Investing in student housing

I have an opportunity to invest in student housing but my lender said they can’t do refinancing. I plan to purchase a multi unit property with cash rent it out to students and refinance so I can pull ...

Buying a vacation home in Michigan

I want to ask about the smartest way to purchase a vacation home? We have no debt except a current mortgage which is a 15 year oan at 2.75%. I pay $2,050 per month. Credit score is 770 and I have around...

Should I buy my ex out from our joint mortgage?

I need advice regarding my situation with my ex. We got a joint interest mortgage 10 years ago but we split a few years after. We decided that he would pay for the loan and we would consider that his su...

Got lending disclosure packet with zip code wrong

Hi everyone, I recently got the truth in the lending disclosure packet from my lender, while I was inspecting it I noticed that the zip code of the house was incorrect. I told my lender that it was wron...

Can we get a 2nd loan modification?

About a year ago my wife and I got approved for a loan modification. Our incomes recently decreased and we’re struggling with paying the mortgage. Is it possible for us to apply for a 2nd loan modifi...

My client can't get financing

Can someone help me? I sell investment properties and one of my clients who own multiple houses can’t get financing, even with 20% down. The properties are SFR townhomes in Charlotte, North Carolina a...

Should I close accounts or keep them?

Someone once told me that having many open credit card accounts isn’t good, even if the credit cards’ balances are zero. Are they right? I know having more credit cards with a great history and zero...

Can I get a loan even if I work overseas?

Hi guys, I was wondering if I can get a loan with my income abroad. As you guys can see, I don’t work in the U.S.A.. If I could still get a loan even though I work abroad, what are the steps I have to...

How much house can I afford with a VA loan?

I’m a single man in my late 20’s and I make $72,000 a year. I was wondering how much house I can afford. I’m also a veteran that gets a property tax exemption. Do you guys have any clue how much h...

Hoping to avoid PMI as much as possible

Hello, I have a question about something. Do RMDs count when qualifying for a mortgage? My wife’s social security check will be $1150 monthly. I make $32,650 yearly, but that money comes from a new jo...

Shouldn't the applicant be involved and/or aware of ALL activity at LEAS...

Why am I having a hard time getting approved for a loan?

I want to know why it's so hard for me to get approved for a loan. I make around $60k a year and I have decent credit scores in the mid 700s. I do have a car payment and not so much savings. Could this ...

Lender is telling us to increase our credit scores to qualify

We are buying a nice studio apartment down town but encountered a hitch with our loan. Lender says that we need to increase our credit scores to qualify for a $250k loan. Our score is at 630 currently a...

Is a cash out refinance a good idea right now?

Hello, I need help as I plan to do a home remodel. Is a cash-out refinance a good idea given the market situation right now? I also need to pay off some high-interest debts and pay off my HELOC as well....

My family doesn't want their info released and it may cause me my loan

I got an FHA loan and had an offer accepted by a seller. I need $25k for closing and got a 5k gift from my grandma and 12k from my mom. The problem is my lender is asking for their bank statements and m...