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Are origination fees different across the board and is there a cap?My estimate was 4.8% rate conventional bank statement loan was high but was okay with it. Now it's coming back as 7.2% when they sent the paperwork an...
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Hi - are there any broker's here that originate non QM mortgages?
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What's going on BP family?! I am currently active-duty Marine Corps & I get out in 4 months. I’m working on getting my license to become an MLO. I'm just curious on the habits I need to develop, habits to stay awa...
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If a person owns a property outright for say, 100k FMV, could they create a note on this for say 50k @12 % for guaranteed 5 years without prepayment and sale it. Also, is there a way to "wholesale or flip this note" ...
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What is the difference between loan servicing and loan origination?
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Hey guys,
I was wondering if anyone had any recommendations of RMLO's (registered mortgage loan originator) that work with investors to originate loans for subject-to wrap deals.
Thanks for the help in ...
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I am, like other, attempting to do a seller financing, but need my private mortgages originated by an originator/mortgage broker. Is there anyone that can help me track down an independent loan originator what so ever...
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Hello Everyone, I recently got my MLO license and I am having some trouble generating leads. I have tried cold calling, but minimal luck. I am assuming the leads are just pretty bad. I am debating whether or not to bu...
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I understand that the loan origination fees are amortized over the life of the loan, so if you get a hard money loan and paid $3000 in origination fees, you would create an amortized asset with a 1 year life span, bec...
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Hi All! I hope you are all well and safe during these times. Just curious what the pros/cons are of being a real estate investor and a loan originator for your own deals?