All Forum Posts by: Lori Taylor

@Ellen Morrison

The processing fee likely goes to to your lender for the cost of doing your loan (paying the underwriter, processor etc). The title fees will be separate from that.

To me your appraisal fee is normal (not sure what maker you are in, but in mine $750 is pretty normal). The only thing I see that seems really high is the discount points to buy the rate down.

Yes on average, you can look at 1%-3% for your loan fees, but those are going to be much higher on a small loan amount as many of those costs are fixed.

Hope that helps a little!

Thanks for the info! I’m really excited to check this out and really excited that it’s available in my market!

Thank you both so much! We’re getting really close to pulling the trigger on our first place and I’m really excited!

Does anybody know of any real estate/investing meet up groups in Whatcom or Skagit County in Washington? We’re just getting started branching out from vacation rentals and need to start networking like crazy! Thanks!!

We have vacation rentals in Leavenworth, WA and Phoenix, AZ. I can tell you that the rental management company charges 50% (high but standard for the area...includes paying for most supplies, paying house cleaners etc) for our WA property and the one in AZ charges 15%. I think that’s more standard. Both have been very successful for us though.

I don’t think that we worry about anything much different, except what you already said...making sure you have the funds to carry you through the slow months...