Net income needed to get approved for a loan

Let’s say you want to apply for a loan worth $200k and buy a rental property that costs $355k. Down payment will be $150k. Primary home is fully paid without any debts. How much net income do I need t...

we have a loan agreement that gives the lender a share of any increase i...

After my house settlement my realtor ask me for 500 dollars . My realtor...

Can I transfer PMI from an existing mortgage?

I have a question about refinancing. Why do you need to pay title insurance again when you refinance if you paid for it already when you bought the house previously? Can you transfer the insurance from ...

What work experience do I need to qualify for a loan?

I have worked in the same industry for 2 years. 1 year as a 1099 employee and 1 year as a W2 employee, is this enough to qualify for a loan?

I need more info on how HELOC loans work

I want to know how HELOC loans work? Do you need an appraisal to get the current value of your home? We bought our home for close to $400k. Mortgage is currently at $337k and appraisal is $370k. How muc...

Can I be charged an appraisal fee twice?

I am switching from a VA loan to an FHA with the same lender. I already paid the 575 bucks for the va appraisal and they are asking for an appraisal fee of $ 500 again even though I won't be receiving ...

Do I need to save more before investing?

I am single in my 20s and wanting to buy a home preferably a fixer upper that I can make a profit on once done with renovations. I saved around $30k to put down but my income is not so good. I tried app...

Does having a partner in real estate investing complicate matters?

I am new to real estate investing and I just refinanced my home to get a rental or flip a home. I have my eye on a triplex and I am wondering how to structure a deal since a buddy of mine will be my par...

Can't decide on refinancing or not, what do you guys think?

We are going back and forth on doing a cash out refi to get a down payment for a multi unit property. Our current rate is 3.375% and we are looking at 4.125% if we do a refi for a 30 year loan. Any thou...

I need help in choosing the best loan option for a duplex

Newbie here about to make my first offer on a duplex. I have 3 options on the table: 1. A conventional loan with a quote at 4.375% for a fixed 30 year loan 2. Variable rate that is fixed at 2.25% and ha...

Could rates go any lower in the coming months?

Has anyone noticed the rates today for investment properties? I talked with my broker and he said that it’s at 4.875 with no points. Is there a chance it will go down in a few months?

How do I get a home improvement loan for my fixer upper?

I bought a home in Jersey for cash. It’s a good deal but it’s quite the fixer upper since no one lived in it for a long time. Mold remediation could be an issue. What are my options for a home impro...

I'm graduating soon and I plan to buy a property. Should I start talking...

I am a graduating student from Berkeley, CA and I am excited to buy my first property a year from now. Is this the right time to talk to a lender? I won’t be financially ready for another year but I w...

Need advice as I invest in a rental business

Hi, I live in Orlando, FL and I plan to invest in a turn key rental business. I bought my primary home through the VA. The property is a single unit home on a 5 acre lot which has cabins for rent. What ...