Lending to a flipper is much riskier and carries a much higher risk premium than owner-occupied loans, which currently carry a National Average according to unbiased publication Mortgage News Daily, of 7.13%.

The acceleration of low rates has faded and we find ourselves similar to our previous norm for growth.I don't pretend to possess a crystal ball, no investor or agent could, but drawing on my experience in the daily dynamics of the market here in Raleigh, and looking at the facts, a price drop seems unlikely in the next few years.

I guess the same could happen in a hotel but what I'm getting at is things can become challenging when one party is on a vacation schedule and the other party is on the 9-5 daily grind schedule. 

Use your corrected Attorney created written application to allow you to ask their bank for the overdraft & daily balance history.

@Lou Bar- thanks ...all lenders should be in the same ballpark  with pricing options  BUT .....they  will likely also vary ....best thing to do if needing a loan is to contact several lenders on the same day / use the same  criteia /  get  quotes for the scenario and  then make a decsion on using  one for the loan or the  pre approval ...also keep in mind that loan pricing  changes daily 

We have policies, systems & processes in place to handle the volume of in-bound communication we receive on a daily basis.

There are plenty of them out there, they just aren't talked about here on a daily basis. 

There were daily issues and when they didnt complete the job, nor complete it properly I went to his office to complain.

This can also be a real estate agent who is familiar with the renovation process, and might even be the same agent as you use for #1 above.Long story short, if you can't be there personally, you need to ensure that there is someone who has a holistic view of the project on-the-ground and looking out for your best interests on an almost daily basis (and this shouldn't be the contractor).

Hi Everybody, I am a lender in the DFW area and work with investors all around the country on a daily basis.