#mortgagebanker

29,880 posts

With our Loan Referral Links it will be easier for your Real Estate Associates to recommend their clients who want to ask a question, request Pre-Approval or request a Loan. Be more accessible for your associates and get more referrals through this User-Friendly Loan Application.
-
-
Get started now! Visit us at www.loansystems.com
-
-
#LoanOfficer #LoanSystems #MortgageBroker #Realtors #MortgageBrokers #LoanOfficers #MortgageBanker #MortgageProfessional #Mortgage #MortgageLoanOfficer #MortgageAgent #MortgageAdvisor #MortgageSpecialist #MortgagePro #LoanSystems #PhotoOfTheDay #Loans #HouseLoans #Likes #Follow

With our Loan Referral Links it will be easier for your Real Estate Associates to recommend their clients who want to ask a question, request Pre-Approval or request a Loan. Be more accessible for your associates and get more referrals through this User-Friendly Loan Application. - - Get started now! Visit us at www.loansystems.com - - #LoanOfficer #LoanSystems #MortgageBroker #Realtors #MortgageBrokers #LoanOfficers #MortgageBanker #MortgageProfessional #Mortgage #MortgageLoanOfficer #MortgageAgent #MortgageAdvisor #MortgageSpecialist #MortgagePro #LoanSystems #PhotoOfTheDay #Loans #HouseLoans #Likes #Follow - 10 hours ago

6 Likes
0 Comments
0
Seis for the win. It’s worth sitting outside in 100+ degrees for it.  #seiskitchen #nachos 
#AlwaysBeClosing #loanofficer #loanoriginator #tucsonhomes #tucsonloanofficer #tucsonloans #tucsonrealestate #tucsonloanoriginator #tucsonlocal #oldpueblo #arizona #azloans #azhomes #azrealestate #azloanofficer #sunstreetmortgage #Roadsteam #celly4loans #🌵#tucson #mortgages #mortgagebroker #mortgagebanker

Seis for the win. It’s worth sitting outside in 100+ degrees for it. #seiskitchen #nachos #AlwaysBeClosing #loanofficer #loanoriginator #tucsonhomes #tucsonloanofficer #tucsonloans #tucsonrealestate #tucsonloanoriginator #tucsonlocal #oldpueblo #arizona #azloans #azhomes #azrealestate #azloanofficer #sunstreetmortgage #Roadsteam #celly4loans #🌵#tucson #mortgages #mortgagebroker #mortgagebanker - 12 hours ago

24 Likes
4 Comments
0
Divide them into short-term (payment of credit cards or personal loans); medium (collect money for the registration of your children to school, purchase of supplies or hiring a travel package); and long-term (saving for your retirement, acquisition of a house or apartment). #ICGhome
.
.
.
#financialtips #financetips #financegoals #personalfinance #mortgages #mortgagelife #mortgagefree #mortgagebanker #mortgageloans #mortgagetips #mortgagebrokers #mortgagerates #mortgagelender #mortgageloanofficer #mortgagespecialist #mortgagelending

Divide them into short-term (payment of credit cards or personal loans); medium (collect money for the registration of your children to school, purchase of supplies or hiring a travel package); and long-term (saving for your retirement, acquisition of a house or apartment). #ICGhome . . . #financialtips #financetips #financegoals #personalfinance #mortgages #mortgagelife #mortgagefree #mortgagebanker #mortgageloans #mortgagetips #mortgagebrokers #mortgagerates #mortgagelender #mortgageloanofficer #mortgagespecialist #mortgagelending - 13 hours ago

6 Likes
1 Comments
0
Instead of our usual Friday testimonials, this week we wanted to bring you a testimony straight from one of our clients on closing day. .
.
.
.
Give me a call today at (786)560-4067 or register for a first-time homebuyer workshop on http://www.securethefunding.com.

