Explain the loan process.
When do I pay my loan fees?
The loan fees are paid from the loan proceeds the day the loan closes and all documents are recorded.
Can I include my loan fees with the loan?
Yes, if the equity of the property is ample to cover the loan costs.
Explain the prepayment penalty.
The prepayment penalty is an interest guarantee. The guarantee ia a minimum months of interest. After you pay the minimum months interest payments, you can prepay any of the principal balance, at any time, without penalty.