All Forum Posts by: Harjeet Bhatti

@Ryan Cleary You can purchase 1 unit with 15% down payment but has to pay PMI.

@ Roberts Williams Start with your own bank where you do banking. Banks have their own guidelines for secured and unsecured products. Some time they have promotion and they change their requirement according to promotions.

@Varun Vemulapalli STR has different set of guidelines to count the rental income in traditional lending. But long term rentals should be consider as income even though these are new properties.

@Alex Hohenstein TN visa is acceptable visa type to obtain mortgages. They have same option for down payment as long as they meet the guidelines. 

@ Eileen L. In traditional lending you will have two separate transaction. There are other options available to bundle up the transaction in one loan. 

@Jordan Jaramillo You can cash out 70% of appraisal value or initial purchase price whichever is lower under delayed financing exception. 

@Gary Kwitkin Most of the lenders want to come on 1st position. If its free and clear property you will find more lenders for HELOC.

@Angie Anderson Explore 7 and 10 year ARM too and compare with fix rate.

@George P George III I work for 5/3 Bank. 

@George P George III We don't have lower loan amount restriction as long property is in livable condition.