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#2122763 - 03/20/17 11:22 PM Advertising
AZloan Offline
Gold Star
Joined: Apr 2016
Posts: 266
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.

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Lending Compliance
#2122768 - 03/20/17 11:56 PM Re: Advertising AZloan
Richard Insley Online
10K Club
Richard Insley
Joined: Oct 2000
Posts: 10,179
Toano, VA
"9 month term" is a triggering term. Downpayment is a triggering term ONLY in a credit sale.
_________________________
...gone fishing.

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#2123072 - 03/22/17 03:04 PM Re: Advertising AZloan
AZloan Offline
Gold Star
Joined: Apr 2016
Posts: 266
Thank you very much Richard

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