I own a duplex and rent out the first floor. After renting to a friend for the first year, I am now in the process of screening tenants. I had my criteria written up before accepting applications, but of course some s...
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Hey Everyone, Typically how long before removing a co-signer off a conventional owner occupied mortgage? Is this usually done by just an addendum or do you have to refinance?
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If I add a co borrower to my FHA loan would that disqualify them from qualifying them from their own FHA loan in the future?
Hi I'm new to BP. I have a question regarding a rental applicant who has moved from Korea to here recently so has very little credit history and has only a relative for rental history and is self-employed. A relativ...
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I am close to the finish line of my first real estate deal. I purchased a HUD home, and spent about $30K fixing it up. It's finally ready to rent, and I put ads on Zillow, Trulia and Craigslist. Lots of response in...
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Hi All, I got an application from 3 female students graduating college in May. I also met them last week. it's a two bed unit that has been completed renovated. $1,600 plus utilities. They have been roommates in col...
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Hi everyone, I have a tenant already in one side of a duplex I'm about to close on in Medford. He currently has a co - signer for the lease in place now. I've seen copies of past rent checks from the current landlord...
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Has anyone used Trustco and if so, have you taken a loan with a co-signer? If you have, what is needed for the co-signer to be taken off?
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I have tried searching this myself with no luck. It used to be that you could use a co-signer for income purposes. Has that changed? Anyone that can lead me to where to find this information I would appreciate it.
T...
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Long story short: I was pre-approved by my lender for an FHA two-flat in Wisconsin. My father agreed to co-sign on the loan. He lives in Illinois and will not be occupying the unit. I had a follow-up call with my lend...