Do I move forward or not?
To start my REI career, a HELOC with my credit union is an option. My credit scores are not the best (675/685) and I had some financial downfalls before but no bankruptcies. I want a fixed rate loan and...
Can my girlfriend and I co-sign for a loan?
I am looking to buy my first rental property but just recently declared bankruptcy 6 months ago. I have enough money for a down but I would surely get denied due to the bankruptcy. Can I use my fiance's...
Can I use my rental income as qualifying income on a new loan?
I have a primary home and a rental currently. I bought my primary residence a few months ago with an FHA loan. It’s a 5 bedroom SFH where I rent out 4 of the bedrooms. Can I use this as qualifying inc...
I plan to buy a house but lender requires 2 years of W2s, what are my op...
I am moving to California this year, leaving my job 8 months ago to start a new company. I am a flipper and got my first project done using a hard money loan. I want to buy a house when I move but a len...
Atlantic Beach, FL - May 10th 2022
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Are hard money lenders any good in my case?
My current lender requires a 30% down for a conventional loan on a triplex. Do I have other options other than an FHA? I’ve heard of owner occupied conventional loans with a 15% down, I think my DTI i...
Indian Wells, AZ - May 9th 2022
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Need to get a loan for a second home
I’ve been having sleepless nights trying to obtain a loan on a second home. I thought a HELOC would work as I planned to use the equity on my first home and get cash for a down payment for the 2nd pro...
Atlanta, GA - May 9th 2022
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Are there lenders who take on a small amount for refi?
I am looking for lenders who would refi at $50k. Most of the lenders in the market are at $75k minimum. My property is worth $150k and I need the funds to renovate our bathroom which needs it badly due ...
Lender wants me to buy points to close a loan
This is my 3rd loan with this lender and I have a week to go before closing. My loan estimate has a $5k fee for a 6% but no rate lock. Lender is pushing me to buy points to close the deal, what are my o...
Triple net deals? how do they work?
I am new to real estate investing and I have my eye on triple net properties. Where do I start? How do I get financing for a triple net deal and how much down payment is usually required?
Aliso Viejo, CA - May 6th 2022
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First time investor needing advice
Are there lenders who will take on 100% financing based on a property's cash flow? I don’t have extra funds for a down payment and I am currently working my way out of debt. This will be my first inve...
Surprised to see additions to my loan principal after forbearance
I used to be in a Covid forbearance program and I am now able to resume payments. The lender sent paperwork and loan modification and I don’t understand why there are escrow payments and a $20k junior...
Looking for lender who would take on commission based income
I live in Idaho and am looking to buy a home. I’ve been having difficulty getting approved since I’ve been with the same company for over two years but I was switched to a new position and have been...
Do we shop around for lower rates?
We got pre-approved yesterday and the rate was 5.3%. We live in Texas and we thought the rate was quite high. The lender informed us that this was the lowest rate right now and that we can explore other...
Does an inactive credit card affect approval for my construction loan?
First-time buyer with a new construction loan ready to get approved. I have a credit card that was closed due to inactivity a few months before closing and I want to know if this would affect approval. ...
How long should I be in business before applying for a loan?
Buying my first real estate investment this year. I own a small business and I pay myself. Will my W2 earnings and business income count when I apply for a mortgage? How many years should I be in busine...
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