Hi everyone, I am closing a mortgage and I have a question about title insurance. The contract specified that the seller agreed to buy owner’s title insurance. The title company said that the policy w...
This is my first time to venture into real estate investing and I need your input. I live in the San Antonio area and I want to know how much I can borrow so I can determine how much I can spend on my f...
I am building a home in the Austin area and I would love to get your insights. The purchase price of the home is $100k and I’ve paid $3k for earnest money and $2k for upgrades. Here are sample numbers...
We attended a party with friends and we talked about our plans to retire at 62, sell our home and move to CA. They said that it would be hard to get a mortgage without a job. We have no debts and income...
I am applying for a $380K loan for a condo unit that I fell in love with after viewing the model unit recently. Closing costs run up to $5k and in a separate form it says the broker will receive a compe...
I’ll be graduating from nursing school next year and I plan to buy a new house. I’ve heard that 2 years full time in school is equal to a 2 year job history as long as you have a full time job after...
We want to invest in AirBnB properties and we want to use equity in our primary residence for a mortgage cash out refinance. We have 4.25 years left on a 15 year loan at 2.75% interest with $140k remain...
My best buddy and I are buying a property together. He’ll be putting up the capital and my role is to get the cash flow coming in for monthly payments. I want to be in the title but not necessarily on...
Hello everyone, I am a newbie in real estate investing and I plan to buy my first property which is a duplex in the San Bernardino area in CA. A loan officer approached me and I inquired about gov’t p...
A new home is available and I plan to buy it as an investment. It is a new construction and I am getting my loan through the builder. They told me that I have to purchase a minimum of 3 mortgage points ...
I am buying a second home in Boulder. I own my first home and the loan is fully paid. I am ready to close this month but I need to pay a down payment of $12k for a roof replacement for my first home. Is...
I have a chance to refinance with an offer from my lender. From 3.25% to 2.625% and a 30 year term with 23 years left to a 20 year term. I still have $328k unpaid principal and will end up paying around...
Currently I have a 30 year fixed rate mortgage with a balance of $362,000 at a fixed rate of 2.375%. My home would appraise for approximately $500,000. I am retired and expect to sell our home within th...
I own a home in CA and I would like to buy another home and keep the current one as a rental. I want to apply for HELOC before I start the new home loan process. I want to know if i should apply for HEL...
An owner of a duplex in Sacramento is giving me a good deal at $375k but I need to close the deal in the next few weeks. I can’t afford a down payment right now and I need between 20% to 30% quickly. ...
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