Phillip Vaughan
The seasoning period
Hello, I was hoping to get some clarification on refinancing with a conventional mortgage. I understand that banks will usually refi up to 75% or 80% LTV, but I have a question about the seasoning period. Is it true ...
Bryan Ojeda
LLC - debt to income problem
Hello,I had two properties under my name that I transferred to an LLC where I own 20% interest. This is screwing my DTI when trying to purchase a new home as my homestead because all the debt is in my personal report ...
Benjamin Blackburn
Is PMI decreased the closer you get to a 20% down payment?
Hello BP,I'm wondering if the amount of PMI is decreased the closer you get to a 20% down payment? OR is it pretty black and white... you either put 20% down or not.Thank you
Andrew Kretz
Recommendations on refinancing a VA home loan
Hello, I am looking for recommendations on refinancing a VA home loan.
In 2010, using a VA home loan, I purchased a single-family home in Elizabethtown, Kentucky for $168,450 and currently owe $144,256. The loan is a...
Stephen Stokes
Next Steps Advice for Rental Business
Sorry for the long post but I am 32 years old and looking for some advice on next moves. I currently have 6 doors; 5 rental 1 primary:-$280K single family home in North East Austin with $177K loan balance, cash flow $...
Chad Lawrence
Would like to potentially buy a 2-4 Family in six months
Have $80,000 in student loan debt. Around $700 monthly debt payments for everything. Making $50,000-$55,000 a year right now. Have $60,000 saved for down payment, closing costs and rehab work for a 2-4 family. Would b...
Brad Parkes
Funding Real Estate with a Self-Directed IRA
Hi Everyone!I am looking at moving my IRA and Roth IRA from mutual fund investments to real estate. I understand to do so, I will need to convert it into a self-directed IRA. Ideally, I would like to use the funds for...
Eric Rich
Private loan, move to conventional
I have a unique private loan from someone who has put stipulations on my land use. He has built into the loan terms that I cannot sell the property, subdivide, build or really do anything to the property until there h...
Judah Hoover
The return of overlays
The return of OVERLAYS
Not Layovers, those are delays that happen at crowed airports. We aren’t likely to see them anytime soon… sadly.
I am talking about lending overlays. All banks assess risk differently and are...
Rhett Stephen Lowe
Seeking Hard Money Lender
My wife and I are planning to build a house this spring, We have been pre approved by GreenStone for up to $400,000.00 and our loan officer has been extremely slow and unresponsive. The house will cost around $200,000...