Common Loan Elements

Property

  1. Property Address
  2. Property Characteristics
  3. Property Legal Description
  4. Purchase Price
  5. Repair Estimate
  6. Financing Cost
  7. Estimate After-Repair Value
  8. Rental Value
  9. Title Report

Investor

  1. Investor/Owner Entity
  2. Investor Financials
  3. Sale Plan

Loan Origination

  1. Loan Amount
  2. Loan-to-Value and Loan-to-Cost Ratios
  3. Loan Term
  4. Interest Rate
  5. Payment Schedule
  6. Pre-Payment Penalty
  7. Trust Deed or Mortgage venue
  8. Trustee
  9. Repair Draw Holdbacks
  10. Funding Method
  11. Payment Method
  12. Payoff Method
  13. Late Fees
  14. Escrow Coordination
  15. Title Insurance

Loan Management

  1. Documents
  2. Payments
  3. Draws
  4. Payoff Demands
  5. Escrow Coordination
  6. Mortgage Release / Trust Deed Reconveyance

Tax Reporting

  1. W-9
  2. 1099-INT
Advertisements

2 thoughts on “Common Loan Elements

  1. Pingback: How do you find the Uncommon Quality Rehabbers? | David Fahrney Financial Group

  2. Pingback: How do you find the Uncommon Quality Rehabbers? | David Fahrney Financial Group

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s