Yemani Mason | NMLS # 1467499

#FirstTimeHomeBuyers #SecureTheFunding #Mortgage #MortgageBroker #Mortgages #MortgageBrokers #MortgageLoans #MortgageLife #MortgageLender #MortgageBanker #MortgageRates #MortgagePro #MortgageLenders #MortgageLoan #MortgageExpert #MortgageLoanOriginator #MortgageTips #MortgageSpecialist #HomeBuyer #HomeBuyerTips #HomeBuyerTip #HomeBuyerSeminar #HomeBuyerHuddle #HomebuyersSeminar #RealEstate #RealEstateAgent #RealEstateLife #RealEstateMiami #RealEstateTips #RealEstateGoals

Instead of our usual Friday testimonials, this week we wanted to bring you a testimony straight from one of our clients on closing day. . . . . Give me a call today at (786)560-4067 or register for a first-time homebuyer workshop on http://www.securethefunding.com. Yemani Mason | NMLS # 1467499 #FirstTimeHomeBuyers #SecureTheFunding #Mortgage #MortgageBroker #Mortgages #MortgageBrokers #MortgageLoans #MortgageLife #MortgageLender #MortgageBanker #MortgageRates #MortgagePro #MortgageLenders #MortgageLoan #MortgageExpert #MortgageLoanOriginator #MortgageTips #MortgageSpecialist #HomeBuyer #HomeBuyerTips #HomeBuyerTip #HomeBuyerSeminar #HomeBuyerHuddle #HomebuyersSeminar #RealEstate #RealEstateAgent #RealEstateLife #RealEstateMiami #RealEstateTips #RealEstateGoals - 13 hours ago

5 Likes
0 Comments
0
Instead of our usual Friday testimonials, this week we wanted to bring you a testimony straight from one of our clients on closing day. .
.
.
.
Give me a call today at (786)560-4067 or register for a first-time homebuyer workshop on http://www.securethefunding.com.

Yemani Mason | NMLS # 1467499

#FirstTimeHomeBuyers #SecureTheFunding #Mortgage #MortgageBroker #Mortgages #MortgageBrokers #MortgageLoans #MortgageLife #MortgageLender #MortgageBanker #MortgageRates #MortgagePro #MortgageLenders #MortgageLoan #MortgageExpert #MortgageLoanOriginator #MortgageTips #MortgageSpecialist #HomeBuyer #HomeBuyerTips #HomeBuyerTip #HomeBuyerSeminar #HomeBuyerHuddle #HomebuyersSeminar #RealEstate #RealEstateAgent #RealEstateLife #RealEstateMiami #RealEstateTips #RealEstateGoals

Instead of our usual Friday testimonials, this week we wanted to bring you a testimony straight from one of our clients on closing day. . . . . Give me a call today at (786)560-4067 or register for a first-time homebuyer workshop on http://www.securethefunding.com. Yemani Mason | NMLS # 1467499 #FirstTimeHomeBuyers #SecureTheFunding #Mortgage #MortgageBroker #Mortgages #MortgageBrokers #MortgageLoans #MortgageLife #MortgageLender #MortgageBanker #MortgageRates #MortgagePro #MortgageLenders #MortgageLoan #MortgageExpert #MortgageLoanOriginator #MortgageTips #MortgageSpecialist #HomeBuyer #HomeBuyerTips #HomeBuyerTip #HomeBuyerSeminar #HomeBuyerHuddle #HomebuyersSeminar #RealEstate #RealEstateAgent #RealEstateLife #RealEstateMiami #RealEstateTips #RealEstateGoals - 13 hours ago

13 Likes
0 Comments
0
If not now, when? While it’s beneficial to think decisions through responsibly and use the appropriate level of discretion, overthinking and waiting can often times be highly detrimental to accomplishing your dreams and goals. 🕐✔️💯Slide left 👈 and check out these great examples of why it pays to follow your heart and execute sooner rather than later! Repost from @the.brokegeneration 🤗💰💸
•
•
•
•
•
#mortgageman #adamthemortgageman #themortgageman #homeloans #lender #yourpreferredlender #yourlocallender #preapproval #homepurchase #hgtv #bravotv #milliondollarlisting #fliporflop #realtor #reagent #realestateagent #mortgagebanker #financialfreedom #financial #ifnotnowwhen #dontwait #procrastination #goalsetting #motivation #weekend #saturday #saturdayvibes #motivational #inspirationalquotes

If not now, when? While it’s beneficial to think decisions through responsibly and use the appropriate level of discretion, overthinking and waiting can often times be highly detrimental to accomplishing your dreams and goals. 🕐✔️💯Slide left 👈 and check out these great examples of why it pays to follow your heart and execute sooner rather than later! Repost from @the.brokegeneration 🤗💰💸 • • • • • #mortgageman #adamthemortgageman #themortgageman #homeloans #lender #yourpreferredlender #yourlocallender #preapproval #homepurchase #hgtv #bravotv #milliondollarlisting #fliporflop #realtor #reagent #realestateagent #mortgagebanker #financialfreedom #financial #ifnotnowwhen #dontwait #procrastination #goalsetting #motivation #weekend #saturday #saturdayvibes #motivational #inspirationalquotes - 14 hours ago

