I think I'm being scammed I'm supposed to close on a house with tons of equity in Holbrook MA but it seems a little sketchy to me nowHe's a hml asking for a 1% insurance fee is this normal If there is anyone else interested in funding I'm running out of timeThanks

It's always easy to "match" because there is nothing to match, I just call a pig a pig and send them a revised Loan Estimate with the deal structured with LPMI like they asked for.I have seen "no PMI" adjustable rate mortgages, and the bumped rate there looks 'normal' because it's a normal 30 year fixed rate... but on an ARM.

@Sohrab Ansari do you have a w-2 job and did you normally receive refunds before 2013?

Obviously need to shop around if that's normal at other multi-family's in the broader area since there aren't a ton of comps in this specific community.

Usually portfolio loans are more flexible on the qualifying part of the loan but they normally require a higher down payment, higher rate, etc.  

More general question -- is it normal to make offers with no expiration date?

I dont normally wholesale properties that are out of town so this is a little strange for me.

I think that in general, the hording is not normal use of the unit and as such, any costs associated with cleaning it out should be deductible from a security deposit but marketing, despite the eviction, for a new tenant is normally an owner expense and would not expect it to be deductible from the security deposit.Oren

But that is normally done on multifamily or commercial.In single family, it is probably not worth the effort for either side.

I don't have any insider information in that regard (or I'd be on Wall St sipping champagne with Warren Buffett), but we've been spoiled into thinking 3.5% to 4.5% is 'normal' since 2012 or so.