No W2 applying for refinance
I have negotiated with several banks and they won’t cash out refinance a duplex I bought in my name and have owned for 7 years since I don’t have a W2 job since I got laid off due to the pandemic. T...
Investment condo in escrow
I have an investment condo in escrow located in Houston TX. The buyer was applying for an FHA loan but did not qualify because of HOA not meeting the FHA requirements regarding insurance. Any thoughts?
Condo that's not FHA certified
Real estate investor here asking if a cash out refinance for a rental condo is more complicated than a cash out refinance for a rental house? What if the condo association is not FHA certified? I don’...
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...
Sell before purchasing a new property?
My family and I are renting in Naperville IL. We plan to buy a new home here but we’re not sure if we qualify. Our budget is for a 450k to 500k home and we can put down at least 10%. Credit scores fro...
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 ...
Newbie in REI
I am into real estate investing and I plan on a cash out refinance for a rental condo. I want to know if the condo association is not FHA certified? I am concerned that I may lose a good deal on a renta...
Need help with our situation
We have a home under my parents’ name as parties of the first part(Grantors) and my parents’ name plus my name as parties of the second part(Grantees). We got the first loan under my parents’ name...
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