SBA loan qualifications

Hi everyone! Does anyone have experience with SBA loan qualifications? I am looking for a $2M loan for my next purchase. I am not familiar with what lenders look for and I need to know how much down pay...

I want to liquidate my Fannie Mae account of 35 years will there be pena...

Denied consideration of income due to family business

I am working to get pre approval for a loan, and wanting to consider both my income and my wife's income. We are moving to another state and her new job is for a business owned by her family. She has no...

Are there lenders who can offer 15% or better down?

I am looking for lenders that offer better than a 15% to 20% down payment for a conventional loan on two rental properties in the Atlanta area. I currently deal with a preferred lender who offers $2k to...

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 ...

Which lender to pick?

I am currently dealing with an online mortgage lender and my builder’s lender. The builder is charging for 2 months prepaid taxes while the online lender is giving 12 months in escrow. The online lend...

Credit score problems

My mid score is 686 and I plan to go for pre approval since it will be 4 years since I had a bankruptcy. I now qualify for an FHA but I am studying conventional loans to see what offers are out there. T...

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...

Refinance options?

I bought a home that I used to rent for P80k in cash. I’ve done a lot of work in it and had it appraised at $180k. I plan to do a cash out refinance but lenders require that you own the house for 6 mo...

Mortgage for disabled housewife

I am a disabled housewife in my 50s and I want to buy a home with my son but my credit is not that good. What can I do before we start looking for a home while I’m working on my credit?

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. ...

Is paying in cash the only way to close a deal?

I live in the SF Bay area and I’ve heard that if you don’t have “all cash” then you’ll likely won’t make it in the housing market, is this true? There are horror stories about a home being o...

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...