All Forum Posts by: Hernan Campuzano

@Jenny Lowe

I would house hack a 3-4 unit property with a zero percent down VA loan. With a seller credit and possible lender credit you could get on

With minimal out of pocket.

@Anil Bajnath

Hi Anil rates are pretty low still I would probably suggest a fixed rate over a line of credit that variable off of prime. When you get a mortgage you are also paying principal and interest so it will Help you pay off loan more efficiently. Let me know if you have any questions.

@Michal Kolenda

That rate does seem pretty low. I wouldn’t pay any points on a Irrl and get the lowest possible rate without fees. I can certainly look at an le for you to make sure everything looks good.

Wei,  I am a mortgage broker in chicago and there is s huge difference between brokers vs lenders vs banks.  I would try to find a broker in your state and your rate Would be significantly lower. Even within brokers there can be a difference so make sure you do your due diligence.  If you want a referral for my area let me know 

Samuel Carmichael yes you can do an fha with 3.5% down. You could use a percentage of the rental units to qualify as well. Message me if your interested in talking.

It depends on your rate and term on both properties. 5% also sounds like a pretty high rate considering what current rates are.

Kyle R Mushlit I would definitely look into using your Va benefits to buy your first property as you could get into a 4 unit building with zero down. Call me if you have any questions or if you would like more details.

I'm in the mortgage industry and know from experience that banks generally have higher rates and higher fees in relation to a correspondent lender. I also know that there underwriting is a longer process with more overlays involved. I'm bias for sure but would definitely go with a broker/lender over big bank. Call me if you have any questions at all.

I agree with rest of panel 100%. Close it under your name with 3.5% down and insure it on personal lines product for insurance purposes and you will get best rates in each. Call me if you would like to discuss other mortgage options as well.

Can you get a co-borrower?