Put the First Payment on the Calendar Before You Count the Loan Proceeds

Don McClain, Founder & Principal of Medro Advisors, explains why investment-property borrowers should connect the funding timeline with the first repayment obligation. Identify where proceeds will go, any documented deductions and the amount actually available for the intended purpose. Keep signing, satisfaction of funding conditions, disbursement and usable funds as separate milestones. Confirm the first payment’s due date, amount or calculation method, frequency and instructions from the applicable documents and servicing information. America’s Loan Source highlights this practical review to help borrowers avoid relying on an assumed payment interval or unconfirmed arrival date.

More from ALS Updates