Is a cash out refinance the best option?
This is my first time selling a home and I am not familiar with the process. I own a condo in the SF Bay area and plan to move to the Oregon Coast. I owe $215k on the condo and estimate its value to be ...
Put an offer on a home across state and I now have problems due to my re...
A few weeks ago, my manager said that we can choose to start working from home. I took advantage of this chance to move across state. I found a nice home and put in an offer that was accepted. My lender...
Offering cash then applying for a loan
Is it ok to offer cash to buy a home then once the offer is accepted get a loan from a lender? Is this legal? Seller would get cash upon closing either way but the question is would the loan be approved...
How do I fund my AirBnB?
I have an AirBnB log cabin in Michigan and it has done better than I expected. The location is excellent for whole year round activities with rivers and lakes nearby, a national forest and small local s...
How do I know what rate I'm getting?
My husband and I just secured our first pre approved loan for such a large amount. Our lender says that he can’t give us an interest rate until they know the property we’re buying and what condition...
Are hard money loans ok?
A real estate rehab project is in the works and I need funding ASAP as I have a property under contract with earnest money on the line with a closing date at the end of the month. The purchase price is ...
Can I finance two homes at once?
Is it possible to finance homes in a bundle? I had planned on buying one home for $140k but I have found a property selling multiple low priced homes with tenants in place and would like to buy both. Is...
How can I pull out equity from an investment property?
Any option on how to pull out equity out of an investment property? The rental is tenant occupied and the rate is 3.375%. Cash out refinance is out of the question since I have a great rate. The majorit...
What is the best financing option in my situation?
I have come across an amazing property in an excellent location but I’m having trouble with financing. It has 3 rundown houses with 2 bedrooms and 1 bath each unit. The price is set at $350k and after...
Are my scores enough to get a loan?
Is there a lender who would accept credit scores of 617, 558, 558? I have 8 negatives on 10 hard inquiries with 6 solid positives.
Property not meeting minimum requirements for a refi
I’m having a hard time refinancing since my single family unit is under $100k. The majority of banks all have minimums of $125k. I’m investing in a location that rents well but the values are not me...
If I get an FHA loan and my dad as the Co-buyer. Will it work If I don't...
I am a college student and the house we are trying to buy if a little ways away from my school. I am planning to buy it with FHA with my dad as a co-buyer. Is it possible to still live in the town where...
Can a self employed individual qualify for a loan?
I have been self employed for 6 years and last year I made 60k 1099 from a nail salon. Can I qualify for a loan with the $60k alone?
Applied for a reverse mortgage but got denied because the borrower was n...
I just got denied for a reverse mortgage because the borrower was not on the title. The home is owner occupied and I have lived here all my life. I want to remove my parents from the loan, is buying out...
Loan denied due to property being too large
I got approval for an FHA loan with property value at $2.3M. The loan was for $650k and the property is 32 acres. On final clearing the loan was denied since the property is too large for both an FHA an...
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