Prepayment penalties- usually 1-5 year terms.

.: Hello, I have been seeing increasing opportunities recently to bid on non performing notes on commercial properties that banks are trying to offload.These notes usually have the following characteristics:The note has reached maturity several months ago.

But you're dealing with an ex and that's not usually easy or fun.

A refinance later will have extra costs if you maintain FHA, but be cheaper on closing costs converting to conventional later, but conventional loans usually have higher rates.

The interest rate on a HELOC is usually higher than a normal 1st lien mortgage, but I am seeing some cases where HELOCs are in the 6's and 7's (where credit score is high and LTV is 65% or lower), which make them pretty comparable. 

If it's that little, that usually means it's just running in one area and is a pretty easy fix, not an entire rewire.

I usually find someone within a day or two.

He usually buys under $30k, puts $100k in the rehab, and then they appraise for at least $175k.I assume you're contacting HMLs vs banks/credit unions in the area, is that right?

That should/could (has historically) be a force for the rise in volume and price we are seeing now, but these aren't usual times.

It is usually much better.