Again, if they bounce a check on a rental app, they're no good.

I haven't paid a nickel in loan fees, app. fees, interest, points or any other junk fees in about 13 years.

If you pull some more equity out of your primary residence and can pay it down to an 80% LTV (if you have any left) and the rate should drop dramatically.With an 80% LTV you could get an interest rate around 6% and an I/O payment of about $760 plus taxes and insurance.

Generally when I see mortgage brokers putting someone into an IO loan it's to get them A BIGGER MORTGAGE than they otherwise would qualify for.For example; on a $100,000 mortgage, 30 year, 7%, an IO payment is $583/month, an amortizing loan would be $665, an increase of 14%.

It's a web-based property management app that helps you manage your properties, tenants, rent, expenses.

You want a credit app and lease if you are going to allow it, but IMO it just strengthens their ability to pay and your ability to collect if they don't or you have to sue for damage.

I see no reason to return the app fee as you did spend time to.

But there is no way I'm paying any broker or lender any up front fee for anything beyond that.I've paid the "application" or "doc prep" fees a few times on some blanket loan apps in the past that never made it all the way through.

I mainly liked Zillow because it works well as an app on my phone and iPad.

Chris,I'm replying to your post from the BP app, so I can't quote it and go back and forth without losing my reply thus far, but here it goes.