On SFR, your refi will be limited to the lesser of: (a) 70-75% of new appraised value, and (b) the total of original purchase price and closing costs + prepays on the new loan.

Here are the logistics of the property. 4plex3 2bed 1 bath - $4751 1bed 1 bath - $400Coin Laundry - $75Monthly Gross = $1900(one unit currently empty, two tenants long term older people)Expenses (that they gave me) Insurance = $1891 (2013)Prop Tax = $1684 (2013)Snow/Lawn= $1220 (2012/13)Garbage = $700 (2012)Utilities = $1550 (2012)Heat = $2000 (2012)Total Expenses = $9045 ($753.75/monthly)Cost $125,000.Needs new siding (not going to repaint it), and paint windows.

Natasha Hylton I didn't think you were actually going around the realtor (trying to take their business), but that you didn't want to use one and prefer to save the commission, which I totally understand, but you have to be prepared to do all that they do in that case.

I can get away with working 20 hours a week and I basically set my own schedule with total anonymity.

I totally agree with Andy and Jon, however, to provide another source try express.realquest.comThey have a per-inquiry rate which may not show on their website, but if you call them, they can sign you up for a per-inquiry instead of per month plan.

I totally agree with David.

Sorry I forgot a few things.

I totally understand the "trust" issue.

Those are totally unacceptable rates by any measure.

What was your total cost per letter?