Financing in Somerville : Real Estate Advice

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Jeffrey Manc…,  in Boston, MA
Jeffrey Mancovsky answered:
I want to purchase a two-family and live in one of the units. How will FHA treat the income from the rental unit?
FHA will allow 85% of either market rents (determined by appraiser if unit is vacant) or 85% of actual rents. It is not specific to any lenders it is a FHA guideline. Only if you are ... more
0 votes Share Flag Sun Nov 28, 2010 Financing in Somerville
Julie,  in Charlton, MA
Julie answered:
< 2yrs Documented Work Experience
As long as your degree was in the field that you currently work in you will be fine. For example: I have a similiar situation where some one got an accoutning degree this past Decembe ... more
0 votes Share Flag Tue Aug 31, 2010 Financing in Somerville
Julie,  in Charlton, MA
Julie answered:
Looking for (portfolio) lenders who will do cash-out refi of 4 unit investment property, solid neighborhood near Boston, MA. Total loan <65%LTV.
Hi Peter,

I am currently working on an investor who owns 7 properties and I have a few lenders portfolio that are helping me refinance some and others do cash out. Obviously this is ... more
0 votes Share Flag Tue Jun 22, 2010 Financing in Somerville
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