21 October 2024 | 1 reply
This cost is typically 0.5% to 1% of the loan amount.Title search and title insurance: The lender carries out checks to ensure no issues with the property’s title, like a tax lien.
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24 October 2024 | 19 replies
Same with insurance or CPAs.
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27 October 2024 | 13 replies
Do you frequently require subcontract and vendor engagement (lawn care, snow removal, building maintenance, management company etc.) and if so, do you sign contracts and require that you are listed as additional insured on their insurance policies?
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24 October 2024 | 5 replies
As far as closing costs go, see below:-Title fees-Title insurance-Hazard Insurance-Lender's closing fee, underwriting fee, or any other flat fee they charge-Origination fee-Attorney fee (if the property is in an attorney state)-Doc fee for closing docs-Prepaid interest through the end of the month you are closing-Recording and transfer fees on titleThat will cover most of your normal closing fees.
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24 October 2024 | 12 replies
New Garage door on detached 2 car garage.My mortgage company is Citizens Bank and from looking at their rules for PMI cancelation(per google AI) they are:"Citizens Bank will automatically cancel private mortgage insurance (PMI) when your loan-to-value (LTV) ratio reaches 78%.
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21 October 2024 | 24 replies
I do have an eviction lawyer, Brian Heckman if you have ever heard of him.I’m doing extensive remodeling, it’s on knob and tube, over 100 years old building and plumbing, so about 2-3 months renovations.
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24 October 2024 | 9 replies
You could possibly drop the mortgage insurance, but the difference in rate would most likely eat up those savings.
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23 October 2024 | 7 replies
You'll want your PL named as lender on the property insurance policy.
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27 October 2024 | 23 replies
Agents, buyer/seller, insurance agents, attorneys, title companies, inspectors, lenders, mom & dad, relatives and so many others.
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18 October 2024 | 14 replies
I'm currently paying $4100/year for insurance, and when it renews in October it will go up to $5500/year.