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Seller financing: Mortgage Loan Originator Rec in So Cal?
Hi.I am selling a mobile home with seller financing. I am looking for an Mortgage Loan Originator who is versed with seller financing in the LA area? The mobile home is in Lancaster.I would love any recommendations? ...
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Using a licensed MLO to originate seller financing loans
There have been several threads here on BP lately about the legality issues when seller financing to consumers. New, apparently stricter federal regs are in place to start 1/2014.
I've posted before that I've been...
Bin Liu
Basement rentals, original renters want to add another adult
Hello All,
Need some advice on my particular renter situation. Currently renting my basement out to a single mother and her child since last March, original rent was $1575 (all utilities) and I saw her situation at ...
Andrew Nechayev
Does mortgage balance on original property matter for taxes?
Hello,I was wondering if using part of proceeds from sale of original property to payoff mortgage on that property can be accounted for on form 8824? Say you sell investment property A for 100,000 and you have 20,000 ...
Eric Fortin
Advice for originating non-income loan using home as collateral
Looking for advice on how to obtain a secured (using property) non-income verification type loan for the purposes of renovating a non owner-occupied second home that is owned outright in order to to turn it into a sho...
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...