Felix D Menendez Jr
FHA bust Lender backed out after pre approval need help
So I applied for a FHA 203(k) loan and was pre approved for $325K I only wanted $250k. So after giving the lender all my documents upon first visit I waited a couple days for a rejection or pre approval. Great I was p...
Steve Jeffries
Self directed 401k prohibited transaction?
So, I was thinking of moving my W-2 401k to a self directed 401k. I understand that all profits have to be returned to the 401k, and there is a rule that a payment can not directly benefit you. This is my question...
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Dejan Davidovic
How to best use funds in a 401K?
I understand that there is a way to roll over funds from a 401K into a IRA; self directed I think.Has anyone done that? I hate to see all that money there and not being able to fully use all of it as a line of credit ...
Kiet N.
Income verification, how do you spot the fake pay stubs ?
I ran across some ads on Craigslist regarding "novelty documents" service which provides pay stubs.Have you seen any of these in from rental prospective applicants ? How do you spot them ? Thanks !!!
Chris Kajioka
W-2 "contractor" looking to get first mortgage
Hi All,My mentor recommended I ask for some help here for my unique situation. My wife and I are looking to buy our first home (single family home), both our credit scores are 750+ and our combined income is over 130...
Ray Hollins
Denied Loan even w/Great paying Job, DTI and credit score
I suffered a kick to the stomach today. I work in the healthcare field, I make good income, receive a W-2 but I only work in 3 month throughout the year for multiple employers. My plan was to purchase my very first pr...
Bily Elliott
401K loan
I plan on calling my 401K company first thing Monday morning, but I was wondering if anyone on here had any experience with 401K loans? There is a property for sale in my neighborhood, 3 bed, 2 bath, 1000 sq ft fo...
Johnny Mack
Possible Lay-off Right Bofore Closing
I’m currently looking at closing on a house hack in the next couple of weeks in PA. I’m an aircraft mechanic for a major airline and if there is no bailout I will be laid off. Good news is my old job called me and ask...
Chris Reyes
Colorado Lenders asking for COVID Letter from Employers
My wholesale Mortgage Broker just informed me about more lenders are bringing back "Covid Letters" which pertain to having the employer essentially Gurantee that the Cornavirus will not have an affect on the persons e...
Jeffrey Seid
How do lenders verify tax returns in Canada?
I always wondered how lenders verify tax returns in Canada. In the Usa, lenders can make you fill up a form that will allow them to pull your tax returns themselves, but such practise doesn’t happen in Canada. Lenders...