My family fell in love with a mobile home across town that is listed for sale at $90k with $500 a month lot rent. We have around $50k saved and we would love to buy the home and turn it into a rental. W...
For my $495K refi, my lender changed the points from $1,300 that was in the rate I LOCKED, to $6,000. They said that it's because I estimated my home value at $1.3M and the appraisal came in at $1.25M...
I signed a purchase contract a few months ago to buy a new construction single family home. The house was delayed in construction and many things have happened since then. We had a newborn in the family...
Hi, I want to ask about a good average percentage for closing costs on a commercial loan? I am paying more than 3 to 6% which seems pretty high for me.
Is anyone familiar with requirements for conventional loans with a 5% down? I know lenders can offer different rules and I want to get a general idea of how this works. I have an FHA loan for a duplex w...
Any pointers on how to choose lenders? I’ve been talking with a local lender and we’ve had a pretty good back and forth convo on a home loan. If other lenders would only offer similar products, I am...
I just graduated from college and I plan to buy my first home. I came across a qualification for a loan approval which states that you need two years worth of tax returns. I do have a job but only for t...
I am trying to figure out if it’s possible to use HELOC on one of my investment properties. What are the qualification requirements? What interest rates can I expect?
My family has grown bigger in the past few years and we need to look for a larger home. The good news is we fall smack into the income eligibility range for our family size. I am looking at a modular ho...
My credit score is around 710 and I want to make another home purchase using an FHA loan. How long do I need to wait after an FHA short sale to apply?
Our property is 35 years old with an old cement septic tank buried 3 feet under which has no modern clean out system. We have an idea exactly where it is but we haven’t encountered any problems in the...
We were interviewed by a real estate builder regarding a housing program that they recently launched for first time home buyers. My wife and I had no idea that we would have to pay $50k for a down payme...
I have worked in sales for the past decade with no gaps in income but no employment. I am more stable than someone who bounces from job to job every 6 months yet I can’t get a loan since I changed job...
My wife and I are considering applying for a HELOC but are wary if it is worth the time since the pandemic hit. I am with good standing with my credit with decent scores in the 700s. I have been working...
Ask our community a question.