So you have to climb TWICE as high up that interest rate ladder to find a rate at 102.125 than you used to.Pre COVID example:X.375% is priced at 101.1X.25% is priced at 100.4X.125% is priced at 100X.000% is priced at 99.6So, in this case, basically a LO could offer you X.375% at a cost of about 1 discount point. 1.1 of the 2.125% is absorbed into the rate.

The real make or break point in LO is to have the integrity to qualify your potential t/b with a mtg bkr.

It opens the door for the tenant/buyer to take you to court and get the agreement turned into a Land Contract...and thus ALL of the rent payments are credited.There are 4 people involved in a LO. 

A LO will give you 2 years (or more if negotiated right) to get mtg ready.

Your LO is critical to your success. 

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

First time homebuyer here. House caught fire a month later. Insurance was a blessing so I paid off the property, cleared the lot, ...

Brittney,Without getting into details firs toff your dealing with QL and when your talking to a call center in most cases or a new LO. 

Hello everyone, I have a tired landlord that is looking to sell a rental properties for his retirement. The lot has 2 houses on the property renting front and back currently vacant. He owns it free/clear and is opened...

Lo and Behold the driveway to the side entrance garage is halfway on the neighbors property. 

If it's 2 attached sfr's (depends on the legal description and if they are on separate parcels-zero lo-line units, etc), then they are 2 separate properties, and will be appraised as such.