Attend this 90-minute interactive webinar to get the information you need to originate and document Construction Conversion and Renovation Mortgages. This session will provide an overview of transaction and documentation requirements for the permanent mortgage replacing interim construction financing. This offering benefits borrowers preparing for construction conversion and those in need of home renovation funds.
A basic understanding of Loan Product Advisor functionality is recommended
Course materials will be e-mailed to attendees prior to the start of the session
Gain an understanding of the requirements surrounding Construction Conversion and Renovation Mortgages as outlined in Chapter 4206 of the Guide.
Define Construction Conversion and Renovation Mortgages
Understand how to structure the Permanent Financing
Calculation of value (LTV/TLTV/HTLTV)
Underwriting and Loan Product Advisor requirements