Paying points to a Hard Money lender - Posted by Jim C

Real Estate Investing
1

Posted by JoeKaiser on November 28, 2000 at 02:11:34:

Here’s the typical deal . . .

When you get the loan, the paperwork says you owe $50k, but the lender only hands you $45k. When you pay it off, you pay the entire $50k, plus interest.

Joe

2

Paying points to a Hard Money lender - Posted by Jim C

Posted by Jim C on November 28, 2000 at 01:26:39:

If a Hard Money lender doesn’t lend you the full price of a house you’re buying, say you are only borrowing the amount of the down payment, then how do you go about paying points? Or do you just make interest payments and you don’t pay points?

Thanks!!!