We appreciate any help we can get! Thanks.
On the other thread, I can't seem to find, people were upset with the $40.00 per day fee if you don't close within the 30 days of signing a contract. When I played with rough numbers in my head (not totally accurate!) it came to the average cost of a $200,000.00 loan at 6% interest. In theory, if your loan amount is over $200,000.00 and the current interest rate is 6% (don't think they're that high yet) it's a bargain to pay the $40.00 per day fee.
Personally, we're going to jump in when we're about 30 to 60 days from wanting to settle. We will have to rent the house for 4 years and have PM'd a couple people for guidance. Anyone that has info that help us self manage from PA, feel free to get back in touch. We're like sponges and need as much info as possible.
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