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Creative Real Estate Financing

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29
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Sergio Moratto
  • Flipper/Rehabber
  • Miami Dade County, fl.
5
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29
Posts

LOKING FOR ADVICE.

Sergio Moratto
  • Flipper/Rehabber
  • Miami Dade County, fl.
Posted Mar 10 2023, 03:33


Good morning BP family,,

I am looking for advice on this new activity for my new purchase: I was approved by a funding company for $250,000 in the following terms: 

loan balance                           $ 250.000

Interest rate                              3%

loan term                                  30 years

Number of payments               360

Monthly loan repayment      $1.054 

Cumulative payments          $ 379.443

Total interest paid                  $ 129.343,60

To receive that deposit in my account I must pay a fee for 1125 to them to make it effective,

My question is: is that normal to be able to receive it?

Thank you for any advice you can give me, I'll be attentive.

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