34 Likes
1 Comments
0
Are you feeling fear or anxiety about your business or finances? Do the business building activities you know you need to do everyday, now you have your mind focused on something else and before long all your efforts will pay off financially as well. -

#successtips #successmindset #motivation #byreferralonly #referralmarketing #referralprogram #mindsetiseverything #mindset #mortgagebroker #mortgagebrokers #mortgageloanofficer #mortgagebanker #mortgage #realtorlife #realestate #businesscoaching #successquotes #successquotes #themortgageballer

Are you feeling fear or anxiety about your business or finances? Do the business building activities you know you need to do everyday, now you have your mind focused on something else and before long all your efforts will pay off financially as well. - #successtips #successmindset #motivation #byreferralonly #referralmarketing #referralprogram #mindsetiseverything #mindset #mortgagebroker #mortgagebrokers #mortgageloanofficer #mortgagebanker #mortgage #realtorlife #realestate #businesscoaching #successquotes #successquotes #themortgageballer - 16 hours ago

8 Likes
0 Comments
0
I had such a great time this week at my first #NextLevelLO live event in Dallas! Not only were there high-caliber people attending and high-talent speakers teaching, but the content was “Next-Level”! I was so excited to see old friends, blessed to make new ones, and I’m walking away from the event with a new appreciation for whatbthe @nextlevelloanofficers team is doing!
#mortgageexperts #ironsharpensiron #successmindset #mortgagelife

I had such a great time this week at my first #NextLevelLO live event in Dallas! Not only were there high-caliber people attending and high-talent speakers teaching, but the content was “Next-Level”! I was so excited to see old friends, blessed to make new ones, and I’m walking away from the event with a new appreciation for whatbthe @nextlevelloanofficers team is doing! #mortgageexperts #ironsharpensiron #successmindset #mortgagelife - 17 hours ago

41 Likes
7 Comments
0
{seller financing}

What is it? It is when a seller of property (i.e. car, house, equipment, etc.) sells the property to a buyer on credit. In other words, the seller is the bank. The seller is the one that has the promissory note, mortgage and lien. 
I am seeing more and more of these in my practice. Every time I do, there is a problem. The seller wants to be done with the buyer, but it doesn’t work that way. You can’t just walk away. You are the one responsible for collecting payment. When the buyer doesn’t pay, it’s your duty to enforce the note and foreclose or repossess. Again, YOU ARE THE BANK! 
I always discourage these types of deals because they always go sidewise, in my opinion. The only reason the buyer wants to do a deal this way is because they cannot get a loan from a bank. With all the mortgage companies today, it should be a red flag when a buyer asks you about buyer financing. It is not hard to get a loan.

Bottom line is this: if a buyer asks you about seller financing, don’t do it!

{seller financing} What is it? It is when a seller of property (i.e. car, house, equipment, etc.) sells the property to a buyer on credit. In other words, the seller is the bank. The seller is the one that has the promissory note, mortgage and lien. I am seeing more and more of these in my practice. Every time I do, there is a problem. The seller wants to be done with the buyer, but it doesn’t work that way. You can’t just walk away. You are the one responsible for collecting payment. When the buyer doesn’t pay, it’s your duty to enforce the note and foreclose or repossess. Again, YOU ARE THE BANK! I always discourage these types of deals because they always go sidewise, in my opinion. The only reason the buyer wants to do a deal this way is because they cannot get a loan from a bank. With all the mortgage companies today, it should be a red flag when a buyer asks you about buyer financing. It is not hard to get a loan. Bottom line is this: if a buyer asks you about seller financing, don’t do it! - 18 hours ago

10 Likes
1 Comments
0
I’m creating networking events in the middle Tennessee area to bring local businesses together within their community over some whiskey tastings and beer pairings. 🎯My goal is educate neighborhoods on my role as a Mortgage Banker with Oxford/Fair Way Lending, NMLS#1843436, and the benefits I can bring to the table along with small businesses within their respective community. ✊ I think our neighbors deserve a shot at earning their community’s business as well as understanding what services are out there within their local real estate industry. *If you would like to get involved DM me. ✅Join me Monday 7/22 at 6pm @brothers_burger_joint in Nolensville for a whiskey tasting with @jack_daniels_tennessee, @georgedickel, @oldhickorybourbon and @garrsbeer 
Thank you to the  @lipmanbrothers @lipmanevents and @missmistyblu for helping me get these events off the ground. 
#networking #smallbusiness #realestate #supportlocal #whiskeytasting #beerpairing #grassroots #mortgagebanker #middletennessee #nolensville #nashville #springhill #franklin #brentwood #greenhills #bellevue #hendersonville #dickson #mtjuliet #murfreesboro #hermitage #downtown #midtown #gulch #eastnashville

