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I'm trying to use a conventional or fha loan for a flip, but my loan officer says its not a good idea because i have to live in the house for a year or it is considered fraud.. is this true?Also he says there is a pre...
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Hi guys, thank you or checking out my post. I would like to compare a seller financing with regular mortgage and was wondering if there is any formula you use. Thank you!
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Hello I am new here and about to get our first property which is a duplex, $115k purchase price with a conventional loan, 20% down payment and interest is around 4.9%.I received the closing disclosures from the lender...
Been running into this issue, I am purchasing homes using funds from a partner, who is strictly providing cash and does not want to be hands on in the process. The issue is, conventional financing for investor homes d...
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Hi I’m currently serving at Hunter Army Airfield in Savannah, GA. I’ve been researching house hacking for the last few months. My question is can you make your VA loan a conventional loan? If so what would be the step...
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Ok so Im self employed (own a car dealership) for tax purposes Im not showing that much income (35K) or so. I have about 15K to put down on my first property was planning on using FHA for a multi family and house hack...
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What are the major differences of a traditional bank loan vs portfolio lender? Which one is better for fix and flip?
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Haven’t seen recent posts on the topic of lenders specifically in Hampton Roads Virginia, trying to revitalize the topic.Looking at purchasing my first portfolio property that isn’t a VA loans acquired due largely to ...
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Is it possible to get a conventional mortgage loan with less than 20% down payment? Even if using as an investment property?
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Hello, Does anybody know if you can do a 5% conventional loan on a multifamily ?