We only do construction loans and our broker takes care of the permanent phase. For our advertising fliers, we are putting that it is 9 month construction term (I am thinking it is a triggering term, I hope not though) then, do we have to disclose the balloon amount after 9 month construction phase? Also, we are putting 80% LTV, then do I have to say "you have to pay 20% down pmt"
Any advise will be helpful.
Thank you.