All Forum Posts by: Wendy S.

@Wale Lawal. Thank you.  I understand.  Well I need to find a work around or pushback. I don't see if I had 1-10 members in my family how would this make a difference if I had the same number or less adults cohesively sharing my home that I would be living at. 

A code enforcement officer said one of my neighbors had reported me and found my ad to support it.  My immediate neighbors utilize vrbo, furnished finder and airbnb etc but I suspect the one that did was a result of me not accepting an application from a friend that wanted to pay half what I was charging. 

My neighbors are still in violation and I'm not the type to report others just because I'm in a pickle so I'm just trying to see how I can share my home with "1 family." The ad at the time was to rent the basement out to 1 family while my family occupied the other 2 floors. So I'm looking into the definition of family.

Has anyone ever had the city say they can't rent a part of their home while living there also in a sfh?

It has to be rented to 1 family and how did you get around this?

To clarify, you can't rent rooms you can't rent a part of the house such as the basement or 1 floor? There is adequate ingress/egress, bathroom, parking etc.

@Jason Wray Thanks. We'll, I'll keep checking to see. Mortgage rates in less than 3.2% across properties so definitely favoring HELOC.

@Jason Wray Thanks for your response. I do understand the difference as you stated. What I have been finding is that the traditional players ( big banks, Cu ) that offer a true Heloc are assisting about 60 days to close and fund while the more online players such as Figure is offering A Heloc that to me is really a Heloan because you have to take the money over approved for the full amount but they promise a 7 days payout all things being equal.

This is why I specifically asked if anyone know any Lenders and to please clarify HELOC or HELOAN.

Hi All

I'm in Goergia and trying to find the best lenders offering high LTV on primary residence as well as investment properties.

Hoping for 90% LTV on Primary ( found 89.99% via Discover) and 75/80% on investment. Please clarify whether it's a HELOAN or HELOC, thanks. Also, does the initial draw have to be the full amount like a HELOAN even though the product might say HELOC?

Thanks.

@Paul Novak

Well it turned out to be a good decision with everyone happy all around. 

@Evan Polaski Thank you

@Don Konipol

Wow. Thanks a lot. Will do.

@Charles Seaman

Thanks Charles.  Underwriting and structuring the deal.  Just read over previous message, Thanks for overlooking the typos that my smartphone autocorrected.