Brad Gates
Spliting a lot with a mortgage
I live in Boise Id and have a property that has a house next door with a large lot. I would like to buy the back half and access it from side. The city is ok with it, my surveyor sees no issues. The owner has a mortg...
Michael Osborne
0% credit card transfer to pay off personal loan
I purchased a rental property in cash (half personal funds and half using a 48 month personal loan from discover at 7%). I just got an offer from Bank of America for a 15 month 0% $0 balance transfer. I am currently 6...
Kristopher Werner
Suggested Questions for Lenders
Hi BP!This is my first post, hoping for some help from the community! I’m making the leap into Real Estate investment and have started talking to lenders to find the best fit for my first investment, a multi-family th...
Russell Brazil
Fannie/Freddie 7% Mortgage Bond Limit
A lot of people have been talking about this new limit, without much perspective on the issue. The issue is that the GSE's, Fannie/Freddie are going to limit the number of 2nd homes and investor loans that get rolled ...
Charles Schmidt
Does a DSCR loan affect your personal credit and DTI ratio?
I have been shopping around for lenders for a 20% down DSCR loan for a new short term rental property. One of them told me that if I close the loan directly into an LLC (which he confirmed they can do), then it won't ...
Quentin Ross
Don't know what to do
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 ...
Vu Le
Will applying for 2 NonQM loan at the same time be a bad idea?
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...
Jason Halliburton
Cash out refi Seasoning
With Freddie and now Fannie updating seasoning requirements to 12 months, are there any other options apart from a non-qm/dscr loan? Im a newbie and have been building the start of my business to purchase my first BRR...
David West
Is my mortgage broker right? I won't qualify for 2nd home? Why?
My wife and I purchased a SFR in San Diego, CA in 2015 with an fha loan. Appreciation has been great and I've refinanced out of that loan to a conventional loan and opened up a HELOC with 58k available. We want to mov...
Account Closed
Note Assignment
If sell a note to somebody, does the lenders title policy and hazard insurance have to be changed to cover the new note holder, or does the coverage somehow automatically transfer to the assignee?