Have you been denied at a bank or another mortgage company for not fitting within the debt to income ratio to qualify for a loan? No need to look any further as we at Blink Lending have an Investment Home Loan. There are three items to turn in initially with the file, which are 2 Months of Banks Statements, ID, and the Purchase Contract (this would be for a purchase loan). At that point all we would need to do is order an appraisal with a rental income projection the appraiser puts together.
Real Estate Investing
How Soon Can You Do a Cash Out Refinance After Buying a Home?
Question 2) Am I able to do a cash out refinance after 6 months similar to how I normally complete my transactions? Short answer, absolutely! Smart investment answer, why would you? When purchasing an investment property (aka investment purchase loan) you can put as little as 15% down allowing you to financing up to 85% Loan To Value (LTV). When refinancing an investment property without cashing out (aka no cash out refinance loan) and to only lower your current term
Investment Property: Minimum Down Payment Requirements
Question 1) What is the minimum down payment requirement as a percentage for Conventional investment financing and how much should I expect to pay in closing costs when purchasing a $150,000 investment property? Conventional financing allows real estate investors to put as little as 15% down when purchasing an investment property. I am personally not a fan of the 15% down payment option and much prefer the 20% down payment options, although 15% down allows me to save 5%. I have found
Private Mortgage Notes vs. Stocks: Which is a Better Investment?
Private Lending vs Stocks Down to the Basics: What is Private Lending and why people invest in this?Purchasing Real Estate notes; earning Passive income without being an landlordWhat is the Stock Market and why people invest in this?Buying a small piece of a company within US or World EconomyMultiple platforms to use with all having different ways to research companies; easy to get startedCyclical, earnings based on choosing the right stockEveryone knows the Stock Market as if you are
Protecting Your Property: Understanding the Due-on-Sale Clause
A due-on-sale clause is a provision in a mortgage promissory note that stipulates the full balance of the loan may be called due (paid in full) upon sale or transfer (conveyance) of ownership (either full or partial) of the property used to secure the mortgage. This provision as also sometimes referred to as an “acceleration clause”. Mortgages with a due-on-sale clause are not assumable. This clause helps protect lenders against below-market interest rates. Due-on-Sale Clause A
Underwriting Your Loans: A Guide for Private Lenders
Credit – Income – Assets (C.I.A) As a lender, you might be wondering what basics we look for with each client who is hoping to get pre-qualified. Below is a basic version to give you an idea of what we are looking for, and a handy acronym (CIA) to help you remember it: Credit (C) – The first part are your Credit Scores, which are and always will be important for home ownership and real estate investing. Every Lender will use the Middle Score for qualifying purposes, meaning whether the
