The lady then sent an email stating that my interest rate would be 5%.Today I am closing with these terms: $35k HELOC at 5% interest rate as opposed to Wells Fargo’s best offer of $30k HELOC at 9.25% interest.Thankfully I was able to talk to the property owner to push the closing date back a few weeks so I could get my HELOC closed.I couldn’t be more thankful for my local credit union. 

I understand that student loans could have deferment, or soft terms, but I haven't breached the topic with the applicant and want to get feedback from here first, if possible. 

If you haven't done it before, go find an experienced developer.If it was as simple as getting dirt and then building and lease-up, it'd be easy.However, there are lot of soft (aka go-away pmts to govt) monies and you need to get a good GC and architect to get you plans together.If it is your first, buy an existing MF and learn as much as you can - Much less risk.

If that is soft, sandy or constantly wet then the foundation could have settled.

You must have a rag or some paper towels with you, and wipe the straightedge off every time you lift it away from the wall. 

They will flush paper towels, tampons, etc.

When working with lenders, you can ask them to do a "Soft" pull on your credit.

The subliminal messages were buried in soft static.He asked him why he switched from real estate, and the guy confided, "Simple.  

Hi Karin,The above you mentioned used to be the case with FHA flips that were probably ear marked to be sold to Wells Fargo as one of their secondary market conditions was two appraisals if the sales price was 20% or higher than the acquisition cost when documenting the 24 month chain of title.I understand your frustration, they (Wells) just want to make sure that banks on the origination front do their proper due dilligence with valuation and documentation of the value to ensure that they will not have to buy back that paper from the correspondent lender (unless your dealing directly with Wells Fargo).Its hard unless you ask but if you find a banker who is originating loans and directly selling/servicing their government loans to Ginnie Mae(GNMA) then they may not require you to have the two appraisal and additional procedures because its not necessarily a GNMA requirement but rather banks on the front lines trying to reduce their risk and requiring these additional steps from you to protect their behinds.Generally you may find that on Flips they may need the appraiser to go out and certify that the property also passes FHA's health and safety standards as well so dont be surprised (double strapped water heater, CO detectors, etc).In the past I've had to show excel break downs of work done, invoices, bill of sale's, and others too but that was back when New American Funding sold the paper to WF (not any longer =).

They lost a lot of good staff to other head coaching jobs and frankly the team has been pretty soft the last several years.