HomeStyle Renovation Loan:
Sunday, July 23
Product Overview Combines home purchase or refinance (limited cash out) with home improvement financing in one loan with one closingProvides a convenient way for borrowers to make renovations, repairs, or improvements totaling up to 75% of the "as-completed" appraised value of the property with a...
FHA / Conforming / High Balance / Jumbo - Major Differences
Sunday, February 05
There are many differences with all of these mortgage products, but I just wanted to point out some of the major differences, that I get a lot of questions on. FHA Financing owner occupied only! Up to 4 units. 96.5% LTV on up to 4 unitsOnly allow a max of 4 properties, with a total of 7 units, in...
Real Estate Agents! BP Can Drastically Increase Your Business!
Friday, November 18
Making BiggerPockets Work For You!1. Profile Pic, please! No one is going to take you serious as an agent without a professional profile pic!2. Fill out every section of your profile. The more information and details, the better! Here is the place to boast about your experience, what you can do f...
There Are Benefits To Second Tier Entitlement In Higher Cost Area's!
Friday, September 30
There is a great explanation below by VA, of how second tier entitlement is calculated and how purchasing a home in a higher cost area, may actually benefit you if you can find the right priced home. The calculations are done based on the maximum county loan limit, so increasing the county loan ...
Why Financing With An FHA Mortgage Doesn't Always Work!
Tuesday, August 16
FHA is a great product when you are able to use it......There is a lot of criteria that must be met with FHA that many investors are not aware of.........Many times, investors find this criteria out the hard way, when the loan is denied. FHA Financing Allows A Maximum of 4 Financed Properties To...
Common Misconceptions With Conventional Investor Financing.
Wednesday, July 27
Common Misconceptions with Conventional Investor Financing .......... in the real estate world ...... And the Truths!Misconception; Small banks and local lenders are always the best route to go.Truth; This isn't always the case. Many times these are portfolio lenders and they work well when a pro...