Recent content by billinaz
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Construction Loan Job Change
I posed this question to a bank I am looking at. I asked what would happen is the day after the loan closes (up front) if we both lost our jobs. I was told we would still be responsible for the full amount of the loan when it closed. And at the end of the 12th month, it would automatically...- billinaz
- Post #18
- Forum: General Discussion Forum
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Construction Loan Job Change
So if I read this right.... If you do a Construction to Perm loan with a one time up front closing and the loan closes in 45 days if you were to quit your job the next day the construction proceeds and the loan automatically changes to a regular mortgage without any required statement or...- billinaz
- Post #16
- Forum: General Discussion Forum
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