I’m creating networking events in the middle Tennessee area to bring local businesses together within their community over some whiskey tastings and beer pairings. 🎯My goal is educate neighborhoods on my role as a Mortgage Banker with Oxford/Fair Way Lending, NMLS#1843436 , and the benefits I can bring to the table along with small businesses within their respective community. ✊ I think our neighbors deserve a shot at earning their community’s business as well as understanding what services are out there within their local real estate industry. *If you would like to get involved DM me. ✅Join me Monday 7/22 at 6pm @brothers_burger_joint in Nolensville for a whiskey tasting with @jack_daniels_tennessee , @georgedickel , @oldhickorybourbon and @garrsbeer Thank you to the @lipmanbrothers @lipmanevents and @missmistyblu for helping me get these events off the ground. #networking #smallbusiness #realestate #supportlocal #whiskeytasting #beerpairing #grassroots #mortgagebanker #middletennessee #nolensville #nashville #springhill #franklin #brentwood #greenhills #bellevue #hendersonville #dickson #mtjuliet #murfreesboro #hermitage #downtown #midtown #gulch #eastnashville - 18 hours ago

18 Likes
2 Comments
0
Happy National Moon Day! We celebrate Apollo 11 landing the first humans on the moon. #NationalMoonDay 🌕 🚀 
What is this post really about? Content. Content. Content. #Marketing

Do you struggle with what to post on social media? Are you trying to build a following, but you get hung up on the who, what, why, and where about posting? Have you heard about the new Mortgage Geek coaching platform that teaches loan officers everything they need to know about posting on social media?

You don't need to put on wigs and silly hats to make great content (although it does help get people's attention! Need proof? You're still reading this aren't you?) Click the Link in the Bio to learn more about the Mortgage Geek Coaching program and how you can start getting engagement on your social platforms.

Happy National Moon Day! We celebrate Apollo 11 landing the first humans on the moon. #NationalMoonDay 🌕 🚀 What is this post really about? Content. Content. Content. #Marketing Do you struggle with what to post on social media? Are you trying to build a following, but you get hung up on the who, what, why, and where about posting? Have you heard about the new Mortgage Geek coaching platform that teaches loan officers everything they need to know about posting on social media? You don't need to put on wigs and silly hats to make great content (although it does help get people's attention! Need proof? You're still reading this aren't you?) Click the Link in the Bio to learn more about the Mortgage Geek Coaching program and how you can start getting engagement on your social platforms. - 19 hours ago

23 Likes
1 Comments
0
Realtor Alert 🚨 In efforts to provide even better service, please let us know what you think of our latest big idea from yesterday’s team meeting?🤣🤣🤣
.
#funnymemes #mortagelife #funatwork #happysaturday #mortgageboss305

Realtor Alert 🚨 In efforts to provide even better service, please let us know what you think of our latest big idea from yesterday’s team meeting?🤣🤣🤣 . #funnymemes #mortagelife #funatwork #happysaturday #mortgageboss305 - 21 hours ago

104 Likes
24 Comments
0
Say hello to the weekend... #saturdayvibes #saturdaythought #weekendmood #mortgagebanker

Say hello to the weekend... #saturdayvibes #saturdaythought #weekendmood #mortgagebanker - 24 hours ago

2 Likes
0 Comments
0
What. A. Day. Sometimes the universe knows what you need before you do. This afternoon @jrosahomes and I took a couple of hours to door-knock the neighborhood of our open house tomorrow. It was just what my heart needed! The Reed neighborhood is special y’all. We met 80 year old Jerry who’s still riding his Harley, cruising around in his Corvette and keeping himself young. “It’s all in the mind”. Barbara who showed us around her home that was oozing with character and love. I headed back to the office feeling rejuvenated. Today reminded me why I’m in this business. It’s so much more than numbers. It’s people. Its relationships. It’s homes. It’s  memories.
.
.
.
.
#CatJerger #CaitlinJerger #MortgageBanker #MortgageLender #LoanOfficer #FirstChoiceLendingTeam #AcademyMortgage #AcademyRocks! #DoingLifeTogether #Mortgage #Loan #Lending #Purchase #Refinance #Portland #PortlandMetro #PDX #LakeOswego #Oregon #Local #Lender #RealEstate #PortlandRealEstate #PDXRealEstate 
Cat Jerger · State Lic OR #1571253 · Academy Mortgage Corporation · Corp State Lic OR #ML-2421 · Corp NMLS #3113 · Equal Housing Lender

