All Forum Posts by: Fred Shatzoff

These programs are now available again. Max ltv is 75% provided it meets dsr requirements and credit scores. These loans are strictly for llcs. 

Lenders can still do a 30 year. 

The lender will allow a new llc. You need a 660 credit score and above. Max ltv is usually max of 75%.

Lenders are starting to lend again to LLC's again. Most now have a six month seasoning before you can us current value. The max ltv i 75%.

Buy another property. Every thing is based on numbers.  If it does not appraise deal is dead.

I am not sure where you are getting that information about a jumbo loan.  But it is not correct.  A mortgage has terms whether it is 30 year, 15 year , 20 year.  It can also be an adjustable rate that my stay fixed for 5 years, 7 years and then adjusts after that.  It is very rare that a loan has a balloon payment which means that the mortgage is due in the time frame.

Why would the lender contact you?  They only contact you if don't make payments or they are foreclosing.  Yes you might get a solicitation about refinancing.  You have to contact lender to refinance.  What is your purpose for asking these questions?

Without more details it is hard to say. You are not getting that rate on fix and flip loan

Nobody is giving 4% on hard money. More like 10% to 13% always points 3 to 4. Only fee prior to closing is appraisal paid to appraiser.  Other fees at closing.  If it sounds to good to be true it usually is. 

That's where rates are nowm