I recently moved to Top Producer Websites to allow me to get MLS search and lead generation connectivity easily.

There is no way to determine how much a broker/lender earns because as the other poster has indicated, there are several ways for a lender to earn his/her livelihood...Junk fees, YSP and SRP are just a few ways lenders generate income per loan...Further complicating this issue is the current disclosure laws in place; brokers are required to disclose YSP, while lenders do not have to. 4.5% is ridiculous regardless of loan size; I bet your current broker loves you!

When I buy a rental property, I know exactly how much cash flow it will generate and exactly how much equity I will have starting day one.

I do agree with r2d246 that rentals are the best way to generate income and build wealth over time, but I think starting with a large apartment complex is an invitation to disaster.Mike

What forms should I have ready so he doesn't have to completely generate everything?

Here's the dialer I'm thinking about starting with.http://www.autodialerplus.com/autocommunicator.aspAlso, is anyone generating leads using adwords?

I have 15K still available for additional closing costs in the bank.mortgage broker wants me to do a 40 year mortgage on a loan for 185K.He thinks the interest rate would be 6.75%, claiming that my down payment of just 5% and median fico of 720 and income (800+wk after tax) combined generate 6.75% for a 40 year.

It cannot generate a decent rent roll, it can’t manage tenant information, etc.

That apartment building will generate a ton of spendable cash for you each month, after all expenses and debt servicing.

What forms should I have ready so he doesn't have to completely generate everything?