Carie Term Questions

Life Changing Lending Term Questions

605-254-3971 Carie Sanow carie.sanow@LifeChangingLending.com www.LifeChangingLending.com Austin, TX 78759
Borrower's Full Legal Name*

First NameLast Name
Phone Number*

Area CodePhone Number
Borrower's Email*
example@example.com
What type of loan are you looking for?*

Fix and FlipDSCR RefinanceDSCR PurchaseNew ConstructionLand Only Purchase - New ConstructionLand Only Purchase - Holding Long TermPrimary Home/Owner Occupied
What is the Subject Property Address?*

Street Address

Street Address Line 2

CityState / Province

Postal / Zip Code
What was the purchase price of the property?*
Ex. $100,000
What is your estimated FICO score?*
Ex. Around 721
What is your total liquidity?*
401K, IRA, Stock Options, or Cash Reserves
Do you have an estimated closing date?

MonthDayYear
Date
What is the property type?*

SFR2 - 4 UnitsMulti UnitOther
How many similar projects have you completed in the last 36 months?*
Ex. Yes 2 fix and flips and 1 purchase
How is the down payment currently sourced in?*

Checking AccountCash Out on Another PropertyGift FundsOther
What is the annual insurance?*
Ex. $1200
What are the annual property taxes?*
Ex. $1200
Are you married, unmarried, or separated?*
What was the purchase price of the land?*
Ex. $100,000
What is the Subject Property Address?*

Street Address

Street Address Line 2

CityState / Province

Postal / Zip Code
How is the down payment currently sourced in?*

Checking AccountCash Out on Another PropertyGift FundsOther
Do you currently rent or own your primary home?*

RentOwn Out RightOther
What is your estimated FICO score?*
Ex. Around 721
What is your total liquidity?*
401K, IRA, Stock Options, or Cash Reserves
How many similar projects have you completed in the last 36 months?*
Ex. 2 Constructions and 1 Fix and Flip
What is your intention with the land?*

Immediate New ConstructionHolding Then New ConstructionOther
What is the Subject Property Address?*

Street Address

Street Address Line 2

CityState / Province

Postal / Zip Code
What was the purchase price of the land?*
Ex. $100,000
Do you currently rent or own their primary home?*

RentOwn Out RightOther
What is your estimated FICO score?*
Ex. Around 721
How many similar projects have you completed in the last 36 months?*
Ex. 2 Constructions and 1 Fix and Flip
Will it be for a primary home or an investment property?*

Primary HomeInvestment PropertyOther
What is the expected total budget of the new construction cost?*
Ex. $50,000
What is the estimated "After Repair Value" of the new construction? *
Ex. $300,000
What is your total liquidity?*
401K, IRA, Stock Options, or Cash Reserves
Do you currently own the land?*

YesNoOther
What is the Subject Property Address?*

Street Address

Street Address Line 2

CityState / Province

Postal / Zip Code
What was the purchase price of the property?*
Ex. $100,000
What is the estimated value of the subject property?*
Ex. $100,000
What is the expected total budget of the new construction cost?*
Ex. $50,000
What is the estimated "After Repair Value" of the new construction? *
Ex. $300,000
What is your estimated FICO score?*
Ex. Around 721
What is your total liquidity?*
401K, IRA, Stock Options, or Cash Reserves
How many similar projects have you completed in the last 36 months?*
Ex. 2 Constructions and 1 Fix and Flip
Is the property currently under contract? If so, is there earnest money involved?*
Ex. Yes under contract and $1500 earnest
What was the purchase price of the subject property?*
Ex. $850,000
What is the current "As Is" value of the property?*
Ex. $1,000,000
What are is your estimated FICO score?*
Ex. around 721
Do you have an estimated closing date?

