All Forum Posts by: Eric C Gunderson

@Taylor L.

Thanks for the input, much appreciated.

Do you all charge application fees? Refundable or non-refundable?

Repair costs are quoted after inspection so I feel good there but wanted to know if the deal was "good enough" to proceed.  

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Thanks.  I'm basically redoing just about everything but the roof which is in good shape.  New bathrooms, flooring, water heater, heat etc.  When done there really shouldn't be anything left to do.  I've had an inspection and contractor thru it and quoted everything prior to offer.  Negotiating purchase now and not looking good at $25K now.  Seller of course wants more.

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Sorry for being unclear.  I was talking about two things...1) what's an "average" interest rate to expect from a lender and 2) what do they typically charge in terms of fees (points? origination fees, etc.)  Ball park just for planning purposes.

I'll start by saying excuse my ignorance as I'm new to Bigger Pockets and real estate investing in general. I have a couple high level questions regarding financing rates when assessing a property. What's a good rule of thumb to use for a SFH mortgage rate and accompanying loan fees for a $100K home? I personally make over $200K per year, have zero debt outside my own home and have a credit rating of 800+. Don't want to see a big surprise on loan fees and high rate on the back end. I appreciate any help or advice.