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donaldduckmoore
Participant[quote=davelj]I just re-financed (30-year fixed) at 4.25% + 2 points + $1200 in closing costs through BofA. So, the APR is 4.6%.
Yeah, maybe some combination of rate plus points/closing costs gets down to an APR of 4.25% on a 30-year fixed during this cycle, but I’m not taking that chance. I’m happy to leave a little on the table. But that’s just me.[/quote]
Did you go through broker or not, $1200 closing cost is pretty low for refi. Would you mind sharing more contact info pls. My email is [email protected].
donaldduckmoore
Participant[quote=davelj]I just re-financed (30-year fixed) at 4.25% + 2 points + $1200 in closing costs through BofA. So, the APR is 4.6%.
Yeah, maybe some combination of rate plus points/closing costs gets down to an APR of 4.25% on a 30-year fixed during this cycle, but I’m not taking that chance. I’m happy to leave a little on the table. But that’s just me.[/quote]
Did you go through broker or not, $1200 closing cost is pretty low for refi. Would you mind sharing more contact info pls. My email is [email protected].
donaldduckmoore
Participant[quote=davelj]I just re-financed (30-year fixed) at 4.25% + 2 points + $1200 in closing costs through BofA. So, the APR is 4.6%.
Yeah, maybe some combination of rate plus points/closing costs gets down to an APR of 4.25% on a 30-year fixed during this cycle, but I’m not taking that chance. I’m happy to leave a little on the table. But that’s just me.[/quote]
Did you go through broker or not, $1200 closing cost is pretty low for refi. Would you mind sharing more contact info pls. My email is [email protected].
donaldduckmoore
Participant[quote=davelj]I just re-financed (30-year fixed) at 4.25% + 2 points + $1200 in closing costs through BofA. So, the APR is 4.6%.
Yeah, maybe some combination of rate plus points/closing costs gets down to an APR of 4.25% on a 30-year fixed during this cycle, but I’m not taking that chance. I’m happy to leave a little on the table. But that’s just me.[/quote]
Did you go through broker or not, $1200 closing cost is pretty low for refi. Would you mind sharing more contact info pls. My email is [email protected].
donaldduckmoore
Participant[quote=davelj]I just re-financed (30-year fixed) at 4.25% + 2 points + $1200 in closing costs through BofA. So, the APR is 4.6%.
Yeah, maybe some combination of rate plus points/closing costs gets down to an APR of 4.25% on a 30-year fixed during this cycle, but I’m not taking that chance. I’m happy to leave a little on the table. But that’s just me.[/quote]
Did you go through broker or not, $1200 closing cost is pretty low for refi. Would you mind sharing more contact info pls. My email is [email protected].
donaldduckmoore
Participant[quote=danthedart]I would think this is a good thing. Sounds like a lot of the inventory issues is that the banks can’t process the homes fast enough.
If these bulk buyers come in and basically take a cut of the bank’s money in order to get the home on the market, that’s fine.
Remember these homes have to come on the market at some point anyway. If there are too many of them, it will force the price to come down.
These bulk investors are not going to be living in the homes. Families will eventually make their way into these homes.
If there are more homes than there are families, the price will drop. [/quote]
Ways for investors to make profits from these bulk purchases is to package the houses and sell it for higher price or rent them out. We may see rent come down in the future if the latter is the case.
donaldduckmoore
Participant[quote=danthedart]I would think this is a good thing. Sounds like a lot of the inventory issues is that the banks can’t process the homes fast enough.
If these bulk buyers come in and basically take a cut of the bank’s money in order to get the home on the market, that’s fine.
Remember these homes have to come on the market at some point anyway. If there are too many of them, it will force the price to come down.
These bulk investors are not going to be living in the homes. Families will eventually make their way into these homes.
If there are more homes than there are families, the price will drop. [/quote]
Ways for investors to make profits from these bulk purchases is to package the houses and sell it for higher price or rent them out. We may see rent come down in the future if the latter is the case.
donaldduckmoore
Participant[quote=danthedart]I would think this is a good thing. Sounds like a lot of the inventory issues is that the banks can’t process the homes fast enough.
If these bulk buyers come in and basically take a cut of the bank’s money in order to get the home on the market, that’s fine.
Remember these homes have to come on the market at some point anyway. If there are too many of them, it will force the price to come down.
These bulk investors are not going to be living in the homes. Families will eventually make their way into these homes.
If there are more homes than there are families, the price will drop. [/quote]
Ways for investors to make profits from these bulk purchases is to package the houses and sell it for higher price or rent them out. We may see rent come down in the future if the latter is the case.
donaldduckmoore
Participant[quote=danthedart]I would think this is a good thing. Sounds like a lot of the inventory issues is that the banks can’t process the homes fast enough.
If these bulk buyers come in and basically take a cut of the bank’s money in order to get the home on the market, that’s fine.
Remember these homes have to come on the market at some point anyway. If there are too many of them, it will force the price to come down.
These bulk investors are not going to be living in the homes. Families will eventually make their way into these homes.
If there are more homes than there are families, the price will drop. [/quote]
Ways for investors to make profits from these bulk purchases is to package the houses and sell it for higher price or rent them out. We may see rent come down in the future if the latter is the case.
donaldduckmoore
Participant[quote=danthedart]I would think this is a good thing. Sounds like a lot of the inventory issues is that the banks can’t process the homes fast enough.
If these bulk buyers come in and basically take a cut of the bank’s money in order to get the home on the market, that’s fine.
Remember these homes have to come on the market at some point anyway. If there are too many of them, it will force the price to come down.
These bulk investors are not going to be living in the homes. Families will eventually make their way into these homes.
If there are more homes than there are families, the price will drop. [/quote]
Ways for investors to make profits from these bulk purchases is to package the houses and sell it for higher price or rent them out. We may see rent come down in the future if the latter is the case.
donaldduckmoore
ParticipantThat is the difference of wholesale and retail. You buy it bulk and they are cheaper. It is that simple.
donaldduckmoore
ParticipantThat is the difference of wholesale and retail. You buy it bulk and they are cheaper. It is that simple.
donaldduckmoore
ParticipantThat is the difference of wholesale and retail. You buy it bulk and they are cheaper. It is that simple.
donaldduckmoore
ParticipantThat is the difference of wholesale and retail. You buy it bulk and they are cheaper. It is that simple.
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