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11 January 2025 | 49 replies
You will need a local attorney to close on a house.
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30 January 2025 | 5 replies
You can certainly negotiate some closing costs from the seller on the buy side.
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28 January 2025 | 9 replies
Everything on my side was set to close, and then today the seller is refusing to close on Monday as they have not moved a few pieces of furniture they were supposed to get movers for.
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5 February 2025 | 5 replies
Maintenance/cap ex, insurance, if a rental PM, bookkeeping, misc.The fact you have a loan means 1) leverage 2) equity pay down.In addition, there are tax benefits.So I will do some rough underwriting as an OO non-rental at 95% LTV (because FHA has some undesired consequences that make the 1.5% difference in LTV worth avoiding the FHA).equity paydown: 20% (using OP interest rate at 95% LTV and not counting closing costs).
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6 February 2025 | 2 replies
I have closed three loans with The Mortgage Shop.
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5 February 2025 | 9 replies
Overall, the market continued to slow with the fewest closed sales since 2016.
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6 February 2025 | 30 replies
Quote from @Ryan Davies: We have heard of them but have chosen not to close deals through them since we have found better options.
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5 February 2025 | 7 replies
The lender rep or broker you are working with should be able to walk you through each step so you have a firm understanding of what has to happen in order to get your file to closing.
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4 February 2025 | 7 replies
In those cases, the title company guided us on the necessary steps to resolve the title issues, and we did whatever was required to close the deal.