BRRRR strategy can provide passive income and a revolving method for purchasing and owning rental property. The method works through the following steps: Buy a property: The property you purchase should be a distressed property that needs some work to get […]
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How to Get a Mortgage
Fannie Mae Reserve Requirements for Investors with Multiple Properties Owned
What Are Reserves? Reserves are liquid or near liquid assets that are available to a borrower after the mortgage closes. On every loan transaction, reserves are required to be verified as part of the approval process. Acceptable sources or reserves […]
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Be in Charge of your Mortgage Approval
I forget where I heard it or who told me, or maybe I read it somewhere, but the message was that I should be the one in charge of my own health care. It wasn’t up to my doctor or […]
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What is TRID and how will it affect you when getting a Conventional Fannie Mae or Freddie Mac Loan?
What is TRID? TRID, which stands for TILA RESPA Integrated Disclosure, is the culmination of several years of discussions between CFPB and members of the banking and title industries.TRID consolidates the existing disclosures required under TILA and RESPA for closed-end credit […]
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How To Get The Best Deal On A Mortgage
The single biggest debt/financing/liability/interest paid over time decision most people make, is choosing the best mortgage deal available, when buying or refinancing their home. So, what is the best way to do that? There is certainly no shortage of choices […]
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