What type of lender is the best? Bank, Private Lender, Credit Union?
In the process of looking for a lender and would love to hear suggestions. Do I pick a bank, broker, private lender or credit union? We are looking at a $500,000 home and I have $100k saved up for down ...
Does seasonal income count as employment?
I have a seasonal job from April to November and stop during winter. Whenever I apply for a loan I don’t know how to provide the best answer in the monthly income section of the form since my monthly ...
Chino Hills, CA - Jun 15th 2022
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Looking for a loan product that can close quickly
Staying here in OKC and I found a nice home that may sell fast if I don’t make an offer at once. It’s been listed for a week now and I want to get a deal done before it’s gone. I have all my docum...
Oklahoma City, OK - Jun 14th 2022
This question has not yet been answered.
Travel nurse applying for a loan
I am a travel nurse who is always on the move with contract work with a few gaps. I have great income and can afford a down payment of 30%. Credit scores are in the 700s and up. Found my dream home but ...
Clayton, NY - Jun 14th 2022
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Does anyone know what a PTA error is?
Does anyone know what a PTA error means? I am about to close on a home in a few days but the title office got a message saying that they are working on clearing a PTA error before sending the papers. N...
Auburn, IN - Jun 14th 2022
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Applying for a USDA loan
I am now beginning the process of buying a home. I am leaning towards a USDA since they offer no down payment. I don’t have good credit and I have a few late payments 4 with capital one in 2020 and on...
Renovating my home and need cash
A few years ago I purchased a home with owner financing in Florida. Now that my home is almost paid off I want to get some cash from it to do some much needed renovations. Do I refinance or choose a cre...
What is an acceptable source for a gift for down payment?
Hi, this is Ana from CA. I want to know what is an acceptable source of a gift for down payment? I planned on using my ex-husband’s help so I can qualify for a conventional loan but was told by my len...
Vet applying for a VA loan
I am a veteran planning to apply for a VA loan. I have a middle score of 560 and I plan to buy a home in Wisconsin. Are there lenders who would work with me even with low credit scores? I am willing to ...
Bank or Private lender?
There’s a duplex I want to purchase and turn into a rental property. There is a great demand for rentals in our neighborhood and I want to get into the game. Who has better rates and fees for investme...
Seller wants cash only
I’m new to real estate investing and I'm eyeing a property in Tampa. The seller wants cash only which I can’t afford right now. Is hard money lending an option? What do I watch out for to protect my...
What documents to submit for SFH vs Multi Unit?
What documents should I prepare when applying for a conventional loan for a single family rental compared to a multi unit investment property of 5 units or more? Do lenders ask the same data for both?
Cash out refinance after project completion
Hi everyone, I’m ready to spend $400k to turn a building I bought into a nice 6 unit apartment complete with individual water meters, sprinkler systems etc. I estimate rental income at $1650 each unit...
HELOC or DSCR?
I need advice on getting a HELOC or DSCR in my situation. I currently own a condo that is fully paid off and I want to get a loan on it to purchase a rental in Texas where my folks live. I am currently ...
BOUGHT A CAR
So I did something dumb and bought a car weeks out from my closing. It is a VA Home Loan and we make plenty of money. It took our DTI from 39% to 40%. They did not gross up for my wife's and I's VA D...
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