Most Popular Lending Content
Supply TILS to Each Borrower for Mortgage Loan?
07/29/2013
If I have 2 borrowers on a mortgage loan transaction, do I need to supply individual TILs to each borrower?
Borrowers Not On Title But On Loan
07/29/2013
We have a HELOC application where the borrowers are not on title, but their son is. The son is not going to be on the loan due to high debt. Is this something we can do and if so, what additional documents are needed that the son would have to sign? The property is located in Indiana.
Must All Investors Sign GFE? (Investment Property)
07/29/2013
Regarding an investment property, if I have 3 investors, must all 3 sign the GFE?
Improved Prop Considered Owner Occupied or Non?
07/29/2013
Applicant currently rents, and has been funding improvements to a different property out of pocket for the past 5 years. Applicant has applied for a Home Improvement loan to fund the rest of the improvements, and has stated that the intent is to have the improved property be the primary residence once complete. Would the property being improved be considered owner occupied, or non-owner occupied?
7 Day Waiting Period Apply to Note w/o Perm?
07/29/2013
If we do a construction note without perm financing, does the 7 day waiting period apply?