New requirement for landlords to own 5-10 properties

来源: CALoanAgent 于 2009-03-17 19:45:27 [] [博客] [旧帖] [给我悄悄话] 阅读数 : (312 bytes)

If you want to finance 5th to 10th properties(1-4 units)

1)The lenders will request 30% down payment now for refi, 25% for purchase(30% for 2-4 units)

2)credit score should be over 720.

3)PITI reserve should be 6 months for subject property and other
financed properties.



所有跟帖： 

• Curiously, how about more than 10? -daysofreckoning- ♂ 给 daysofreckoning 发送悄悄话 (0 bytes) () 03/17/2009 postreply 19:48:10

• local bank w/ blanket loans/ porfolio loans, private equity mone -jy101- ♂ 给 jy101 发送悄悄话 jy101 的博客首页 (156 bytes) () 03/17/2009 postreply 19:55:17

• Is it true going forward? or Backward? -daysofreckoning- ♂ 给 daysofreckoning 发送悄悄话 (213 bytes) () 03/17/2009 postreply 19:58:36

• small local bank still do some, and seller finance is popular ag -jy101- ♂ 给 jy101 发送悄悄话 jy101 的博客首页 (124 bytes) () 03/17/2009 postreply 20:08:40

• Good to know. Thank you. I guess more 8% will be -daysofreckoning- ♂ 给 daysofreckoning 发送悄悄话 (14 bytes) () 03/17/2009 postreply 20:18:05

• how about 6%.... -jy101- ♂ 给 jy101 发送悄悄话 jy101 的博客首页 (26 bytes) () 03/17/2009 postreply 20:36:25

• It isnt about last year. It is about next year. -daysofreckoning- ♂ 给 daysofreckoning 发送悄悄话 (93 bytes) () 03/17/2009 postreply 21:13:48

• yes, I know a few old builder bankrupt during that time -jy101- ♂ 给 jy101 发送悄悄话 jy101 的博客首页 (253 bytes) () 03/17/2009 postreply 21:36:32

• Just be conservative, all will pass. -daysofreckoning- ♂ 给 daysofreckoning 发送悄悄话 (261 bytes) () 03/17/2009 postreply 21:41:26

• agree, actually I stop buying property since last march. -jy101- ♂ 给 jy101 发送悄悄话 jy101 的博客首页 (227 bytes) () 03/17/2009 postreply 21:50:58

• What's PITI? Thanks. -EgretIslet- ♂ 给 EgretIslet 发送悄悄话 (0 bytes) () 03/17/2009 postreply 20:10:43

• Principal, Interest, Taxes & Insurance -北燕- ♀ 给 北燕 发送悄悄话 北燕 的博客首页 (0 bytes) () 03/17/2009 postreply 20:28:07

• Thanks. -EgretIslet- ♂ 给 EgretIslet 发送悄悄话 (0 bytes) () 03/18/2009 postreply 08:18:11

• 这么说偶去9月那个好险.信用675.商业楼$325000.放百份20 -MrsKwok- ♀ 给 MrsKwok 发送悄悄话 (30 bytes) () 03/17/2009 postreply 20:14:49

• Commercial loans are different -CaLoanAgent- ♂ 给 CaLoanAgent 发送悄悄话 CaLoanAgent 的博客首页 (0 bytes) () 03/17/2009 postreply 20:56:39

• could you explain what the differance is? thank you! -MrsKwok- ♀ 给 MrsKwok 发送悄悄话 (0 bytes) () 03/17/2009 postreply 20:58:30

• For most residential loans, if the lenders want to sell -CALoanAgent- ♂ 给 CALoanAgent 发送悄悄话 CALoanAgent 的博客首页 (515 bytes) () 03/17/2009 postreply 21:18:14

• 太对了.谢谢您!银行也要偶的租客的租约.可能就是这个原因. -MrsKwok- ♀ 给 MrsKwok 发送悄悄话 (97 bytes) () 03/17/2009 postreply 21:27:25

• 回复：太对了.谢谢您!银行也要偶的租客的租约.可能就是这个原因. -CaLoanAgent- ♂ 给 CaLoanAgent 发送悄悄话 CaLoanAgent 的博客首页 (51 bytes) () 03/17/2009 postreply 22:56:23

• thanks again -mrskwok- ♀ 给 mrskwok 发送悄悄话 (0 bytes) () 03/18/2009 postreply 08:38:57

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