These "back end" points, as they are called, can be thought of as a reward or bonus for the broker selling a loan that makes the lender extra money, such as an interest rate slightly above market.Consider this example:Let's say the current going rate for a 30-year fixed rate mortgage is 4.5%, paying ZERO points.

Justin, A few questions for you:You state that your offer is $50k and rehab is $22k for a total of $72k, yet your loan amount shows $90k, why the extra and who will fund more than 100% of acquisition plus rehab?

If it's me personally, I'd pull the cash out, set your rate high and using the extra interest to pay for PUA's on your policy.

This duplex that I'm looking at is about the same price as a Honda Accord with the extras here.

Bc you know where the seller is, and I'm assuming he's willing to sign papers, it should only take a few extra days...

Love writing off those vet bills...kidding ;) Truth be told, there are cases where the writing off of such expenses has been allowed.

It cost me 240 bucks a year to join and they wanted me to pay extra to shop my deals in front of the room.

@James H. speaks the truth

I risk some calamity with the economy, etc. if I hold off, but I expect to make an extra 15K or 20K (if the appraisal doesn't screw me up) if I wait.

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