Security
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A first mortgage on the property |
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You are listed as the mortgagee on the borrower’s homeowner’s insurance |
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You receive a lender’s title policy protecting you from any title company errors |
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Loan is capped at 65% LTV |
Prior to closing the loan you will receive:
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The original appraisal of the property |
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The property survey |
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Title commitment |
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Rehab proposal and disbursement schedule of repair escrow |
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Copy of note and mortgage |
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Copy of purchase agreement |
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Insurance policy on the property |
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Summary of the transaction |
Utilize Main Street Financial’s experience - Let your money work for you instead of you working for your money
Call Main Street Financial today for a consultation and we will be happy to walk you through a transaction.