Lenders & Mortgage Brokers Forum | BiggerPockets
Jan 30, 2015 · Real Estate News & Current Events ... Private Lending & Conventional Mortgage Advice. Insurance Tax ...
Real Estate News & Current Events Forum - BiggerPockets
Nov 19, 2024 · The BiggerPockets Forums are the most active & comprehensive place for investors to find questions & answers or real estate discussions.
Getting a second mortgage on an assumable loan to cover
Dec 13, 2024 · However, The seller has a high equity build up into the property of about 300k. So if we were to assume the loan, we need to take a second mortgage to cover the equity portion of the loan. I am trying to find lenders who can do this as not all lenders are willing to do a second mortgage. if anyone has successfully obtained a second mortgage.
How To Get A Mortgage As A Low-Income Borrower - BiggerPockets
Mar 27, 2023 · A VA mortgage is an excellent option if you or a family member are veterans or on active duty. The loans provide an affordable alternative to buying a home with low monthly mortgage payments. USDA mortgages. The United States Department of Agriculture (USDA) has loan assistance programs for families living in rural and some suburban areas.
Second Mortgage: What It Is & How It Works - BiggerPockets
Aug 27, 2023 · Piggyback loans, also known as 80-10-10 or 80-15-5 loans, involve taking out a second mortgage alongside your primary mortgage, allowing you to avoid paying private mortgage insurance (PMI). The primary mortgage covers most of the property’s purchase price (typically 80%), while the second mortgage covers a smaller portion (e.g., 10% or 15%).
Real Estate Investing Forums, Tips & Advice | BiggerPockets
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Buying defaulted mortgage notes directly from banks
Dec 17, 2024 · By purchasing the note to the property you basically become the bank. You buy the right to collect the remaining amount left on the defaulted mortgage. Once you have the mortgage note you have a few options to move forward. You as the mortgage note owner could continue on with the foreclosure, get a 'Deed in Lieu of Foreclosure' or modify the loan.
Fixed vs "first responder" Adjustable rate mortgage. - BiggerPockets
Dec 9, 2024 · No Private Mortgage Insurance; Occupancy – Primary residences; Minimum Credit Score - 700; DTI – Max 43% (UW/Mgmt exceptions up to 50% with minimum 3 documented compensating factors) Student Loans – If in deferment, no qualifying payment required; Down payment of 1% must be borrower’s own funds, while closing costs and prepaids may be ...
Join Over 3 Million Real Estate Investors - BiggerPockets
Dec 18, 2024 · “DSCR Loans are mortgage loans secured by residential real estate turnkey properties strictly used for a business purpose and underwritten primarily based on the property.” 👀📺Watch the rest of the video to find out all the basics of …
HUGE MORTGAGE FRAUD RING - Atlanta 2023-2024
Nov 22, 2024 · -Jeff Deville - Lender Broker with Will Platt and Bryon Ellis (definitely aware, I have directly informed him of the fraud these guys are/have committed yet he still continues to work with them to push loans through, so unsure of his actual role or knowledge or the lack there of with the rest of this mortgage fraud group)-More names coming...