Ask How a Rental Loan Could Affect the Next Property Decision

By Don McClain | Founder & Principal, Medro Advisors

America's Loan Source applies the September 6 capital-planning article to non-owner-occupied, one-to-four-unit investments. List the expected holding period, possible sale or refinance, applicable prepayment terms and any provisions affecting other assets. Ask the provider and counsel to explain the relevant documents before assuming the loan preserves future flexibility. Record unresolved terms beside the owner's intended next move. Commercial examples in the source are not universal residential loan rules. Discuss the property plan with America's Loan Source. FUNDED is forthcoming.

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