Renovating my home and need cash

A few years ago I purchased a home with owner financing in Florida. Now that my home is almost paid off I want to get some cash from it to do some much needed renovations. Do I refinance or choose a cre...

Vet applying for a VA loan

I am a veteran planning to apply for a VA loan. I have a middle score of 560 and I plan to buy a home in Wisconsin. Are there lenders who would work with me even with low credit scores? I am willing to ...

Bank or Private lender?

There’s a duplex I want to purchase and turn into a rental property. There is a great demand for rentals in our neighborhood and I want to get into the game. Who has better rates and fees for investme...

Seller wants cash only

I’m new to real estate investing and I'm eyeing a property in Tampa. The seller wants cash only which I can’t afford right now. Is hard money lending an option? What do I watch out for to protect my...

What documents to submit for SFH vs Multi Unit?

What documents should I prepare when applying for a conventional loan for a single family rental compared to a multi unit investment property of 5 units or more? Do lenders ask the same data for both?

Working 4 years but with different employers and I am want to apply for ...

Hi, I’ve been working part time since 2018 and I’m graduating this fall of 2022. I have a full time job waiting but I’m thinking about enrolling for a masters degree. Will I be able to qualify for...

Getting my property ready for appraisal

I own a property that we’re renovating before we put it out on the market. It has an inground pool that we are concerned with due to potential liability and maintenance issues. Do we fill it prior to...

Is rental income counted when applying for a loan?

I am looking at an FHA loan for a multi unit property in a hot location. Will the potential rental income be counted when applying for a loan? I live in Georgia and I still have to figure out the vacanc...

Lender is asking for me to sign a 4506c, 10 days after the loan has alre...

Do we need to boost our scores to qualify?

Our lender is saying that we need to boost our credit scores to qualify for a loan at $250k. Our income is not a problem and we don’t know what the issue is. My score is 630. We just sold our home and...

Trying to get a loan with low credit scores, what are our options?

We just sold our house recently and we want to buy a new retirement home. My husband is retired in the army with consistent income while I just got a new job. We both have poor credit but we have money ...

Working part time for 2 years, do I qualify for a loan?

Hi, I’m graduating this year and I have started working with a stable employer. I’ve been working for the past 2 years but were just part time gigs to help pay the bills. I plan to buy my first dupl...

Is there a seasoning period on a bankruptcy?

I live in Missouri and got discharged from chapter 13 last month. My family owns 5 acres of land and we want to apply for an FHA loan for construction. Is there a seasoning period on the bankruptcy or w...

Are FHA and VA loans better than conventional loans?

What are some of the lowest scores you’ve had and been approved to buy a home? What was the down payment required? I want to know what I can expect with scores in the low 500s. I’ve heard about FHA ...

Are application fees charged upfront?

Hi, this is my first time applying for a loan and I was wondering why an application fee is being charged upfront? The fee is $395 and non-refundable if we don’t close. It gets credited after closing ...