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All Forum Posts by: Jacob Stephen

Jacob Stephen has started 18 posts and replied 36 times.

I'd prefer to go directly to the ins companies themselves. Which should I look at? Thx
3 units. One unit will be Owner occupied.
Anyone have a view on this? Thx

Post: Loan origination fee

Jacob StephenPosted
  • New York, NY
  • Posts 36
  • Votes 1
Ignore - the bank listed 3.10% origination fee. But 3% of that was for buying the rate down. The bank listed the buy down again in the next section as 3%. It was confusing wording.

Post: Loan origination fee

Jacob StephenPosted
  • New York, NY
  • Posts 36
  • Votes 1
A Bank is trying to charge me a 3.10% origination fee. That seems insanely high. I thought origination fees are more in the 0.50% range.
@chris Is an o&e report public information freely available on the internet? Thx
I want to know if the bank who owns the mortgage will a) show up to bid; b) compare the mortgage balance to the market value and see if there's a spread. If the mortgage balance is small I'm hoping the bank will choose not to bid on it. I just want to know the other participants incentives.
I'm considering selling a home purchase contract. What is the process?
Which insurance firm is competitive on price & quality for multi families? New York State. Thanks in advance.
Outstanding balance, delinquency status, current court action. I'm bidding on a tax lien and I'm interested in the outstanding mortgage on the property.