All Forum Posts by: Indra H.

Hello, is this still available? PM me details please

@Steven Lemoin

Welcome to BP, i just PM you, check it out.

@ Ned Carey 

Thank you Ned. Yes, im going to use visio lending, they already told me it will go for the lowest amount of appraisal / purchase price

@Aseel Yerunkar

Thanks

@Aseel Yerunkar

Thank you Aseel, i loan i mentioned before is a 30 yr fixed. Im not very comfortable, yet anyway, going with a hard money lender, doing repairs and refinancing. Im more comfortable with the 30 yr fixed now rather than in few months down the road

@Aseel Yerunkar

Forgot to mention visio lending is offering 7.75% for a 30 year fixed. That is based on 110k purchase price and 20% down.

@greg scott

Yes, i was thinking of that im just afraid not being able to find financing later and then get stock, so getting the 30 year fixed from the begining sounds more appealing. I guess if i dont find other way i would have to consider that.

@Aseel Yerunkar

Roof needs to get done soon, some paint and power wash in the outside is all it needs. For the commercial loans i have they have asked for tax returns etc, im a business owner and with all the deductions and other mortgages my debt to income is out of wack, however i have an excellent credit hx and the 20% down plus 6 months reserves.

I was hoping if not getting the loan done for the 150k, then at least for 65 or so LTV to get better interest.

Hello folks,

So this will be my first time using non conventional loan. I have a house under contract, house is valued at 150k but i was able to get it under contract at 109k. Now, my initial thought was to do 20% down of the 109k and finance the other $87,200, my question is if i could do the numbers for the appraised value instead, 150k price and take a loan for the 112,500k which will be the 75% of purchase price and hopefully only pay for closing costs. I understand this might super simple for some, but ive always used the conventional way, which is no longer a possibility. Im looking for a fixed 30 year. Any thoughts? Thank you

Thank you @Anna Sagatelova, MA doesnt require any licensing. Although i am a licensed real estate agent, im sure i could learn more details about the profession. Thank you for that resource.

Thank you @Mike McCarthy, yes i agree, that is why im willing to take a class that will give me the details in doing it right. Hard work, honesty and fairness are already in place 😎