They'd have poor reviews and a one star rating.

The rate and points will also be highly sensitive to the LTV, credit score, DSC ratio, loan purpose, loan size, and property type. 

Hey everyone,I’ve been hosting in Denver for a while and currently have a 4.97 star average with Superhost status, and lately I’ve been curious about what other hosts find most challenging when managing short-term rentals.For me, it took some time to find the right team (cleaner + handyman).

What sort of rate and terms did you get?

Here in our local residential market in Northern Nevada there was a notable uptick in homes contracted and a corresponding decrease in days to contract in October I think largely in response to downward pressure on rates.

The best way to compare offers is to get each lender’s full fee sheet: rate, points, closing costs, and any prepayment penalty.

TIA If the $5600/month is P&i only, your new rate is over 7.5%.

Depending on your current interest rate it might make sense to consider a HELOC, so you do not need to sacrifice the lower interest rate.

Hey BP,I’m working with an investor right now on a VA loan assumption here in the Phoenix metro area and wanted to share some insight because these deals are one of the best ways I’m seeing people win in today’s higher rate climate.

For me the less turnover costs were at least equal to any revenue loss as to rate differential between 30 days and 6 months.