Hi Tim,10% @ 80% LTV is certainly more than reasonable for HML to a borrower with no experience under her or his belt.

., what you'd normally send to a borrower as a payoff) plus the trustee fee (the fee owed to the attorney conducting the public sale).

This clause stipulates that if the property is transferred from the original owners/borrowers, then the lender reserves the right to call the loan due and potentially foreclose on the property if you aren't able to pay off the loan.  

Normally the investor will have to make this attractive to the PMI Company by placing a large deposit towards the purchase of the property.If the lender sees that the borrower has equity and is making serious efforts to market, the property the lender will generally delay foreclosure for a reasonable time to allow the property to sell.The lender will probably require the borrower to make full or partial payments during the marketing period to keep the overdue balance from growing.You as an investor can front all the cost as part of your purchase agreement.

Because DEMAND drives prices;I've watched & Participated in the marketplace here.I practice what I preach.Borrow $$ 4 2 things & 2 things ONLY;A-Your primary residence, &B-to make MORE money than the Interest on that which You borrow.4-for the folks stuck in the "stinking thinking"(eg:how mich Bigger of a "schmuck" than me will the next guy have 2B?)

Hey everyone, we just found a new site, created by the founder of E-Loan, called Prosper.com. The site allows anyone to become a hard money lender. People needing a loan can submit their project/need, and people (le...

I see it from my viewpoint- this weekend my borrowers in Raleigh and Charlotte bid against 38 pre approved or cash offers.   

I mean its not a bad loan considering we are borrowing the money for free given that the national inflation rate is in the mid to upper 5's, and in Houston, Tx our inflation rate according to the Chapwood index is the high 8s and low 9s. 

@Greg Larson- partnering can be a  OK idea  but  it ca also be tricky ....if you do this -  seek out a  real estate  attorney to help  draft up an agreeemnt that  covers all bases .....also  on a FHA loan - a non owner occupied  co borrower /partner is not  usable 

Since I'm the borrower, I pay for the appraisal.