Additionally, a lender deposit ranging from $20,000 to $100,000 is necessary, along with a rate lock-in fee that typically amounts to 2% of the loan amountIn the process of raising equity, it's crucial to be diligent while filling out necessary forms and securing required verifications.

I'm okay with some assumptions being made in your responses.

Hi Dominic, thanks for the detailed response.

Have every detail spelled out, use an escrow account and daily updates verifying all parties are executing their responsibilities.

also we do not know what is going to happen with int rates, they are very high now, the economy is not good and it is not certain they will be coming down this year. we know there will be more responsible gov spending, so maybe rates will come down, no way to know...I think you need to know the market where you plan to buy well, and go from thereBest of luck

Will do, appreciate the response!

Your son is responsible for making payments on time or ruining this seller's credit. 

I've had it where the utility company would install the new meter then you'll be responsible for everything after.

I have been using them for several months and they are very responsive and easy to work with.

No one pics up the phone and email responses take days and are very cookie cutter.