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Updated over 2 years ago on . Most recent reply

User Stats

12
Posts
1
Votes
Lupe Arredondo
  • Contractor
  • Garden Grove, CA
1
Votes |
12
Posts

Loan Bio

Lupe Arredondo
  • Contractor
  • Garden Grove, CA
Posted

My name is Lupe and I kinda left scratching my head trying to find out what is a "loan bio"

I am in the process of doing a cash out refinancing on one of my properties. One of the conditions I have to meet is to provide a loan bio. I asked my lender what a "loan bio" was. He just told me to google it. Not much help there. I pasted the condition below.

"7. We need a ‘Loan Bio' for Subject Property (This should be a detailed itemization about the property's back yard, T-Pole in the backyard, kitchen appliances, lighting fixtures in all rooms, etc.)"

Does anyone know what he means?  

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