All Forum Posts by: Graham Parham
Graham Parham has started 2 posts and replied 47 times.
Post: I have half a million in cash - what are my options?

- Lender
- Dallas, TX
- Posts 68
- Votes 22
@Steve Matthews My bank offers a Debt Service Program, very similar to the old NINA program which is no income and no asset.
Post: Refinance Conventional Mortgages to Commercial Mortgage

- Lender
- Dallas, TX
- Posts 68
- Votes 22
@Ross Drucker I concur what @Chris replied. FNMA has increased guidelines to support up to 10 properties. I blogged about that last week. Most individuals believe it's capped at 4. Also, they have increased the tolerance for risk to allow 20% up to 6 loans and 7-10 requiring 25% down. This is an investor's dream come true !!
Welcome to BiggerPockets. I welcome any questions and/or discussions.
Welcome to BiggerPockets. I welcome any questions you may have.
Welcome to BiggerPockets! I welcome any questions about the Florida market.
Welcome to BiggerPockets. This is a great site.....I welcome any questions.
Welcome to BiggerPockets! I welcome questions and/or discussions.
Welcome to BiggerPockets. Let me know if you have any questions about the Florida market.
Post: FMNA Rapid Acquisition rules

- Lender
- Dallas, TX
- Posts 68
- Votes 22
Post: Need help finding with $58k Refi on rental

- Lender
- Dallas, TX
- Posts 68
- Votes 22
You are correct. Most lenders and most loan officers don't want to mess with loans less than $100,000. With all the refinancing going on these days they would rather pick and choose the low-hanging fruit alone out there a lot higher so they can better spend their time on making money what's larger loan amounts . We have to be able to find a loan officer that specializes investment properties which are typically below $100,000.
If you have no more than six loans in your portfolio, then you should be able to do a cash-out refinance up to 75% loan to value. The key is working with lenders that are doing business in your Market that has the appraisal staff that understands the product and maximize this year value