I'd argue it's always worth locking in a lower rate. 3.7% of the total ReFi amount sounds like a no-brainer if you ask me.

No matter how much you prepare, doing something new is always a little scary. 3.

Again, be prepared to call A LOT

Hey @Laura Hildreth I know on BP Podcast show 463 Brandon Turner talked about preparing to buy your first property in 90 days and doing a 90 day challenge then. 

That is the one that is locked and wrong.

I was granted immediate possession of the property but no lock out until July 31, 2021.

It will be better if you cash out refinance and payoff another mortgage that has higher rate and lock the rate for 30 years Fix.

@Thomas Kelly - I'd say there is only one way to find out ;-)  I would go ahead and lock the property up under contract and blast it out to see what sticks.  

I've done tons of research and reading to prepare myself for my first deal in this area, but would like to seek out the advice of fellow BP members to ensure I make a sound investment decision. 

If that’s not you, I’d be very cautious going no inspection contingency unless they have had a very recent inspection and provide you the report upfront.No appraisal contingency will have financial implications if it doesn’t appraise that you need to be prepared for.