To find out the amount of the subordinate lien through the NSP program, you’ll want to pull the title report for the property.

Suggest you check in with him/her on this additional service as your attorney is already intimately familiar with the file and you can often give them pre-authorized amounts to settle on vs trying to squeeze all the blood from that turnip. 

I had a loan officer suggest to do this. I was curious if this is a good idea. It seems like a good idea, but I feel like I am missing something here. I would love to hear other's opinions on this. Thanks so much for ...

If the rental income doesn’t sufficiently cover the debt payments by their standards, they’ll limit the loan amount, even if the property is worth more.You could try a few alternatives:•Look for lenders who specialize in commercial real estate and have more flexible DSCR requirements.

Once your emergency account has a reasonable amount in it, whatever that means to you, you might want to think about steering that payroll money into the investment savings account from each pay check and leave the emergency account money as is.

Bryson: Seller Financing OfferPurchase Terms1.Purchase Price: $215,0002.Down Payment: 20% of the purchase price, equal to $43,0003.Financed Loan Amount: $172,0004.Interest Rate: 6.5% per annum (fixed)5.Initial Amortization Schedule: 12 years (144 months)6.Balloon Payment:•At the end of 24 months, the buyer will make a balloon payment for 50% of the remaining balance of the loan.

Quote from @Victor Yang: If I gift a house, what amount will go towards the lifetime gift limit, the amount i purchased the house for, or the current FMV?

You can simply request a separate check for the $100 increase to bring the total deposit in line with the new rent amount.

Is there any way I can lower the property taxes to the original amount?

My loan officer just came back to me apologizing for the oversight and informed me that the CD will reflect the right amount for cash to close.