Cameron Riley
Do you Run a Credit check; Why Or Why not?
- Credit Checks are a major deciding factor? - Have you ever had success without running a credit check? - Great applicant, with poor credit, that’s the only issue, would you take a chance on him?
Antonio Sosa
50k for paying off collections? or Down payment on a Flip?
Hey guys im a newbie, and saving money to get into real estate flipping. I have a low 600's score and completing my second year of work history to qualify for a loan, i wanted to ask this comunity for some guidance. s...
Janet Gonzales
Bad Credit - No HELOC
My current situation; I have over $250,000 in equity and can't get access to it because of bad credit. Attempted HELOC but NO GO... I don't want to sell..
Want to invest with the cash and rent my property that wou...
Mark Beekman
Will Credit Limit Increase Hurt My FICO?
I know that opening a new line of credit will hurt my FICO in the short-run, but will raising my credit limit on an existing credit card have the same effect? Would it count as "new credit"?
Burt L.
DSCR Loan @ 703 Score-Will I Go below 700 During the Very Process
To get a better rate on a DSCR loan, a borrower is supposed to have at least a 700 Credit Rating. My mid-score is a 703 which puts me on the edge and in the higher rate environment anyone would like to at least minimi...
Chris Martin
It's not possible? 850 FICO for a RE investor?
Many years ago, decades actually, people with high debt loads, like us real estate investors, could not achieve high credit scores. The algorithm would limit scores based on arbitrary absolute numbers, like $2,000,000...
Chauncy Gray
Applying For A Loan (VA Loan)
Hello Everyone,I recently applied for a VA Loan through a mortgage banker. After the mortgage banker pulled my credit history, I was told that I "don't have any credit history, and therefore no credit score". The mort...
Mike Day
Would you rent to this tenant?
Hi all. So, I'm into all the details of acquiring and renovating properties and normally leave all the tenant screening management stuff to a management company. Currently my management company is asking if I want to ...
Matthew Paul
Charging different rental rates based on risk .
Mortgage companies do this all the time , lower credit score , you pay a higher interest rate , pmi etc. Now lets say I advertise my house for rent on the low end with a disclaimer. " rental rate based on a credit ...
Gp G.
refinance load declined
Below is the response from my banker who did refinance earlier for me. Any lender who can do cash out refinancing for me based on Property/Asset rents but not on my credit score which is currently low around (656, 650...