Dustin Hedrick
Are lenders able to use market value rent to calculate DTI
Hi everyone, I have bought a triplex and am looking to refinance. The rents are below market value and I cant renew their lease until August. I would like to refinance before then. Just wondering if lenders are able t...
Assaf P.
FHA/Conventional loan to a future LLC?
Hello all,I'd like to understand better the situation with securing my investments long term.Can someone help clarify - Once a property is purchased with a conventional loan, under my name and under my taxes, what is ...
James Edwards
Total Fees on Re-Finance
What total fee amount including appraisal, should a guy expect to pay on a $20-$25k cash out re-fi?
Tou V.
Need to take title from sibling?
Hello, I'm a newbie here. A few years ago my brother and I bought a duplex. Since my credit was shot at that time, only the brother could be on the loan and title. I've since paid off the brother and would like ...
Ben Carmona
Rental Income Requirements for Fannie Mae properties 5-10
Rental Income Requirements on properties 5-10.
OK..just spoke to Fannie directly to clarify rental income
She said Fannie is definitely saying that if you own properties and want to be able to use income from them t...
Jake Lee
Separate checking account?
I have a commercial property and will be buying a rental home soon.Q1. Should I open a separate checking account for the rental home?Q2. Separate credit card for the rental home?Thank you.
Vera B.
PenFed lending - how do they know...
I don’t own more than three properties. However PenFed never did ask me for my tax return. It literally was an application, last pay stub, purpose of the loan statement, property tax statement, and having them added ...
Greta Andrews
Home Equity agreement???
How do we feel about home equity agreements. I'm familiar with Home Equity line of Credit and home equity Loans. I was looking up a loan. And the algorithms be algorithming and suggested home equity agreements. My ins...
Kevin Lefeuvre
Cash out loan needed. No tax return.
A relative of mine is looking for a cash out loan on a $700k clear property in Southern California. He's being offered 5.1% ARM 5/30 (5.1% fixed for 5 years then adjustable for another 25 years), with LTV 60%. No tax ...
Tony S.
Zombie foreclosure is driving me crazy!
So I have known about a particular property for a while now. It is located about 100 miles away from me in another city, and I've been driving by it about once a week. All of my research goes to show that this propert...