They are correct in that the government has put this in to place in order to "help" new homeowners get a good deal, at the expense of the financial institution truley getting it's best price for a home.

You're a RE investor if you visit this site and have no business dealing with these moronic institutions.

Conversely, most private lenders charge institutional rate and will charge 1-3 points, depending on how many brokers are involved.

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. * Section 201.102 of the Texas Finance Code requires an out-of-state financial institution to register with the secretary of state before opening a branch or other office in Texas. * It has been the practice of the Texas Department of Insurance to refuse a non-resident agency license for a foreign entity unless the entity has registered with the secretary of state.

She discovered that the FM owned home was turned over for auction on 8/3/11!

Talk to everyone you know and everyone you meet about what you do, and you may well discover some people who might be interested.

Due to the fact that lending institutions operate in a world of risk they are going to view everything from a worst-case scenario standpoint meaning they are going to look at your ability to cover the $900 mortgage and any additional mortgages they approve.

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