Wayne Bodley
New mortgage company raised my payment amount!?!
Hi all, recently several of my mortgages were purchased by Freedom Mortgage. I realized today that somehow the payment amount on at least one of them was increased by about $50, creating a late payment fee. I'm in the...
Michael Masterson
Qualifying off rental income/no DTI requirements
Hello everyone, I am a relatively new landlord (less than 5 years) with a fairly successful duplex that is fully occupied. I recently closed on a HELOC (on this property), and have a fair amount for a down payment in ...
Steven Cameron
Delayed financing questions
We are confused about delayed financing. I was under the impression that for exampleThe property values at $150,000 @ 75 percent LTV would be $112,500 but due to the fact that we paid $95,000 delayed financing would o...
Adam Loud
Best options for beginers
Hello BP,I am currently in the process of my first direct mail campaign. My initial plans are to wholesale to raise capital so i can get to my future goals of fix and flipping. However, im curious what the best option...
Dan Green
Will I be able to get a loan?
Will I still get approved for a home loan if I'm a first time buyer, have a 740 credit score and have the down payment but only make about 1400 a month?
James Sullivan
Need help with purchase of condo
Ok, here is the situation... I am trying to purchase a condo for my primary residence. So far, I was declined by traditional financing (portfolio loan) because my DTI ratio was too high, though I have rental properti...
Jessica G.
FHA for Single Family House or Multi Family House in Astoria
Hi BP Members!I got into an interesting discussion with a Real Estate Agent in my area. The RE agent was clear in stating that no broker would even talk to someone looking for a FHA loan in Astoria, Queens as it is to...
Kairaba Burson
private funding secured by real estate.
how do i secure private money lenders funds with the property if they are doing 100% funds at closing? On another note. How do i secure their funds if it's just for the down payment on a loan? I contacted one title ...
Donna Hutchinson
Vetting a Private Money Lender
I am in the process of vetting a private money lender and I want to make sure that it's not a situation that sounds too good to be true. So I need help with the following:
1. Is a down payment typically required?
...
Franky Na
Canadian looking for mortgage options for US property purchase options
Hi All,I am in the process of purchasing my first investment property in Texas. I am a Canadian looking for Loan Officer and Mortgage Brokers who specialize in helping Canadians and DSCR Loans.Looking to see-1) What's...