All Forum Posts by: Michael Dunn

Russell Brazil ,

does the 5% down on a Conventional ........ Would I be able to get financing for any Repairs with this type of loan ( 5% down ) ?

Thanks so much 

David Faulkner , 

Thank you for the great advice

What Lenders specifically offer 5% down on a Conventional Loan ?

I am assuming this is a different program than FHA loan ?

And with the 5% down on a a Conventional Loan...... is there a way to get financing for the Repairs as well ?

Thank you so much 

Great information ,thank you both 

Thank you Jassem , 

I am likely going to just stick with doing a Cash-Out refi. , but was just curious  :) 

Just a quick question please, 

Can you do a HELOC on one of your Investment Properties ?

And if so ...... What ( if any ) things are different with doing a HELOC on an Investment Property vs doing on an your Primary Residence ?

Thanks so much 

Can you roll the Closing Costs into the Loan , when Purchasing an Investment Property ? 

I guess this would depend if the Seller is willing to do so ? Or is it at the discretion of the Lender ?

Thanks much 

Thank you Chris Mason ,

yes sir, I've read about Delayed Financing .......... It looks like in my scenario, that I won't be able to Refinance it any sooner than the 6 month mark 

I got mine in 2016 

So it looks like I'll have the PMI for the Entire loan ( unless of course I Refi. out of the FHA loan )

Hi Chris Mason , 

Thank you for your reply 

Yeah, I would be using a Portfolio based Lender for the Purchase of the Property ...... so 6-months ( Minimum ) ?

And do some Lenders have No Seasoning Period....... meaning is the Seasoning Period based on the Individual Lenders themselves, or are there Guidelines, that they HAVE TO follow and abide by ...... 6 months minimum ?

Thank you again 

I was wondering please, 

Can you have the PMI removed from your FHA loan , SO LONG AS you have " Less Than " 80% LTV on your Primary Residence ( so a LTV of 79%, 78%, 77% , etc. ) ?

And do you have to have owned your Primary Residence for a specific number of years , before the PMI can be removed, EVEN IF you have " Less Than " 80% LTV on your Primary Residence ( so a LTV of 79%, 78%, 77% , etc. ) ?

Thanks so much for the help