Ryan Echols
Low down payment loans for 2-4 units with co borrower?
Hello,
I am looking to get pre-approved for a 2-4 unit property in the Orlando area. This will be my primary residence and my father will be a non-occupying co-borrower, as I would not qualify on my own (I am 18). I...
Christopher Kinnaman
Can you borrow on a house that is already paid off?
I am new to the real estate game. I am possibly going to be getting a lump sum of cash this month which I then want to use to purchase a house. I do know for a fact that the amount of money I will be getting is not en...
Susan Hartman
Loan payment terms- "Borrower will pay loan in full upon demand"
Is it normal for payment terms to require the following; "Borrower will pay this loan in full immediately upon lenders demand."? It follows with "If no demand is made borrow will pay this loan in 359 payments." This i...
Stephen Homes
How to borrow for only a few months with low fees?
I need to borrow $190k to $200k to buy a foreclosure house (to live in). I just put another house for sale which it will certainly sell for over what I want to borrow.I contacted a couple of banks and their fees are v...
John Thedford
I Loaned Money On A Property, Borrower Defaulted, Then Passed Away
The title pretty much says it all. I hired a law firm to foreclose. I received a letter in the mail yesterday from the attorney handling the estate. Now what? What should I do if I want the property? Any comments, sug...
Leila Perez
1st time borrowing from Private Lender, need help with structuring agreement
I am about to start working with a private lender for the first time. This particular lender is a trustworthy friend, but I want to have a written agreement in place to protect myself. We are about to do a deal in whi...
Mindy Jensen
What Happens If My Private Borrower Doesn't Pay Off The Loan?
I made a loan to someone last year. They have always paid on time, but asked for an extension. I extended 3 months, but am not comfortable extending further.What are my options if they simply cannot pay the loan back ...
Vince Le
Borrowers need to submit what documents to loan officier for refinance?
This is my first file of refinance. What information that I need to collect as a loan officer?or what documents will borrowers need to submit to the loan officer for refinancing? Thank you very much
Rachel Waldorf
The Best Financing Options For Zero Income Borrowers With High Savings
I have around 100k in savings that I would like to put towards the purchase of an investment property in Rochester, NY. I’m looking for income generating rental properties that cost under $90,000. What are the best fi...
Flue Hasipi
How to best build a rental portfolio using cash (not borrowing) ?
Right off the bet, the reason I don't want to borrow is that dealing with interest is against my religious beliefs. I am preparing to move to Tampa Bay in 3-4 months, I will be renting for a while so I can use my $350...