Q&A
Asked by Cheryl
Answered by Chad Freeman, Branch ManagerPRO+ in Bethesda, MD
Hi Cheryl: If you are financing an "out of state" property, it means that the property you are financing is out of the state from where you live. Your "primary" res...
Q&A
Asked by JOSE BALLARD
Answered by Chad Freeman, Branch ManagerPRO+ in Bethesda, MD
Jose: Thanks for your question. There is nothing stopping you from doing either. However be advised that 1) There are specific guidelines for renting your home and ...
Q&A
Asked by Hope
Answered by Chad Freeman, Branch ManagerPRO+ in Bethesda, MD
Hello Hope: You can think of credit as something that reflects your "fiscal personality" and you always want to make a good impression. By that I mean your credit h...
Q&A
Asked by Joyce
Answered by Chad Freeman, Branch ManagerPRO+ in Bethesda, MD
Hi Joyce: First, it's very nice to be able to answer a question for someone right here in my backyard (DC)! Real estate investing can be both very challenging and v...
Q&A
Asked by an anonymous user
Answered by Chad Freeman, Branch ManagerPRO+ in Bethesda, MD
Hello: You're reported loan to value on $750k to $5 million should certainly fit well within lending guidelines. The interest rate however, like all proposed trans...
Q&A
Asked by Lauren
Answered by Chad Freeman, Branch ManagerPRO+ in Bethesda, MD
Hi Lauren: In fact, yes it is possible though I am sure you realize that the financing may not be under the best terms. Your financing may require a larger down pay...
Q&A
Asked by an anonymous user
Answered by Chad Freeman, Branch ManagerPRO+ in Bethesda, MD
This is a situation that you would benefit from by speaking with a qualified attorney. I can however shed some light and possibly help with a direction on this. A chap...
Q&A
Asked by an anonymous user
Answered by Adam Witzburg, Mortgage Broker in Denver, CO
If you filed a Chapter 7 Bankruptcy, typically you will have to wait 2 years after the discharge date to be eligible for a new mortgage through FHA financing. There ar...
Q&A
Asked by an anonymous user
Answered by Carlos Contreras, ChFC® in Aventura, FL
The first thing you need to know is if Massachusetts is a jurisdiction state. If so, I would contact a certified foreclosure attorney there. In Florida, we have 12 mo...
Q&A
Asked by an anonymous user
Answered by Chad Freeman, Branch ManagerPRO+ in Bethesda, MD
Generally speaking, 4 years. If there were extenuating circumstances, then possibly only 2 years.
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