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9 December 2024 | 8 replies
It is also very dated last updated in the 1980s.
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11 December 2024 | 8 replies
Unused contingency funds, unless they were received directly from the borrower, must be used to reduce the outstanding balance of the renovation mortgage after all of the renovation work has been completed and the certification of completion has been obtained.The loan is not re-amortized.Draw Schedule:The HomeStyle program has a maximum 4 draw process.The initial draw can be up to 50% of the total project and can be for materials for the project.The final draw will be at least 10% of the total project as retainage and funds will be released upon receipt and approval of final inspection, Certificate of Completion from Appraiser, signed All Bills Paid Affidavits and Lien Waivers.Additional Draw Information:Ø Signed Draw Request by borrower and contractorØ Signed All Bills Paid AffidavitØ GMG review and approve the draw request and will release funds for disbursementØ A check will be issued in the name of the borrower and contractor and delivered to borrower via USPSØ An inspection of work to date will be performed at 50% completeFinal Draw Information:Ø Signed Draw RequestØ Final inspection/Completion Certificate will be required for release of final fundsØ A Title Update showing property free from lien or encumbranceØ General Contractor’s Lien Waiver AffidavitØ Affidavit of Completion GR will review and approve the draw request and will release a check in the name of the borrower and contractor.Change Orders and Cost Overruns:Changes to the initial plan are not permitted unless prior approval by Guaranteed Rate.
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10 December 2024 | 4 replies
Bank as much money as you can between now and purchase date.#4.
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10 December 2024 | 36 replies
Also, Fixated moved my closing date a few times, but luckily I didn’t have another deal at risk.Does this sound typical?
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12 December 2024 | 7 replies
Just calculate the average price/sqft and use this, but this isn't good because some out of date also get sold, and the likesFinally, how closely do investors follow the 70% rule?
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11 December 2024 | 15 replies
And this date is usually before you get your tenant in.
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5 December 2024 | 3 replies
Private money lending bridges the gap between speed and flexibility for investors while offering lenders a secure way to grow their returns.
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11 December 2024 | 12 replies
As Chris describes it PMC is a dating site for people needing money to do a deal and for people wanting to lend money to make a 10-12% return.
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7 December 2024 | 7 replies
Hi @Austin Tess One possible idea is moving up the closing date to the end of November.
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9 December 2024 | 14 replies
New guests are prompted for their check-out date, and then they use their own logins for Netflix, Max, etc.