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Updated about 4 years ago on . Most recent reply

User Stats

87
Posts
20
Votes
Owen Mitchell
  • New to Real Estate
  • Jacksonville, NC
20
Votes |
87
Posts

Disclosing Important Information...Should I?

Owen Mitchell
  • New to Real Estate
  • Jacksonville, NC
Posted

Hey BP Family I found a commercial lender because I don’t have a W-2 job or the debt to income tax requirement for the conventional loans. I found a company called PIMG and they found a lender so I can buy my first property but first I need a proposal letter to start making offers on properties. In the loan processing step is it common practice for you to give them your bank account numbers and your life Insurance policy and Bonds, things of that nature. I told them I wasn’t to comfortable with that. I sent them my life insurance policy but with my account number blacked out, plan on doing the same with my bank statement. Wanted to know anybody else’s experience with stuff life this. I’ll be grateful for anyone’s input. Thank you in advance 

  • Owen Mitchell
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