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being charged 5.125% mortgage rate for credit score of 845.
Hello,
I am buying my first out of state investment property in PA.
3/1.5 SFH.
Purchase Price is 110k , needs a new roof, some TLC. Planning for 20 % down.
Similar fixed up properties there are going for 150-1...
Jon Binder
Credit Union Charging LLPA fee for a non Fannie/Freddie Mortgage?
Hello,Background: I am in the process of purchasing a new principle residence. I am using a local credit union for financing and putting 10% down. Originally, the credit union was planning on financing under Freddie/F...
Kim Hopkins
Is It Typical for Mortgage Broker to Charge Fee on Refinance?
Hello!We have a great new mortgage broker but I was just reading his engagement letter and they want us to agree that we will pay them another fee if we REFINANCE with the lender they've introduced us to within 5 year...
Amelia G
What to include in 50% costs & can you charge double mortgage?
So I may be confused on the 50% rule because it just might not work for mid-priced properties in the Las Vegas market or I might be misunderstanding the concept. For example, mortgage/HOA/insurance/taxes on an average...
Chris Iley
Rental refi, but mortgage co. to charge 18% in fees on 100k?
So i own a rental, in the mid-west, for about a year now and trying to do a cash out refi using only the income from the property, $2000 per month, and not any personal income. Home was purchased for cash in an LLC. ...
Eron A.
How is it ok to charge PMI when a mortgager already has 20%...
How is it ok to charge PMI when a mortgager already has 20% equity in the house when they buy it? Where is the logic in this? In a foreclosure, is the lender not entitled to that 20% of equity?
Sounds like the lender...
Rafael Floresta
Help me figure out the BS charges on the closing costs my mortgage:
Here is a scan of my closing costs. I know a lot of those are legit, but the settlement charge seems really high, and also the survey. And the Document preparation fee, seems BS. I am already paying for real estate a...
Account Closed
Twelve charged in mortgage fraud scheme - Lying on an Application is a Federal Crime
Play Nice or Pay the Price!.
"Don't mislead, don't do taboo and don't you run, with those that do"
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ATLANTA – Twelve defendants have been charged in...
Are new construction homes a good investment right now? Well, that depends. If you want a lower price for a property in a better condition, with a lower mortgage rate and the ability to charge more rent, then new cons...
Screening tenants is a necessary but expensive part of real estate investing. In some cases, property managers charge as much as one month’s rent to place a tenant. What if there was a way to build a pool of high-qual...