Justin Lee
Refi from Private Money to Conventional
Do you know the process of refinancing from a private money loan to a conventional one? I have spoke to a few lenders and they informed me that the title needs to be in my name prior to initiating the refinance althou...
Furquan Ahmed
Please clarify my doubt
Please clarify my doubt. When we are borrowing money from the bank to buy multiple family appartments. Why are we not paying the principal portion of the loan. Or even if we are taking interest only loan, at some poin...
Justin Pace
What do you pay in PMI?
Hey All,I was looking into buying a SFR at 5% down. I was wondering what you pay for PMI and if it kills your cash flow. If you currently are paying PMI, what was you loan amount, down payment and monthly PMI cost?Tha...
Mary Eubanks
Owner Finance Between Son & Mother
Hi experts! I have a situation where a mom wants to sell her house to her son. She owes $77K on it. Will sell it to him for $285K. Due to the high interest rates and closing costs, thinking an owner finance would work...
Julien Teoulet
house hacking and upgrade
Hello BiggerPockets community. First of all, thanks for the forum and all the free reading and experiences you guys share. Very appreciated ! I am looking for advices or ideas in regards to my situation. I am currentl...
Francois D.
Refinance / Assumption to take out spouse name from loan
I am an investor from Texas and have a few loans under both my wife and I's names. I realized that we could double our fannie mae allowed loans from 10 to 20 by doing 10 for each name.
I called my current len...
Stella Guan
Non QM Loan for Newly Self Employed
Hi, I posted in the lending forum but was advised to post here as my question is California specific. I'm newly self-employed (~6 month) after resigning my W2 job and trying to get a loan to purchase a single family r...
Jason Howell
Factoring HELOC as down payment into investment calculators
It's pretty common practice to use a HELOC drawn from the equity in one's home to serve as the down payment for investment real estate... yet I haven't found any calculators that will allow me to add that into the equ...
Ben Stewart
Appraised Value Loan Options - Chicago
Hi All,
Does anyone have a local lender that will lend on appraised value? I'm looking at Chicago south suburb SFHs buy and hold 15-30 year fixed and was curious if any lenders even have that option available.
Tha...
Tyler Gautier
Mortgage Question for Single Family Primary Residence
What is the best interest rate you can expect to get right now for a single family primary residence conventional loan?