November 27, 2012 Buy a 6 unit building (1) I want to buy a 6 unit multi-family building in Michigan as rental property. I heard it has to be commercial loan. Can I get get commercial loan as individual ? I can put 20% down. I don't have landlord experience but my income will be sufficient to cover the mortgage payment. My credit score is between 760-780. Thank you
February 7, 2012 Invest Prop Refinance (1) Looking to refinance out of a hard money loan and place permanent financing on a two unit investment property in 20001 zip. Gross is a fully documented $14k per month and I have fair credit. I'm looking for LTV of at least 60%. No second mortgage on this property. Hard money loan term expires in July.
November 28, 2011 Need an FHA loan (2) Hello. I am in the process of trying to buy a house in DE. I already found a house, and am under contract. The agreed sale price is $115,000. The previous mortgage company I was dealing with screwed me, after I already put money up for inspections and attorneys. My closing date is scheduled for 12/15. I have a credit score in the […]
September 21, 2011 Streamline refi condo (2) Can I streamline refinace my non-owner occupied condo? If so, what would my rate be for a 15yr-fixed loan with 1pt? My credit scores are above 730, I have never been late on any of my payments, and the condo fee delinquency rate is less than 15%. The property is located in Howard County, MD.