You're absolutely right, and yes there is a benefit of going with a lender who offers both the Hard Money Loan and the refinance exit - Many lenders who offer this combo will often times wave the pts attributed with the second closing when you refinance into permanent financing.

Be aware, however, that loans with less than a 20% down payment will permanently carry mortgage insurance and their rate is higher than other lenders.

Usually we recommend invoices should be kept for at least 5 years, and legal documents should be kept permanently.

We never met the boyfriend before they moved in because he wasn't on the lease so we didn't realize he would be a permanent resident.

Hey Denise, I am going to assume you are looking to purchase a home and not refinance a home in this case - I would ONLY use temporary rate buy-down, not a permanent rate buy-down in this interest rate environment. 

This way I can continue and potentially make this a permanent side income or full time job. 

The reason for this process is the plans that show the building will end up in the permanent record, and it also allows the County to update the record card for the property to reflect the correct SF...and correctly tax the property. 

There has been a lot of Buzz about this program and what it does for first time homebuyers and when it is appropriate to use.Starting from the top… You can use up to $20,000 that can be used for a down payment, closing costs, and/or permanent Interest Rate buydown. 

It's my understanding that foreclosure provides marketable title and clears the liens on the property, excepting taxes that are permanently attached to the property and could result in a tax sale if not paid.  

There are a few little nuances you need to be aware of regarding the age of the trailer, what a "permanent foundation" is, and title work.