Updated over 14 years ago on . Most recent reply
flipping questions.
I saw on some of your post that you have flipped the property with conventional financing. i have several questions, I much appreciate if you could help.
1) How to get the hazard insurance when I applying for conventional mortgage? I closed the escrow used a rental policy for 30 years fixed. Now the agent calling me if I have the tenants yet. If i told them it was for flip, will my bank take the mortgage back? or demand me to pay off right away?
2) I got some credit toward closing with this lender, roughly $4k. if i sold the property in 4 months, will I have any issues?
3) what vacancy insurance to use in this case if I have to?