I told him I expect that she is not living there and in 3 months I'd be calling him to schedule an annual walk through.

I believe it's fine, however agent is required to disclose kickbacks and tell clients they are not obligated to go through that attorney if they don't want to.Also keep in mind agents usually are not allowed to receive money.

This helps when you see a property in real life because you can then run your numbers immediately through the pro forma before you need anything from an agent.If you're offering on a buy/hold property, you can make an offer before receiving a CMA or the ARV.

I actually received my pre approval letter today.Interest Rate 5.25%Term 5 Year BalloonAmortization 20 YearYes, you are right.

I have a young couple who are unemployed but say they receive money from scholarships that they would use to pay rent.

=CUMPRINC([Rate],[nPer],[PV],[Start Period],[ End Period],[Type])Defined:Rate = 5% (divided the rate by 12 annual payments so '5%/12')*nPer = 360 (amortization)*PV = $75,000 (original loan amount)Start Period = 1End Period = 12Type = 0 (payment made at beginning of period)** - these ideas just need to match.

You will have continuing ed requirements annually.

You don’t know how this guy received the note.

You should have simply assigned the LO, received your fee, and moved on to the next deal.

Last quote I received their rate was a little over 6%.