These "back end" points, as they are called, can be thought of as a reward or bonus for the broker selling a loan that makes the lender extra money, such as an interest rate slightly above market.Consider this example:Let's say the current going rate for a 30-year fixed rate mortgage is 4.5%, paying ZERO points.

Business Travel Basics A business trip is an opportunity to do productive business while earning substantial deductions.

Justin, A few questions for you:You state that your offer is $50k and rehab is $22k for a total of $72k, yet your loan amount shows $90k, why the extra and who will fund more than 100% of acquisition plus rehab?

If it's me personally, I'd pull the cash out, set your rate high and using the extra interest to pay for PUA's on your policy.

This duplex that I'm looking at is about the same price as a Honda Accord with the extras here.

Bc you know where the seller is, and I'm assuming he's willing to sign papers, it should only take a few extra days...

It cost me 240 bucks a year to join and they wanted me to pay extra to shop my deals in front of the room.

I risk some calamity with the economy, etc. if I hold off, but I expect to make an extra 15K or 20K (if the appraisal doesn't screw me up) if I wait.

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Our current plan is to just apply all the net rents (cash reserves already established)and all the extra money from our paychecks to pay the debt off in about 12 to 18 months.