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All Forum Posts by: Emanuele Mayer

Emanuele Mayer has started 0 posts and replied 35 times.

Hello we can get an exception for this issue, let's connect.

Post: Best way to Cash out with high DTI?

Emanuele MayerPosted
  • Lender
  • Posts 40
  • Votes 6

I think DSCR is a great option, lets chat!

Quote from @Geremy Rosenberg:
Quote from @Michael Smythe:

@Geremy Rosenberg what's your agent's advice?

Hopefully, they know what they are doing and advise you to kill the deal, but continue to negotiate.

This can be done with a simple counter-offer asking for more Due Diligence time.

 Thanks @Michael Smythe.  Agent has helped and I requested 3 day extension, so would take me to Friday.  Waiting on seller confirmation to sign that (crucial part I expect hah)

Some good news, got the inspector back to finish the job, and contractors for plumbing, HVAC and framing to come in today and I am waiting to hear back what sort of work needs to be done. 

Again I am still curious as to whether I ask for lower purchase price or get an addendum stating the seller will pay for the plumbing issues and the 2% seller concession which I was told was the max i could get so $3800 to other repairs needed.  

Awaiting a few things today and will have a better sense of how to proceed.

Thanks @Dan Thomas and @Emanuele Mayer for your addl. thoughts.


 You are welcome

You would have to look at number using local college group, if you need a DSCR loan let me know i can help with that to and i can use projected income from the short term rental to qualify you.

Hello Micheal i can do a HElOC on investment property lets chat!

1% rate improve is a good reason to refinance and lower your monthly

Hello Anna, you can do the DSCR under your name and we can do 85% LTV, lets chat!

Hello Sir! Honestly I would choose a mortgage broker and let me explain you why.

When you go to a bank or credit union the loan offer works for that institution and will offer you the rate they company offer, instead if you work with mortgage broker we have the ability to shop with over 100 and more institutions and shop for the best rates available, fast closing and customizable solutions, text me so i can give you my rates base on your credit score.

Yes Sir is a good idea specially if you live in a New Jersey where home price are so high and its super hard to get cashflow. Honestly i would try Florida or Georgia, those states you cna get a great growth and cashflow using a DSCR loan you would not even need to show income to purchase the property. Message me so we can discuss more about it!