Daniel Toshner
Refinance questions
5 October 2016 | 4 replies
A general gauge for the cost of funds is approximately $500 dollars per month for every 100,000 loan amount obtained.
Jason House
Unsecured Business Financing Discussion (Chicago)
5 October 2016 | 1 reply
Im currently in the process of forming my business entity and I would like to begin networking with individuals who have used these types of funds for projects as well as assist me in obtaining them for myself.
Ken Van Haitsma Jr
Keeping Momentum
6 October 2016 | 8 replies
Having an "emergency fund", is a great way to go.
Mark Douglas
When is it worth going to court?
12 October 2016 | 21 replies
Imagine having a fund all landlords contributed to, set up by landlords, to legally process all evictions and collections.
Cameron York
Forclosures on non performing notes and its process?
13 October 2016 | 22 replies
They can often start calling the day you fund and you can have an idea on which way your deal is going to go before the servicing ends up being transferred.
Amer Sunil
Buying 4 plex with below market rate and section 8 tenants
5 October 2016 | 1 reply
Is the process to raise rents complicated for section 8?
Jeff McIntyre
Using a HELOC for down payment/closing costs
5 October 2016 | 4 replies
My question is do I have to transfer funds to my checking/ savings account and let it "season" for 60 days before using it for down payment/closing costs for the purpose of getting a mortgage?
Rajeev Vibhakar
New member from Denver CO
6 October 2016 | 5 replies
have my own source of funds so can close fast if needed.
Jesse Houser
Financing with Hard Money
13 October 2016 | 3 replies
As such, we don't really have funds for a down payment towards a property.
Pandu Chimata
2nd home loan by FHA
10 October 2016 | 6 replies
There are many ways to pay PMI:- LPMI - lender paid MI which is a fancy term for taking a bit higher rate to absorb the cost of monthly MI for the life of the mortgage, depending on your credit score it may take .125%- .50% more in rate to absorb your entire premium for the life of your loan- BPMI single premium- similar to the above it eliminates the monthly MI premium for the life of the loan but BP part of BPMI stands for "borrower paid," so as you might have guessed the borrower pays this premium in a cash sum at closing either from their own funds or seller concessions they've negotiated from a seller or a gift from their giftors -BPMI monthly or split premium - MI can also be paid as monthly MI which is the stereotypical way to pay MI and it can also be paid as a split premium or hybrid whereby the borrower pays a good chunk upfront to have a greatly reduced monthly MI payment.Most people take LPMI and absorb it through the rate via LPMI to eliminate MI for the life of the loan.