Brett Baginski
Refinancing Primary House and Using it as a Rental
Hi all. I plan on moving to Florida at the end of this year and turning my primary residence into another rental property. When I bought this house back in 2017, I put it on a 10 year arm at 3.625%. I currently have a...
Assaf Kehati
Help with getting a mortgage for low income person
Hey guys I need your kind help and expertise!Here is the story:I have 90K cashI'm looking to buy an investment property for cash flowMy credit score is great (above 800)I don't have any debtIt's the first house I'm bu...
Faizul Islam
Cash-out refi/HELOC question right after cash purchase
I am a wholesaler. I have a property (in good neighborhood) that I have under contract for 40k. The as-is on-market value is about 100k and ARV is about 160K-170k. It is currently rented with long term renters that pa...
James Furlo
Is there such a thing as group loans?
Sometimes, I come across a deal where it makes sense to have more than 1 private lender/investor. So far, I’ve had them all on title at different positions.
But instead of lining them all up at different debt posit...
Singh Na
Question regarding Mortgages
Hey I would like to know if you can turn to B Lender once you hit the wall of mortgages with A lender and if there is wall on the number of mortgages with another JV partner ?
Brian Ellis
Financing options & DSCR Underwriting
Do they allow market/future rents to calculate? Or do they use current rents?
What ive been able to gather is that they will allow future rents if the place is vacant, and current rents if they are occupied.
Finally...
Chris Pochari
Net worth must be equal to loan amount?
Hi guys I'm new here but I've been puzzled over this question for a while. If commercial mortgages require that the investor have a net worth equal to or greater than the loan amount than isn't the idea of a 30% downp...
Nate S.
Need some advice on VA home loan
I just got out of the army, I just inherited my mother's house. I would like to use a VA home loan on my own house when the Hamp incentive is done with but I have to live there for another x amount months. Yet the thi...
Mark Davis
Can someone explain Reverse Mortgage Loans
Hello. I heard these mentioned and wanted to know exactly they were. Can someone please explain what a reverse mortgage loand is?
Amy Beth
Settlement cancelled due to Hurricane Ida
I was scheduled to close on a cash out refinance for an investment property in NJ last Thursday. It was cancelled that day and I was told it was due to Hurricane Ida impacting my zip code and they had to be sure my h...