Newbie in REI
I am into real estate investing and I plan on a cash out refinance for a rental condo. I want to know if the condo association is not FHA certified? I am concerned that I may lose a good deal on a renta...
Buying a house after changing careers
We live in Virginia and have been staying in our home for 3 years now. This is our first home and I recall that when we got the loan the lender was concerned with our income and job history. I recently ...
Fixed vs ARMs
This is my first time buying a home and I want to know the qualifications for fixed rate mortgages versus ARMs. Are interest rates higher for FRMs? Is it true that more income is needed to qualify for t...
Buying a fixer upper
My wife and I have fallen in love with a property in a town we want and on a nice piece of land. It’s a fixer upper since it was owned by a woman who lived there for 10 years and wasn’t able to main...
Mortgage loan no credit 30%
Looking for a mortgage on a 25-60000 home. No credit. No job. I can put 30-50% down
Should I accept offer?
I recently placed an offer on a duplex to house hack and I plan to use an FHA loan to get things done. The owner has given a counter offer and I’m inclined to accept but a complication came up as my l...
Do lenders consider rental income in your DTI?
I am purchasing an investment property that will be rented out. I am applying for a Freddie Mac backed mortgage and I want to know if the lender calculates the expected rental income into your DTI ratio...
Is there a way to lower title insurance?
Hi everyone, I am closing a mortgage and I have a question about title insurance. The contract specified that the seller agreed to buy owner’s title insurance. The title company said that the policy w...
Broker fees too high?
I am applying for a $380K loan for a condo unit that I fell in love with after viewing the model unit recently. Closing costs run up to $5k and in a separate form it says the broker will receive a compe...
Is it a good idea to refinance?
We want to invest in AirBnB properties and we want to use equity in our primary residence for a mortgage cash out refinance. We have 4.25 years left on a 15 year loan at 2.75% interest with $140k remain...
Jumbo loan in Boulder
I work as a firefighter in Boulder and it’s common for us to have “side jobs” given our erratic schedule. I am a newbie real estate investor who plans to invest in multi-unit properties to start. ...
Cash out refinance for home improvement
We own a beautiful rustic home that we plan to live in until we retire. Living in Florida is all worth it but we are looking at a pretty expensive remodel to build the retirement home of our dreams. We ...
20% dp for multi unit homes?
My business partners and I are looking at some investment properties in the DC area. We plan to buy a 4 unit residential apartment to rent out. We’d like to know what the current down payment requirem...
What loan to get with salary of $120k?
There’s a property in our neighborhood that an elderly couple offered to me at a very low price. They are moving to another state to be closer to their grandkids. The home was appraised at $150,000 an...
Newbie buyer with 100k down payment
Newbie buyer here applying for a $200k mortgage for a $350k property with $100k on hand for a down payment. I have a car loan at $350 a month that has a few months left to fully pay. I tried an online c...
Ask our community a question.
Get an answer
Related Questions
