This is my first time to venture into real estate investing and I need your input. I live in the San Antonio area and I want to know how much I can borrow so I can determine how much I can spend on my first property. Is it better to get a loan from a bank or a private lender? Friends have recommended that I look for an experienced loan officer to show me the ropes. I really have no idea which direction to take and would surely appreciate some good advice. Thanks so much. by jsnover700 from Alexander City, Alabama. Dec 3rd 2021
Without doing a full application, there is no way to be accurate. Contact a local mortgage broker in your area. In the meantime, a cheating quick idea is a maximum loan of about 4.5 times your yearly income. I lend in MN WI IA ND SD. Find me at WI-MortgageBroker.com / Cambria Mortgage NMLS 274132
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