Diane Loveridge's Member Feedback

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1. 

   Michael Murray

   November 21, 2008

   I have close 203k for loans for purchase not with banks. The challenges with 203k loans is the additional paper work. Have your mortgage and broker provide all the needed forms. Get your Contractors, and project manager picked out. There is more out of pocket money with a 203K. Have your client aware of the additional expenses. There might be another type of loan - Hard money. This is more interest and should be understood that this is quicker but costly.

   I think to protector yourself and not to waste your time have your client give you copies of 203k forms and contact information.

   Best of Luck

   Mike

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