Best thing to do is to shop each with same loan amount and terms and compare GFE's, by talking to several LO's you will also get an idea of the level of service they can provide.

Make sure you get all the information straight from the LO's mouth.

The BOA guys sounds like a classic Primary Residence LO.

Next, if financed to buy it, that financing needs to be longer than the L/O he wants to do.

I figured it wouldnt apply with a sandwich L/O pass all repairs to the buyer such as Ron Legrand and other teach.

I have a client interested in an out of state refi to do repairs on rental( owned free and clear), also another interested client interested in purchasing investments but I am hearing no from lo. due to being late on mortg. and having mods.

These are simply for people that currently lack credit because they have always used cash, or are stuck waiting the 2 or 3 year time period because of foreclosure or BK, but otherwise make enough money to afford the mortgage.Any ideas on tax benefits to maximize profit by using LO or seller finance?

Also, the deal is in SC but I haven't had a chance to seek quality legal advice yet so do I certainly like the idea of assigning the LO and getting out like Joseph mentioned.

Hello BP, officially my first question here.I've been hearing lately that "sandwich LO" is not a good idea.

I have seen many people that work a lot of lease options, especially sandwich LO use the contingencies of upholding the lease terms to make it valid.