Tam's Quick Term Questions

Tam Nguyen SR. Loan Officer & Team Leader

346-500-2085 Tam@LifeChangingLending.com www.LifeChangingLending.com Round Rock TX 78664
Borrower's Full Legal Name*

First NameLast Name
Phone Number*

Area CodePhone Number
Borrower's Email*
example@example.com
Subject Property Address*

Street Address

Street Address Line 2

CityState / Province

Postal / Zip Code
Cash out refinanceRate and term RefinancePurchasePurchase with RehabNew ConstructionOther
Fix and Flip ResidentialDSCR RefinanceDSCR PurchaseNew ConstructionLand Only PurchasePrimary Home/Owner OccupiedMulti Unit 5 plus Fix and FlipMulti Unit 5 plus Refinance DSCRMulti Unit 5 plus Purchase DSCROther
Single Family Residence SFR2-4 Unit5 -8 Unit9-10 UnitMulti-Unit 10 plus unitsCommerical Type Property (office, strip center or etc.)Other
What is the Purchase price?*
i.e. $125,000
What is the "AS-Is" current value? *
i.e. $185,000
What is the estimated rehabbed "AMOUNT" needed to be invested in this project? (The scope of work "Amount")*
i.e. $55,000
What is the ARV "After Repair Value" of this project?*
i.e. $335,000
What is the number of competed investment projects in the last 36 months? (flips rehabbed and sold OR rehabbed and Refinanced)*
i.e. 3
What is the Estimated Fico Score of the Borrower?*
What is the estimated Liquidity or Cash on Hand that borrower can currently show?*
$37,600
US CitizenITIN with Fico ScoreITIN with no Fico ScorePermanent Resident AlienOther
6 month12 monthOther
What is the Estimated Closing Date?*

MonthDayYear
Date
Is this projected already under contact?*
i.e. YES or NO
What was the date of acquisition/purchased?*

MonthDayYear
Date
What was the purchase price of the property?*
Ex. $100,000
Was there a rehab completed on the property? If so, how much was spent on rehab?*
i.e. . Yes $35,000
What is the subject property's monthly income?*
Ex. $3400 every month est. MARKET RENT
What is the estimated square footage of the property? *
i.e. 1600
What is the lot size or acreage?
i.e. 1.5 acres
What are the annual estimated property taxes?*
Ex. $4800
How much is the annual estimated HOI Home Ownership Insurance?*
i.e. $1850
Any HOA dues on this property? if so the amount?*
i.e. yes 40 a month or 1200 annual
Are there current tenants in place?*
Ex. Yes one family
Long Term (Traditional)Short Term (AirBnb)Other
YesNo
All DSCR Loans come with a 0-5 yr PPP. 3 years is standard. *All DSCR loans come with 0-5 year prepayment penalties. 3 Years is standard.**Longer prepayment penalty term achieves the lowest rate. Shorter prepayment term makes the interest rate higher. Please specify your PPP choice -
i.e. 3 year
How do you want it to be titled? In an entity (LLC) or personal name?*
i.e. MY LLC Main Street RE LLC
RentOwn my primary homeOther
Checking AccountCash Out on Another PropertyGift FundsOther
What is the new construction budget needed?*
i.e. $150,000
What is the estimated "After Repair Value" of the new construction? *
Ex. $300,000 The completed value of the project
Immediate New ConstructionHolding Then New ConstructionOther
YesNoOther
What is the purchase price of the lot?*
Ex. $100,000
What is the estimated "As-Is" Value of the lot?*
Ex. $100,000
Lot Acquisition/Purchase Date of the lot?

MonthDayYear
12/15/2019
How much do you currently owe / balance on the lot?*
i.e. $232,000
Number of competed Ground Up new construction projects have you completed in the last 36 months? (must verify with documentation)*
i.e. . 2 New Construction competed
Number of competed Heavy Rehab projects you have completed in the last 36 months? (must verify with documentation)*
i.e. . 1 heavy rehab
YesNoOther
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
YesNo
Who referred you to Life Changing Lending?*
Ex. Klint
Notes of any extras INFORMATION 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:

Tam Nguyen SR. Loan Officer & Team Leader

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.