Make sure it explicitly explains the process for termination if you are unhappy with their services, especially if they violate the terms of your agreement.3.

Before people get in my DMs or up in arms about how important interest rates are please take a moment to read in its entirety to understand what I mean.As a mortgage broker and banker, I often hear that a client of mine is "shopping" interest rates. 

We had a huge downward revision to the BLS jobs growth figures, the Fed minutes explicitly said that a rate cut on Sept 18 was likely, and average mortgage rates moved below 6.5% (and are now 1% lower than they were a year ago).July housing starts disappoint.

Just got done reading the entire thread, so what is the conclusion who are the reputable lenders with a closing track history that can be verified that lend 100% without charging an arm and a leg to good qualifiers with good credit and income?

I understand there’s some nuance state-to-state in terms of deed of trust usage vs. using a mortgage for the second lien position (our investor in this case).So that we can arm ourselves with the most knowledge going into discussions, could anyone advise what the setup process actually looks like here?

@Naomi Spira  not real tough to prove these are not valid arms length leases.market price is double leases done 3 days before foreclosure sale slam dunk

Instead, go with something like “I’m in the neighborhood handing out” as you extend your arm to give whatever it is to them.

Theyre just ARMs with a different name and a one year adjustment period.

Even lending to an LLC, which Dodd-Frank explicitly excludes, will get you hammered if the intent of your borrower is to use the property as a personal residence.For example, you could make a real estate loan against a gas station.

A lot of accountants now say that it is perfectly fine as long as it is documented as an arms length business like transaction.