Lender · Tampa, FL · Member since 2014 · 543 posts · 168 votes
Why would the price have not been negotiated up $2.00 to $754,500 or down $98.00 to $754,400, a round number?
Do you know how much chaos and extra time and effort throughout the loan process correcting the sales price and possible delays such a number can cause on the Mortgage side?
To all Investors: do yourselves and everyone on the mortgage as well as on the title side a huge favor and simply round your sales price up or down to the nearest round 100 number.
I personally don't think the majority of investors are too concerned with their purchase/sale price being "convenient" for a mortgage broker they just want the deal locked in at the best possible numbers that work for them.