Hey folks, So I have approached some family members and have a few that would like to start investing in real estate. I would be the muscle and they are the $. Does anybody have an example of a promissory note I cou...
Two months ago, I completed a REFI to lower my rate and increase cashflow. Within two weeks of closing, my lender sold the note to a large lender based in Florida which I’d never heard of. I was shocked to read ABYSM...
Which makes better sense, have commissions, fees, etc. added to the loan or pay them outright to have a lower mortgage? What are the pros and cons?
Thanks.
Hello BP,
I am engaged to be married. I am looking to refinance my home to get a lower interest rate. Should I refi after I am married or do it before? Any advice is greatly appreciated!
Marcus
Hi all,This is my first post here. I've listened to about 40% of the podcasts. I'm going into settlement in a month for a new home we will be living in. However, when I called my current landlord to give her the 30 da...
Hey All,
Can a Non-Profit organization get a mortgage without a guarantor.? Property/Facility is owned outright by organization. As per bylaws no member can hold financial indebtedness to organization or be guaran...
Hello all
I'm looking into becoming a loan officer and was hoping to get a few questions answered please.
1. Do I need a state license (TX resident) or just NMLS license?
1b. Where can I prep for NMLS ...
Check it. Guys look like they are in a lot of trouble. Is there such a thing as too creative?https://dailyvoice.com/new-york/nassau/news/trio-from-long-island-queens-nabbed-for-alleged-mortgage-fraud-scheme-feds-say/8...
Hello,I just moved to Orlando from Dominican Republic. I am allien resident since 2013 but I have low references and credit history in US. I bought an apartment here in Orlando in Janurary/2014 and rented it. This ...
Hi,I received this information from my lender today in regards to an FHA loan. "With 5% down on a 400k property you are looking at an upfront MI of $6,650 ( onetime fee for FHA), which can be included in loan amount a...