Can anyone offer further insight as to what we should expect for closing cost, with respect to a conventional loan for simplicity? The BP calculator expresses 1-2%, but I have heard more like 3-4% to be on the realist...
How much equity do you have to have in your home in order to be eligible for a home-equity loan? Is it a minimum of 20%, and for example if you have a home worth $200,000 and you owe $160,000 but have $40,000 in equit...
So I emailed about 7 lenders yesterday and got replies back from all of them. After reading 2 of the emails I began wondering about these fees and when they are due. This is an excerpt of 1 of the emails I receive...
In the realm of finance, understanding the intricacies of various loan options is paramount for both borrowers and lenders alike. One such type of loan that plays a crucial role in commercial real estate financing is ...
Does anyone know (or have a rule of thumb) of the cost differential of closing cost between a cash buyer and a mortgage buyer for a personal residence?
Is this guideline standard practice across the board or does it change depending on the or neighborhood and area?
Found a great candidate for a first flip 4600sq/ft.
After Reno value should be in the $850,000 range
...
Maybe it's just me, but I find the USDA website to be extremely complicated and full of contradictions. So if someone could help me out with this, I would be very grateful.
1) Does the USDA rural 0% down mortgage all...
Hi,
I found a foreclosure property that I really like, and coming for auction. Do I need to have complete money in hand when I go for bidding?
What are the alternatives for this?
Thanks
rspr
Hi there! I just starting practicing how to analyze deals using the BP rental calculator - I watched the video on how to use the calc, but still have some questions (although @Brandon Turner makes it look so easy!). I...
1)How much is generally required for earnest money? Is there a state standard percentage of how much money is needed for EMD? (I live in CA, btw.) or is it just negotiable?2) Can you use a credit card to pay for the e...