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...
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...
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...
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...
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...
Questions about our FHA loan
We currently have an FHA but had to go on forbearance due to the pandemic. Lender has offered us a loan modification and an FHA HUD partial claim for past due amounts. We have made renovations for the h...
Is there a way to get a mortgage faster?
I really want to move out of my current apartment. I was married previously and had a house in my name under my VA benefits. I married my ex and she moved in. We divorced and let her keep the house in m...
I don't know why I got denied with my refinance?
Hi everyone, I just got rejected for a refinance because the borrower was not on the title. Son is removing parents from a reverse mortgage. Its owner occupied and the son has lived there all his life. ...
Want to do a HELOC and I want to know how much we can get
We bought our home for $200k and our mortgage currently has $137k. House value is between $250 to $280k. How much can we get in this situation? I plan to do a HELOC. Will it work in this case? Do you ne...
Owner has conditions on a 5 unit home purchase
I came across a 5 unit home with an asking price of $900k which is a good deal in the area we live in. The owner wants to do a 1031 and my current lender can help me out but they require a 25% down. Is ...
What are the distance requirements when buying multiple second homes?
My wife and I have a second home loan in another state. Does anyone know how far a vacation home needs to be from other vacation home properties? I’ve heard that there are distance requirements when g...
New to REI and looking for funding
I am excited to enter the REI arena and I plan to get funding from private money lenders. What are the requirements in this case? Are they the same as a bank loan?
Should we refinance to buy a new home?
We own a primary home that we plan to keep and rent out. Do we need to refinance if we bought a new home? Should we buy our 2nd home as an investor first and then refinance it to primary? We live in Ge...
I need funds for 2 rental units
I presently own two rental properties without mortgage and have an existing tenant in one of them. I have a new construction in the works while the two rentals are in need of repairs. What can I do to l...
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