Jake,How about more details.

can you explain please in detail what you mean when you say try to get it low enough to meet my buyers criteria and make my spread while leaving meat on the bone?

@Renae Bliss Have you found any new information or details regarding reciprocity license ?

If the agent is diligent about your having all the proper paper work in place is most likely someone who is on top of things and will be very informed when it comes to details.

I also make a detailed list of everything that needs to be done and place a price next to it.

I read on Fannie Mae that to qualify you either need to be a big shot company with $5M in assets or a qualified investor ($200K/yr income for past two years or $1M net worth not including your primary residence).I may have read this wrong but it seems to me you cannot even find out the details of the program (such as the discount) until you are qualified and you cannot qualify unless you a rich.

Feel free to ask for any additional details.

There are so many components that go into these calculations that the "devil is always in the detail".

See also this government sponsored entity document for details... page 216 under 'Limits on the Number of Financed Properties'.

The rest of the details are relevant, rate, term, balloon.....You're off to a good start.