What. A. Day. Sometimes the universe knows what you need before you do. This afternoon @jrosahomes and I took a couple of hours to door-knock the neighborhood of our open house tomorrow. It was just what my heart needed! The Reed neighborhood is special y’all. We met 80 year old Jerry who’s still riding his Harley, cruising around in his Corvette and keeping himself young. “It’s all in the mind”. Barbara who showed us around her home that was oozing with character and love. I headed back to the office feeling rejuvenated. Today reminded me why I’m in this business. It’s so much more than numbers. It’s people. Its relationships. It’s homes. It’s memories. . . . . #CatJerger #CaitlinJerger #MortgageBanker #MortgageLender #LoanOfficer #FirstChoiceLendingTeam #AcademyMortgage #AcademyRocks ! #DoingLifeTogether #Mortgage #Loan #Lending #Purchase #Refinance #Portland #PortlandMetro #PDX #LakeOswego #Oregon #Local #Lender #RealEstate #PortlandRealEstate #PDXRealEstate Cat Jerger · State Lic OR #1571253 · Academy Mortgage Corporation · Corp State Lic OR #ML -2421 · Corp NMLS #3113 · Equal Housing Lender - 1 day ago

63 Likes
2 Comments
0
Coming up! Make sure to sign up your teams!
.
.
#Lending #mortgage #loan #realestate #lender #loanofficer #finance #loans #mortgagelender #banking #refinance #entrepreneur #rentalproperties #grandlending #mortgage #business #mortgagebanker #rent #smallbusiness #lending #lendinginvegas #purchase #andreafernandez #buyhomes #homelasvegas #movingtovegas #lasvegaslocalsbusiness #pdxrealestate #local #lasvegas

Coming up! Make sure to sign up your teams! . . #Lending #mortgage #loan #realestate #lender #loanofficer #finance #loans #mortgagelender #banking #refinance #entrepreneur #rentalproperties #grandlending #mortgage #business #mortgagebanker #rent #smallbusiness #lending #lendinginvegas #purchase #andreafernandez #buyhomes #homelasvegas #movingtovegas #lasvegaslocalsbusiness #pdxrealestate #local #lasvegas - 1 day ago

10 Likes
0 Comments
0
These closings are my favorite part! I can’t imagine never getting to meet the people I’ve worked with for sometimes months at a time. Another closing today- congratulations to the Berry’s on their first home purchase!! I’m so happy for you all finding a place to “settle.” Thank you to Realty Title for all your hard work, and a special thank you to Crye-Leike Realtor Kate Clark Luper! You have been so fun to work with while being as professional and efficient as they come. I just know your warm and down to earth personality helped put these first time homebuyers at ease! #lender #realestate #mortgage #mortgagebanker #realtor #loanofficer #home #realestateagent #mortgagelender #homesweethome #investment #finance #loan #refinance #homebuying #newhome #forsale #homeloans #lending #money #realtors #listing #homeloan #homebuyers #househunting #justlisted # #homepurchase #closing  #firsttimehomebuyers

These closings are my favorite part! I can’t imagine never getting to meet the people I’ve worked with for sometimes months at a time. Another closing today- congratulations to the Berry’s on their first home purchase!! I’m so happy for you all finding a place to “settle.” Thank you to Realty Title for all your hard work, and a special thank you to Crye-Leike Realtor Kate Clark Luper! You have been so fun to work with while being as professional and efficient as they come. I just know your warm and down to earth personality helped put these first time homebuyers at ease! #lender #realestate #mortgage #mortgagebanker #realtor #loanofficer #home #realestateagent #mortgagelender #homesweethome #investment #finance #loan #refinance #homebuying #newhome #forsale #homeloans #lending #money #realtors #listing #homeloan #homebuyers #househunting #justlisted # #homepurchase #closing #firsttimehomebuyers - 1 day ago

21 Likes
1 Comments
0
Many factors go into the mortgage approval process – including your credit score. Here’s everything you need to know.

