Dawn Burwell
Online loans advice experience
I’m curious about applying for online loans. With companies like Rocket mortgage or Quicken Loans. Has anyone had any experiences with them ? Good or bad ? Do they tend to approve ? Are they good with more creati...
Don Konipol
COMMERCIAL MORTGAGE BROKER’S 5 TOP TIME WASTING BORROWERS
COMMERCIAL MORTGAGE BROKER’S 5 TOP TIME WASTING BORROWERS 5. Borrower who applies for an acquisition loan without having an executed purchase contract with the seller4. Borrower who knows all about commercial mortgage...
Brandon Redfern
Refinancing Rental Property
I'm about to refi a rental to a 15 year. It only adds $60/month and I'm still cash flowing. I paid down the rate to get a 3.625. I checked with 2 online loan services. The property is not in the state that I live in. ...
Josh Wagner
My First Deal
Forgive me if this is the wrong forum section. Also forgive me if this discussion has been talked about previously. I am new to the website and am still learning how to navigate it. I am a Realtor in Fayetteville, NC ...
Alejandro Mcgarvie
First rental property in Las Vegas
Hello,
My name is alejandro and I live in las vegas. I am looking to at some point in the future soon to buy a rental property. This would be my first anything from a duplex to triplex and using an fha loan since it ...
Shawn Couch
Kabbage Lending is expensive
Unless you are desperate, I wouldn't bother chasing the Kabbage loans. Starting rate is 3% per month = 36% annualized. Loan term only 6 or maybe 12 months. Makes hard money loans look like borrowing straight from t...
Tony Velez
Buying property number 3 cash reserves?
Hi,We own our primary home and a triplex. Our mortgage broker said in order for us to buy another property.... we would need 25% down. Plus 6 months cash reserve for our primary home and our triplex. Does this sound r...
Jim Smith
FNMA changes Reserve requirements on Investors
FNMA starting today will require reserves to be calculated differently than in the past. Previously they counted a certain number of months PITI for each property as reserves. Now they will use a percentage of the U...
Shailendra Thakur
How to find Best Mortgage Lender
Hello All,I am new to real estate investing. I have been looking for a house for almost an year. Finally, I have found 2 family house which is good for living/renting. I will be financing this house so need expert adv...
David Stone
How long should it take to get pre approved?
I am working on taking out a 2nd mortgage with a Credit Union. I have given them all required documents on Friday (9/30) and she said she would probably have it done Monday when I talked to her. It's now Wednesday and...