Refinancing without seasoning period?
I have just acquired a new rental property 3 months ago and I need to refinance after finishing rehabilitation. Is there a way to get this done and do away with the 6 month seasoning time required? Any ...
How to get a higher loan amount?
I am an educator by profession and I also have a 1099 income from a rental property in Boulder, Colorado. I have student loans at $400 a month and my credit scores are in the low 600s. I applied for a m...
Do private lenders give better rates?
I am finally buying my first home this year and I would like to know where to source the best deal on getting a loan. A major bank in our area in Houston, TX is offering 3.125% for a 30 year term loan. ...
Do I qualify for a home loan?
Hi everyone! I was wondering if I can qualify for a loan on a home that’s worth $450k. My credit scores are Fico 682, Experian 677 and Equifax 676. I have the following debts currently: Car loan - $9,...
Is it cheaper to refinance?
We bought a home 2 years ago on a VA loan. The interest rate is 3.75% with a 30 year term. The rates are around 3% now and I would like to know if it is a good time to refinance? I don’t know how much...
Is this a good deal or not?
My loan is currently with a lender at 3.625%. I got an email offering a refinance at 2.99% at $1.15M. Our home is worth between $1.5 to $1.6M and our income is at $515k. Credit scores are good and we ha...
Is refinancing better in my case?
My wife and I are self employed and have reached out to a lender to help us. We both have good credit at 700 plus so our agent informed us that we can possibly put down as low as 10% down. The interest ...
Short on buying a new home
I made an offer for a home worth $70k and it got accepted. I estimate rehab to be around $20k and ARV at $150k. I have a deal with a wholesaler and already sent earnest money as a deposit. The problem i...
Help with financing my real estate purchases
I own a rental property which is currently under a VA loan and I would like to refinance to a conventional loan to free up my VA loan to purchase my primary home. The property has around $200k in equity...
How do appraisers determine home value?
Hello everyone! I need help on how an appraiser adjusts home value. Is there a rule of thumb that they use to add or subtract value based on number of rooms? How many bathrooms? Do you have a fireplace?...
Question about credit scores
How can I determine the accuracy of my FICO score? My middle score is 679 with Equifax and I was informed that the cut off is 680. I have one credit card that is almost maxed out while all other revolvi...
How do I avoid credit pulls?
I’ve been busy with various businesses which consistently need my credit papers being pulled. Business has been booming and the consequence is getting my papers pulled almost weekly. I own several com...
Mortgage for College Tuition
I have lived in our home for the past 10 years and I’m seriously considering getting a mortgage to finance my son’s college education. Do I apply for a HELOC or cash out refinance?
Closing a loan for a new construction home
I just signed a contract to buy a new construction home in NJ. We are 6 to 8 weeks from closing so I asked my lender what rates are and what it would cost for a rate lock. He gave 2.625% on a 30 year fi...
Condo in escrow
I have an investment condo in escrow and I’m stuck at what to do next. The buyer applied for an FHA loan but didn’t qualify because of HOA not meeting FHA requirements based on reserve requirements ...
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