All Questions
10
questions
8
votes
4
answers
4k
views
What could prevent a bank from lending to me to buy commercial real estate?
If I want to take out loans to buy real estate with the intention of renting it to cover the interest on the loans, what are the red flags that might prevent a bank from extending a loan to me?
...
- 9,785
0
votes
3
answers
225
views
Home sale payment
My questions refer to real estate in the US.
When the buyer pays cash (i.e. without taking a loan), would it usually mean that the buyer will have to pay the whole amount in a single payment? Or is ...
- 465
0
votes
2
answers
223
views
Is it possible to create a LLC for property investment and obtain an FHA loan?
I'm interested in forming a company to invest in property for tax reasons. I currently don't have a mortgage and never have, is it possible to obtain an FHA loan for a piece of property and have the ...
- 175
1
vote
2
answers
130
views
System of paying money for the apartment
I want to live in the U.S. for half a year and was trying to figure out how much the apartment price will be. I was looking at a shared room website and I found the word “from $875”or so. What does “...
- 31
1
vote
2
answers
103
views
What are my best options if I don't have a lot of credit lines for housing loans?
I've been denied for a pre qualify loan by Bank of America for a house recently due to having insufficient credit lines. I do have a credit score that is good and everything else is fine. I think it ...
- 11
1
vote
3
answers
504
views
Reason to give for personal loan in USA to buy land in India?
I am buying a land in India for that i need personal loan for about 15k.
I am not sure what should be the good reason to give to credit unions to get the loan approved.
Please suggest and thanks in ...
- 19
1
vote
2
answers
268
views
Credit Unions vs Bank Mortgage
I am a first time home buyer. My home-buying credit score is 620. I was recently preapproved for an FHA loan with my bank. The interest rate is decent at 3.75%, the only issue is I will have to pay ...
- 286
2
votes
1
answer
138
views
Real estate loans for repairs
I am very interested in purchasing a foreclosed home that is sold by Freddie Mac. The outside looks great, but the inside needs some work. Basically, the previous owners took everything including the ...
- 231
1
vote
1
answer
3k
views
How to calculate amortization table with pro-rated first month
From what I understand, banks prefer to have loan payments due on the 1st of the month. To that end, if you close on a property on, say, the 15th, they will charge you a pro-rated payment to get you ...
- 35
4
votes
3
answers
473
views
Homeowner's association funding a project in a condo: Bank wants an individual guarantor. What to do?
From time to time my HOA (homeowner's association) needs extra money for a project (eg painting fences, fixing roofs, plumbing repair, etc). They typically respond by raising the monthly HOA dues for ...
- 829