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- Due on sale clause was called by bank!Due on sale . . . - BiggerPockets
I recently received a letter from one of my lenders (Flagstar bank) calling out a deed transfer I made around 2-3 years ago I transferred a deed via quitclaim from my name into an LLC The loan was secured in my name as it was one of my first 4 Fannie loans They noticed that I had a named insured of my LLC added to my insurance
- Flagstar Bank LLC TransferFlagstar Bank LLC Transfer - BiggerPockets
Anyone have any experience with transferring a Flagstar Bank mortgage into an LLC? I've had people tell me not to worry about it and to just do it, an
- Flagstar Loan COVID Forbearance OptionsFlagstar Loan COVID Forbearance . . .
Hi all, Just wanted to post a quick re-cap of the options that were laid out for me during my recent phone call with Flagstar Loans Put my duplex into forbearance at start of COVID and as I am gearing up to move out of forbearance I wanted to assess my options I spoke with four different representatives and received four different responses
- Anyone use Flagstar Bank? (HELOC) Anyone use Flagstar . . . - BiggerPockets
However I searched the bank and it's reviews and found many bad ratings Most sounded pretty petty and about illogical unexpected fees and more about customer service
- Flagstar Bank requiring personal banking accountFlagstar Bank requiring . . .
This is a new one for us We received a notice from Flagstar stating that starting in January 2021 they will no longer be accepting mortgage payments from business accounts We set up business accounts for each of our properties (this is the only one with Flagstar) The mortgage is a conventional primary residence for our 4 plex that we house hack It seems ridiculous to us that a bank would
- HELOC lending for rental - BiggerPockets
Lenders such as TD Bank, PNC, Flagstar Bank, Guaranteed Rate, and even some local Illinois credit unions may provide HELOCs, but requirements are stricter Generally, they want to see a strong U S credit profile (credit score of 720 or higher), a debt-to-income ratio under 43%, and reserves covering 6 to 18 months of payments
- Real Estate Investing News Advice | BiggerPockets Blog
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- Three Reasons Hard Money is Better Than Bank Money
I get asked by real estate debt investors regularly, “Why do fix-and-flippers pay such high interest rates?” and “Why don’t they just go to a bank?”
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