**Rent Credits Discussion**The rules have changed for mortgage origination, and your Mortgage Broker better have done 100 Lease Option Originations over the last 2 years or you are wasting your time.It is important to understand that only the portion of the monthly payments that is above market rent can be considered as a rent credit towards the down payment.

I have a number of sites so I have my own server, but that is something you can choose when you are farther along in this.Best of luck to you.Barbara

I also used to be a mortgage broker and marketing director for a mortgage banker.

So, if D&L is the broker, and you're getting a deed of trust and promissory note on a property where you're loaning money to the owner, you're on the right track.

I am a broker as well as an investor - I own 11 residential units.

I ended up with eviction attorney fees, process server fees--the only way they left was that they did not pay their water and electric and the utiity companies had shut them off--they left in the middle of the night and I got a house with smashed in doors, carpeting that had to be removed, holes in walls, a back yard that had all the trees cut down, and a garage full of junk that had to be hauled.

I wanted to get some conversation going about the "4 Loan" rule that the lenders are sticking with at the moment.Keep in mind that I am talking about direct lenders/mortgage brokers, not hard money or other more creative owner financing in this topic.

I'd guess it will be much more difficult to do quickly, based on things my mortgage broker has said.

In fact the broker of the agency the agent works for really does not appreciate their agents holding back on listings.

Hello everyone, my name is Lenny Reddic and I live in knoxville, TN, I am a mortgage broker and am looking into starting wholesaling.