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We are selling a property via owner finance, but wrapping our current mortgage. The confusion is how to handle the insurance. I am getting different answers as to if we both need to carry coverage with us making the f...
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I have 8 financed properties and fall within that difficult band of 7-10 financed properties with Fannie Mae that require 6% reserves of the unpaid principle balance. The reserve requirement has become prohibitive of...
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I am trying to buy a property and get a mortgage on it and at the same time I want to take out a HELOC on my other property. These two will be at different banks, but my concern is that the banks might not approve eit...
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Working through my NC real estate broker prelicense course and am hearing about how certain stipulations are placed on lending to corporations relative to an individual.Does anyone have issues obtaining a traditional ...
We have a rental property that has two mortgages. The property was originally our first home that was purchased at the height of the market. We have been renting out the property for the last four years. However, we n...
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Hi all,
Look for some advice. I’m active duty military and my parents have had a home here in Hawaii for 30 years.
They currently owe roughly $260k on it. And, it was appraised for over $650k. It’s a single family h...
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I just got an approval letter for a conventional loan for only 3% down. I didn't know that there was a thing for 3% down payment conventional loan.
Now that I have enough saved to buy 2 houses with 3% down, I wanna b...
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Hi I'm Quentin and I am beginning my real-estate investing journey. I own my own condo out right. My Mother and father got a reverse mortgage on there home without my knowledge. My father has now passed. I just found ...
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There are two different properties. When borrower refinance cash-out an old mortgage with a 12 Bank Statements lender while applying for a new mortgage with another 12 Bank Statements lender at the same time, will ref...
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I have a duplex that I owe $135,000 on that currently generates me $1000 per month in passive income. My primary house has a mortgage of $329,000. I recently sold our old primary house and I have around $200,000. I...