Most of the common and standard terms in California residential mortgage are no point, no fee, no prepayment penalty, fixed 15-, 20- or 30-year term at certain interest rate with little gap in between APR vs.

I don't know if this applies to you, but our place needed a facelift, but the property showed much better online photos and we were able to increase the nightly rent during ski season. 

The ski resort is almost empty.

Your LO should be able to tell you what they have to offer, help you apply for a loan, and after you’ve qualified, they can give you a pre-approval letter.

@Tom SillerHere are 12 steps to take to sell:Hire an agent who knows the market.Set a timeline for selling your home.Get a pre-sale home inspection.Don't waste money on needless upgrades.Get professional photos.Put your house on the market.Set a realistic price.Review and negotiate offers.All the best!

I wound up putting down a bigger down payment out of choice: California Bank & Trust 50-60% LTV 2-3 years interest only followed by ARM Amortized over 10 years 6% APR w/ 0 points currently BBVA Bank Up to 80% LTV 2 year term Amortized over 15 years 5.5% APR w/ 0 points currently Banner Bank: 75% LTV 15 Year Note, Fixed Rate or 3/1 ARM Amortized over 15 Years 5.5% APR w/ 0 points currently FHA One Time Close 96.5% LTV 15 or 30 year fixed rate Must complete construction within 1 year Max Loan Amount limited by FHA lending limits per county US Bank Up to 80% LTV 3/1 ARM Amortized over 30 years 5.75% APR w/ 0 point currently HomeStreet Bank has a similar loan to US Bank's.

Mentioned, proof of funds is used to show that you have all the funds needed to do an all cash deal.Could be either bank statements with account numbers blanked out or a letter from a bank branch person stating you have the necessary funds in your account.If you are getting financing for your deals, then you need a pre approval letter stating you have the budget for the deal.Theses are usually required when submitting offers.

So I went to my bank just to see what kind of rate I could qualify for and I got pre-approved at 4% interest rate and 4.35% APR.

The worst was when I bought a pre-assembled grill and had to un-assemble it to (barely) get it all in my car.

As I'm proceeding with my first  Rental house investment; the loan will have a fixed 4.82% APR for 30 years, and 30% down which will be $75,000 + closing costs.