Make sure it explicitly explains the process for termination if you are unhappy with their services, but especially if they violate the terms of your agreement.3.

Long story short-er, I have been working with a bank to close on a 12 month construction loan with the option to do a 20 year ARM with them or find another lender upon completion and turn it over to them.

conventional loan. 5/1 arm. 25% down.

Your paperwork needs to be rock solid (making sure no equitable interest is transferred, the seller can NOT sell the property from up under the TB, the down payment that the TB puts down will be counted as their down payment AND making sure that if the tenant buyers doesn’t buy it is explicit that they do not get that 3.5%-5% back)My biggest suggestion is to make sure the tenant-buyer is NOT a typical renter.

Make sure it explicitly explains the process for termination if you are unhappy with their services, but especially if they violate the terms of your agreement.3.

Here are the specs:25% down portfolio loan 5-year arm (bad rookie idea) at 4.625% (next increase 10/2025).

Here are the specs:25% down portfolio loan 5-year arm (bad rookie idea) at 4.625% (next increase 10/2025).

I would suggest a conventional loan with a rehab arm to the loan. 203k is limited in just needed items.

This was subsequent to reaching out to BOA, making it explicitly clear to them that they made an error in that the litigation was against a mortgage that is completely separate and does not in any way affect the 1st mortgage.My attorney is completely baffled as to how this could have happened and has no idea how to resolve since he feels BOA will rely on the language in the Deed of Trust.Side note: Upon looking at the Deed of Trust for the first mortgage, MERS is listed as "the beneficiary under this Security Instrument".

10-1 ARM How did you add value to the deal?