Closing costs credits issued through closing (escrow) which covers closing costs except prepaid interest, taxes, insurance and payoff demand fees. (ritelend.com)
As of today, three of the notes are performing, one is delinquent 94 days (which I am in the middle of exercising the warranty which is a buyback option - everything is going smoothly so far), and I received a request for Payoff Demand for the fifth note. (biggerpockets.com)
Rite Lend pays all of the closing costs except prepaid interest, taxes, insurance and payoff demand fees.Rates are subject to change and not all applicants qualify. (ritelend.com)