Paul Bame
VA Refi- Need some advice
I am in the process of refi my VA loan, and the closing cost are taking up almost half of the equity. It just seems like a lot of fees and I am not sure what is really needed, and if there is better out there.I have l...
Randy Philpot
Cleaning fees at STR's
I am trying to run financials on various STR markets (Smoky Mtns, FL Panhandle, etc.), but I am having difficulty determining average cleaning fees. I know this will vary based on the size of the property, but is the...
Wen Chen
Questions about tax write off's for rental property
I just bought my 1st rental property last year and need some help with what costs to file for tax return.Turbo Tax asking to escrow fees for following categories:Abstract and recording feesLegal fees, title search, do...
Gary B.
Fraud by manipulating Bank's LOI by Broker
Hello Fellow investors,
I am working with a broker for a loan on multi-family property. Broker photoshopped the Bank's original LOI to reflect higher origination fee. Later when he slipped through his fee, then he s...
Sam Clemons
Do these closing costs seem high?
The total loan is 135k for a 180k property. The loan originating fee of 3.4k seems high. My closing costs are almost 9%. Does this seem normal?
A. Origination Charges$3,412.5001 % of Loan Amount (Points...
David Coronado
Am I getting ripped off with my closing cost?
Hi BP,
I’m currently in the process of remodeling my second house with a 2 in 1 loan (construction and refinance). I’m planning on adding square footage and several bathrooms.
Once the construction is complete the r...
Nnena O.
when is a mortgage too expensive?
I paid cash for a duplex in Pittsburgh, then applied for a mortgage under the delayed financing exception that I learned about here on BP. I am trying to figure out if it is even worth it to go through with the mortga...
Minh Nguyen
Mortgage Broker Red Flags
I spoke to my very first mortgage broker today (referred by a friend) and as soon as we got on the phone I was immediately bombarded with questions about my situation while any question I had about our relationship wa...
Jimmy Watson
Cash Out Refi on Primary - What I'm Being Charged
Hello all! I am pulling cash out of my primary to fund a couple of buy and holds. Those of you in the know, if you wouldn't mind taking a look at these numbers? I feel the total cost to make this happen is high, le...
Austin McDonald
Looking for help analyzing closing costs- first Investment property!
Hi, I am newly under contract for my first investment property, a duplex we plan to live in and rent out.
I just got the first estimation for my loan/closing costs, looking for any assistance on analyzing if these c...