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The Real Estate Investor's Guide to Financing by David Reed

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CHAPTER 6

Investment Properties and Closing Costs

Investment properties carry the same typical closing costs as primary single-family homes do, but they also have some particulars that you need to be prepared for, as well as knowing how closing cost quotes work and how you can get through all the smoke and mirrors associated with interest-rate quotes and closing charges.

Interest rates and closing costs are the biggest shell game in the business.

Each time you finance a property, your loan officer is required to provide you with a Good Faith Estimate of Settlement Charges, or GFE, within three days after you send in your application or apply online, or immediately if you provide a loan application to a loan officer in person.

The GFE is a document ...

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