A few nice apartment building photos I found:
0804 | French Apartment Building | 2009 | East Side
Image by Facility Records | MSU Physical Plant
0804 | French Apartment Creating | 2009 | East Side
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Many Find Mortgage Refinancing Difficult
The Home Affordable Refinance Program (HARP) was supposed to make refinancing easier for millions of struggling homeowners, health but as many have found the HARP rules are structured in a way that makes it hard for borrowers to shop for better deals. It also …
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No signs of HARP burnout
The resilience in Home Affordable Refinance Program speeds defies recent talk of a burnout, page said analysts at Bank of America… » New lending rules could dampen Florida's housing recovery. A new set of tighter mortgage rules designed to prevent the …
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Question by BuzzBee: Can property lease payments be added back to cash flow in a commercial mortgage?
If an established business exists on a leased property (and will be moving into the new property after closing), and can the lease payments be added back to the cash flow when determining the approval amount for loan?
I will not renew my lease if I can find a nice piece of commercial property.
I dont understand why not. To me it is like telling a renter interested in purchasing a home that their qualifying amount is based on their income AFTER they pay their rent. It doesnt make sense. The only difference is that the business owner can take that expense off their taxes.
Best answer:
Answer by Your #1 fan
No. Anything a lesse pays goes to the owner. You receive no benefit from it as the tenant. Maybe less tax as it is a business expense.
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Obama Makes Renewed Push for Lower Rates on Refinancing
The Responsible Homeowners Act of 2013 would improve upon the government's current Home Affordable Refinance Program (HARP) by eliminating appraisal costs, visit this site reducing upfront fees on refinances, viagra ensuring consistent standards for all lenders and providing …
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Question by Jen M: We are looking for a lender who will finance on an FHA Streamlined 203K for purchase with a 580+ FICO.?
We are currently preapproved for a traditional FHA loan, adiposity but the lender will not approve a Streamlined 203K with our credit score. Please don’t say find a different house. We simply want to know if anyone is aware of a lender who will finance the Streamlined 203k with a 580.
Best answer:
Answer by golferwhoworks
no not now as you will need with most on a 203K streamline either purchase or refinance at least a 600 and with most a 620 score. You must work on that first. sorry not many will even do these loans
If you do get one the rate will be Veryy high on this loan as the lender will charge more like 1.5%-2% over par because they are having a hard time securing these loans on the secondary market
I am a mortgage banker in TN & KY
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I would call Bank of America!! They seem to get the job done.
Wow, you are going to be very hard pressed to get an FHA loan or any conventional under a 580 FICO. As a real estate investor, I have to say that right now considering what happened in the subprime mortgage loans, which also resulted in FHA making changes to their federally backed loans, you really need to try and pull up that FICO score. If you can pay down some debt and at least pull it to 620 you have a better shot of getting a streamlined loan.
The answer is simply NO, right now lenders don’t want to lend money to anybody, and when they are they have made it so that only no risk customers with high 700’s FICO’s are getting better interest loans. In reality, a 580 would come with an excessively high interest rate.
There are “No Doc” loans available but they want to see 10% down and come with over 10%-12% interest on your loan. This would kill you financially! Unfortunately, FHA used to be a hell of a lot more forgiving than conventional, but economically speaking they too have narrowed and closed the gap on high risk lending.
Best advice try to bring you FICO score up. If you have a lot of little credit card debts pay them off, but keep cards open and don’t use. Try and also renegotiate interest rates on credit cards as well. Consolidate any debt you have and reduce down to 1/4. This will help bring FICO up substantially.
Hope this info helps!!