MonthDayYear
Date
What is the scope of work? *
Ex. Rehab budget estimated at $50,000
What is the estimated after repair value?*
Ex. $325,000
How many similar projects have you completed in the last 36 months?*
Ex. Yes 2 fix and flips and 1 purchase
What is the property type?*

SFR2 - 4 UnitsMulti UnitOther
What is the Subject Property Address?*

Street Address

Street Address Line 2

CityState / Province

Postal / Zip Code
What is your total liquidity?*
401K, IRA, Stock Options, or Cash Reserves
How is the down payment currently sourced in?*

Checking AccountCash Out on Another PropertyGift FundsOther
Are you married, unmarried, or separated?*
Will this property be a fix and flip or fix and hold?*
Is the property currently under contract? If so, is there earnest money involved?*
Ex. Yes under contract and $1500 earnest
Is this property in need of rehab or is it in livable condition?*
If yes, please fill out the Fix and Flip Term Questions
Is there an estimated closing date?

MonthDayYear
Date
What is the property type?*

SFR2 - 4 UnitsMulti UnitOther
What is the Subject Property Address?*

Street Address

Street Address Line 2

CityState / Province

Postal / Zip Code
What are is your estimated FICO score?*
Ex. Around 721
How do you want it to be titled? In an entity or personal name?*
Ex. Entity - Main Street LLC
Are there any current appraisals on the property?*
What is the subject property's monthly income?*
Ex. $7000 every month
Is this a long term or short term rental?*

Long Term (Traditional)Short Term (AirBnb)Other
What is the current "As Is" value?*
Ex. $1,000,000
What is the annual insurance?*
Ex. $1200
What are the annual property taxes?*
Ex. $3500
Are there any HOA dues?*
Ex. Yes $300
What is your total liquidity?*
Ex. 401K, IRA, Stock Options, or Cash Reserves
How many similar projects have you completed in the last 36 months?*
Ex. 3 purchase 1 fix and flip
How is the down payment currently sourced in?*

Checking AccountCash Out on Another PropertyGift FundsOther
Are there current tenants?*
Ex. Yes one family
Are you married, unmarried, or separated?*
Ex. Married
Is this a Cash Out or Rate and Term Refinance?*

Cash OutRate and TermOther
What was the date of acquisition?*

MonthDayYear
Date
Was there a rehab completed on the property? If so, how much did it cost?*
Ex. Yes $35,000
What is the current "As Is" value?*
Ex. $1,000,000
What is the subject property address?*

Street Address

Street Address Line 2

CityState / Province

Postal / Zip Code
What are is your estimated FICO score?*
Ex. Around 721
What is the property type?*

SFR2 - 4 UnitsMulti UnitOther
Is the property currently titled using an entity or in personal name?*
Ex. Entity - Main Street LLC
How do you want it to be titled? In an entity or personal name?*
Ex. Entity - Main Street LLC
What is your total liquidity?*
401K, IRA, Stock Options, or Cash Reserves
Is there a lien on the subject property? If so, what it the lien amount?*
Ex. Yes $232,000
Is the lien a hard money loan we are paying off?

YesNoOther
What is the subject property's monthly income?*
Ex. LTR $3200
Is this a long term or short term rental?*

Long Term (Traditional)Short Term (AirBnb)Other
What are the annual property taxes?*
Ex. $3500
What is the annual insurance?*
Ex. $1200
Are there any HOA dues?*
Ex. Yes $300
Has the borrower completed any similar projects in the last 36 months?*
Ex. Yes 2 purchase 1 fix and flip
Is the borrower married, unmarried, or separated?*
Ex. Married
Citizenship*

US CitizenITINPRAOther
Do you have any mortgage lates on ANY properties that you own in last 12 months?

YesNo
Do you have any possible tax liens, bankruptcy, or foreclosure in last 24 months?

YesNo
Who referred you to Life Changing Lending?*
Ex. Klint
Do you have a Life Changing Lending Officer?
Notes of any extras to the offer:
Please do not send any documents to us but instead login to our secure Borrower Portal to access the full list of requests. Then respond to those requests on the secure portal.
Should be Empty:

Life Changing Lending Term Questions

Please do not send any documents to us but instead login to our secure Borrower Portal to access the full list of requests. Then respond to those requests on the secure portal.