Further to which, bank initiated the expedite appraisal to the appraisal company however couple days later Shelter-in-place order was effective because of which appraisal company kept the appraisal request on hold.

@Pete Harper As of last week, I would have told you that you could probably match/beat that rate but on a 30 year fixed rather than the 5/1 ARM for a similar commercial/private product but any loan like this will need to be revisited in the next couple of weeks as non government backed lenders across the country (without exception) will be making modifications to their pricing/guidelines based on the domino effect caused by this stimulus package. 

Hey guys,I'm new to this and might need some help with writing a simple a effective letter to seller regarding an offer that I've made.I just submitted my very first offer and really want to make a statement that I love the property and really wish to own it. 

My questions is if collecting unemployment would effect me refinancing on one property and/or obtaining a mortgage on another?

I've spoken to two accountants that don't believe there will be any adverse effects but my concern is that lenders will look upon the forbearance as a negative in my ability to borrow in the future.

However, stay tuned for updates in the HML/Non Conventional world in the next few weeks as the effects of the stimulus package begin to unfold. 

“Florida Governor Ron DeSantis has today announced a total suspension of all vacation rentals with immediate effect, remaining in order for two weeks from today.

No-one knows the real effects of QE and other measures the Fed and Treasury are taking.

The only thing we can do is play the game within the rules that are currently in effect.

For other real property, your election tocapitalize carrying charges remains in effect until construction or development is completed.For personal property, your election is effectiveuntil the date you install or first use it, whicheveris later.How to make the election.