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Hi BP,I am about to purchase a property and is given two options by my agent. One is do a FHA loan with 3.5% down on a property with an additional 1.75% for the MI upfront or do a conventional loan with 5% down. I am ...
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I've been searching through the forums but wasn't able to find a clear cut answer to this newbie/basic question:There is limit of 10 properties that one can get conventional loans on. These 10 properties can all be mu...
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I have three rentals in Charlotte with conventional financing with a good interest rate. I just paid cash for a rental in Milwaukee and placed a renter. The next step is to refinance this new property. I was introduce...
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I have a goal of paying off at least one commercial (high hassle) mortgage and 2 higher rate residential mortgages this year, in 2017.So far - the commercial mortgage has been refinanced with a $61k cash-out, no point...
I saw someone on tiktok talking about putting 3% down on a conventional mortgage in Big Bear,CA. Does anyone know what lenders are offering such mortgages and what the loan perimeters are for this?
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I have an offer out on a duplex but it needs a new roof. No missing shingles but it's worn with moss on it. Slight dip in it as well. Also some broken windows. Will this work on a conventional loan in California? Any ...
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I have been looking around to finance my first home, hopefully a small multifamily that I can live in while renting out the other unit/s. I currently am working a contract position that is not permanent and from askin...
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I plan to build a portfolio in cities near Royal Oak Michigan for cash flow and equity with a buy and hold strategy focused on small multifamily units. I work as an engineer with a stable salary and I am planning to f...
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hello,Recently I have been working with a mortgage officer and real estate agent in hopes of purchasing an income property. The plan was to buy a duplex and move into half of the duplex and rent out the other half alo...
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Hi everyone, Any suggestions on lenders in NY offering a conventional ARM 3/1 or 5/1 with 5% down?This is for a primary owner occupied single family home. Lender paid PMI would be great too.