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February 15, 2019

QUESTION: I am an investor and want to buy more properties. How many property loans can I have. I am getting different answers from different people.

Answer: FNMA (Fannie Mae) and FHLMC (Freddie Mac) do limit the amount of loans […]
January 16, 2019

QUESTION: I am buying a home and it needs a new roof. The lender is telling me I need to have it replaced before I can close? This is really messing up my transaction! Is this common?

Answer: This is normal, but some lenders can make exceptions. It is more common […]
February 15, 2019

QUESTION: I am trying to buy a piece of land and want to know if that is something a lender would finance?

Answer: Land loans are not as common and only specialized lenders handle these. There […]
January 16, 2019

QUESTION: I have a property that generates some Ag income and I found out that I cannot qualify for a normal loan. Are there options out there for me to finance my property?

Answer: There are some financing options out there! These types of properties fall into […]
December 1, 2018

QUESTION: I have a property that is on 63 acres and I am having trouble find a good mortgage program?

Answer: Many lenders will limit the amount of acres they allow.  Some are 5 […]
February 15, 2019

QUESTION: I want to turn my current home into a rental and buy a new home. Can I do that since I purchased it as my residence?

Answer: If you have held the property for a while, this is not a […]
December 1, 2018

QUESTION: I went to my normal lender and was told they cannot do loans outside of my state? How do I find a lender?

Answer: To do residential mortgage business in any state you must be licensed in […]