New investor here and could use some help.Looking at a 155k duplex in NJ. Investment loan with 25% down, have great credit, no debt, good income and assets.I've been quoted a mortgage with a rate 3.25 but origination...
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $212,000
Cash invested: $40,000
Sale price: $342,000
3bd/2.5ba/1905sq ft. Reno'd kitchen/dining, half bath a...
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $212,000
Cash invested: $40,000
Sale price: $346,000
3bd/2.5ba/1700sq ft. Reno'd kitchen/dining, half bath and ...
After months of researching, I am ready to start investing in a Multifamily! Can someone please share the pros and cons of going to a bank vs a loan originator for a mortgage? I just started to discuss mortgages with ...
How much does it cost to have the service of a mortgage loan originator?
Hi all, Could someone tell me if loan origination charges are a fixed amount or if it is a percentage of the loan? I have heard that there are online lenders that don't even charge loan origination charges. Any recomm...
We are buying a flip. The sellers bought the house 12 years ago with an existing addition. We asked them, but they don't know if it was ever permitted. We have two choices: 1) to rehab with all plumbing as is; 2) to...
Hi, I would like to know which lender has reasonable origination charges and other charges for investor, who is buying a property (either SFR/townhomes/condos) in Houston, TX area.Thanks,HP
Hello everyone, my name is Simon, I am 20 years old and I am looking to start a REI journey. I am currently unemployed, and was thinking of getting an MLO Licence and job to get in the field, start building a network ...
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...