Should I work with another broker to apply for a home loan?
Hi, I am in the process of becoming a broker. My question is, can I apply for a loan with me being a broker or do I have to work with another broker in this case? Do I need certification when applying f...
Alameda, CA - Dec 7th 2022
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Need to obtain a HELOC
I tried getting a HELOC with my primary bank but got denied. My primary home carries no mortgage and my rentals have great equity. My lender was pretty conservative and they offered a $50k line of cred...
Columbia, SC - Dec 6th 2022
This question has not yet been answered.
DTI too high
I can't seem to qualify for mortgages and HELOCS. They say that my DTI is too high. I currently have $12k in mortgages and they are all covered with rental income. I have a cash flow of about 15% due to...
Investor looking for a lender who would take on a $48k loan
Hi, I am an investor with four rental properties currently and I would like to buy a home that's listed at $60k. My question is, are there lenders who would be interested in a $48k loan? I think the min...
Will I be denied in underwriting for an $8,000 cash deposit?
My husband and I had cash saved from our wedding gifts last year and when we signed our contract for a house, we deposited $8,000 cash in our account to go towards the escrow payment. I never thought an...
I am looking at home equity loans
Hi, I am currently looking at home equity loans. My second home's mortgage is paid off and I plan to buy a 3rd property and do some renovations on my primary home. I bought my primary home a year ago a...
I got denied on my application, should I try again?
I am trying to qualify for a $450k loan making $100k a year. I have credit scores of close to 700 but I have a lot of debt including cards, student loans and car payments. DTI seems to be a problem and ...
Can I buy a primary home given my situation?
I am legally married and own a home with my wife. I separated recently with my wife and I want to buy a house. Can I buy a primary home in Florida without my wife on the title? We are not legally separa...
Can we apply for a USDA to build rental homes?
We own land through an escrow company on a real estate contract with a relative. We plan to build rental homes on the land for passive income. Can we apply for a USDA worth $150k to finance the build? W...
Are there down payment assistance programs in Georgia?
I am buying my first home and I am getting a USDA loan. I need down payment assistance and was wondering what’s available here in Georgia. Is an FHA loan a better option than USDA? I prefer 0% downpay...
Can I qualify for a loan with just a year of 1099 tax return?
Can I qualify for a mortgage with only a year of a 1099 tax return? The other year we have bank statements to prove our income. My husband has 2 work trucks that are financed in our names with personal ...
Will co-signing on a lease affect mortgage application?
I will co-sign an apartment lease for my mom. I also plan to get a mortgage soon for my family. Will co-signing affect my chances of getting approved? How long after signing a lease should I apply?
Plan to buy a 3rd home
I’m considering home equity loans at the moment. My 2nd house’s mortgage is paid off and I want to buy a 3rd home while doing some remodeling on my first home. I bought my primary home last June and...
Trying to defer a mortgage payment
I’m trying to defer 1 mortgage payment while having 6 years of on-time payments. My lender is giving me a hard time with this. Should I give up or continue with my request? Are there any consequences ...
We got denied on out loan application, should we try again?
My partner and I got denied on our loan application due to DTI I suppose. We applied for a $365k home. My partner made $110k last year. We have a joint account and can put down up to $50k. Credit scores...
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