Varun Parkash
$3000+ in Loan Origination Charges - Closing in 2 weeks - HELP
Hello Folks, i am working with a major bank and they have charged me $3024 in Loan Origination Charges for a 250K loan.$1234 = Rate extension lock fee$1357= Prepaids$477 = Appraisals$1095 = loan processing feeThey too...
Hary Askenazi
Original fee for managing members of llc for multifam investment
I have invested in a number of multifamily deals via 2 different companies. One of them presented a new deal to me but I see there is an "origination fee" of 1.5% that goes to the managing partners of the LLC (they al...
Page Huyette
Must I use an originator for a private seller deal?
I've done a lot of cut and pasting Edward Scissorhands-style of many posts on BP that address seller financing, but there are several differing opinions on the topic of whether or not it is necessary to use a mortgage...
Jarid S. Johnson
Help me analyze this deal, original for sale price $630,000
View report*This link comes directly from our calculators, based on information input by the member who posted.
Grey Drummonds
Buying a home as a new Mortgage Loan Originator (Commission)
Hello BiggerPockets Community,
I am about to graduate college and pursue a career in the mortgage industry. As many of you know, the mortgage industry tends to be all commission (with salary for new loan originator...
Steve Hiltabiddle
My LLC and my SDIRA - Origination fees for my LLC
I have a question about using my LLC to originate a loan that my SDIRA will fund. I will not be lending to myself but to qualified party so as not to create a prohibited transaction.
My question is, since my LLC is...
Jack B.
Should I put original appliances in or leave it alone?
New tenant thought there was black mold on the rubber seal of a front loading washer. I posted about it here. I never got any mold with bleach and a paper towel or scouring pad, completely white, no signs of mold. The...
Lisa Clouse
9% interest only for 1yr and 1% for Origination fee
HelloI am looking at getting a few properties through a turnkey provider and the lender has quoted me (new invester) 9% for a year interest only position and 1% for the origination fee. Does that sound reasonable?
Sean Dezoysa
Is this a fair fee to charge for loan origination?
Here's the scenario: A private lender is seeking a mortgage company to handle loan origination for his loans. The private lender has his own list of lendee's, so the ONLY activity the mortgage company handles is the ...
Rogers Smith
How do I use the BP "Originally Posted By" thingy
I see it all over the forum where members refer to something said by another member, and it says "Originally Posted By...". I've searched the FAQs, the tutorials, and I cannot find out out to cite other members' posts...