Am I required to pay anything before receiving the money?
Lendai only requests you pay for the Appraisal Report, which will be paid directly to the appraisal company.
Does my credit score in my origin country or US affect my offer?
No, every investor receives the same offer that is based on Lendai’s Proprietary Underwriting System.
Do you have any additional (hidden) fees? Such as processing fee, underwriting fee, broker fee, etc.
No, Lendai has no hidden fees. The 2% origination covers all fees related to processing, underwriting, and originating your loan.
What are Discount Points?
n exchange for a one time and up front fee, Discount Points lower your interest rate and your monthly payment . Over the course of a 30-year loan, these Discount Points can save the borrower a significant amount of money. The Discount Points are totally optional for the borrower. Lendai follows the US standard pricing procedure of Discount Points.
How do I choose the best points program for me?
Each discount point paid lowers your interest rate by 25 basis points (0.25%) for the entire 30-year duration of the loan. The more points you have, the more you save on your loan payments throughout the loan term. Buying discount points is best suited for investors who intend to hold the property for a long period of time.
Why are you charging escrow tax and insurance?
Lendai needs to make sure that the property’s tax bills and insurance premiums are fully paid on time. Lack of payments can create a tax lien which can lead to foreclose of the property by the authorities. If you do not pay the insurance, then the house is not covered in case of damages. Lendai and you are then excluded from coverage and may lose part/all of the investment.