Canadian citizen planning to buy a property in the U.S.
I am a Canadian citizen with a TAX ID in the U.S. I own a couple of houses in America which are fully paid. I’ll be getting a working visa soon and I plan to buy a property worth $1.2M with 10% down p...
Discovery Bay, CA - May 3rd 2022
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What are my chances of getting approved even with a parent plus loan?
Hi, we live in California and we’re buying our first home. Credit scores are in the mid 700s. We tried a VA loan to avail of the no down and no PMI but we were denied due to a $100k parent plus loan f...
Should I listen to this builder's recommendation?
A builder recommended that I buy down my interest to qualify for this home in Arizona. The original rate is 5.1% and $8075 to bring it down to 4%. This is an FHA loan and I have no idea how long I’ll ...
Are these charges legit?
I plan to convert my current HELOC to a mortgage loan for $140k. There is a transfer tax of $1780 under closing costs. I live in Maryland and was wondering if this charge is legit?
Can lenders call a loan due at any time?
Does a lender have the right to call a mortgage due at any time for no reason? I overheard a discussion about the 2008 crash where lenders called loans even if borrowers were not in default or in breach...
Is this a good deal fo a new construction project?
We closed on a new construction and we plan to lock the rate for 180 days. We asked the builder’s lender and they are giving us 5.1% for a 180-day rate lock. A deposit of 1% of the loan amount is requ...
Problems with lender and agent
I am scheduled to close a week from now but the lender hasn’t scheduled an appraisal yet. We began the application at the start of the month and feel that they’ve been sitting on it and now scrambli...
Are commercial loans the only option if you have a commercial building o...
We are ready to buy our first property which is a duplex with a separate commercial building on the lot. All three units are rented out, a barbershop and two residential. Banks are not giving us a loan ...
Atlanta, GA - Apr 27th 2022
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Ready to close my first real estate deal
I am ready to close my first deal. There’s a contract on a duplex with a plan to move into the other half. We have big equity in our current home that we can use but not so much saved up for closing c...
Chicago, IL - Apr 27th 2022
This question has not yet been answered.
What should I expect when investing in real estate?
I plan to go the BRRRR route in creating my portfolio. I own a home through a conventional mortgage but I’m not sure if I am qualified for refinancing yet. What are the challenges one usually faces wh...
Miami, FL - Apr 27th 2022
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Do banks require you to open checking account when you get a loan?
Is it normal for banks to require borrowers to open checking accounts at their bank? They prefer buyers to get their payments automatically instead of having a customer send a check every month. When a...
Investing in a triplex and selling our home
My husband wants to sell our home and invest in a triplex and live in one of the units. We can afford to put down at least 10%. How do we finance such a project? Will lenders consider the property as ou...
Can I use rental income as leverage for a loan?
I am an investor who currently owns 6 small SFH. 3 have mortgages, one has a HELOC, and 2 are owned. My income is almost entirely coming from abroad and I’m having problems with refinancing getting on...
Aliso Viejo, CA - Apr 26th 2022
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Problems with appraisal company, wondering if we can sue?
I refinanced a property and the appraisal noted that we had a safety issue concerning proper egress. This caused a lower price in the appraisal. I asked the opinion of the fire department and city offic...
Maricopa, AZ - Apr 25th 2022
This question has not yet been answered.
Can we buy a property without W2s?
My wife and I are relocating back to America after spending almost a decade working abroad. Our work contract ends in a few months and we are not looking to get employed but try our hand in the real est...
Discovery Bay, CA - Apr 25th 2022
This question has not yet been answered.
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