What is TRID and how will it affect you when getting a Conventional Fannie Mae or Freddie Mac Loan?

What is TRID? TRID, which stands for TILA RESPA Integrated Disclosure, is the culmination of several years of discussions between CFPB and members of the banking and title industries.TRID consolidates the existing disclosures required under TILA and RESPA for closed-end credit […]

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Why is My Rate Higher on an Investment Property Loan?

● Graham W. Parham ● September 28, 2015 ● Interest Rates ● No Comments

While it varies based on market fluctuation, you can generally expect investment property financing to be at least 0.5% higher in rate when compared to primary home financing. In mortgage finance, pricing adjusters are added to a loan, which can […]

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What is a Credit Score?

● Graham W. Parham ● September 28, 2015 ● Credit ● No Comments

Before deciding on what terms lenders will offer you on a loan (which they base on the risk to them), they want to know two things about you: your ability to pay back the loan, and your willingness to pay […]

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Non-Seasoned Cash-Out Refinance Program

● Graham W. Parham ● September 15, 2015 ● Refinancing ● No Comments

DELAYED FINANCING EXCEPTION Borrowers who purchased an Investment Property or Second Home within the past SIX months are eligible for a cash-out refinance. The new loan amount can be no more than the actual documented amount of the borrower’s initial […]

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What to Expect When Buying a Turnkey Property?

● Graham W. Parham ● August 28, 2015 ● Buying an Investment Property Turnkey Properties ● No Comments

When investing in real estate, you have to ask yourself “Do you want to be a landlord or do I want to be an investor”? If you say yes to both, then it is time to quit your full-time job […]

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The Basics of a 1031 Exchange and Why

● Graham W. Parham ● August 28, 2015 ● 1031 Tax Exchanges ● No Comments

A 1031 Exchange is a great way for investor’s to develop significant wealth by deferring capital gains tax on the sale of assets that are replaced with like-kind properties. But this generous benefit of the Internal Revenue Code comes with […]

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A Beginner’s Guide To Forming A Real Estate LLC: Part 1

● Graham W. Parham ● August 28, 2015 ● Limited Liability Corporation ● Comments Off

For the better part of a decade, real estate investors have favored the protection offered by limited liability companies (LLCs), as opposed to other similar legal entities. While they are not the only option for consideration, most real estate investors […]

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