Eric O.
Consolidate consumer debt into HELOC to lower DTI?
My wife and I have the opportunity to keep our current home and rent it out while we purchase a new primary residence. Keeping our current home and converting it to a rental would be our 4th rental. It'd cash flow abo...
Skyy Dugger
Rent roll building how long before offsetting debt
Hey looking at buying a property or condo fha loan. After one year of primary residence, if i have to move and put a tenant in place how long do i have before the rent roll will offset debt for another loan or how qui...
Precious Thompson
Still no longer stopping someone from qualifying for a mortgage
Hi, I know someone who is interested in buying a home but says that her student loan debt is affecting the process. I am aware of the key factors the debt to income ratio plays in getting a mortgage is there anything ...
Tom Wilson
U.S. Household Debt Reaches New Record as Some Delinquency Rates.
You can spin the increasing debt as "consumer confidence," alongside manipulated statistics such as "lowest unemployment rate" (look around you, do you really think we don't have an employment problem when all the hea...
Phillip Gonzales
Debt to Income
I currently rent myself but will be looking into my first investment property due lenders count current rent as a debt to income ration for loans?
Westin Hudnall
Using 401 K money to pay off my primary mortgage - Good or bad idea ?
My story : I'm 30. Fully vested with $55,000 in my 401 K . My primary mortgage has a balance of $35,000 left of my original $182,000 loan I got 5 years ago.I made a lot the past few years during the down economy and w...
Jon Joseph
How to expand
I now own two single family properties. The second is my primary residence. The first I'm renting at 700 with my mortgage at 555. Both were purchased at 70,000. My goal is to eventually not need w2 income to sustain m...
David Avetisyan
Question: How Much Reserve is Necessary to Qualify for a Loan?
I have a few existing investment properties - all conventional loans. The new purchase would be a commercial loan.Per guidelines, what is the minimum reserve needed on my existing properties, and the subject property ...
Lacey S.
How to overcome my DTI problem
I have been looking to buy my first buy and hold rental for about 18 months. I have enough cash on hand for a 20-25% downpayment and a contingency fund. I have an area and investment strategy in mind but when I went t...
Ryan Redmond
Pay off debt first or start flipping
Hey, everyone! This will be my first foray onto the forums after listening to a few dozen of the podcasts and reading many of the great articles on the site. One can only hear Josh and Brandon tell one to start partic...