No monthly fees, just a flat rate per year, per transaction.

They are responding to facebook linkdin and bP PMs where the adds are simply to good to be true  so they get sucked into thinking there are actually loans at 5% for hml  or that NO down payment is necessary or that NO credit is necessary etc etc.. while it could happen for very experienced repeat borrowers  everything but the interest rate that is. 

The first home was a 10/1 ARM at 3.39%, we anticipated paying off the home in 10 years so we took the lowest rate at that time. 

Everything I've done to date is with LOC financing ... and for the first time in 20 years I'm feeling the pain because of the rates. 

Still a great market for owner occ/house hack, but again it's not a high income area so rental rate is going to top out a bit in my opinion. 

Moreover, Kentucky generally boasts lower property taxes and insurance rates compared to many other areas in the country. (2020) #3 Cities with the Best Work-Life Balance, SmartAsset, (2018) #3 Best City with the Highest Salaries and Lowest Costs of Living, GoBankingRates, (2018) #1 Most Affordable Cities for an Early Retirement, SmartAsset#3 AppreciationLexington stands out as one of the few cities in the nation with an Urban Service Boundary (USB).

The lender worked well but I had to shop him to drop the rates.

If rates really are going to come down it seems the 5 year ARM might be the smart play here but I’d love some experience to weigh in.

Don't forget to negotiate, factoring in potential repair costs, and research neighborhood aspects like crime rates and school quality for a successful investment.

It was month to month.I gave 30 day notice that the rent would increase to market rate, and he could move without 30 day notice if he wanted.