Yes What underwriter calls an investment is a bigger and nicer and newer home. Our second one is a small…
On Is it a Primary Residence, a Second Home or Investment Property?
Thanks for reply. We own both properties. Daughter just lives with us sometimes. Well why not then for a bank…
On Is it a Primary Residence, a Second Home or Investment Property?
We are having difficulties refinancing because both of our properties located within a mile of each other. We do not…
On Is it a Primary Residence, a Second Home or Investment Property?
Thanks for the clarification Rhonda. Do you have any advice on seeking a portfolio lender. They seem more scarce than…
On Is it a Primary Residence, a Second Home or Investment Property?
Hi Rhonda. Thanks for the helpful information! I am considering the possibility of becoming an owner-occupant of my rental property…
On Is it a Primary Residence, a Second Home or Investment Property?
[...] paid borrower,lenders want to see the last two years complete tax returns and will basically average the last two…
On What is required of income documentation for a “full doc” loan
[...] use Form 4506 to obtain a tax transcript for several reasons, in addition to verifying taxes have been filed.…
On Form 4506: Not Just for Stated Income Loans Anymore
[...] with conventional financing at 5% down, the seller can contribute up to 3% of the bona fide closing costs,…
On How much can Sellers contribute towards Closing Cost?
[...] Yesterday we took our six month old puppy to Lincoln Park in West Seattle for a walk. I thought…
On Sunday Drive to Lincoln Park in West Seattle
[...] you are pre-approved, have a house under contract, and you have locked your rate with a lender. The process…
On How can a preapproval change?