Jennifer Toledo's Quick Term Questions

Jennifer Toledo Loan Officer

Jennifer Toledo 774-441-2600 jennifert@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
Subject Property Address

Street Address

Street Address Line 2

CityState / Province

Postal / Zip Code
Will this be a cash out refinance, rate and term refi, purchase or New Construction?

Other
What type of loan are you looking for?

Other
What is the property type? (pick one)

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
Citizenship

Other
What is the length of loan term are you looking for?

Other
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
Is this a long term or short term rental?

Other
Do you have any mortgage lates on ANY properties that you own in last 24 months?
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
Do you currently rent or own your primary home?

Other
How is the down payment currently sourced in?

Other
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
What is your intention with the land?

Other
Do you currently own the land?

Other
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
Is the lien a hard money loan we are paying off?

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

Jennifer Toledo Loan Officer

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.