Transfer personal title to an LLC
Hello,Our first home is now a rental, and we would really like to convert from a personal title to an LLC for liability purposes, as well as possibly structure the LLC like an scorp down the road. I...
View ArticleCo-op in which a single entity owns more than 10%
Greetings,I just signed a contract on a property in NY and I have come to find out the financing may be a bit of a struggle for me due to Fannie Mae requirements. More than 10% of the units are owned...
View Articledaily interest rate question confusion
We are refinancing our home. The interest rate is 3.75%. In the original closing cost work sheet it said the daily interest rate is $37.91 which, if I understand the daily interest rate, seems to work...
View ArticleGetting a Mortgage
Hey all,I have a dilema that I hope the community can help with. I am planning on moving from CA to MA and starting a business. This poses a major Mortgage problem. As I understand it I have three...
View ArticleMultiple Properties
I have a couple of questions:Scenario - I have an investment property (30% equity) and a primary residence (10% equity)1) I am planning on turning my primary residence into an investment property and...
View ArticleFamily Opportunity Mortgage and Renting to Parents receiving SSI Disability...
I have been researching different articles and speaking with a few lenders and am still not 100% clear on how family opportunity mortgage works with renting to parents and any affects on SSI Disability...
View ArticlePMI / MIP deduction 2015
I cannot find any up to date IRS publication to verfy if PMI / MIP can still be deducted in 2015. Can anyone please confirm? Also please please confirm if PMI / MIP on loans that originated in 2015...
View ArticlePrimary and 2nd home refi questions
my TOTAL non mortgage debt is $3500.00ultities/car - monthly expenses are $600 cutting to the chase: primary rez, sfh in CAcurrent loan : 8 years left on 10/1, 4.00%, no escrowcurrent mortgage:...
View ArticlePMI
In 2009 I retired for health reasons and, because my pension couldn't support the mortgage, I fell behind in payments and we moved out (this is in Florida). The bank put too many road blocks in place...
View ArticleTech to cut costs at home?
Hi, I'm moving to Los Angeles next month and am seeking tech for my home which is efficient and can help me save money (appliances, paperwork, etc). I've bought some Nest appliances already and I'm...
View ArticleHow many lenders can I be in contact with while I refinance?
I want to refinance but I dont want things to fall through so I will be using two lenders till closing.How far along can I go till I have to choose? I dont understand why I have to choose one lender so...
View ArticleDo I have any recourse against mortgage broker?
I received GFE at 3.625%I aske him about rate lock and he said that rate can be locked as soon as I sign an application.My property was appraised 12% higher than was estimated during initial...
View ArticleMortgage Cheat Sheet
www.homebuyingcheatsheet.com/mortgage-cheat-sheet/ Any terms Redfin would like to see added?Or general suggestions? Thanks,James
View ArticleRefinance to 15 year loan and options
I got an offer to refinance my home loan, about $350K to 15 year fixed, no closing costs/points, for 2.99 rate and apr by cash call in california. Has anyone any suggestions for even better rates.
View ArticleBank Statement Loans
I wanted to let you know about the great Bank statement Loan programs I use over at Equity Development. They are my go to Lender when it comes to funding my Self employed clients. they only wanted 12...
View ArticleVeterans administration loans
I want va loan is this site good one, http://www.securityamericamortgage.com/Pls suggest me, if there any other alternative pls let me know it.
View ArticleHow to know if 15yr loan better option than 30yr?
You need to figure out your max payment to be able to determine a proper answer. 15 year loans always have a lower rate but the payment is a lot bigger. My local broker didn't even tell me about 20, 25...
View ArticleIs jumbo loan recourse loan in CA?
My lender told me that the jumbo loan is recourse loan even in CA, but according to my research, CA is a non-recourse state. Sort of confused.
View ArticleLoan for a second home
I am planning to buy a second home (preferably single family house). I currently live in a town home which I want to rent out. Below are some details: 1. Recently appraised value of my townhome: $950K...
View ArticleIs 425k Considered a Jumbo Loan in Los Angeles, CA ?
I looked into a refinance recently and the broker (conventional loan) I was dealing with, Guild Mortgage, told me I'd get a better rate if the balance were at or below $417k. I thought CA (Los...
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