1 / 9

CCAR Lunch & Learn March 7, 2013

CCAR Lunch & Learn March 7, 2013 . Property Dos & Don’ts. Ask the lender about closing time frame. Generally 30 days for conventional and 45 days for government loans. Condo Questionnaire – Get the condo questionnaire completed EARLY by the lender.

mandell
Télécharger la présentation

CCAR Lunch & Learn March 7, 2013

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. CCAR Lunch & LearnMarch 7, 2013 Property Dos & Don’ts

  2. Ask the lender about closing time frame. Generally 30 days for conventional and 45 days for government loans.

  3. Condo Questionnaire – Get the condo questionnaire completed EARLY by the lender. • Red flags: Percentage of primary residences and 2nd home owners needs to typically be 51% or higher for established projects. 70% in new projects. • Number of units currently 30 days past due or more on HOA dues needs to be 15% or less. • 10% replacement reserves.

  4. Subject property repairs • Are repairs needed? • Who is going to make repairs? • Repair escrow?

  5. Scott Tripp BB&T Certified Mortgage Loan Officer NMLS# 415723 301 Wright Blvd Conway, SC 29526 (843) 488-7413 stripp@bbandt.com bbt.com/ctripp

More Related