Thanks, He either has to give you the deposits or he has to give you a line item credit at the closing for the amount of the deposits, so that you can set aside the resulting credit money.The funds are NOT his.

Everything you need to learn/know is available online for free.

I would never advise my customer to take a 5 YPPP considering we are have been moving into a downward trending rate market since 2024. 3 Year Prepay Max but if you plan on doing renovations or taking cash out on the ARV then a 1-2 YPPP would be Max.I would also advise buying the rate down before you decide to take a 5 YPPP using seller credit, equity or closing funds.

Feel free to dumb this down for me, I want to learn and have had this goal for a long time. 

If you have none of that, you could fudge higher on housing debt.C Credit.  

If it's a larger organization, feel free to inquire about their staff qualifications.2.

For example, I mention that every adult must pay a $30 application fee, pass my credit/criminal background, make a combined income of 3x the rent, and whether or not the property accepts pets.

I’ve bought some houses with 0% interest for a year credit cards and a few with consumer lines of credit from banks.

Full credit/background check:  Look for missed payments, and any theft is always a no go.2.)

I'd be happy to connect further and see how I can help, feel free to message me.