Matt Rasich
Mortgage Bankers vs Mortgage Brokers for loan
Currently these are my options for my first property, which will hopefully be a multifamily property. I've had two friends use mortgage brokers and liked the experience but what is your take on either?Do you prefer on...
Tom Hall
why closing cost is so high?
Soon closing on a property property cost $458k and the closing cost is really high we are doing FHA mortgage they are charging 2% of the loan plus application fee and mortgage insurance on closing for the amount of $7...
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...
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...
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 ...
Steven Bond
2% finder fee 2% origination 20% ROI-9 Month balloon
FIG is opening up several new developments. The subject line returns are for 2nd position money. First position money is needed and will pay to investor 2% origination and 15% fixed for a 9 month term. Contact Stev...
Account Closed
Can someone please tell me what is Point/Origination Fee?
Can someone please tell me what is Point/Origination Fee?In the Rental Calculator expense partThank you
Rich Davis
Interest rate vs APR
So I went to my bank just to see what kind of rate I could qualify for and I got pre-approved at 4% interest rate and 4.35% APR. What's the difference between the two and is this a good rate? My credit score is 800-81...
Choon Yee Dee
Hard Money Loan for Fix and Flip
Hello everyone!I have a quick clarification question regarding hard money loans for fix and flips. If for example, for a 12 months hard money loan, if I fix and flip a home in 6 months, am I only paying for 6 months o...