Evan Glasco
option to a conventional construction loan?
I just recently purchased a duplex, which needs some cosmetic updates. Kitchen, bathroom, new lighting and flooring. I also own a single family house, with our two kids at home, my wife is now a stay at home mom/teach...
Matt Liu
Overcoming the income obstacle for conventional
I found one mortgage broker who is willing to qualify me for a triplex BASED ON THE CASHFLOW ALONE. She said: All you need is the money for the downpayment since the DebtCoverageRatio is so high. Of course... that was...
Oliver Trojahn
Private Money For Conventional Down-Payments
We currently own 4 rental properties (SFR's). We buy them at 50-75k and they rent between $1,000 and $1,200. A type neighborhoods with great schools. I want to increase our portfolio to 16 total houses which w...
Bruce L.
Can I get a Conventional Loan?
Hi,
Was wondering if any of you loan professional could help me.
My FICO score is at 740+
Income is good, not an issue.
Up to 50% down if I had too.
Debt in Income will be lower than 4...
Engelo Rumora
OREIA Convention Cincinnati - Who is attending?
Hey guys,
I hope your all well.
Is anyone else attending the OREIA Convention in Cincinnati from the 11/7 - 11/10 next week?
Please feel free to connect and it would be great to meet like minded i...
Patrick Jacques
Conventional loan on a homepath property?
Could it be done? I have an eye on a homepath forclosure, but there are quite a few hoops to jump through going that route. I'm looking at flipping the home, from what I've been told through an agent and lender is t...
Alex R.
Conventional loan for a fourplex property
My bank will qualify me for mortgage for a 4-plex if I live in one of the units at least for a full year. A property I am considering right now is fully occupied. Can I still ask for the mortgage and tell them as soon...
Ryan Acain
Conventional Loan Approval for Investment Property
I have a question about getting approved on a conventional loan for an investment property. I plan on 20% down to fulfill the 80% LTV. I have a very low DTI ratio of sub 15%. However, my hold up is I have low reser...
Jason Merchey
Conventional Loans for Short Term Use?
Do people use conventional, 30 year loans for fix and flips? I have some cash, and a loan pre-approval from a bank. Not sure what 2014 will hold for me, but I was thinking that perhaps instead of using cash to do ...
Sam Tang
Exit Strategies for conventional ARM mortgages
I'm looking around for a portfolio lender that will finance me for a non-warrantable condo and finally found one. The condo is in the $175-200k range. They offer a 10/1 ARM with a 30 year loan term at 4.25% with 25% d...