All Forum Posts by: Julia Boiniceanu

@Laura C.

Laura, can you have a co-signer? That would give you the option of a conventional mortgage. If you buy the house cash and you think of refinancing and taking cash out the refinancing if you would, it’s still a mortgage and if you are unemployed you will not qualify and you will run in the same problem.

@Chris Tsun

I work for Bridgeview Mortgage Corp and we do have a program for foreign investors it's 65% LTV rates are in the 4s. You'll need 12 months of bank statements, basically proof of income from your country.

@Orlando Ortiz

Hi, as you can see it depends on the scenario. I work for a private mortgage lender and this is how it goes:

Your credit counts

Your DTI debt to income ratio counts

Primary/secondary/investment (type of property in that order)

Single fam/ condo/ duplex / multi fam ( in that order)

Take all that and it will determine your rate; now decide if you want a 15-30 yr refi and that will change your rate again.

@TRAVIS MOSS I might be able to help. I work for Bridgeview Mortgage Corp and we have some programs that might help you out. Feel free to contact me

@Chris Klingemann they look at your last 2 years of employment and some do take in consideration the loss of income due to COVID-19 but even so it will affect your purchase power a bit. I work for a private lender, Bridgeview Mortgage Corp and if I can help feel free to reach out.

@Alexis York you can use private money, it’s going to be a higher rate and refinance after when you show more income on taxes.