All Forum Posts by: Smrithi Shashidhara
Smrithi Shashidhara has started 1 posts and replied 3 times.
Post: Visio lending rental loan might get reported on personal credit f
- Posts 3
- Votes 1
Quote from @Kerry Baird:
I have used Visio, and it hasn't reported on my personal credit.
Post: Visio lending rental loan might get reported on personal credit f
- Posts 3
- Votes 1
I didn't know this was required. I will check with my agent on this as well.
Quote from @Kaiser J.:
Perhaps I’m missing something but even if the lender does not report it to the credit bureaus, you will still have to disclose the loan as a line item on your personal financial statement. Wouldn’t this impact your creditworthiness regardless of lender/reporting?
Post: Visio lending rental loan might get reported on personal credit f
- Posts 3
- Votes 1
Hi We were about to lock in a loan with visio lending for a short term rental(airbnb) investment property and the loan agent mentioned. The intent to go with them was to make sure we this deal doesn't affect our personal buying power.
but the agent said that they might sell this loan later and the new provider can choose to report it on our personal credit profile.
has anyone run into this? Is this common? If it shows up on personal credit doesn't it defeat the whole purpose of this loan product?
do you have a recommendation on a different asset based lender who can do loans on STR income?
we have a quote from kiavi (lending home)? Are they good to be considered?
We are already under contract and any help is highly appreciated 🙏