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I am a little confused about LTV ratios. From what I know a LTV is simply the mortgage amount divided by the appraised value.
If I am looking to mortgage a property that appraises at 100k and ...
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I am looking to cash out (BRRRR) a triplex. My lender mentioned there is a 70 percent max LTV per Fannie Mae. Has this changed, I thought my previous were all 75 percent for 1-4 cash outs....Thanks
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I have a hard money lender offering 70% of current value, not ARV. Is this similar to terms that others are hearing?
I'm hoping to use hard money for both the purchase and renovation. These terms don't seem to leave ...
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Asking Price = $120K
Appraised Value Of Property = $100K
LTV = 60% ($60K)
Equilty = 40% ($40K)
For example, the value of property is $100K and bank can onl...
Hi,I am a brand new to the BiggerPockets community and trying to learn about REI so that I can begin investing on my own.I am trying to understand how LTV works and why it is that low LTV is typically worse for the in...
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Most hard money lenders loan anywhere from 70-80% LTV and 100% rehab. What is the most efficient way to bridge the gap to equal 100% purchase price? I've heard about all this "private money" and "equity partners" wher...
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We are finding properties in our market with sellers willing to take 30 to 40% down and seller finance in second position. Is the banking environment such right now that the math on a deal and the experience of the in...
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Hello!
My husband and I bought a STR in Rochester, MN six months ago and did a bunch of rehab ourselves. It took longer than expected so we haven’t capped on much Airbnb income. We also didn’t get an egress installe...
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I am in the process of purchasing my first investment property. While talking to my lender I am trying to understand the difference of the LTC vs. LTV in regards to my down-payment and PMI.
I am told that my down-pa...
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Hi everyone, I found a lender in Canada that will lend up to 75% total construction cost including land. A fully open term, no standby fees for funds not drawn, interest reserve held during the course of construction...