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#2090437 - 07/28/16 05:39 PM Sweat Equity on Loan Estimate
garbs Offline
New Poster
Joined: Jun 2006
Posts: 10
Wisconsin
If we are thinking of using sweat equity for a construction Loan does anyone know how that is listed on the Loan Estimate?

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#2090620 - 07/29/16 04:26 PM Re: Sweat Equity on Loan Estimate garbs
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,219
Galveston, TX
Not sure why it would be listed?? How does it impact the loan?
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#2090691 - 07/29/16 06:18 PM Re: Sweat Equity on Loan Estimate garbs
Clareb Offline
Junior Member
Clareb
Joined: Jan 2014
Posts: 30
Massachusetts
I don't think that is anything to list on the CD. It only impacts the deal itself from an underwriting and LTV source of funds issue. I don't see a reason to put it on the CD either.

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#2092021 - 08/05/16 08:32 PM Re: Sweat Equity on Loan Estimate garbs
garbs Offline
New Poster
Joined: Jun 2006
Posts: 10
Wisconsin
Thanks, I was asked to post this question as mortgage processing has never done a loan using sweat equity. Appreciate the responses. They were not sure.

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