Obviously blue collar.

It's pretty obvious that they want money, but I guess how much, only time will tell.

Should be obvious to everyone by now, it's only regurgitated constantly on every major media medium of the "us vs them" messaging, poor vs rich, that if your not rich your poor and it's NEVER your fault it's "there" fault.     

Obviously, we don't use any EM in Arkansas. 

Hi Mel, Obviously this is a beautiful home that means a lot to you.

After paying closing costs, title fees, appraisal, origination, underwriting, processing, legal and other fees, the typical refinance costs about 1.75 - 2.5% of the loan amount just in closing costs (obviously before people yell at me, this varies drastically by state, but having done loans all over the country I find this to be a pretty accurate estimate).  2) Keeping the average 2% cost in mind and the fact that people typically refinance when rates drop about .75% - 1% or more, I wanted to see if paying an extra point now when I was already paying all the closing costs to buy the rate down made sense. 1 point can get you between .5% - .625% off the rate depending on the days pricing and the coupon you are pricing. 

It also allowed me to act as a "cash buyer" when I went after the 6 plex and it will do so into the future.The obvious key to this strategy is that you have to be able to buildup to a large enough HELOC. 

(Obviously only applicable in states that have income tax).

They're not necessarily going to look for it but if it is obvious or if they do an inspection, they may find some issues.

Obviously I think closer to the school the better, but are there certain neighborhoods that are better than others?