Is there really any advantage of going with one mortgage broker over another, or on particular bank over another, for a real estate loan (as long as the service is good)?

Yes. Brains, experience, lender relations which help pricing, speed of processing, etc.Get comfortable with someone or an online relationship is ok too! I have not met directly with a customer to take an application in about 5 years. It’s commoditized to the extent that Fannie, FHA, VA, etc. have guidelines ...

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Could there be an increase of foreclosures in the future with so many people paying a lot for homes today?

Foreclosures happen when people can’t pay. Not because of price.

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Why is it not legal to loan your child money for a down payment or a mortgage for their first home?

Because the lenders want it as a gift so there is no family squabbles after the fact.. You can’t borrower any money regardless of the source that is a loan that is unsecured. If you do a loan against their car, then it is fine or a mortgage that you ...

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Can people be denied for a mortgage after pre-approval?

Yes, if circumstances change and if the property does not appraise.

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What will San Francisco real estate prices look like in the next 5-10 years?

Like the old TWA ad used to say, ‘Up and Away TWA!”#supplyanddemand

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90% LTV Cash Out

Need lots of cash out? We can do without pmi! What's your story? We can help.

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Investment Mortgage NoDoc

Here is a bee product we have for investors. This loan is based on the cash flow of the property. Here are some highlights. Loan amounts up to $2mDebt coverage rate = 1.0%DTI not calculated - use case flow analysisNo tax transcripts or tax returns requiredCash our refi to 1m ...

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Fannie Mae Mortgages Allowed for Short-Term Rentals, Airbnb

You can now buy a place as a second home and use airbnb income to help qualify. What a boom for second home communities.Previously, you paid about an extra 1/4% in rate because they wanted the purchase labeled as Investment. The lenders all have to adopt it so give it ...

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Should I refi now or wait until a recession?

No one can answer this question without running your numbers. If you have a high rate, get rid of it. you can even borrow with no closing costs by raising the rate. No one has any idea when the next recession is, how bad it will be and what rates ...

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How do I sell my home to my daughter who has no cash?

What you do is give her a gift of equity and pay for her closing costs. It is all allowable. Get a professional to help you with the mortgage set up first, then get someone to do the agreement of sale, etc. correctly.

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