Updated about 3 years ago on . Most recent reply
Newbie to bigger Pockets
Hi there BP Fellas just introducing my self here, I’m from St Paul Minnesota and as many here trying to get in real state. I own a Painting bussines and since I’m here I would like to throw 2 Questions.
1. Do you pay any fees when doing a cash out refinancing? Like realtor fees or any other.
2. Can you get a second house with an fha loan in you rent out your primary residence or does it has to be conventional loan?
Most Popular Reply
Heriberto,
welcome, man! You should talk to a lender about your first question, and they can cover fees with you. No realtor fees on a refi, but likely closing costs.
a person can only have one FHA loan at a time, howeve, one can re use their FHA loan, provided they sell or refinance the first. There are also other low down payment options for owner occupants.
give me a shout and we can talk more and I'm happy to connect you with lenders as well.
- Jeff Schemmel