@Walchli DonnaAs an fyi next time you do this use a licensed loan servicer and charge it back to the borrower - it’s $25-$30 / mo and they handle all the payments and loan balance as well handle all the tax documents as well.

With cash value life insurance whatever is left after paying salesperson's commissions is earning a nominal return, you don't have the ability to invest these funds (unless you take a loan from the policy, think of this, you have to borrow your own money and pay interest to the insurance company on the loan!

Deciding if it was a borrower's homestead could be difficult.  

The borrower purchased the subject property at a VERY HIGH PRICE.

Or to pay for a repair, you can’t provide it, you can’t borrow it, etc etc.

Rates have dropped back to the low 6s, depending on the lender and borrower.

If they DID redeem, what would they have--usually a house that is not habitable and cannot be made habitable without an infusion of $30,000 to $40,000 that the owner does not have and cannot borrow. 

So I know with the BRRRR strategy you start off with either your own capital or borrowed capital until you can refinance.

The property has an existing mortgage, and the owner has borrowed against the home's equity.

Truthful borrower packages2.