Sentences with phrase «origination points each deal»
We have rolled out new client incentive programs where effectively over the first 3 fix / flip loans under the 90/10 program you can reduce your interest rate 1 % each deal you do (if you start at 12 % and by your 3rd your at 10 %) in addition to a reduction in origination points each deal you do up to the 3rd.
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In the end, if you do the deal - You'll pay more in points, a higher rate compared to the 40 % down scenario, the origination fee would increase slightly but you'll keep your money on hand to invest elsewhere, perhaps some units that can help with the cashflow of your home.