My main issue is that the lender is claiming if I don't close by the 25th they are going to charge me 1.5bps per day until we close out since the rate lock expires.

Gas station employees, mechanics, landscapers, and many others work in close proximity to petroleum products on a daily basis for decades and they don't experience health issues as long as they observe basic safety measures like washing their hands.

Is Statesboro close?

You will need 20% or even 25% down plus all loan and closing costs to make the loan happen.

Hi BP Community, need your advice.I'm closing in on my property sale in early June.

Thank you Carl for your input, I will go through the software's you suggested, our portfolio is close to 70 units. 

Another local bank forced a client I've worked with to close two credit cards as a funding condition.

You can also get a lower rate on a 30 year fixed and even though its a 30 year loan there is No prepayment penalty so you can pay as much as you want but not obligated to pay more.A Heloc is a credit risk and can "never" be used as an asset or PITI reserve which is required when buying additional properties.

I was wondering if there is a way to put an even lower amount down without occupying the property? 

Add: For the following year, we pivoted to MTR and LTR strategy since we found a good situation where our neighbors parents from out of state needed a place to stay close to them and the grandkids and has been staying at our place since 2023.