For example, 7.5%.3) The difference between the 7.5% and what the actual rate would be (3.75% + SOFR = 9.33% - 7.5% = 1.83%) is then accrued for the lender and collected on the backend, before LPs receive any principal.Counterintuitive but lenders are more likely to modify into the terms above if there's no common equity left than they are if common equity remains.

The #1 reason people buy a home, SECURITY, via accruing equity.

My question is whether we can hold the mother/son liable for the unpaid rent that has accrued since September to date or did their responsibility end when the tenant of record died.  

and they lent 100% of acquisition and rehab and accrued monthly payments so all U had to do was pay for utls ? 

I know this is a risk but it allowed him to catch up and I told him that if his late fees accrued more than 20% of security deposit he would have to pay them off immediately or terminate his lease.

Please let me know what system you have set up through Cozy to collect accruing late fees.

.- Accrue money and buy your first property, get into it with little/no money, house hack, etc. - Join a TON of groups.

From there we go into a cycle of equity accrue, plan a future liquidation of properties, tapping such gains, 1031 profits (if no Biden) into a singular Class B/A commercial residential complex, say around 200 units.

In addition, I had to pay an additional 1% down payment so that there was time for the loan to get transitioned to the final lending institution before interest accrued and exceeded the max approved credit limit before I had a chance to make a payment.

Originally posted by Account Closed:So, having never been a homeowner before, I'm wondering aside from the down payment, what are the other costs accrued in the home buying process?