EXISTING PROPERTIES

The terms available on a typical existing property are primarily determined by the property type and type of transaction.  However there are a few terms that we can generally identify:

The amortization of a loan is typically 25 years, although it could be stretched to 30 years if the property is only a few years old, or has had major renovation that makes it "like-new."

If the property has undergone any renovation or rehab, it is useful to have a general breakdown of what was improved, and how much it cost.

REQUIREMENTS 

In order for us to review an existing property transaction we will need to see all of the information listed in the general information required page.

In addition, please review the requirements for the property and transaction type and other factors discussed on the main mortgage page.

*  Please review our disclaimer.