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...
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...
What are the pitfalls I should avoid when refinancing?
My dad qualifies for a VA loan and is excited to enter the REI arena. We want to know what the process would look like when refinancing a VA loan. We plan to buy a property with a VA loan, refinance it...
Can I use hard money to cover a down payment?
Newbie here and I want to ask if it is a good idea to use a hard money lender for an investment property? I want to buy a condo in a beach town but lack the funds to cover the down payment. Can I use a ...
FHA room rental
I bought a house FHA, understand I have to live in it the first year, will rent out the room to long term airb&b ( 30 days plus) furnish room. Was going to do short term but realize they require long te...
Self employed and trying to invest in real estate
I have been self-employed for 8 months now and I’m having a hard time qualifying for a loan on an investment property. I have saved up for the down payment and I am excited to invest in Michigan since...
Is there a chance for me to get a loan?
First time to buy a home and I was referred to a lender. I want to apply for a 0% down with credit score 780 and income of $90k yearly. I have a car payment of $400 monthly and that’s it. A realtor ho...
What is the basis for loan qualification?
I am moving to Florida from NY. I worked for 2 years on the same job but will be looking for a new one. What will be the basis for me to qualify for a loan? Will it be my new job or the previous one whe...
What are my chances of getting a loan after a divorce?
My wife and I agreed to get a divorce but we are both on a mortgage at present. I want to buy a condo or townhome while she stays in our current home. I just paid off both our cars, without any debt and...
Got denied on my refinance a couple of times how do I know if I am not b...
Looking for a cash out refi for home property improvement here in Texas. Estimated home value is $420k and we currently owe $35k on the loan at 6% interest. Income is $8k a month with credit scores at 6...
Need funding for additional investment properties
We need info on mortgage cash out refi since we are interested in buying more AirBnB properties. We plan to leverage equity in one of our properties which is also our primary home. We have 4.25 years le...
We got an irresistible offer from my mother in law
My mother in law has been offering her house to my husband at a very huge discount. This is where my husband grew up and is worth 3 to 5 times the price that we are getting at $50k. Estimates are in the...
commission pay.? Mortgage?
in June 2020 my husband started a commission based pay he left Feb.2021 to a start up that lasted until end of Apirl 2021. He then went back to his old commission job and is current there since May 2021...
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