Many factors go into the mortgage approval process – including your credit score. Here’s everything you need to know. - 1 day ago

12 Likes
1 Comments
0
I cannot imagine moving day in heat like this 🌡(Luckily, I didn’t have to help our clients move in 😬) #closingday #homeloans #mortgagebanker ✍🏼 🏡 thank you @joeabramoff

I cannot imagine moving day in heat like this 🌡(Luckily, I didn’t have to help our clients move in 😬) #closingday #homeloans #mortgagebanker ✍🏼 🏡 thank you @joeabramoff - 1 day ago

11 Likes
0 Comments
0
310K in Portland’s SE neighborhood of Reed… need we say more? Don’t miss out on this amazing investment opportunity! ⠀
.
.
.
@jrosahomes and I will be there 7/20 from 12pm-2pm! .⠀
.⠀
.⠀
.⠀
.⠀
.⠀
#Reed #SePortland #JacqlineRosa #PeakRealty #MarcusKoss #CatJerger #CaitlinJerger #MortgageBanker #MortgageLender #LoanOfficer #FirstChoiceLendingTeam #AcademyMortgage #AcademyRocks! #DoingLifeTogether #Mortgage #Loan #Lending #Purchase #Refinance #Portland #PortlandMetro #PDX #LakeOswego #Oregon #Local #Lender #RealEstate #PortlandRealEstate #PDXRealEstate⠀
⠀
Cat Jerger · State Lic OR 1571253 · Academy Mortgage Corporation · Corp State Lic OR ML-2421 · Corp NMLS 3113 · Equal Housing Lender

310K in Portland’s SE neighborhood of Reed… need we say more? Don’t miss out on this amazing investment opportunity! ⠀ . . . @jrosahomes and I will be there 7/20 from 12pm-2pm! .⠀ .⠀ .⠀ .⠀ .⠀ .⠀ #Reed #SePortland #JacqlineRosa #PeakRealty #MarcusKoss #CatJerger #CaitlinJerger #MortgageBanker #MortgageLender #LoanOfficer #FirstChoiceLendingTeam #AcademyMortgage #AcademyRocks ! #DoingLifeTogether #Mortgage #Loan #Lending #Purchase #Refinance #Portland #PortlandMetro #PDX #LakeOswego #Oregon #Local #Lender #RealEstate #PortlandRealEstate #PDXRealEstate ⠀ ⠀ Cat Jerger · State Lic OR 1571253 · Academy Mortgage Corporation · Corp State Lic OR ML-2421 · Corp NMLS 3113 · Equal Housing Lender - 1 day ago

16 Likes
0 Comments
0
A construction loan is a short-term, interim loan to pay for the building/construction of a house.

Now as work progresses, the lender pays out the money in stages.

With construction loans they are typically short term with a maximum of one year and have variable rates that move up and down with the prime rate.  Now these rates on this type of loan are higher than rates on permanent mortgage loans. To gain approval, the lender will need to see a construction timetable, detailed plans, and a ideal budget.

Now once approved, the borrower will be put on a bank draft, or draw, schedule that follows the project’s construction stages and will typically be expected to make only interest payments during construction. As funds are requested, the lender will usually send someone to check on the job’s progress.

#mortgage #loan #loanofficer #lolife #finance #realestate #homeowner #homebuyer #homeforsale #mortgagebanker #mortgagebroker #mcallen #mission #apartments #refinance #dreamhome #business #rgv #riogrande #househunting #purchase #refinance #dreamhome #justsold #professional #officer #money #landlord #options

A construction loan is a short-term, interim loan to pay for the building/construction of a house. Now as work progresses, the lender pays out the money in stages. With construction loans they are typically short term with a maximum of one year and have variable rates that move up and down with the prime rate. Now these rates on this type of loan are higher than rates on permanent mortgage loans. To gain approval, the lender will need to see a construction timetable, detailed plans, and a ideal budget. Now once approved, the borrower will be put on a bank draft, or draw, schedule that follows the project’s construction stages and will typically be expected to make only interest payments during construction. As funds are requested, the lender will usually send someone to check on the job’s progress. #mortgage #loan #loanofficer #lolife #finance #realestate #homeowner #homebuyer #homeforsale #mortgagebanker #mortgagebroker #mcallen #mission #apartments #refinance #dreamhome #business #rgv #riogrande #househunting #purchase #refinance #dreamhome #justsold #professional #officer #money #landlord #options - 1 day ago

8 Likes
1 Comments
0
load more posts
2019 - © Deskgram. All rights reserved.