If you have a sizeable lump of cash to put on principle, you may be able to recast the loan for a much lower price than refinancing - Usually only a few hundred dollars.Recasting is not always allowed, it varies lender to lender.  

Again, these fees vary from state to state, and from company to company.

I lived in North for 4 years, and it varies block by block.

Most of the time (or at least mine) quotes have limits as to not have the owner expect more than what is quoted, say for tiles, it is limited to $4/sf, for mid is limited to $2/sf, and that means tag prices are 10% to account for sales taxes the logic is the installation is the same but finishes can vary widely, another is a faucet can cost between 100-1000.

Hey Everybody, I am a college junior getting my studying for my degree in finance and hoping to pursue a career in real estate/development.

This may vary by city/state, but in California, the landlord is required to make a rental unit habitable.

Hey Wesley, Thanks for your reply, I know numbers vary based on assets and location, but what would/do you rent a detached two-car garage for?

If I've built a relationship with someone in this real estate arena, it's because we demonstrated to each other we are trustworthy to some degree, and in order to maintain that relationship, we put effort into maintaining that trust. 

The thing with Jumbo products is that each lender can make up their own rules - which result in a variety of qualifications that vary from lender to lender.For your specific example under today's conditions (8/8/2022), a $3M Purchase Price at 20% down will get you the following: - With a 740 Credit Score: 6% interest with about $200 of lender credit ($6000 in lender credit if you have an 800)- You will need 18 months of reserves (PITIA of the new property x 18)- Likely 6 months of reserves for the departing residenceLike others have mentioned, you should shop around for Jumbo products since some lenders have opportunistic terms that are dependent upon their investors at the time.

Use varies throughout the year.