first two investment properties both duplexes. One needs extensive rehab (Roof, heating systems, rebuilt porches, siding, bathroom remodels), the...
Kevin Larson
Refi with low appraisal value
I completed a Brrr earlier this year. When I refinanced the property to pay back my private money lender the appraisal came it at $105k. My projections and comparables in the neighborhood supported an appraisal at $...
Idara Brown
Private lenders, pros and cons
Hi. Can anyone please let nlknow, mainly based on their experience or work, what it is to work with a private lender and the pros and construction. Thanks
Christian Requejo
Pros and Cons between HELOC and Bank Construction loan for New home construction
Hello everyone, I need advice in reference to using a HELCO or Bank Construction loan to build a new home. I have a lot and I want to build a new home on it as my primary residence. I currently own a home with a lot o...
Bruce Harney
Lender requires repairs prior to close
I'm trying to buy a duplex and the seller is giving me a credit at close to replace the siding of the building. The lender is stating the repairs need to be completed prior to close but the seller does not want to do...
Ryan Deasy
Refinancing rent-by-room property
Hello,Does anyone know a lender that would refinance a rent-by-the-room property? basically, i am looking to get a commercial appraisal that utilizes the income approach on one of my duplexes. this property makes sign...
Daniel Soovajian
Question about closing costs
Hello!I have a question about closing costs...I've reached out to 4 lenders and secured pre-approvals with each to compare their rates, fees, etc.For a 25% down payment with 1 point on a $200,000 investment property, ...
Jill Davis
Residential Jumbo Loans - best way to compare rates?
Curious - what's the best way to compare rates for jumbo loans? Anyone have a residential lender that does amazing rates for jumbo loans?
Joshua Ricker
DSCR Loans have better rates than Conventional?
The other day I received a call from my lender stating she was doing side by side comparisons of a conventional to DSCR loan. For the first time I have heard the DSCR loan had a better rate with lower points than the...
Michael Dunn
Appraiser saying house can not go FHA 203K .....
So I just " re-talked " with the appraiser that came out a week and a half ago, to do the appraisal on the property I am trying to purchase.When he came out, he said that there were certain issues with the house , an...