`(i) Premiums- For each refinanced eligible mortgage insured under this section, the Secretary shall establish and collect--`(1) at the time of insurance, a single premium payment in an amount equal to 3 percent of the amount of the original insured principal obligation of the refinanced eligible mortgage, which shall be paid from the proceeds of the mortgage being insured under this section, through the reduction of the amount of indebtedness that existed on the eligible mortgage prior to refinancing; and`(2) in addition to the premium required under paragraph (1), an annual premium in an amount equal to 1.5 percent of the amount of the remaining insured principal balance of the mortgage.

If I were to do something like this, what should I be aware of and what pitfalls should I look for.What he's looking for:Investments in the 30K-40K range (you're welcome to invest more if you like)12-18 month term What he's offering:13%-14% returnPaid out monthly Here are the highlights: -Business is a boutique lender looking to expand capital-Provides short term loans to builders, both commercial and residential-Long track record of success -12-18 month term-Offering 13-14% annual return, paid monthly-Your money would be held in a real estate attorney's trust

I also was the Director of Sales and Marketing for a national lifestyle publication and under my direction their annual revenue went from $750k to $1.6M in 3 years.

That's 4.2% of your annual gross scheduled income.

"Bad debt" buys stuff/junk that either incurs meaningless debt service or is "wasted" from a financial independence perspective.If you buy some income-producing property where the annual loan constant times the LTV is less than the capitalization rate you will get positive cash flow.

Most traditional credit card companies – even those that charge an annual fee, won’t want to touch you right away.

This is considered the largest annual decline since the last recession of 2001 when banks started tightening credit.The Federal Reserve also conducted a survey in April this year of senior loan officers which reflected that 55% of American banks had tightened their lending requirements for commercial and industrial loans to small and mid-size businesses. 70% of those surveyed said they have made the loans more expensive.With the Federal Reserve trying to keep interest rates low so that money is available to jump start economic activity, the banks are not going along with the plan by holding on to their money.

Take the annual actual returns after all expenses, divided by the total cash invested.

Resulting payment is per period.So, annual rate is 7%.

I've seen annual RE taxes in Philly as low as $120.