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...
My Lender wants me to refinance my loan for a mistake they made
My original loan closed on 12/09/21. My Lender reached our sometime in February that they needed my help and wanted to refinance my loan over a mistake they made. After a few concerns I agreed to help a...
Are non qm loans any good?
Are non-QM loans a good option? Do they charge higher down payment and closing costs? I’ve been trying to look for lenders but I am having a hard time finding one. I can provide more than 2 years of b...
Should I buy in cash?
I can afford to pay for a new home in cash but with the interest rates lower than usual I considered a $200k loan. Now I am looking at 5% and I am leaning towards cash. I would have little savings left ...
Getting a condo with an FHA loan and HELOC
I recently refinanced out of my FHA on my first property. I was hoping to get a 2nd condo with an FHA loan and using a HELOC from my first property, is this possible?
Having a hard time getting an FHA loan
Hi, my name is John, 25 years old and looking to purchase my first property. I am having a hard time getting approved for an FHA loan though. I work as an electrician through a staffing agency to work o...
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...
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...
Working for family business. Loan approval?
Me and my husband made an offer on a home after receiving a pre-approval for a home loan. We are in the middle of trying to close and only just now realized that if you work for a family business then i...
Applying for a loan with a Chapter 13
Looking for a lender that can work with me given my current situation. I have a 620 credit score, less than a thousand in monthly debt but I am currently in a Chapter 13 bankruptcy and have been making ...
Applying for an FHA loan but wife has poor credit
My wife and I have a joint bank account. We’re currently applying for an FHA mortgage, but I’m the only one who will be on the mortgage app because my wife’s credit is poor, and I’ll be working...
Planning to buy a house but I can't afford a down payment
I have plans on purchasing a house but the issue is, I don’t have money for the down payment. I’m fully aware that getting a loan is still possible, but the monthly payment will be higher. Is it a w...
Any suggestions on what to do with my rental when my tenant leaves? Plan...
I currently have a duplex in North New Jersey. The tenant is about to move out within the year and I’ve considered selling the property and buying a house in a more affluent town in Northern New Jerse...
Not enough down payment for a new home until current house is sold
Hi, my family plans on moving from Phoenix to Orange County. They’re in their mid-thirties and they have a high paying job. They have a house with $360-410k equity. My family has several pets which me...
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