Broker Recommendations for New Mortgage Loan Originator
Nov 21, 2024 · Hi everyone, I am a newly licensed Mortgage Loan Originator in Florida. I am looking for recommendations for Direct Lenders or Mortgage Brokerages who work with newly licensed MLOs. I have experience and connections in the homeowner's insurance industry - all of which I will leverage to grow my MLO career.
Lenders & Mortgage Brokers Forum | BiggerPockets
Jan 30, 2015 · Real Estate News & Current Events ... Private Lending & Conventional Mortgage Advice. Insurance Tax ...
Real Estate News & Current Events Forum - BiggerPockets
Nov 19, 2024 · The BiggerPockets Forums are the most active & comprehensive place for investors to find questions & answers or real estate discussions.
Lenders & Mortgage Brokers Forum | BiggerPockets
Nov 19, 2021 · Real Estate News & Current Events ... Private Lending & Conventional Mortgage Advice. Tax, SDIRAs & Cost ...
Getting a second mortgage on an assumable loan to cover
Dec 13, 2024 · However, The seller has a high equity build up into the property of about 300k. So if we were to assume the loan, we need to take a second mortgage to cover the equity portion of the loan. I am trying to find lenders who can do this as not all lenders are willing to do a second mortgage. if anyone has successfully obtained a second mortgage.
How To Get A Mortgage As A Low-Income Borrower - BiggerPockets
Mar 27, 2023 · A VA mortgage is an excellent option if you or a family member are veterans or on active duty. The loans provide an affordable alternative to buying a home with low monthly mortgage payments. USDA mortgages. The United States Department of Agriculture (USDA) has loan assistance programs for families living in rural and some suburban areas.
Investor-Friendly Lenders in Illinois - BiggerPockets
Dec 17, 2024 · Discover top investor-friendly Lenders in Illinois who specialize in helping investors succeed. Access expert resources on building your investing team, navigating the market, and matching with businesses skilled in real estate investment strategies. Perfect for maximizing returns and finding the right fit!
Second Mortgage: What It Is & How It Works - BiggerPockets
Aug 27, 2023 · Piggyback loans, also known as 80-10-10 or 80-15-5 loans, involve taking out a second mortgage alongside your primary mortgage, allowing you to avoid paying private mortgage insurance (PMI). The primary mortgage covers most of the property’s purchase price (typically 80%), while the second mortgage covers a smaller portion (e.g., 10% or 15%).
COMMERCIAL Mortgage Broker Licensing Requirements by State
Apr 15, 2024 · There has always been many questions as to if one needs to be licensed to engage in COMMERCIAL mortgage brokering/origination or RESIDENTIAL INVESTMENT property mortgages. Here is a list of states divided into three categories, based on my internet research. If you have any corrections to make please let us know.
Buying defaulted mortgage notes directly from banks
Dec 17, 2024 · By purchasing the note to the property you basically become the bank. You buy the right to collect the remaining amount left on the defaulted mortgage. Once you have the mortgage note you have a few options to move forward. You as the mortgage note owner could continue on with the foreclosure, get a 'Deed in Lieu of Foreclosure' or modify the loan.