They have no understanding of compound interest, time value of money, return on investment, cap rate, or anything involving math of any sort10.

I bought my first issue in 1976 (My Killer, The Car!)

NACA could call the loan if they think you didn't make a necessary choice, they do not consider paying off credit cards as okay.Your HELOC lender can also close the line if your FICO goes down or they find out they are in 3rd position.NACA is an amazing product no down, no PMI, low rate, no fees - you sure don't want them to call the loan.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

Hello Yishi,I deal with 1st position mortgages on New Construction, I would say that investor capital can be all over the place in terms of rates. 

The good thing is that its at at 2.875% interest rate.

We are at a nice low rate on it with plenty of equity.

All in One, Ridge Lending, first position HELOCAFCU does 80% LTV on NOO.

The repair was a big hit for me, and I am now tight on cash, as I just literally moved and my wife and I are expecting our first baby so I am doing what I can here. 

While RTR cannot control any one particular builder, market changes, interest rate changes, etc. we are certainly here to offer guidance and resources however needed.