if you include the processing, underwriting, credit report, doc prep fees)75% LTV1.11x DSCR30-year term with IO for the first 10 months Prepay is unclear but assuming "Hard 60 Months" = 5% for five years (another reason this is a rough/shady TS - its not clear at all what the prepayment provision is - nobody knows what "hard" means)I don't know the exacts of the deal, but the pricing is also poor in my view, we would probably be around 8.25% with the 4.35% points or with a more reasonable 2% fee (instead of 4.35%) if at the 8.875% rate.

I'll tell you what I would pay...all day:1 - 10-12% simple interest...IO payments, monthly2 - 15-30 year term with balloon.3 - requirements:       a - Uncollateralized (don't worry, this would be much less risky for the lender than if it was collateralized...as close to risk free as it gets)       b - Minimum of $300k ($500k) loanExample #1:Loan:  $300kTerm:  15 yearsInterest:  10%Interest/Year:  $30k (12 payments)Total Interest:  $450kTotal Payback:  $750k  Example #2:Loan: $500kTerm: 30 yearsInterest: 12%Interest/Year: $60k (12 payments)Total Interest: $1.8MTotal Payback: $2.3M...and I'm NOT nuts.

You sometimes have to remove the pad, as well.If the urine soaks into the subfloor, you may have to paint the subfloor with an oil-based Kilz or other primer that can seal in the odor.

Always make sure they are quoting you the EXACT same type of loan (30 year amortized, 5 yr I/O, etc).

HELOCs that are i/o for 10 years, and then switch to 20 year amortizations, have 30 year terms.

If he does not need the cash do a IO payment  for the first couple of years then a ballon at year 5.

Stay away from the I/O, I don't care how fast they can close.Stephanie

Ok, so Im looking to partner up again (I have been trying to figure this out for a bit now). 150k duplex41.5k for dp/closing112.5k mortgageCF = 281/mPITI and expenses=1017Income = 1300Now before everyone freaks out, I plan on getting this for 15k less but want to be conservative.Im looking at IO payments of 193/m8 year balloon/payoff of his 29kAt that point I plan on having his 29k with CF over the period, appreciations, principal paydown.

You can refinance a HELOC as well, which would restart your IO/draw period, so keep that in mind when you get close to the 10 year mark.

I’ve used mine to create digital floor plans in minutes via MagicPlan, the Apple Pencil or Logitech Crayon are industry-leading tech, and there’s some exciting developments coming in the augmented reality space around real estate that will likely work first and best on iOS.