Diane G.
When does interest start to accrue
I did a cash out refinance and escrow closed today. Now Chicago Title told me that the wire missed the cutoff time and I will get the fund next Monday. In that case, do I need to pay interest for the 3 days that I don...
Christine Wilcher
Interest Rates and Points
Hello!I'm purchasing my 2nd investment property and working with Truist bank. They are asking for 20% down and providing a 7.1% interest rate. They are charging me 3.389% in points! I calculated 5% in closing cost. ...
Brian Knox
What are landlords to do in this situation?
We just had massive storms in St. Cloud, MN causing numerous tree-damaged houses.
What is a landlord to do if a tree falls onto the rental house and displaces your renters? I mean, if the house is not presently inhab...
Daniel Ko
Closing cost (Escrow and Title Fees)
Hi all,
Can I ask expert opinions on whether my closing costs (I'm the seller) is reasonable for a condo in Los Angeles, CA for $736,000? Title and escrow costs alone add up to be a little over $9K (not including p...
Powers Miller
Vrbo conflict resolution
Does VRBO have a resolution center similar to airbnb? I had a guest check in yesterday who had to leave the place he booked through vrbo and he is asking me for advice on how to get his money back. It was his first st...
Noa Bloch
deferred financing mortgage illinois
HiI have a SFR in illinois that i paid cash for. I renovated it and its been rented for 2 months.Im looking to refi cash out, and Iv heard about a product called deferred financing,anybody does that in illinois?Pleas...
Mary lou L.
Gift of Equity proposal- Has anyone done this?
I want to purchase my dad's house. He talked to a lender (he went through them to buy his last home a few months ago) and this is what he said:"Because you would be selling your home to a family member you can do some...
Chan K.
Mass: Buying, Attorney Fee Closing
Hi BP Community, So, I am in the process of closing on a multi-family. I was supposed to close on the house sometime in mid-March. Due to fire alarm test failure by the fire department, seller asked that I close on th...
Rachael Collins
VA loan seller closing costs
Hello all- I have received an offer on my house and the buyer is using a VA loan. One of the contingencies is that I agree to pay up to 3.5% in closing costs and prepaid items. That is aprox. $8k in this case, which ...
Hector Perez
Estimated closing costs for a rental house
Hello BP,
What are the estimated closing costs for a rental house?
The house pruchase price is $105,000 and the loan will be conventional.
I think that 4% its a good number to use.
What are your thoughts?
Thanks